STOCKCHASE

32.230

(A Top Pick Aug 7/09. Up 33.5%.) Originally bought as a dividend stock, but new management is getting their act together and will become much more competitive. Increased dividends twice in the last 6 to 9 months and expects this to continue.

2010-08-06

TOP PICK

Power Corp

POW-T

26.980

A diversified international holding company, including Great West Life (GWO-T), Canada Life and Investors Group (IGM-T). Dividends are quite safe. Great West is doing better than the other lifecos.

2010-08-06

TOP PICK

0.020

BMG Bullion Fund. Gives you platinum, silver and gold in equal parts. Relatively low cost. Thinks gold is in too much in the spotlight at times and is being manipulated at times, while platinum and silver tend to be more stable. A way to play inflation, commodities, etc.

2010-08-06

PAST TOP PICK

37.850

(A Top Pick Aug 7/09. Up almost 5%.) The kind of service that is going to be used globally. An opportunity to get into a true Canadian multinational. Expecting good earnings growth.

2010-08-06

PAST TOP PICK

25.670

(A Top Pick Aug 7/09. Down 18.2%.) Liked it for the yield but this is a time when yield did not count for much.

2010-08-06

HOLD

Uranium Participation Corp.

22.220

Probably too over enthusiastic at the beginning so original hype has worn off and it is now back to normal. Drilling almost as many wells in the Cardium area as they are in the Bakkens. 4% dividend.

2010-08-06

SELL

Biovail Corp.

BVF-T

23.050

Has just gone through a merger and has gone up quite sharply. Not sure what the company coming out of this looks like so he has been taking profits.

2010-08-06

DON'T BUY

U-T

0.620

He is cautious on uranium. Uranium prices have been showing little sign of life these days but he doesn't see a lot going on there. Fairly risky.

2010-08-06

HOLD

Home Capital Group

HCG-T

43.930

Mortgage lender specializing in self employed, immigrants, etc. outside of urban centres. 1.4% yield.

2010-08-06

BUY

Yamana Gold Inc.

YRI-T

10.240

Had a nice little kick today because they actually started paying a dividend. Have some good prospects. Trades very easily. At the low end of its range and he can see it getting to $13-$14.

2010-08-06

Comment

Petrobank Energy and Resources

PBG-T

41.790

Has controlling interest in Petrobakken Energy (PBN-T) as well as Petrominerales (PMG-T), which hasn't been doing that well. as well as a white sands/oil sands project and THAI oil sands technology. Jury is out on the THAI technology and stock has shown some weakness.

2010-08-06

BUY

Research In Motion

RIM-T

54.930

Very volatile. Has gone through a rough patch. Brought out a new phone, which he thinks will be very popular. Some countries are threatening to shut them down. Thinks this will get worked out.

2010-08-06

BUY on WEAKNESS

Agrium

AGU-T

68.260

Numbers are starting to come in on the fertilizer side and the demand is up. Expect the stock will continue to run from here.

2010-08-06

HOLD

Inter Pipeline Fund

IPL.UN-T

12.900

As it approaches $13, he expects some resistance. Announced a long-term contract tied into the tar sands. Good dividend that is unlikely to be cut.

2010-08-06

HOLD

Manulife Financial

MFC-T

14.030

Feels it is bottoming. The pressure has to be on for them to hold the dividend. Pretty good yield. Have some Far East exposure.

2010-08-06

BUY

Thompson Creek Metals

TCM-T

10.090

Showing signs of life. Molybdenum side is tricky but is something you have to get in at some point.

2010-08-06

HOLD

Manitoba Telecom Services

MBT-T

24.980

Surprised that they had cut their dividend this year but you are still getting 6%. Doubt if they will cut it again. Likes their Allstream holding.

2010-08-06

HOLD

Teck Resources Ltd. (B)

TCK.B-T

35.590

Coal side is really coming on. Well managed company. Wouldn't be surprised to see them picking off some of the other smaller companies. Pays a dividend.

2010-08-06

DON'T BUY

Petrominerales Ltd.

PMG-T

29.120

A little concerned that numbers haven't been that great recently. Good dividend. Would prefer Pacific Rubiales (PRE-T).

2010-08-06

HOLD

Enerplus Resources Fund

ERF.UN-T

23.770

Not been a favourite of his for some time but they have new management now and multiples look relatively cheap. Good properties and have been making some good moves. 9% yield.

2010-08-06

BUY

Brookfield Properties

BPO-T

14.880

Have had a fairly major change in strategy. For years they had residential properties in their portfolios but now will be moved into another entity. With the funds they get from this they will buy a whole bunch of properties in major cities in Australia. Likes the move.

2010-08-06

HOLD

Sunlife Financial

SLF-T

27.250

Suffering the same problem that Manulife (MFC-T) has underlined. Have low interest rates products that require bonds, by law, to be behind them and they are being squeezed. Good yield.

2010-08-06

BUY

Transalta Corp

TA-T

21.160

This is a stock that you like to have as a core stock in portfolios, particularly where you are interested in a steady flow of income. A utility so won't go racing up. Dividend is quite safe.

2010-08-06

N/A

0.020

Some people are totally tied up with the idea of economic disaster. Corporations have fantastic balance sheets with lots of money. Governments are the ones in trouble. Feels safer in buying dividend-paying stocks than European debt. People are saying that all stocks should be thrown in the waste paper basket. The US has problems and it will impinge on our growth in the future. Doesn’t believe in the double dip, even in the US.

2010-07-22

HOLD

Canadian Tire Corporation Ltd

22.980

One of his picks tonight is CPG. Started out very popular and then missed some of their production objectives. Moved to another section (Cardium). Wet Spring. Properties are not quite as good as CPG. Stock is oversold.

2010-07-22

WEAK BUY

Bombardier Inc (B)

BBD.B-T

4.850

The ‘A’ has 10 votes, the ‘B’ has one. Many fewer ‘A’ shares than ‘B’. ‘B’ is much more liquid. ‘C’ series is quite critical to their business.

2010-07-22

WAIT

Norbord Inc.

NBD-T

12.640

Is the preeminent producer of strand-board. Most efficient plants. Nobody is building much, but the hurricanes give them a little lift. Within 2-3 years, US house building will be back. Well-managed, good plants, but you might have to wait a while.

2010-07-22

HOLD

Royal Bank

RY-T

52.000

Banks in general didn’t do that well today, but this one was flat. Didn’t have that great a result recently. Is recommending a different bank today. If you want to hold it for the long term you will do fine.

2010-07-22

WEAK BUY

CTC-T

64.850

Doesn’t like the retail area at this time. Has a concern about slowing. He has always shopped here. Are forever bringing in new products.

2010-07-22

BUY

Research In Motion

RIM-T

56.670

Stock that people love to hate. He is nibbling at it. Is a preeminent stock. Once they bring out their new products we may see a run. Good time to buy.

2010-07-22

PAST TOP PICK

31.790

(Top Pick Aug 7/09, Up 32% Total Return) Core holding. Not adding to it. It is not that exciting any more. Would sell at $35.

2010-07-22

PAST TOP PICK

38.740

(Top Pick Aug 7/09, Up 8%) Earnings have come on and the multiple has come down. Reasonable growth potential.

2010-07-22

PAST TOP PICK

Manitoba Telecom Services

26.500

(Top Pick Aug 7/09, Down 13%) But it had a nice healthy dividend. It was cut in half but he hopes they will re-instate it. Hopes they will continue to spin off some of their offshore assets to give the stock a bit of a boost.

2010-07-22

BUY

Inter Pipeline Fund

IPL.UN-T

12.510

Long term contracts. Will convert to a corp, but should be able to hold their payout.

2010-07-22

BUY on WEAKNESS

Baytex Energy Trust

BTE.UN-T

34.150

Heavy oil. Distribution is not that great. Buy in the $31 range.

2010-07-22

BUY

Bell Aliant

BA.UN-T

26.120

Probably will be a cut in the payout. Wait until they convert and see what happens.

2010-07-22

HOLD

Russel Metals

RUS-T

19.290

Handled themselves very well. The auto sector is not at important to them as you would think. They will kick up their dividend as soon as they are able.

2010-07-22

BUY

Fairfax Financial

FFH-T

411.990

New issue of preferred just this week and he bought some of that. No concern about credit.

2010-07-22

BUY

Teck Resources Ltd. (B)

TCK.B-T

36.420

After peaking, has come off quite dramatically. Chinese are back buying again and inventories are down. Major exporter.

2010-07-22

BUY

Canadian National R.R.

CNR-T

63.700

It is an economy stock. Is not a bad buy on a longer-term basis. Probably better than CP right now.

2010-07-22

BUY

Fortis Inc.

FTS-T

28.730

One of his core holdings. Yield is not that exciting but they have a growth profile. Just holds on to it. Pretty good about increasing the dividend.

2010-07-22

HOLD

Penn West Energy Trust

PWT.UN-T

20.500

Have huge land holdings. Will either sell some off or get taken out. May not be able to maintain payout when they go corporate.

2010-07-22

DON'T BUY

Manulife Financial

MFC-T

15.290

His concern is that there may be something in the woodwork that we still don’t know about.

2010-07-22

BUY

MBT-T

27.870

An analyst came out and broadcast that they were borrowing to pay their dividend so it dropped in May. Company said there will be no cut in the dividend until 2011. Allstream has been a bit of a black hole.

2010-07-22

TOP PICK

Bank of Nova Scotia

BNS-T

50.180

A bank with the right international program. Now going into Chile. Good solid business with excellent growth prospects. One of the more conservative banks.

2010-07-22

TOP PICK

Crescent Point Energy Corp

CPG-T

37.440

7% yield, was a trust. They’ve been adding assets. Have been hitting their production objectives.

2010-07-22

TOP PICK

NAL Oil & Gas Trust

NAE.UN-T

11.010

Quite a good yield (10%). Balance between oil and gas. Hit their production levels.

2010-07-22

N/A

First Uranium Corporation

0.020

It seems that Fridays are particularly perilous. It seems 100-point moves don’t count any more. You can’t tell – by closing today be could be back to flat. You might not want to jump on one jobs number. People were expecting a great number and got a mediocre number. It’s the non-senses numbers that really count in the US job numbers. You should not ignore the good news – Canadian job numbers. Hungary is a small impact on Europe. It’s an indication that there’s work to be done. Hungary is going to need funds. You want to catch a good market day to do any selling. He is mostly adding a little bit on the bottom in this market. Negative on the gassy oils but starting to change his mind. Focuses on dividends and sells off a bit of low yield stocks.

2010-06-04

HOLD

Canadian Oil Sands Trust

COS.UN-T

27.740

Trade out to get better capital gains elsewhere, but it yields well. They have been doing some financing through follow-throughs, which makes them think you are not going to see any increase in dividend. But you are probably safe. Hold it for income. Capital gain is 4-6 months.

2010-06-04

DON'T BUY

FIU-T

1.100

Came out with a fair amount of fan fair. The price of Uranium is doing nothing. It’s a long-term hold. You are not going to get a huge amount of action in the short term. We have decommissioning of more nuclear weapons that that adds another uncertainty. Mexico [gulf oil problem] has not lifted Uranium.

2010-06-04

HOLD

Ensign Resource Service Group

ESI-T

13.000

He detected what could be a turn. We have passed the worst part. It will have a positive impact on drilling. The stocks are just starting to react to that. He is thinking of adding to oil drilling stocks at this point.

2010-06-04

BUY

Agrium

AGU-T

54.670

Considered a growth stock. He peeled a little off a while ago. He is looking at adding to his positions at this point. There was less fertilizer used this past year. You can get away with not adding fertilizer for one year but then yields go down and you can’t skip the next year. Fertilizer market has been in the dumps. He feels we are at the bottom of the fertilizer model.

2010-06-04

BUY

23.320

Results haven’t been that great. Production has failed to reach some objectives. It is reasonably price now. Have been acquiring some new assets. They haven’t been tested thoroughly and there is some questionable about what production they will get you if it. It has broken it’s downtrend.

2010-06-04

BUY

Encana Corp

ECA-T

34.760

Slight bull on Nat Gas and this is about as good a name as you can pick.

2010-06-04

SELL

Chinook Energy Inc

CKE-T

1.630

It’s a sad situation because they were excellent operators. Good management by they got caught on the wrong side of the street.

2010-06-04

TOP PICK

Power Corp

POW-T

26.800

Higher yield. Significant international financial assets. Booze, Oil and Cement. You can’t miss. He dithered back and forth about whether it would be POW or a subsidiary. You get a nice mix of lifecos. You go down through Power and they are all down there.

2010-06-04

TOP PICK

Bank of Nova Scotia

BNS-T

49.230

Liked it for quite a while. It seems like somewhat of a plodder, but they have the Caribbean exposure. They are not doing that well in the offshore but they will because this is where the growth is.

2010-06-04

TOP PICK

Transalta Corp

TA-T

20.600

It has technically been a bit of a disaster for a while. This is a company that shows itself willing to hang in on the dividend. Biggest risk is the Canadian Economy.

2010-06-04

PAST TOP PICK

36.980

(Top Pick Jun 5/09, Up 11.06%)

2010-06-04

PAST TOP PICK

31.550

(Top Pick Jun 5/09, Up 34.64%)

2010-06-04

PAST TOP PICK

Crescent Point Energy Corp

26.040

(Top Pick Jun 5/09, Down 19.97%) Has some regrets. Promise of spinning off south China sea assets is still there.

2010-06-04

TOP PICK

Inter Pipeline Fund

IPL.UN-T

11.260

Pipelines. Will have to convert to a common stock but have indicated they will maintain their payout. Payout ratio is only 70%. Very tied into the heavy oil industry.

2010-05-07

TOP PICK

Baytex Energy Trust

BTE.UN-T

31.190

Expert in heavy oil production through the drill bit. Mainly in Theo Alberta.

2010-05-07

TOP PICK

CPG-T

40.840

87% oil. This was a trust and they carried the yield (almost 7%) over when they converted. A primary developer in the Bakken field. Have a huge land spread.

2010-05-07

WAIT

Toronto Dominion

TD-T

71.920

Banks are good for a long-term investment. There was a correction late January/early February and the TSX bounced off the 200 day moving average at least twice. He would wait to see if it is going to bounce again. If it breaks through then it will gather some downside momentum. Too early.

2010-05-07

BUY

Enbridge

ENB-T

48.590

Pipeline business is quasi-utility. In the process of putting the throughput through their new pipeline. There's been a bit of a fight over what they are charging. Likes this because it is a long-term growth situation and pays a reasonable dividend.

2010-05-07

SELL

Talisman Energy

TLM-T

16.790

Sold all of his holdings in the last 3 weeks. Likes the new management, which has a good long-term plan but it is gas oriented and he has become a Bear on gas and gas prices. Going for the unconventional gas and doing an excellent job and just acquired some more shale properties but it is going to take a while.

2010-05-07

DON'T BUY

Brookfield Properties

BPO-T

15.410

For a long-term hold, this is one of the better managements in the real estate space, particularly commercial. Not adding to his holdings because of the retail/commercial sector and their properties in the US.

2010-05-07

PAST TOP PICK

37.740

(A Top Pick June 5/09. Up 9.4% excluding yield.) Think they have a winning combination in terms of Reuters and Thomson merger. You can use as a trade by selling it at $37-$38 and buying back at $34. Still a Hold.

2010-05-07

PAST TOP PICK

30.500

(A Top Pick June 5/09. Up 22.7% excluding dividends.) If it goes up to $35 he will probably take some profits. Buying for yield.

2010-05-07

PAST TOP PICK

Potash Corp of Saskatchewan

26.740

(A Top Pick June 5/09. Down 22.4% excluding dividends.) Still a Hold.

2010-05-07

BUY

Agrium

AGU-T

60.090

Long-term prospects are excellent. A market trading Stock, so you have to be nimble. Good for a long-term hold but extremely volatile. Prices look like they are starting to firm up.

2010-05-07

Comment

POT-T

104.540

Prefers Agrium (AGU-T), which is more diversified. This is a seasonally weak period. Stocks have been run down globally. The product will be in demand next year and the year after.

2010-05-07

HOLD

Penn West Energy Trust

PWT.UN-T

18.580

Have an enormous spread of land with the idea that someone will perhaps take them out. Numbers haven't been that great lately. Expected to cut the pay out when they convert to a corp. Wait for that point before buying. Generous yield of around 11%.

2010-05-07

DON'T BUY

Manulife Financial

MFC-T

18.130

Was ready to buy back in when they cut the dividend. There is a lack of confidence in management in terms of are they going to do what they say are going to do. Very low yield. Prefers Power Financial (PWF-T).

2010-05-07

BUY

Hudbay Minerals Inc.

HBM-T

10.770

Have about $5-$6 in cash and are in a good commodity section. Have come up with some big fines and have lots of ore to dig out of the ground. Prime takeover candidate.

2010-05-07

Comment

Sherritt International Corp.

26.240

Got overpriced when the market got a little over enthused about some of their extraction processes and some of the takeovers they had made. Yield of 3.6%. His preference in this area is Crescent Point with its yield of almost 7%. (See Top Picks).

2010-05-07

BUY

Canadian Oil Sands Trust

COS.UN-T

28.450

Has a lower yield than what you can get in other oil/gas stocks. Expect the price of oil will go back up. This is giving you long-term assets and expects they will increase their pay out again.

2010-05-07

HOLD

Goldcorp Inc

G-T

44.530

Has taken some money off the table on this one. Gold was up today but gold stocks were generally off. This indicates margin calls so people were selling their gold stocks that had made a profit. (He holds 10%+ in gold.)

2010-05-07

HOLD

Yamana Gold Inc.

YRI-T

11.070

(Market Call Minute.) People are unhappy with this one but he thinks they are wrong. Anything under $10 is a Buy and over $14 is a Sell.

2010-05-07

DON'T BUY

S-T

6.980

(Market Call Minute.) Sold his holdings. Madagascar project is sort of limping along. Technicals on the stock looked terrible.

2010-05-07

SELL

Cameco Corporation

CCO-T

24.600

(Market Call Minute.) Not much yield, uranium price has been doing nothing and is pretty much dead money. Buy it back at a later time.

2010-05-07

SELL

Claymore Natural Gas Commodity ETF

GAS-T

3.860

Natural gas ETF. He does not expect gas to go back up. Recent storage numbers indicated a draw down but injections are going to start relatively soon and we’ll be back into the excess storage situation again.

2010-03-19

BUY on WEAKNESS

Bell Aliant

BA.UN-T

25.890

Good yield. There is concern that there will be a cut in the payout when it gets closer to the conversion date but part of it is priced in. If it should drop because of a price cut, he would add to his position. On a 25%-30% cut you still have a reasonable yield.

2010-03-19

HOLD

Bombardier Inc (B)

BBD.B-T

5.870

Have been making some pretty spectacular deals over the last couple of months. Not a bad longer-term buy. If it got near $7-$8 he would start edging out of the stock.

2010-03-19

Comment

Cenovus Energy

CVE-T

25.360

On a longer-term basis, the tar sands is a less risky side of the business than the gas side and is a good distance away from this company.

2010-03-19

DON'T BUY

Cameco Corporation

CCO-T

28.060

Too much risk because of Cigar Lake and that the company has failed to address this risk in the past. Also, the price of uranium isn't doing much for anyone.

2010-03-19

Comment

Chinook Energy Inc

CKE-T

1.550

This company will definitely get sold and the deadline has been extended to April 10. Good company, good properties and great management. They are gassy and are too small to take advantage of some of the good properties that they have. Hoping the sale price will be north of $2.

2010-03-19

WEAK BUY

Ford Motor

F-N

13.290

He has been avoiding large US stocks because of the currency exchange rates. Could be getting towards the top of the range so he may start looking at them again. This company has done a fantastic job of weathering the storm. Sales are excellent.

2010-03-19

DON'T BUY

General Electric

GE-N

18.070

International conglomerate. Hard company to analyze because they have so many divisions. Still concerned about the GE capital side. Has been avoiding large US stocks because of the currency exchange rates.

2010-03-19

BUY

Crescent Point Energy Corp

0.020

Canadian banks? Some look reasonably priced and are back at levels they where except for Bank of Montreal (BMO-T) and Commerce (CM-T). If a long-term investor, you could step into them, especially BMO and Commerce, which have some pretty good yields.

2010-03-19

Comment

Shoppers Drug Mart Corp

SC-T

44.500

Great company. Have been concerns at various times that a US big chain would come into Canada to compete. They run great stores and have a good cash flow. Stock is not moving because of a probable multiple correction. At some time, the multiple will get down to a point where it will be a Buy.

2010-03-19

TOP PICK

CPG-T

38.950

Most of its production is in oil. In the new Bakken area in Saskatchewan. Good operators. Yield is close to 7%.

2010-03-19

TOP PICK

NAL Oil & Gas Trust

NAE.UN-T

13.290

Good operator, mainly oil. Some nice older plays that with new technology could really come on. Good production and lots of drilling locations. Yield of just under 8% that doesn't look like it will have to be cut on conversion.

2010-03-19

TOP PICK

Manitoba Telecom Services

MBT-T

31.600

A risk with this is that the 8.25% dividend will be cut but this may be built into the stock price. Have Allstream, which may be a bit of an anchor around their necks but they seem to be getting more active in Toronto. He could see them selling Allstream.

2010-03-19

PAST TOP PICK

30.370

(A Top Pick March 9/09. Up 35.9%.)

2010-03-19

PAST TOP PICK

Arc Energy Trust

AET.UN-T

21.370

(A Top Pick March 9/09. Up 95.87%.)

2010-03-19

PAST TOP PICK

27.880

(A Top Pick March 9/09. Up 8.55%.) Getting a little bit tired of this one. Good dividend.

2010-03-19

PAST TOP PICK