Latest Expert Opinions

Signal
Opinion
Expert
TOP PICK
TOP PICK
December 31, 2018
The US dollar rolling over is good for commodities. Long term the cost of bring on new supply is so high that supply is effectively capped. There is a miss match in supply and demand and the previous glut is slowly coming down. (Analysts’ price target is $5.57)
The US dollar rolling over is good for commodities. Long term the cost of bring on new supply is so high that supply is effectively capped. There is a miss match in supply and demand and the previous glut is slowly coming down. (Analysts’ price target is $5.57)
John Zechner
Chairman, J. Zechner & Assoc
Price
$4.480
Owned
Yes
TOP PICK
TOP PICK
December 31, 2018
5 times forward earnings. They did an acquisition and took on some debt and got bad press. (Analysts’ price target is $39.57)
Maxar Technologies (MAXR-T)
December 31, 2018
5 times forward earnings. They did an acquisition and took on some debt and got bad press. (Analysts’ price target is $39.57)
John Zechner
Chairman, J. Zechner & Assoc
Price
$16.310
Owned
Yes
TOP PICK
TOP PICK
December 31, 2018
It has come down such a long way yet is a good growth story. It trades at 10 times forward earnings. Everyone is worried about AMZN-Q coming in but he thinks it is overdone on the downside. (Analysts’ price target is $227.21)
FedEx (FDX-N)
December 31, 2018
It has come down such a long way yet is a good growth story. It trades at 10 times forward earnings. Everyone is worried about AMZN-Q coming in but he thinks it is overdone on the downside. (Analysts’ price target is $227.21)
John Zechner
Chairman, J. Zechner & Assoc
Price
$161.330
Owned
Yes
DON'T BUY
DON'T BUY
December 31, 2018
Oil forecast? Used to have a great a balance sheet then levered up at the wrong time to make an acquisition around 2014. It takes a long time to unwind. Some say you can get great torque on BTE, because an upside in oil means an upside in earnings, but it's not worth the risk. Oil price is a little cheap now, so you can dip a toe into oil now. But look for good balance sheets in a company. It's rough to see the WCS differential so wide, but the reason is the lack of pipelines. Things can't get worse, but it can go away as soon as you start building pipelines. Also, demand growth in oil is okay actually.
Baytex Energy Corp (BTE-T)
December 31, 2018
Oil forecast? Used to have a great a balance sheet then levered up at the wrong time to make an acquisition around 2014. It takes a long time to unwind. Some say you can get great torque on BTE, because an upside in oil means an upside in earnings, but it's not worth the risk. Oil price is a little cheap now, so you can dip a toe into oil now. But look for good balance sheets in a company. It's rough to see the WCS differential so wide, but the reason is the lack of pipelines. Things can't get worse, but it can go away as soon as you start building pipelines. Also, demand growth in oil is okay actually.
Chris Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
Price
$2.410
Owned
Unknown
COMMENT
COMMENT
December 31, 2018
A large Brazillian iron ore company. Really volatile. Really cleaned up their balance sheet with decent debt-to-earnings. It's starting to recover. Don't expect a huge pick-up on iron ore prices, but going steadily. If the USD suffers serious weakness, then the price of iron ore will rise and VALE, but he doesn't see massive U.S. dollar weakness in the short term.
Vale S.A. (VALE-N)
December 31, 2018
A large Brazillian iron ore company. Really volatile. Really cleaned up their balance sheet with decent debt-to-earnings. It's starting to recover. Don't expect a huge pick-up on iron ore prices, but going steadily. If the USD suffers serious weakness, then the price of iron ore will rise and VALE, but he doesn't see massive U.S. dollar weakness in the short term.
Chris Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
Price
$13.190
Owned
Unknown
COMMENT
COMMENT
December 31, 2018
A lot of the pain is now behind them. But don't expect a quick recovery. They just cut their dividend and are selling their Canadian divisions to reduce their heavy leverage. They might be fine. But this could be in $10-15 for some time. It takes time to de-leverage. But the worst is certainly behind them.
Altagas Ltd (ALA-T)
December 31, 2018
A lot of the pain is now behind them. But don't expect a quick recovery. They just cut their dividend and are selling their Canadian divisions to reduce their heavy leverage. They might be fine. But this could be in $10-15 for some time. It takes time to de-leverage. But the worst is certainly behind them.
Chris Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
Price
$13.900
Owned
Unknown
DON'T BUY
DON'T BUY
December 31, 2018
Used to own it. He sold high-dividend stocks in 2014-16, expecting interest rates started rising. Utilities are levered up, too. IPL has come down in price a lot so he's interested, but he expects interest rates to rise, so he wouldn't look at utilities for longer-term growth.
Inter Pipeline (IPL-T)
December 31, 2018
Used to own it. He sold high-dividend stocks in 2014-16, expecting interest rates started rising. Utilities are levered up, too. IPL has come down in price a lot so he's interested, but he expects interest rates to rise, so he wouldn't look at utilities for longer-term growth.
Chris Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
Price
$19.340
Owned
No