STOCKCHASE

39.390

Believes anywhere up to 10% in gold in a portfolio. This one has come off quite nicely and you could add at this time.

2010-01-21

HOLD

Suncor Energy Inc

SU-T

35.770

Has 20% or more of energy stocks but a chunk of that is oil income trusts. 7%-9% of regular energy stocks. Waiting to see how things work out with the Petrocan merger. Also a little less positive on the tar sands side of the business.

2010-01-21

Comment

Cenovus Energy

CVE-T

25.440

One of the better producers per barrel in the oil sands. Not a bad one if you like heavy oil. He is not a fan of heavy oil.

2010-01-21

HOLD

Toronto Dominion

TD-T

62.110

One of his favourite banks. Recently took some profits because of his bank weightings and concerns about the US holdings.

2010-01-21

DON'T BUY

Brookfield Properties

BPO-T

12.870

A little concerned about their commercial properties. There are probably safer sectors in real estate.

2010-01-21

Comment

Bombardier Inc (B)

BBD.B-T

5.100

Takeover target? Dual class shares so doesn't see a takeover. Has recently been looking at this. Owns the preferreds. If he saw the airline side starting to perk up, he would be more interested.

2010-01-21

HOLD

Penn West Energy Trust

PWT.UN-T

18.230

Had been a huge disappointment as it had come down significantly from its highs. Have recently added to his position. Have fantastic landholdings. Has a number of “heritage” landholdings which can be subject to improve recovery techniques.

2010-01-21

TOP PICK

NAL Oil & Gas Trust

NAE.UN-T

13.890

Very well managed. Great arrangements with Manulife (MFC-T), which allows them to get into larger deals. Have a lot of “heritage” fields that will be able to use improved recovery techniques. New good drilling going on.

2010-01-21

TOP PICK

A Comment -- General Comments From an Expert

39.040

Very well managed. Into the Bakken fields, an area that is really opening up because of the new technology, multiple frac and good quality oil.

2010-01-21

TOP PICK

A Commentary

0.020

BMG Bullion Fund. Open ended mutual fund. Unique in that it is not only gold but is gold, silver and platinum, one-third each.

2010-01-21

PAST TOP PICK

27.540

(A Top Pick Jan 23/09. Up 18.34%.)

2010-01-21

PAST TOP PICK

20.240

(A Top Pick Jan 23/09. Up 39.86%.) Still buys on weakness.

2010-01-21

PAST TOP PICK

27.840

(A Top Pick Jan 23/09. Up 1.73%.)

2010-01-21

TOP PICK

40.520

Every portfolio should have a gold stock as a little bit of insurance. This one has 14 producing or near producing mines. Looking at substantial growth over the next 5 years. Well run.

2009-12-21

TOP PICK

28.130

Good dividend paying stock. Largest telco in Canada. Could make further acquisitions. New management is pointed in the right direction. Likes the yield, which has just been increased and is safe.

2009-12-21

TOP PICK

NAL Oil & Gas Trust

NAE.UN-T

13.640

Closely associated with ManuLife (MFC-T) through partnerships. Excellent yield of almost 8%. 5 year drilling inventory. Have some older assets that could really benefit from new technology.

2009-12-21

PAST TOP PICK

20.280

(A Top Pick Dec 5/08. Up 32.98% plus distributions.) Too much gas. He is negative on the gas side but this is one of the better operators. Still a Hold.

2009-12-21

PAST TOP PICK

Manitoba Telecom Services

29.220

(A Top Pick Dec 5/08. Up 5.7% plus dividends.) Some of the recent results have been disappointing. Having a hard time holding their production level and things seem to have gone quiet in there far Eastern drilling.

2009-12-21

PAST TOP PICK

MBT-T

33.690

(A Top Pick Dec 5/08. Down 13.9% excluding dividends.) Likes it because of the dividend. Still a Buy.

2009-12-21

BUY

Sherritt International Corp.

39.500

Was an income trust but 7% yield has been maintained. Extremely active in acquiring Saskatchewan land and developing the Bakken plays. New drilling techniques are helping and he can see quite a good growth. Right now stock seems to be caught in the $39-$40 range and may rest here for a while. Will move higher on a long-term basis.

2009-12-21

HOLD

S-T

6.160

Good company but they have a huge Madagascar nickel project where the politics are questionable and he would like to see more clarity on this. Also nickel prices have slackened. Also have a huge coal aspect, which he likes.

2009-12-21

BUY

PetroBakken Energy

PBN-T

32.310

Have interests in the Bakken play in Saskatchewan. Should do quite well. Prefers Crescent Point (CPG-T) because of the dividend. Using new drilling techniques, which are very successful.

2009-12-21

BUY on WEAKNESS

Claymore Natural Gas Commodity ETF

12.560

The recent drop-off could be attributed to tax loss selling and it could take a nice jump. Came up with some new drill results in Manitoba and looks like they have a mineable deposit. Have a lot of cash. He would consider buying more if there is more tax loss selling.

2009-12-21

WATCH

Manulife Financial

MFC-T

18.950

The problem he has is an investment manager is that the company blindsided him on 2 occasions. They are sitting on a lot of money. If they moved out and made a good acquisition then he would look more kindly on them.

2009-12-21

HOLD

Cott Corp

BCB-T

9.000

The business they are in is extremely competitive and they have shown themselves, at various times, to be able to handle this. Canadian retail area is improving.

2009-12-21

HOLD

MagIndustries Corp.

MAA-T

0.460

Huge potash deposits in the Congo (not the DRC) that they are in the process of trying to develop. Got caught just as financial markets fell apart so the shares suffered significantly. Chinese have been talking to them since April.

2009-12-21

Comment

Penn West Energy Trust

PWT.UN-T

18.660

Has been a disappointment. The positive is their huge oil/gas land position. Unless they raise more capital or sell more assets, they are a little tight and he is concerned about distributions.

2009-12-21

DON'T BUY

GAS-T

5.640

Natural gas ETF. Unless you are extremely nimble, such as a day trader, this is a hard way to make money as an investor.

2009-12-21

BUY on WEAKNESS

Yamana Gold Inc.

YRI-T

11.920

A very volatile stock. If it sold off much more from here he would probably add to his holdings. If you like gold, this is a stock that will move. Good company.

2009-12-21

HOLD

Teck Resources Ltd. (B)

TCK.B-T

39.480

He took some profits on the way up but is holding his position. Great assets. In the long run, the coal assets are going to pay off. Also have sync. Tidied up their portfolio. Finances looked solid. Have a relationship with China, which should pay off.

2009-12-21

HOLD

Freehold Royalty Trust

FRU.UN-T

14.970

Not a typical income trust in that they are being paid to hold particular properties. The whole idea is to farm out as much as they can. Overall assets are good. Probably in better shape than other income trusts regarding conversion.

2009-12-21

DON'T BUY

Consumers Waterheater Fund

CWI.UN-T

4.030

Not his favourite. European technology of coiled heated water has eliminated water heaters in Europe. It's only a matter of time before Canadians start converting. Long-term prospects are in question.

2009-12-21

Comment

Bank of Nova Scotia

BNS-T

48.170

Bank of Montreal (BMO-T) versus Bank of Nova Scotia (BNS-T)? He would rank Scotia above BMO because it has better growth prospects. Have operations in Canada, Central America and South America.

2009-12-21

Comment

Bank of Montreal

BMO-T

54.170

Bank of Montreal (BMO-T) versus Bank of Nova Scotia (BNS-T)? He would rank Scotia above BMO because it has better growth prospects. However, this is one of the most improved banks in Canada. Excellent dividend.

2009-12-21

Comment

Shoppers Drug Mart Corp

SC-T

43.750

Had long-term concerns about some US drug chains coming into Canada. Extremely well run. Excellent penetration in the pharmaceutical area. Have cosmetics. Excellent locations and stay open late. Concerns about pressure from the Ontario government on the prescription side. If you want growth, consider selling.

2009-12-21

TOP PICK

39.780

Low-cost producer at $365 an ounce. Big growth potential. In geographically safe areas.

2009-10-30

TOP PICK

25.890

Good dividend of which he thinks will be maintained regardless. More aggressive management.

2009-10-30

TOP PICK

36.800

7.5% dividend. Excellent management. Had no trouble raising $500 million through an equity issue.

2009-10-30

DON'T BUY

Canadian Oil Sands Trust

COS.UN-T

29.180

Not a super fan of this one. Vulnerable when the market starts to sell off. US legislation poses a potential problem for any oil sands producer.

2009-10-30

BUY on WEAKNESS

Trinidad Drilling

TDG-T

7.070

Going to survive. All the drillers are going through rough times. This one has the most up-to-date, modern fleet. Will be up and running on the next up cycle. 2.8% yield. Try to buy at $6.50 or closer to $6.

2009-10-30

DON'T BUY

Loblaw Companies Ltd

L-T

29.860

Dividend is well covered. Stock price has been trending down.

2009-10-30

Comment

Shaw Communication (B)

SJR.B-T

19.250

Pretty good yield of 4.3%. Like the job they do in the West where they're very popular. Hoped they would get into wireless. Bought the licenses but looks like they may just be holding them to sell to someone else.

2009-10-30

BUY on WEAKNESS

Agrium

AGU-T

50.340

Potash prices have been volatile. Problems with Chinese not signing contracts and Russians selling cheap to India. This one has a broader product base than potash. Next 2 years, fertilizer sales will be significantly up. Would add to it under $50 and in the high $40s.

2009-10-30

SELL

Bank of Montreal

BMO-T

50.060

All of the Canadian banks are looking tired. Had a big run up off the bottom. He has been taking profits.

2009-10-30

PAST TOP PICK

Manitoba Telecom Services

19.510

(A Top Pick Oct 31/08. Up 17%.) Good management. Still likes. A little big gassy.

2009-10-30

PAST TOP PICK

MBT-T

31.410

(A Top Pick Oct 31/08. Down 20%.) 8.3% yield. Company came out with a little concern about future earnings.

2009-10-30

PAST TOP PICK

28.500

(A Top Pick Oct 31/08. Down 21.9%.) Becoming an under performer. Having a hard look at this one.

2009-10-30

DON'T BUY

Breakwater Resources

BWR-T

0.385

Zinc area has improved. This stock got carried away in the past and he doesn't think it will get to its old highs. Would rather own Teck Resources (TCK.B-T).

2009-10-30

WATCH

Shoppers Drug Mart Corp

SC-T

42.990

Runs a great operation. Some doubt has crept in to some people’s minds. Noises from provincial government about cutting back margins. This Christmas will be a good test of their new strategies.

2009-10-30

Comment

Teck Resources Ltd. (B)

TCK.B-T

31.410

Good commodity diversification. Has been lightening up positions as it moved up through the mid-$20 and into the low $30’s. Could correct down another 5 points or so and then he would buy it back.

2009-10-30

BUY

L-3 Communications Holdings

14.010

Came up with some significant new discoveries in Manitoba. Could be a takeout. Well run and has a lot of money in the bank.

2009-10-30

PARTIAL SELL

Manulife Financial

MFC-T

20.300

Problem with the lifecos in that they have a fair amount of business being done in the equity market through mutual fund sales. If equity markets come under pressure this will hit their earnings. He is lessening his holdings.

2009-10-30

Comment

Canadian National R.R.

CNR-T

52.300

Management is talking about increasing dividends or doing a share buyback. Either one of these would be positive for the stock. Railroads are economy stocks and will go the same as the economy and he doesn't think we are totally out of the woods. Extremely well managed railroad.

2009-10-30

DON'T BUY

Denison Mines Corp

DML-T

1.650

Significant speculation about uranium prices a year or so ago and price dropped since then. Now seem to have turned a corner but is still early in the game. Price needs to be in the $80-$90 range.

2009-10-30

DON'T BUY

Research In Motion

RIM-T

63.820

Multiple is down to 15 times and is looking more attractive. Unique product. There is a lot of new competition with iPhones but none of them quite meet RIM’s standards. Technically has just broken down so not a stock that you want to jump into.

2009-10-30

SELL

Agnico-Eagle Mines

AEM-T

57.600

(Market Call Minute.) Recent numbers were not good.

2009-10-30

BUY

Progress Energy Inc.

PGN-N

37.530

(Market Call Minute.) If you like gas, it is a Buy.

2009-10-30

WAIT

Encana Corp

ECA-T

60.000

(Market Call Minute.) Wait until after the company splits.

2009-10-30

BUY

Iamgold Corp

IMG-T

14.350

(Market Call Minute.) Likes all of the golds.

2009-10-30

DON'T BUY

Uranium One Inc.

UUU-T

3.070

(Market Call Minute.) He owns the debentures but wouldn't buy the stock.

2009-10-30

DON'T BUY

LLL-N

72.290

(Market Call Minute.) Huge multiple at 46X. Americans love it but looks expensive and he wouldn't buy into a retailer in the US.

2009-10-30

TOP PICK

43.720

If gold builds a little base he can see it continuing to $1200. He sees the US$ weakening, which will strengthen gold. This could give this stock a 20% bounce.

2009-09-23

TOP PICK

26.360

New management issuing some intelligence. Over 6% yield, which is safe. Good place to park your money. Doesn't see a huge amount of earnings growth potential, he is more interested in the dividend.

2009-09-23

TOP PICK

36.950

Very aggressive dynamic management. Converted from a trust but still pays 7.5%. About 75%-80% oil. Did a big issue of shares and had a couple of takeovers. Into the Bakken play.

2009-09-23

PAST TOP PICK

30.820

(A Top Pick Sept 26/08. Down 30.32%.)

2009-09-23

PAST TOP PICK

18.570

(A Top Pick Sept 26/08. Down 16.96%.)

2009-09-23

PAST TOP PICK

Trinidad Drilling

TDG-T

6.710

(A Top Pick Sept 26/08. Down 28.59%.)

2009-09-23

BUY

Manitoba Telecom Services

11.340

Hasn't seen the news on their new discovery. Had a little pop, which may fade out. Good company. One of the few large copper/zinc producers in Canada. Well managed and making money. Could be a takeover.

2009-09-23

BUY

Research In Motion

RIM-T

92.410

Likes the company. Continues to add to its users. Getting competition but is still a pretty unique product. Good operators. Hold and maybe even an add-to.

2009-09-23

BUY

MBT-T

32.730

Great stock. Yield is good and dividend looks safe for the next couple of years. Good place to hide in these kind of markets. (See Top Picks.)

2009-09-23

HOLD

Bell Aliant

BA.UN-T

27.040

The wire line business of Bell (BCE-T). One of the better trusts to hold going into the 2011 period where trusts will have to convert. Excellent yield.

2009-09-23

DON'T BUY

Claymore Natural Gas Commodity ETF

GAS-T

5.730

Natural Gas Commodity ETF. A lot of people have lost a lot of money on ETFs. There has been a bounce in natural gas so we have probably seen the bottom but we are still not out of the shoulder season yet. If you like natural gas, consider going into a senior producer like Encana (ECA-T).

2009-09-23

BUY

Kinross Gold

K-T

23.450

Bullish on the whole gold area mainly because of the situation with the US$. Good operating gold company. Increased their dividend recently. Near its all-time high. (See Top Picks.)

2009-09-23

BUY

Power Financial Corp

PWF-T

31.390

Good yield. Likes the mix of assets that it has. Good management.

2009-09-23

BUY

Suncor Energy Inc

SU-T

38.200

Merged with PetroCanada. Hadn't been happy with the 2 individual companies but as a merged company it has the right combination of downstream gas stations and assets and there will be economy of scale as they move along. Strong presence in the tar sands.

2009-09-23

DON'T BUY

Iteration Energy

ITX-T

1.300

Small, well run gas company. Didn't hedge. Excellent positions in the Montney but is getting squeezed on the capital side. No cash flow because of low gas prices. Caught between a rock and a hard place. A gas price bounce to $6 will give them some lease in life but meantime production is probably going to fall. He is hoping for a takeover.

2009-09-23

SELL

Yellow Pages Income Fund

YLO.UN-T

5.640

You have to judge if the concept they have is going to survive. Thinks they will be under continuing pressure from the Internet.

2009-09-23

BUY

Barrick Gold

ABX-T

37.620

Everybody should have at least 10% of their portfolios in gold or gold stocks. Looks like gold is ready to break out. Likes Barrick (ABX-T), Goldcorp (G-T) and Yamana (YRI-T).

2009-08-07

BUY

Claymore Natural Gas Commodity ETF

40.320

Everybody should have at least 10% of their portfolios in gold or gold stocks. Looks like gold is ready to break out. Likes Barrick (ABX-T), Goldcorp (G-T) and Yamana (YRI-T).

2009-08-07

BUY

Yamana Gold Inc.

YRI-T

9.950

Everybody should have at least 10% of their portfolios in gold or gold stocks. Looks like gold is ready to break out. Likes Barrick (ABX-T), Goldcorp (G-T) and Yamana (YRI-T).

2009-08-07

DON'T BUY

GAS-T

6.040

Natural gas ETF. This is not a Buy on a long Put on gas, but a short one. This has led to some real problems in that you can guess right but still not make any money. His views on natural gas are negative.

2009-08-07

BUY

Potash Corp of Saskatchewan

POT-T

105.200

Thinks the bad news is already out on this stock. This is the kind of stock that long-term investors like to park their money in. Everybody he talks to are convinced that sales will improve because of food shortages on the horizon.

2009-08-07

BUY

Mobile Telesystems OJSC

MBT-N

43.320

Great dividend play, especially for taxable accounts. Manitoba has not been affected much by the economy turndown. 7.68% yield.

2009-08-07

BUY

TriStar Oil & Gas

TOG-T

13.740

Acquiring Petrobank Energy (PBG-T). Petrobank will roll out a new company called Petrobakken Energy. Shareholders will receive $3.45 in cash and about 4/10ths of a share of the new company. Numbers and technology in the Bakkens keeps getting better.

2009-08-07

BUY

8.400

Zinc and copper. Not a bad bet.

2009-08-07

BUY

Teck Resources Ltd. (B)

TCK.B-T

28.980

Largest mining company in Canada. Coal and zinc. Bought some at around $6 but has been letting some go in the last little while. Looks a little rich.

2009-08-07

Comment

Research In Motion

RIM-T

83.610

Attempting to get some of the Nortel assets. There is enough national interest in this that they will probably reopen the deal and this company will get some of the patents and they will be better for this.

2009-08-07

TOP PICK

25.460

Bought this one for the 6.36% yield. Came out with some pretty reasonable numbers and pretty reasonable forecast. Good company and management.

2009-08-07

TOP PICK

Thomson Reuters Corp

TRI-T

37.210

Multinational with the ability to work outside of North America because North America is going to have a tough time. It won't get much better until the US sorts itself out. From a technical standpoint it just broke out.

2009-08-07

TOP PICK

31.270

(A Top Pick Aug 1/08. Down 32.2%.) Integrated and it is big. Relatively oily. Have offshore assets. Good management. 3.8% yield. When the earnings come back you'll see the dividend come back.

2009-08-07

PAST TOP PICK

17.880

(A Top Pick Aug 1/08. Down 37.9%.) Gassy but still likes.

2009-08-07

Comment

MagIndustries Corp.

MAA-T

0.470

In the small Congo, not the bad Congo. Chinese are in the process of making an offer. If they Buy, the stock will move higher, if not there’s a problem..

2009-08-07

PAST TOP PICK

Iteration Energy

ITX-T

1.110

(A Top Pick Aug 1/08. Down 84.2%.) Gassy.

2009-08-07

TOP PICK

Thomson Reuters Corp

TRI-T

34.500

Reuters people in England have continued to sell the stock and that has been a real drag. Earnings and dividends are okay. He considers this a multinational stock and the world needs the kind of information systems they have. 3.7% yield.

2009-06-05

TOP PICK

24.860

Likes it under $25. New management. Good yield of about 6%.

2009-06-05

TOP PICK

34.450

Looking for $85 oil by the end of the year. This one is always a little bit under the radar. Doesn't think they are getting the benefit of their Southeast Asia operations. Good yield of 3.5%.

2009-06-05

PAST TOP PICK