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Today, Michael Sprung commented about whether CVS-N, TFII-T, AD-T, AC-T, CPG-T, MG-T, FFH-T, BAM.A-T, ARX-T, WCP-T, ENB-T, WN-T, SLF-T, T-T, BCE-T, SU-T, CM-T, KL-T, MFC-T, ALA-T, PPL-T are stocks to buy or sell.

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A Comment -- General Comments From an Expert
Market. People need to look toward some kind of strength of track record of management and strength of balance sheet. Retail, hotel and airline industries are going to be very tough industries. The recovery is going to be a very rocky road and we are going to see a lot of bankruptcies along the way. It is going to be a touch environment for the next few years at least. The market is very short term in its orientation. FB-Q and GOOG-Q are facing regulatory headwinds at present. The carnage to the economy has yet to be tallied. The banks will survive.
Unknown
BUY
This is a smart long term play. It has a well contracted asset base. It is diverse. It has a lot of things going for it. Within the pipeline industry it is one he would find more exciting at this time.
pipelines
DON'T BUY
Altagas Ltd

There is a possibility the price will recover within five years. It is higher risk/reward to PPL-T, however. It needs more improvement in earnings quality for him to jump in.

oil / gas
BUY
Manulife Financial
They made a strong effort at communicating with the investment community. Their first quarter was fairly good. They have a strong capital base. The dividend is not in jeopardy.
insurance
HOLD
Kirkland Lake Gold
They have excellent mines and grades. Gold should continue doing well for some time. It has good prospects.
precious metals
BUY
He still likes it. It is at somewhat of a discount. It is more Canadian-centric compared to competitors. Over the next few quarters he thinks provisions for loan losses will rise. They are at a reasonable price.
banks
BUY
Which company in the oils sands would he like to buy? All energy companies are going to have a poor year, this year. As the recovery takes hold, demand for energy should increase. SU-T would be one of the better places to be. It is well financed and has a good balance sheet. It is also quite diverse, covering up stream to down stream operations. It has the capability to pay a dividend throughout this crisis.
Unknown
BUY
Suncor Energy Inc
Which company in the oils sands would he like to buy? All energy companies are going to have a poor year, this year. As the recovery takes hold, demand for energy should increase. SU-T would be one of the better places to be. It is well financed and has a good balance sheet. It is also quite diverse, covering up stream to down stream operations. It has the capability to pay a dividend throughout this crisis.
integrated oils
BUY
BCE Inc.
Telephone companies are going to benefit from the stay-at-home phenomenon. People would not give up their cell phones but they might take a lower package. BCE-T is a fairly good place to be but they will have to do a lot of CAP-X for 5 G, although it will be a benefit in the long term.
telephone utilities
HOLD
Telus Corp
You might have a little while to wait for it to go up again, but it is an extremely well managed company. Definitely a good place to be for the longer term. The yield is fairly safe.
telephone utilities
PAST TOP PICK
(A Top Pick Jun 17/19, Down 4%) It is an extremely strong company within the lifecos. They have good growth in global markets. Stick with it.
insurance
PAST TOP PICK
George Weston Ltd.
(A Top Pick Jun 17/19, Down 2%) It has done very well considering the environment. They are being hurt most in the food services business. All of the grocery chains have been doing very well during the COVID crisis.
food processing
PAST TOP PICK
Enbridge
(A Top Pick Jun 17/19, Down 4%) It is one of his favourites in the group. It is the most miss-understood because they are involved in so many markets. They are well contracted and in a strong liquidity position. He would continue to hold it. He would be surprised to see a dividend cut.
oil / gas pipelines
HOLD
Whitecap Resources
It is probably one of the better managed exploration and production companies in Canada. It is a little bit higher risk/reward than some of the others. This is one of the companies he would look at in this group. It will recover or could be acquired or merged with.
Oil and Gas (Integrated Oils)
HOLD
Arc Resources Ltd
It has been one of his top picks in the past. It is an extremely well managed company. It would not bother him too much to see the dividend cut in this environment.
oil / gas