Today, Bill Harris, CFA commented about whether WEF.TO, CCO.TO, KEY.TO, RUS.TO, EMA.TO, ABX.TO, NWH.UN.TO, SRU.UN.TO, BTO.TO, ROXG.TO, IPL.TO, SU.TO, WCP.TO, BAM.A.TO, BIP, BEP.UN.TO, NPI.TO are stocks to buy or sell.
They own Brookfield Infrastructure. The infrastructure stock has better valuation than the renewable energy fund. Brookfield renewable also faces too much money going into the sector.
They own Brookfield Infrastructure. The infrastructure stock has better valuation than the renewable energy fund. Brookfield renewable also faces too much money going into the sector.
Gas is doing better than oil. The gas price has helped propel gas companies from the bottom. He would prefer CNQ or other high quality companies.
He would compare it with Canadian Natural Resources which has a greater chance of upside. Suncor wasn't beaten down as much as CNR. They have good free cash flow and executes well. Energy stocks in general are still at risk since institutional money is avoiding the sector.