COMMENT
The Chinese trade was has been so negative for commodities as a whole. You should never fall in love with commodity stocks, they are just too cyclical.
SELL
He does not own them and has not done for years. He would trade into something else. For over 10 years that has been dead money. He does not see how management will create anything exciting.
DON'T BUY
He is not in the cannabis space. There are too many players. It is like the auto market back in the early 1990s, when everyone was making cars. There will be a huge consolidation ahead. Maybe WEED-T is one that will survive. This is just not an investing environment.
BUY
He does not own BAM. It is a fabulous company and the dividend is solid. They just seem to land on their feet now wonder what happens. A pillar in any portfolio. He wished he owned it.
COMMENT
SU vs PKI? The two go to stocks in the energy space are CNQ and SU. We are eventually going to have a big consolidation in the energy space, there are too many small players now. SU is a solid company, he would prefer it.
COMMENT
SU vs PKI? The two go to stocks in the energy space are CNQ and SU. We are eventually going to have a big consolidation in the energy space, there are too many small players now. SU is a solid company, he would prefer it.
COMMENT
SU vs PKI? The two go to stocks in the energy space are CNQ and SU. We are eventually going to have a big consolidation in the energy space, there are too many small players now. SU is a solid company, he would prefer it.
COMMENT
Politically we threw fuel on the fire in a weak commodity market. You have to be positive on the forward energy price to like anything. SU is a safer bet than WCP as they can make money at current prices. He is not sure WCP will be able to benefit. He expects more consolidation of smaller players in this space going forward.
COMMENT
Politically we threw fuel on the fire in a weak commodity market. You have to be positive on the forward energy price to like anything. SU is a safer bet than WCP as they can make money at current prices. He is not sure WCP will be able to benefit. He expects more consolidation of smaller players in this space going forward.
TOP PICK
A great Canadian story. They do tuck in acquisitions and have handled debt very well. Second only to 711 in the convenience store space. Going forward, we will still need fueling stations (gasoline, electric, etc.) and they are well positioned. Yield 0.62% (Analysts’ price target is $45.59)
TOP PICK
They have 30% annual growth and have for years. It does not look like anyone can knock them off their perch. A must hold in every portfolio. Yield 0% (Analysts’ price target is $2194.83)
TOP PICK
All the Canadian banks are good. The US economy looks a little better than in Canada and they have a better position there. A safe dividend. An anchor in any portfolio. Yield 3.89% (Analysts’ price target is $79.25)
COMMENT
Too much of the market is liquidity driven and this worries him. But he doesn't follow the broad markets that closely. He's started to take interest in Alberta oil, which hasn't been this bad since 1989-90--he likes the Canadian oil space now when NOBODY does. Even a dead-cat bounce is overdue. Encouraging news is two First Nations bands have backed out opposing the TransMountain and possible moves for a First Nations band to own the TM. Canadian drillers have curbed drilling and turned into free cash machines. Also, there are too many competent people in oil for this sector to be still for much longer. About Encana: when a Canadian-named oil company has to move to the US, that says something. Overall, Canadian oil/gas companies are too competent and too unloved for too long that contrarian investors should start looking at these stocks. The industry is quite solvent. Also, the mid-eastern and American shale plays will be in 5 years long in the tooth.
BUY
With if they drill a high-grade hole in the Ivory Coast? The market would do very well. SME is backed by the most successful exploration financier in this era. It's an interesting project with mixed results. If they hit a deep hole, they will do very well. He's attracted to it.
RISKY
Not for the faint of heart--political risk. If things work, this has huge upside. It's one of the largest copper gold deposits in the world.