| BUY | 20.200 | Peter Brieger | (Market Call Minute.) This and CCL Industries (CCL.B-T) were one of the 2 companies in Canada that focus on waste disposal and this is the last public one available. | 2008-05-01 | |
| HOLD | 16.670 | Glenn MacNeill, P.Eng. | (Market Call Minute.) Good production, good assets. Relatively high dividend. | 2008-03-07 | |
| BUY | 17.910 | Sandy McIntyre | (Market Call Minute.) Garbage is always in fashion. | 2008-02-26 | |
| HOLD | 17.550 | Peter Brieger | Have looked at this and it is on his radar screen. It has a space that very few other companies have. | 2007-12-28 | |
| HOLD | 15.470 | Michele Robitaille | Faced a number of challenges. Oil field services sector is weak and she feels this one will be a little bit weaker going into 2008. Have some cost cutting coming in. 14% yield and there could be a distribution cut. | 2007-11-28 | |
| BUY | 17.170 | Michael Simpson, CFA | Results released showed that they were better than what analysts had been forecasting. Diversified into both oil field and industrial waste. Cautious on the energy services sector. | 2007-11-08 | |
| HOLD | 17.030 | Peter Brieger | It’s the only company left in Canada that cleans up messes from oil spills, but would wait to see how the dust settles. | 2007-11-06 | |
| BUY | 19.670 | Chris Rankin, MBA, CFA | good quality assets. | 2007-10-19 | |
| HOLD | 19.700 | Michele Robitaille | Oilfield services have been pretty beat up. Had a weak 2nd quarter because of wet weather in their Western division. Have expanded pretty strongly into the east, which is more industrial focused. This gives them diversification. 3rd quarter should look at little bit better for them. Payout ratio is creeping a little bit high. | 2007-10-03 | |
| HOLD | 19.450 | Michele Robitaille | Oil field waste management. 2nd quarter was weak, but had been expected. Drilling activity has fallen off in Western Canada and this is a trend she expects to continue. Longer term she likes this company. | 2007-08-23 | |
| BUY | 24.130 | Leslie Lundquist | Waste disposal. Reasonably valued. Feels the market is just lumping it in with all the other oil service trusts, but their businesses are such that they will not suffer the way other service companies will. | 2007-07-25 | |
| PARTIAL BUY | 25.600 | Kevin Hall BComm, CFA | Provides waste management services for the energy sector in western Canada. A similar company is CCS Income Trust (CCR.UN-T), which just had a takeover offer by private equity. This will create added interest to this trust. | 2007-07-11 | |
| BUY | 24.240 | Michele Robitaille | Middle of last year started to diversify. Will take another 12 to 18 months for that to start to show.
Are more oil weighted.
Good entry point on them. | 2007-06-11 | |
| BUY | 25.150 | Ben Cheng | Oil/gas service stock. Involved in the treatment of waste products from the drilling processes. Drilling dropped off considerably in 06 and 07, which affected them considerably. Expect drilling activity will pick up. | 2007-05-29 | |
| HOLD | 25.450 | Andrew Guy, CFA | Waste management, mainly in western Canada in the oil sands sector. A troublesome market in the 1st quarter. 118% payout ratio. Will likely recover when drilling picks up. | 2007-05-25 | |
| HOLD | 26.000 | Michele Robitaille | 4th quarter results were a little bit softer than expected, so the stock fell. Outlook for them remains strong. Expecting a recovery in the oil patch in late 2007, early 2008 and there should be a resurgence in the stock price. 1st & 2nd quarter may be soft. | 2007-03-23 | |
| BUY | 27.200 | Ben Cheng | More stable than the typical oil/gas service company. Deals with waste by-product as well as waste management outside of oil/gas itself. Should continue to perform very well. | 2007-03-02 | |
| BUY | 27.150 | Michael Simpson, CFA | Have a virtual duopoly in the West with CCS Trust (CCR.UN-T) in oilfield waste handling. Expanded across Canada. Very disciplined management. | 2007-02-23 | |
| BUY | 27.150 | Patrick Kim | If you are looking for exposure to the oil field services, this is a good name to have. Not tied so directly to the production side of oil/gas companies. | 2007-02-22 | |
| Comment | 26.850 | Peter Brieger | In this space, he prefers CCS (CCR.UN-T). Both are actively involved in cleaning up oil spills, pollution, etc. This one has the higher yield. | 2007-02-19 | |
| BUY | 26.160 | Chris Rankin, MBA, CFA | Feel that this one will appreciate. | 2007-02-09 | |
| BUY | 24.690 | Patrick Kim | Became significantly undervalued, compared to its peers. A lot of industrial applications outside of Alberta and British Columbia. Last quarter earnings were a little disappointing, but given their defensive position they should have been rewarded, not penalized. | 2007-01-26 | |
| BUY | 27.470 | Michael Simpson, CFA | A quality company. Industrial oilfield waste business. | 2007-01-04 | |
| BUY | 26.700 | Robert Lauzon | Essentially at duopoly on waste management of the oil industry. Has held up quite well. Good management. | 2006-11-24 | |
| STRONG BUY | 26.410 | David Baskin | Of all the income trusts, it is the one that has been beaten down the most. Has very good growth prospects. A very steady business. | 2006-11-21 | |
| Comment | 26.550 | Dean Orrico | Waste oil recovery. This business will continue to be strong, as the energy market should continue to be strong. Low payout ratio and low debt. | 2006-11-10 | |
| PAST TOP PICK | 33.500 | David Baskin | (A Top Pick Oct 24/05. Up 75%.) Waste oil recovery. Also in solid landfill business. Not seasonal or cyclical. Growing by acquisition. Good management. A 10% drop would be an attractive entry point.. | 2006-10-23 | |
| BUY | 34.350 | Peter Brieger | Treat the waste oil and clean up oil drilling sites. Prefers CCS Income Trust (CCR.UN-T) | 2006-10-16 | |
| BUY | 33.600 | Sandy McIntyre | Waste management business. Originated in the oil patch handling oil field wastes and have diversified into industrial waste. | 2006-10-13 | |
| BUY | 31.790 | Peter Brieger | In the cleanup business in the oil patch. Thinks their growth will continue. | 2006-08-14 | |
| DON'T BUY | 32.500 | Peter Brieger | Looking at both this and CCS Income Trust (CCR.UN-T) and even though this yields more, he is leaning more to the other because of the potential growth. They are both great companies. | 2006-07-18 | |
| BUY | 32.750 | Greg Guichon | Low yield of about 6.7%. This is a growth part of a portfolio. They clean up waste in the oil patch. Very high margins. Low payout ratio of about 67%. | 2006-07-14 | |
| BUY | 30.100 | Dean Orrico | Owns about 40% of the oilfield waste management industry in western Canada. Represents a more defensive play in the oil/gas business. Expanding into other types of waste industries which is a positive. | 2006-06-23 | |
| BUY | 29.760 | Ben Cheng | They treat some of the waste by-product of oil/gas. Have been acquiring other properties in western Canada and very attractive levels, by going forward those properties will require higher prices so growth through acquisition will be more difficult. | 2006-05-19 | |
| HOLD | 32.010 | Kevin Hall BComm, CFA | Oil field services and waste removal sector. Has done extremely well. Expanding and diversifying away from western Canada. Probably fairly fully valued. Wait for a pullback. | 2006-05-05 | |
| TOP PICK | 27.920 | Michele Robitaille | Newalta Income Fund is in the oil field service industry focusing on oil field waste. Recently bought Phillips Services and Industrial Waste in Ont. Good history of returns on the capital that they are investing and the captital programs that they have put into place. Decent balance sheet. The company is positioned quite well to grow. Poised to do well over the near term. | 2006-03-18 | |
| BUY | 27.300 | Sandy McIntyre | Newalta Income Fund is a well run business. Canadian Crude Separaters is a competitor and is also a well run business. They like both funds. They own a big piece of Candian Crude which has a 68% payout ratio and a yield of 6%. They also own a big piece of Newalta which has a 80% payout ratio.
| 2006-03-05 | |
| BUY | 27.970 | Ben Cheng | Should see fairly decent earnings for the next twelve months. | 2006-02-25 | |
| BUY | 28.000 | Michele Robitaille | Will continue to benefit from the activities in the oil patch. About two thirds of their business is involved in oil patch activities. Just made a very good acquisition. Expanding into the industrial area in Ontario. | 2005-12-19 | |
| TOP PICK | 19.750 | David Baskin | All 3 picks tonight are income trusts as the sector has been massively oversold. With the government's white paper, the stopping of getting legal opinions and the fear of rising interest rates people sold them as though they were worthless.Feels the oilfield sector has been unduly punished. Attractive yield of 9%. Good growth record. | 2005-10-24 | |
| BUY | 21.760 | David Baskin | Involved in oil waste recycling. Like all the trusts, it has been very volatile in the last 3 weeks and could remain that way until the federal government decides what it wants to do on trusts. A good way to play the oil field withou too much commodity risk. | 2005-10-06 | |
| HOLD | 22.750 | Dean Orrico | A good play on the oil service sector and a lower risk way to play this sector, because they also have an industrial waste management business. Gone along sideways for awhile. Management has done a decent job. Would like to see them make some acquisitions. | 2005-09-30 | |
| BUY on WEAKNESS | 23.840 | Michele Robitaille | Focused on oil field/industrial waste removal promarily in western Canada. Very strong company and the outlook for it is quite good. Will also benefit from the fact that Q2 was quite soft due to the weather. Good history of employing their money well through good acquisitions. Look to buy on any pull back. | 2005-09-16 | |
| BUY | 24.050 | Greg Guichon | In a very nice niche in oil, used oil and clean up oil in western Canada. The strong B.C. markets in forestry and oil/gas has been a great boon. May have gotten ahead of itself, but on a going forward basis it's a very good growth trust | 2005-09-09 | |
| WEAK BUY | 24.260 | John Stephenson | Sort of a play on the oil and gas sector. 70% of their growth is reprocessing waste fuel. Have been a litle flat. | 2005-07-27 | |
| BUY | 22.300 | Robert Lauzon | Hasn't come through with an accretive acquisition in the last little while which is what the market has been expecting. Believes there's growth in this story. Tied to the oil/gas industry. | 2005-06-17 | |
| BUY | 22.500 | Michele Robitaille | Focused on waste management services for the oil sector. Growth outlook is quite good. Have been able to get some good success in rolling out their centrifuges on an independent basis. 4th quarter numbers were relatively soft which created a little volatility. Long term, it's a good name. Expects continued weakness. Good place to step in. | 2005-04-15 | |
| BUY | 21.630 | Greg Guichon | In the waste/clean up part of oil/gas. More of a utility play rather than a growth one. The correction that's been taking place is in sympathy for falling oil prices. A good opportunity to buy. Good management. | 2004-12-03 | |
| BUY | 21.540 | Garth Jestley | Would suggest CCS or this trust for a more stable play in energies without the exposure to commodities. Has an excellent record of growing distributable cash flow. Has growth. | 2004-10-29 | |
| BUY | 18.520 | Dean Orrico | With a 60% payout ratio, low debt, strong management and a fragmented industry, it is well positioned. | 2004-05-05 | |
| BUY | 19.100 | Allan Meyer | Great company. Distribution is about 50/60% allowing them to keep cash for expansion. Yield is about 8%. | 2004-04-12 | |
| HOLD | 19.850 | Glenn Paradis, BA, CFA | Has had some very good numbers. A lot of the easy money has been made. Decent valuation, but not a screaming buy. | 2004-03-18 | |
| DON'T BUY | 10.000 | Ben Cheng | Manulife owns a significant proportion, external manager. Investers are disappointed. High yield. Not impressed. | 2004-02-05 | |
| BUY | 16.240 | David Baskin | Although the stock has gone up, it is still pretty good. | 2004-01-07 | |
| HOLD | 14.170 | Garth Jestley | A good story, getting better. Had terrific earnings. An excellent 10-year track record. Slowly expanding into Eastern Canada. Might have consolidation or a check back at this point. | 2003-11-07 | |
| PAST TOP PICK | 12.780 | Sandy McIntyre | (Was at top pick June 19/03.Up 33.5%.) Still like it. | 2003-08-25 | |
| BUY | 9.800 | Dean Orrico | Looking at this. Likes it. Solid management. | 2003-06-25 | |
| TOP PICK | 9.850 | Sandy McIntyre | A way of playing growth in the production of oil and gas. | 2003-06-19 | |
| DON'T BUY | 9.000 | Glenn Paradis, BA, CFA | Not a fan. May drop with oil prices. | 2003-05-01 | |
Experts that have talked about Newalta Income Fund
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