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| BUY | 12.000 | Colin Stewart | Environmental compliance company. It’s a way top play the commodities over time. Not as susceptible to volatility in the commodity. Attractive dividend. It’s under followed by analysts. 6.25% dividend is sustainable. Perhaps even some room to raise it. | 2010-03-05 | |
| BUY | 10.500 | Michael Simpson, CFA | Provide environmental services in the recovery of sulphur and does a lot of work with refineries. Outlook is quite good as refinery regulations just increased. Market is a little bit concerned that Shell may want to close their Montreal refinery where they are participants but this is not a big concern. 7.1% yield. | 2009-12-03 | |
| TOP PICK | 10.430 | Michael Simpson, CFA | Industrial services for refineries by helping to remove sulphur, dealing with spent acids, cutting out petroleum coke, etc. Also sell chemicals to water treatment facilities. Markets sulphur-based products in Atlantic Canada. Long-term contracts. Refineries are processing more heavy oil, which helps them. Recently increased dividends. | 2009-07-06 |