Now that he is enthusiastic about energy going forward, SU-T is actually relatively expensive to its peers. This may actually cause them to under-perform in the space. If you want the consistent cash flow and decent yield you can continue to hold this for the next 30 years. He has moved out looking for better opportunities.

5 year time horizon? Over 5 years we will know how their petrochemical plant will play out? By 2022, it should be in operation. The company has great long term contracts in place for the base load of it non-petrochemical business already and he looks for them to the same for this new project. He hopes, as a large shareholder, the new business will add value to their business. In the meantime a good place to park your money and collect the dividend. Yield 6.9%

Why the big rally lately? Lots of volatility here. The problem is trying to understand the core business strategy. They used to do a "turnkey" construction business, with a fixed cap on construction costs -- moving towards cost plus instead. Now, with recent asset write downs, he is having a hard time value the underlying business as it changes strategy. He expects further write downs. He would like to see them de-risk things before coming back in. A big shareholder has come in recently to help recapitalize them. A speculative buy at this stage, but he is not back in.

Why is there no interest in the gold space? The company has done a great job restructuring. They had recently hinted the company was going to up for sale, but no one showed up. The company is cash flow positive at this level. He is into gold because he likes the asset class. He worries that IMG-T is not very good at increasing production. He has exposure in gold, because global interest rates are near or below zero. When the gold market decides to move, it will go quickly. Companies in this space have to prove to investors they are making money.

Zero interest rates are horrendous for insurance companies. SLF-T is trying to become a wealth partner for people into retirement. This would turn them into a fee based business and there has been some success here. He finds other assets, like Canadian banks, easier to understand so he has not entered into this space.

Why does volume trade spike in the last minutes of trading? The bulk of trading volume for most stocks actually focuses on the early start of the day, so this is unusual. As this in the index, there may be some index balancing that is going on. He is uncertain overall.

(A Top Pick Oct 05/18, Down 3%) This was a theme of trying to catch a falling knife. He was surprised how it got wiped out and he got stopped out earlier. They spun out the Canadian utilities business, which was unexpected. This left the US acquisition in Washington. The market didn't like the debt level, when interest rates were going up.