It It owns a number of businesses and spins out some of them to shareholders. It owns a lot of stock in MGM resorts. It also has a couple of operating businesses and smaller properties. The CEO is a very smart manager and the management team is great. It has a very clean balance sheet with cash. Buy 12 Hold 3 Sell 0
(Analysts’ price target is $50.62)It has a very long life reserve index. It is also integrated with refineries and has bought some in the U.S. which were not doing well. It is now starting to turn them around and is in a sweet spot. It has more cash flow and is increasing its share buyback. It is now in another sweet spot nearing a net debt level of $4 billion. It has just increased its dividend which stands at 4 1/2 to 5%. We should see a much higher oil price in the second half of the year. Buy 18 Hold 1 Sell 1
(Analysts’ price target is $25.47)
It owns 570 dental practices and there are 15 000 in Canada. They are looking at how many they want to deal with and acquire, about 150. It should grow organically through cash flow and cost control. It is easily the largest dental practice company in Canada and has initiated a new dividend with a good increase in cash flows. They have debt from acquiring practices and lower interest rates would be good for that debt. Buy 10 Hold 0 Sell 0
(Analysts’ price target is $12.73)