Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
June 14, 2019
Great business in Canada, and then they levered up to buy a gas company. No one in the market today likes debt. Numbers have stalled. There are more stable opportunities elsewhere.
Altagas Ltd (ALA-T)
June 14, 2019
Great business in Canada, and then they levered up to buy a gas company. No one in the market today likes debt. Numbers have stalled. There are more stable opportunities elsewhere.
Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$19.180
Owned
No
BUY
BUY
June 14, 2019
Core position. Stable, really likes it. Reserves will be there for a long time. Has best long-term contracts for ancillary pipelines in the oil sands. You're getting their new plastics plant for nothing. Oil sands revenue underpins the dividend. In 2022, should get a 25% hike in dividend and earnings. Part of Alberta is being given away right now.
Core position. Stable, really likes it. Reserves will be there for a long time. Has best long-term contracts for ancillary pipelines in the oil sands. You're getting their new plastics plant for nothing. Oil sands revenue underpins the dividend. In 2022, should get a 25% hike in dividend and earnings. Part of Alberta is being given away right now.
Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$19.960
Owned
Yes
PAST TOP PICK
PAST TOP PICK
June 14, 2019
(A Top Pick Apr 13/18, Up 24%) Reality is that the pipeline infrastructure is full. Toll booth business. Reasonable rate of return. Not expecting a huge amount of growth, but it will be incremental going forward.
Enbridge (ENB-T)
June 14, 2019
(A Top Pick Apr 13/18, Up 24%) Reality is that the pipeline infrastructure is full. Toll booth business. Reasonable rate of return. Not expecting a huge amount of growth, but it will be incremental going forward.
Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$46.250
Owned
Yes
PAST TOP PICK
PAST TOP PICK
June 14, 2019

(A Top Pick Apr 13/18, Down 9%) Had been hoping the differential would recover. It's a political problem. Consolidated into CNQ instead, as it's generating a ton of cash and that's a safe way to be in the space.

(A Top Pick Apr 13/18, Down 9%) Had been hoping the differential would recover. It's a political problem. Consolidated into CNQ instead, as it's generating a ton of cash and that's a safe way to be in the space.

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$11.360
Owned
No
PAST TOP PICK
PAST TOP PICK
June 14, 2019
(A Top Pick Apr 13/18, Down 13%) Got cheap and sat there. Projecting huge amounts of money for the size of the company. In motion to build up to a mid-size gold company.
Roxgold Inc (ROXG-T)
June 14, 2019
(A Top Pick Apr 13/18, Down 13%) Got cheap and sat there. Projecting huge amounts of money for the size of the company. In motion to build up to a mid-size gold company.
Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$1.010
Owned
Yes
SELL
SELL
June 14, 2019
Should be a core position that you just tuck away. Very stable income stream. Believes the dividend is sustainable. It was expensive, and all the other stuff got so cheap, so they redeployed the money into ARC.
Should be a core position that you just tuck away. Very stable income stream. Believes the dividend is sustainable. It was expensive, and all the other stuff got so cheap, so they redeployed the money into ARC.
Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$26.780
Owned
No
WAIT
WAIT
June 14, 2019

The pieces of BAM are less expensive and have more compounding power than owning BAM. Not a swinging deal right now. But this is a development company and gets a good rate of return. He's waiting to buy. Longer term, you could probably buy it today. If there's another inflation wave in the fall, that would be a good time.

The pieces of BAM are less expensive and have more compounding power than owning BAM. Not a swinging deal right now. But this is a development company and gets a good rate of return. He's waiting to buy. Longer term, you could probably buy it today. If there's another inflation wave in the fall, that would be a good time.

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$24.960
Owned
No