Latest Expert Opinions

Signal
Opinion
Expert
BUY WEAKNESS
BUY WEAKNESS
February 21, 2019
A top pick for him for many years. Still likes the name. He models 5% FCF growth and 8% EPS growth. Reasonable payout ratio. It will go higher and if you get it at $46-$47 you will do OK 12 months out.
Pembina Pipeline Corp(PPL-T)
February 21, 2019
A top pick for him for many years. Still likes the name. He models 5% FCF growth and 8% EPS growth. Reasonable payout ratio. It will go higher and if you get it at $46-$47 you will do OK 12 months out.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$48.110
Owned
Unknown
SPECULATIVE BUY
SPECULATIVE BUY
February 21, 2019
Their last earnings was a beat. Line 3 construction schedule has more flexibility than he thought. Shovels have to be on the ground by June. The name is cheap at 10.5 times 2020 FCF. The only thing is if Line 3 doesn't go through. A year ago he would have said that yes but there is so much opposition. If it does, the stock goes meaningfully higher.
Enbridge(ENB-T)
February 21, 2019
Their last earnings was a beat. Line 3 construction schedule has more flexibility than he thought. Shovels have to be on the ground by June. The name is cheap at 10.5 times 2020 FCF. The only thing is if Line 3 doesn't go through. A year ago he would have said that yes but there is so much opposition. If it does, the stock goes meaningfully higher.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$48.810
Owned
Unknown
BUY
BUY
February 21, 2019
He would be very careful with most oil names. But some are really too good to be true. This is one. Trading at 3.8 times EV to CF. Balance sheet is fine. He models growth at 25% for their earnings. This is a monster in a depressed environment. The only caveat is if oil and nat gas prices stay down or even go lower from here.
Encana Corp(ECA-T)
February 21, 2019
He would be very careful with most oil names. But some are really too good to be true. This is one. Trading at 3.8 times EV to CF. Balance sheet is fine. He models growth at 25% for their earnings. This is a monster in a depressed environment. The only caveat is if oil and nat gas prices stay down or even go lower from here.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$9.100
Owned
Unknown
BUY
BUY
February 21, 2019
Still constructive on the name. A top pick at $12 a few years ago. They have done a great job at tightening risk controls and cost reductions. Last quarter they beat estimates. Credit quality still fine. They model EPS growth of 11% 2018-2020 and trading at 9 times 2020. Good value here.
Bank of America(BAC-N)
February 21, 2019
Still constructive on the name. A top pick at $12 a few years ago. They have done a great job at tightening risk controls and cost reductions. Last quarter they beat estimates. Credit quality still fine. They model EPS growth of 11% 2018-2020 and trading at 9 times 2020. Good value here.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$29.290
Owned
Unknown
HOLD
HOLD
February 21, 2019
They just missed on their earnings from their conventional pipelines. Trades at a premium. Their payout ratio is going higher even as still safe-ish. You can have it for a yield proxy.
Inter Pipeline(IPL-T)
February 21, 2019
They just missed on their earnings from their conventional pipelines. Trades at a premium. Their payout ratio is going higher even as still safe-ish. You can have it for a yield proxy.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$21.140
Owned
Unknown
BUY
BUY
February 21, 2019
Very volatile name. Leverage is high. But it is in a good secular positive sector. Has good revenues synergies from past acquisitions. Trades cheaper than its peers. Not for the faint of hearts. Small-cap name. All in combined with the dividend he likes it if you can tolerate the movement.
Very volatile name. Leverage is high. But it is in a good secular positive sector. Has good revenues synergies from past acquisitions. Trades cheaper than its peers. Not for the faint of hearts. Small-cap name. All in combined with the dividend he likes it if you can tolerate the movement.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$57.810
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
February 21, 2019
More of a pipeline company. One thing he likes is that they are exiting the commodity business. It is expensive. They are becoming more infrastructure focused. Dividend looks nice and safe-ish. Growth starts to look better after 2019. Not his favorite at this level but good to own it at a lower level.
Gibson Energy(GEI-T)
February 21, 2019
More of a pipeline company. One thing he likes is that they are exiting the commodity business. It is expensive. They are becoming more infrastructure focused. Dividend looks nice and safe-ish. Growth starts to look better after 2019. Not his favorite at this level but good to own it at a lower level.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$20.900
Owned
Unknown