Latest Expert Opinions

Signal
Opinion
Expert
HOLD
HOLD
January 15, 2019
Lots of analysts favour this. Production profile is promising. Hasn't studied it from a valuation point of view, and as a value investor, valuing gold companies has always been a struggle. His gold exposure is under 3%. If you own it, probably still hold it.
Agnico-Eagle Mines(AEM-T)
January 15, 2019
Lots of analysts favour this. Production profile is promising. Hasn't studied it from a valuation point of view, and as a value investor, valuing gold companies has always been a struggle. His gold exposure is under 3%. If you own it, probably still hold it.
Michael Sprung
President, Sprung Investment Management
Price
$51.900
Owned
Unknown
DON'T BUY
DON'T BUY
January 15, 2019
People have bought it for the yield and because it was well diversified between regulated and non-regulated assets. But then they sold some assets. Probably fairly valued here. Can't tell how stable the dividend is. In the quasi-utility sector, he'd look at other companies.
Altagas Ltd(ALA-T)
January 15, 2019
People have bought it for the yield and because it was well diversified between regulated and non-regulated assets. But then they sold some assets. Probably fairly valued here. Can't tell how stable the dividend is. In the quasi-utility sector, he'd look at other companies.
Michael Sprung
President, Sprung Investment Management
Price
$13.920
Owned
Unknown
WATCH
WATCH
January 15, 2019
Energy has been crushed, and a lot of companies are at compelling valuations. This is a provider to the energy sector, so will do well when/if the sector improves. Need more firmness in the commodity price, which he hopes has bottomed out. (Analysts’ price target is $28.70)
Shawcor Ltd. (A)(SCL-T)
January 15, 2019
Energy has been crushed, and a lot of companies are at compelling valuations. This is a provider to the energy sector, so will do well when/if the sector improves. Need more firmness in the commodity price, which he hopes has bottomed out. (Analysts’ price target is $28.70)
Michael Sprung
President, Sprung Investment Management
Price
$18.720
Owned
Unknown
BUY
BUY
January 15, 2019
Likes this company, well managed. Doing a lot to make balance sheet understandable. Good future. Billions of dollars of build scheduled over next few years, which will add to cash flow. Target of growing dividend consistently, and he thinks they'll succeed. Wouldn't hesitate to buy.
Enbridge(ENB-T)
January 15, 2019
Likes this company, well managed. Doing a lot to make balance sheet understandable. Good future. Billions of dollars of build scheduled over next few years, which will add to cash flow. Target of growing dividend consistently, and he thinks they'll succeed. Wouldn't hesitate to buy.
Michael Sprung
President, Sprung Investment Management
Price
$47.250
Owned
Unknown
BUY
BUY
January 15, 2019
Valuation in the bank group is compelling. Only one with yield over 5%. Trading at 1.4x book, strong balance sheet. Negative has always been that it's domestic, and more exposed to the mortgage market. If your outlook is longer term, and you want the dividend, it's a good buy today.
Valuation in the bank group is compelling. Only one with yield over 5%. Trading at 1.4x book, strong balance sheet. Negative has always been that it's domestic, and more exposed to the mortgage market. If your outlook is longer term, and you want the dividend, it's a good buy today.
Michael Sprung
President, Sprung Investment Management
Price
$106.810
Owned
Unknown
TOP PICK
TOP PICK
January 15, 2019
The most international bank, great exposure to South America and Mexico. Last year was tense with the trade negotiations. Valuation isn't at a premium anymore. Compelling buy now. Has been investing heavily in changes brought on by technology. Yield is 4.8%. (Analysts’ price target is $81.88)
Bank of Nova Scotia(BNS-T)
January 15, 2019
The most international bank, great exposure to South America and Mexico. Last year was tense with the trade negotiations. Valuation isn't at a premium anymore. Compelling buy now. Has been investing heavily in changes brought on by technology. Yield is 4.8%. (Analysts’ price target is $81.88)
Michael Sprung
President, Sprung Investment Management
Price
$71.570
Owned
Yes
TOP PICK
TOP PICK
January 15, 2019
Likes it because of diversified asset base. More international of the oil & gas producers in Canada. Attractive yield. Doesn't get enough credit for having a high proportion of earnings getting Brent prices instead of WTI or WCS. Outstanding long-term buy at this valuation. Yield is 8.6%. (Analysts’ price target is $44.03)
Vermilion Energy Inc(VET-T)
January 15, 2019
Likes it because of diversified asset base. More international of the oil & gas producers in Canada. Attractive yield. Doesn't get enough credit for having a high proportion of earnings getting Brent prices instead of WTI or WCS. Outstanding long-term buy at this valuation. Yield is 8.6%. (Analysts’ price target is $44.03)
Michael Sprung
President, Sprung Investment Management
Price
$32.140
Owned
Yes