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| Peter Brieger of GlobeInvestment Capital Management |
|---|
| 20 Queen Street West |
| Suite 3308 |
| Toronto ON |
| M5H 3R3 |
| 416-591-7100 |
| Peter Brieger's website |
| Fax: 416-591-7133 |
| info@globe-invest.com |
| TOP PICK | Nalco Holding Company | NLC-N | 23.680 | One of the global leaders in finding solutions for more efficient use of water, energy and helping to improve air quality. 80% of their business is renewable. Expect investors are going to start focusing on pure water plays. .6% yield. Looking for $28 in 6 months and then moving higher. | 2010-07-14 | ||
| TOP PICK | Tetra Tech Inc. | TTEK-Q | 19.350 | Environmental consulting, planning, engineering, architecture and finally building an infrastructure project. US government is their major customer. American/recovery and reinvestment act is going to spend $51 billion over the next 4 years on infrastructure and water projects. | 2010-07-14 | ||
| TOP PICK | Daylight Resources Trust | DAY-T | 8.950 | About 52% natural gas and 48% oil. Building up their land positions in their key operating areas. Have done a deal with Gear (?) Tom Wray the founder of Peyto (PEY.UN-T) so going forward it should be a very exciting company. | 2010-07-14 | ||
| PAST TOP PICK | Crescent Point Energy Corp | CPG-T | 38.200 | (A Top Pick July 23/09. Up 14.07%.) Still buying for new accounts. One of Canada's leading pure oil plays. Worked very hard to increase land positions giving them ample drilling locations for the next 10 years. | 2010-07-14 | ||
| PAST TOP PICK | Agrium | AGU-T | 59.400 | (A Top Pick July 23/09. Up 27.45%.) Still a buy. | 2010-07-14 | ||
| PAST TOP PICK | Manulife Financial | MFC-T | 15.450 | (A Top Pick July 23/09. Down 32.13%.) A fabulous value however, the track looks awful and until he sees some basing he wouldn't touch it. | 2010-07-14 | ||
| HOLD | Suncor Energy Inc | SU-T | 32.830 | A first-class company and technically one of the most competent groups, particularly in the oil sands area however, prefers Canadian Natural Resources (CNQ-T), which is substantially cheaper. | 2010-07-14 | ||
| Comment | General Electric | GE-N | 15.200 | If you are looking out 5-10 years, he likes it because of all the interesting things they are into such as water, solar, etc that represents US growth. If you are a short-term trader, you could buy it for a trade if you happen to like the market. | 2010-07-14 | ||
| BUY | Inter Pipeline Fund | IPL.UN-T | 12.420 | Partnership and don't have to convert to a corp. Bringing on 2 new pipelines from the oil sands but interestingly is their ability to increase capacity with very little incremental costs. Looking for 2%-3% modest growth a year plus yield giving a total return of 9%-12% annually. | 2010-07-14 | ||
| BUY | Research In Motion | RIM-T | 56.620 | Extraordinarily good value here at less than 10X next year's earnings. New product rumoured to be coming in December, a tablet compatible with a Dolby. Market has oversold. | 2010-07-14 | ||
| DON'T BUY | BCE Inc. | BCE-T | 31.650 | Consensus target is about $32.10 so very little potential capital gain. 5% plus yield. Increasing competition in telecoms, cable TV, etc. Will clear out any from accounts he manages. | 2010-07-14 | ||
| Comment | Trans Canada Corp | TRP-T | 35.840 | Being bedevilled in the short term by the US anti-Keystone pipeline activity and the difficulty of passing through increasing costs to the shippers. | 2010-07-14 | ||
| Comment | TSX Group | X-T | 28.310 | PE ratio is about 4%. Being hit by competition but longer term, as the world continues to discover Canada and its resource plays, you are going to have tons of foreign money coming in through this avenue. | 2010-07-14 | ||
| HOLD | UTS Energy | UTS-T | 3.550 | Being acquired by Total (TOT-N). You will end up with $3.08 and Silver Birch, which will give you two first-class positions in the oil sands. | 2010-07-14 | ||
| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets are telling us, because they were oversold, were due for a bounce. People look at the 50-day and 200 day moving averages. It was a good rally. How far is it going to go – neither you nor I know - through the month end and into the earnings season, but if there are any mishaps (Europe situation, for example) then it ends. We are in for an era of broken promises. People in unions will have to accept cuts to benefits. 10-15% cash. | 2010-06-15 | ||
| WAIT | Manulife Financial | MFC-T | 16.760 | Has looked at insurance companies and concluded that MFC is the one they will probably double up on, but not now. If you look out 2 to 3 years then it is an excellent buy. | 2010-06-15 | ||
| BUY on WEAKNESS | Crescent Point Energy Corp | CPG-T | 39.500 | Absolutely yes, a buy. One of the premier oil plays in Canada. It is a major producer in Saskatchewan. Given their outlook for oil longer term, they have been squiring reserves through either acreage or companies. Vastly increased their potential reserves. | 2010-06-15 | ||
| DON'T BUY | Zed.i Solutions Inc | ZED-X | 0.520 | Stopped following because it didn’t do anything. They put systems on the Internet that help producers. An interesting stock. The concept is in tact. | 2010-06-15 | ||
| BUY | Osisko Exploration Ltd. | OSK-T | 11.240 | Markets have loved this story. He is looking for a junior/intermediate oil play and this is being considered. He is just in the looking stage. It is possible he will miss the boat and he would not want to chase it. | 2010-06-15 | ||
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| HOLD | Rogers Communcations (B) | RCI.B-T | 37.650 | Would not add it it but will continue to hold it. 9 or 10% return with growth and yield. For 2 to 3 years it is the premier of its kind. He has a half position. | 2010-06-15 | ||
| HOLD | Agrium | AGU-T | 54.870 | 1 and 5 year charts look awful, however, there are short-term disruptions agriculture. Longer term, it is a good buy. | 2010-06-15 | ||
| BUY on WEAKNESS | Royal Bank | RY-T | 54.710 | Banks face new regulations at year-end. RY is the next one he would consider buying. 2 to 3 years it is a great purchase. | 2010-06-15 | ||
| DON'T BUY | Sunlife Financial | SLF-T | 30.610 | Would not buy. Thinks that even if they have fewer issues than MFC, he would prefer Power Financial to both. | 2010-06-15 | ||
| PAST TOP PICK | Daylight Resources Trust | DAY-T | 10.140 | (Top Pick Jun 16/09, Up 41% Total) and it is a top pick tonight. First class dividend of about 6%, safe going forward. Major Alberta producer. Just completed acquisition and production will be up next year. | 2010-06-15 | ||
| PAST TOP PICK | Scorpio Mining Corp. | SPM-T | 0.660 | (Top Pick Jun 16/09, Up 44%) There was only one broker following it. Appears that at least 2 or more broker are going to ride it up. Company did everything they promised. | 2010-06-15 | ||
| PAST TOP PICK | Encana Corp | ECA-T | 35.430 | (Top Pick Jun 16/09, Up 15% total) Likes company but sold to move to several oil and gas stocks that had better potential. Would buy CNQ at this point. | 2010-06-15 | ||
| BUY | Fortis Inc. | FTS-T | 28.150 | Yes it is a good entry point. Large part of business is regulated. Likes it for yield and stead growth of earnings per share. | 2010-06-15 | ||
| BUY | Baytex Energy Trust | BTE.UN-T | 33.360 | He missed this one. Narrowing spreads between regular and heavy oil will benefit them. Long-term hold. | 2010-06-15 | ||
| Comment | Millipore Corp. | MIL-N (Dead) | 106.650 | Bought for basic business. Thought it would be a 3-5 year hold but it shot up in 6 days. Two companies made bids to buy it. | 2010-06-15 | ||
| WEAK BUY | Suncor Energy Inc | SU-T | 34.480 | Prefers CNQ because it is not burdened with Petro Can. There is a period of time until they rationalize that blip. They have terrific expertise and great management. | 2010-06-15 | ||
| WAIT | Bombardier Inc (B) | BBD.B-T | 4.830 | Likes it, but until we see the C-7 there will be a cloud overhanging them. The rail contracts are a very low margin business. It’s on his watch list. | 2010-06-15 | ||
| BUY | Bonavista Energy Trust | BNP.UN-T | 24.890 | Likes it very much. Accumulating land as fast as they can. Expanding their drillings of mainly horizontal wells. Will convert to a corporation and thinks they will try to keep the distribution in tact. | 2010-06-15 | ||
| BUY | Ford Motor | F-N | 11.700 | Ford is one of the only that did not go the government for a handout. You can own it here and he likes it. | 2010-06-15 | ||
| BUY | Silver Wheaton | SLW-T | 20.520 | It is at a discount right now. Thinks they will increase and perhaps even be at a premium to Silver. He has no silver stocks in his portfolio. | 2010-06-15 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Natural Gas: Not sure it is bouncing off bottom and going higher. With new legislation, power companies in the US are going to look hard at what fuel they will use. He thinks Gas will be much higher in 3 years. | 2010-06-15 | ||
| TOP PICK | Nalco Holding Company | NLC-N | 22.650 | Now operating in China – the fastest part of its business. Recycling, purification. 70% of business is recurring. | 2010-06-15 | ||
| TOP PICK | Tetra Tech Inc. | TTEK-Q | 21.840 | Main customers are US government. Sea walls, purification of water. Great company 2-3 year hold. Good area to buy right now. | 2010-06-15 | ||
| TOP PICK | Daylight Resources Trust | DAY-T | 10.140 | Key thing is that with the mess in the Gulf is a return of interest to on-shore oil drilling, such as Alberta. See also his comments on DAY as a past pick on this show. | 2010-06-15 | ||
| TOP PICK | Nalco Holding Company | NLC-N | 22.150 | Main business is in water purification and recycling. Makes industrial use much more efficient. Saved Dow Chemical 2 million gallons of water a year. | 2010-05-20 | ||
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| TOP PICK | Tetra Tech Inc. | TTEK-Q | 22.120 | Purification/recycling of water, mainly for domestic use. 80%-90% of their business is in the US, mainly federal and states governments. Do a lot of environmental work. US government just approved a massive increase for the Dept of the environment. | 2010-05-20 | ||
| TOP PICK | Inter Pipeline Fund | IPL.UN-T | 10.760 | Basically oil transportation plus some liquefied natural gas. Great long-term story. 80%-90% of their business is key based. Distributions have been going up consistently, which he thinks will continue. | 2010-05-20 | ||
| PAST TOP PICK | Shaw Communication (B) | SJR.B-T | 18.610 | (A Top Pick May 4/09. No change.) Sold his holdings to see how the acquisition of CanWest Global TV assets plays out. | 2010-05-20 | ||
| PAST TOP PICK | iPath DJ AIG Copper TR Sub-Index | JJC-N | 40.150 | (A Top Pick May 4/09. Up 34.2%.) Copper Sub-Index exchange traded note. Sold it awhile ago for a profit. | 2010-05-20 | ||
| PAST TOP PICK | Daylight Resources Trust | DAY-T | 9.590 | (A Top Pick May 4/09. Up 46%.) One of the best of this whole group. About 56% natural gas and 44% oil. Management has made some very shrewd acquisitions. | 2010-05-20 | ||
| BUY | Sprott Physical Gold Trust | PHY.U-T | 11.900 | Likes gold as an insurance against some sort of disaster. Has a huge regard for management and their capabilities. | 2010-05-20 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Gold. One of the problems is the fate of the euro. Thinks it will survive but probably at a lower level. Given the government debt crisis globally, people are going to lose faith in paper currency and will look for a real store of value, which is gold. He is looking for $1200-$1500 by year-end. | 2010-05-20 | ||
| BUY | Baytex Energy Trust | BTE.UN-T | 30.550 | Very much focused on heavy oil. Well run. With the Chinese buying 45% of Penn West (PWT.UN-T), this refocuses investors interest on this one. | 2010-05-20 | ||
| BUY | Enbridge | ENB-T | 47.110 | A key factor in long-term and steady returns is dividend growth. You have it with this company as well as TransCanada (TRP-T), Inter Pipeline (IPL.UN-T) and Pembina (PIF.UN-T) as well as some utilities. | 2010-05-20 | ||
| BUY | Uranium Participation Corp. | U-T | 0.395 | A pure uranium play. Likes this one very much. China, India and other countries are going to be putting more and more emphasis on nuclear power. With the number of plants being built globally, the demand for uranium is going to skyrocket. | 2010-05-20 | ||
| Comment | Power Financial Corp | PWF-T | 28.370 | With the decline of the euro, this will stimulate exports from Europe. Looking forward, he expects that he will buy more of this. | 2010-05-20 | ||
| WAIT | Teck Resources Ltd. (B) | TCK.B-T | 31.960 | Has come off mainly because of fears of collapsing base metal prices, which reflect a fear of a slowdown in China. What isn't being reflected is Chinas tremendous continuing demand for coal. | 2010-05-20 | ||
| BUY | Coca-Cola Company | KO-N | 51.540 | The real growth over the next 2 decades is going to come from developing nations. | 2010-05-20 | ||
| BUY | Scorpio Mining Corp. | SPM-T | 0.700 | Silver in Mexico. Only one analyst follows this but the fundamentals are very good. Had a terrific 1st quarter. Looking for $.08 cash flow this year and $.15-$.20 next year. Speculative. Good management. | 2010-05-20 | ||
| BUY | Potash Corp of Saskatchewan | POT-T | 103.610 | Likes stocks that have products that are going to be used in developing nations. Great story. | 2010-05-20 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Oil. Developing nations are the major demand factor in the oil market. He is considering the Nymex Oil Bull+ ETF (HOU-T) and if oil got much cheaper and the stock market showed signs of stability, he would definitely buy it. | 2010-05-20 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Natural gas. This is a great story going forward. In 2013, the US government is going to impose very heavy penalties on companies that don't meet certain emissions standards. Think the demand for natural gas will get much stronger. | 2010-05-20 | ||
| TOP PICK | Nalco Holding Company | NLC-N | 25.610 | World leader in supplying solutions for water purification. Also involved in improving methods of production and recovery of refineries and petrochemical producers. 80% of revenues are re-current. | 2010-04-15 | ||
| TOP PICK | Tetra Tech Inc. | TTEK-Q | 22.720 | Does a lot of work for the government in reclamation work including recycling of water and water purification. | 2010-04-15 | ||
| TOP PICK | Uranium Participation Corp. | U-T | 0.365 | Spot price of uranium is around $41 and worst pessimists see it at $55. China and other countries are putting together nuclear reactor facilities making this a good long-term play. A great hedge against military interruption of oil flow in the far east. | 2010-04-15 | ||
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| PAST TOP PICK | Shaw Communication (B) | SJR.B-T | 19.750 | (A Top Pick May 4/09. Up 1.7%.) Has been a bit of a disappointment. Still a Hold. Expect they will eventually come out very well. | 2010-04-15 | ||
| PAST TOP PICK | iPath DJ AIG Copper TR Sub-Index | JJC-N | 48.950 | (A Top Pick May 4/09. Up 63.8%.) Copper ETF. Can't underestimate the long-term demand from China. Easy money has been made but it is a good bet going forward if you want a pure commodity play. | 2010-04-15 | ||
| PAST TOP PICK | Daylight Resources Trust | DAY-T | 10.310 | (A Top Pick May 4/09. Up 40.4% excluding distributions.) Still a Buy. 9.4% yield. | 2010-04-15 | ||
| BUY | H&R Real Estate Inv Trust | HR.UN-T | 17.010 | Under pressure because of difficulties in financing the Bow project in Calgary. Have now solved this by cutting distributions in half. Looking down the road 2-3 years, he likes it. Only 35% of its distribution is subject to full tax rates. | 2010-04-15 | ||
| BUY | Penn West Energy Trust | PWT.UN-T | 20.570 | There will have to be a decisive move in oil prices (and possibly natural gas) for stock prices in oil trusts to move out. Excellent long-term vehicle. | 2010-04-15 | ||
| BUY | Scorpio Mining Corp. | SPM-T | 0.780 | Producing 1.9 million ounces of silver equivalent last year, 2 million this year and probably 4 million in 2011 and 6 million+ in 2012. Looking for $.10-$.15 cash flow this year and $.25-$.30 next year. | 2010-04-15 | ||
| BUY on WEAKNESS | Apple | AAPL-Q | 248.920 | US stocks with the US$ going down? You want to have an extra 10% return to cover potential currency loss. This one has had a great move and there could be a retreat in the share price. | 2010-04-15 | ||
| Comment | Bank of Nova Scotia | BNS-T | 52.120 | His preference is Bank of Montreal (BMO-T) and Toronto Dominion (TD-T) however this one has a significant presence abroad, which he likes. If looking for a bank today as a trade, he would look at Commerce (CM-T). This one is fully priced now. | 2010-04-15 | ||
| Comment | CML Healthcare Income Fund | CLC.UN-T | 11.720 | Sold his holdings about 2 years ago, as he hates stocks whose fortunes are dependent on the stroke of a government pen. Thinks the current weakness is somewhat related to the drop in Shoppers Drug (SC-T). | 2010-04-15 | ||
| BUY | Yamana Gold Inc. | YRI-T | 10.230 | One of his favourite golds. In good financial shape. You are going to see a little increase in production next year but by 2013 it should go up another 15%. Very cheap. | 2010-04-15 | ||
| BUY | General Electric | GE-N | 19.500 | Turnaround story on the finance side. Into a host of other activities such as water, solar, wind and many other things. Treat as a long-term hold. | 2010-04-15 | ||
| BUY on WEAKNESS | Sherritt International Corp. | S-T | 21.800 | Have a major new nickel development that they had trouble financing for time but it looks like that's in place now. Bringing the nickel into production is still a year or two away. On the positive side they have the coal business along with their business in Cuba. Likes it long-term. | 2010-04-15 | ||
| SELL | Cameco Corporation | CCO-T | 26.730 | Good company but has too many issues with the Cigar Lake properties. Likes uranium. (See Top Picks.) | 2010-04-15 | ||
| Comment | Emera Inc | EMA-T | 24.390 | In view of probable higher interest rates later this year, this will do okay but will under perform. Yield is decent. | 2010-04-15 | ||
| HOLD | Zed.i Solutions Inc | ZED-X | 0.440 | Software to measure natural gas production more efficiently than was done in the past. Great potential story. Mainly debt free. | 2010-04-15 | ||
| BUY | Inter Pipeline Fund | IPL.UN-T | 11.780 | One of the major operators in Canada in the pipeline area. A good buy on a 3-5 year view. First class management. | 2010-04-15 | ||
| BUY | Pizza Pizza Royalty Income Fund | PZA.UN-T | 7.240 | Once it converts to a corporation, he expects they will cut the distribution to at least as much as the dividend tax credit.. In a non-registered account you should see no difference in the effective yield. Current yield is 12.9%. Good franchise. | 2010-04-15 | ||
| HOLD | Halliburton Co | HAL-N | 32.520 | Going forward, the world is going to need more oil/gas and this is one of the key players. | 2010-04-15 | ||
| HOLD | Pason Systems Inc. | PSI-T | 11.700 | In the very short term, it is terribly expensive. One of the best, pure direct plays on any increase in drilling activity, both in Canada and the US. Debt-free. Superb management. | 2010-04-15 | ||
| DON'T BUY | Shoppers Drug Mart Corp | SC-T | 37.830 | Has suffered because of the stroke of the government pen. You are now in “no man's land” with the stock being back to 2005-2006 levels. Analysts probably don't have a clue as to what earnings are going to be. | 2010-04-15 | ||
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| Comment | Barrick Gold | ABX-T | 40.140 | Gold is one of his favourite commodities because of the US deficits. $1500 is not a bad target for gold for this year. Prefers mid-cap producers in the golds. | 2010-04-15 | ||
| HOLD | Fortis Inc. | FTS-T | 27.760 | (Market Call Minute.) Great utility going forward but could be under pressure from higher interest rates. | 2010-04-15 | ||
| BUY | CitiGroup | C-N | 4.810 | (Market Call Minute.) Good speculative buy. Could see it going much higher. | 2010-04-15 | ||
| BUY | Potash Corp of Saskatchewan | POT-T | 110.640 | (Market Call Minute.) Good news is that inventories in North America are tightening up and are very much lower than they were last year. Bad news is snow in northern China and drought in southwest, which has impacted consumption. A lot of US farmers are facing financial difficulties. | 2010-04-15 | ||
| TOP PICK | Nalco Holding Company | NLC-N | 23.680 | One of the key areas going forward is going to be water. An increasingly lucrative area for companies that purify drinking water, recycle water, increasing efficiencies. One of the world leaders in this as well as a related energy business and forest/paper business. | 2010-03-12 | ||
| TOP PICK | Tetra Tech Inc. | TTEK-Q | 20.880 | Water treatment company. 60% of their business is with either the US federal government or the various states. 30% is commercial and 10% globally, primarily Canada. | 2010-03-12 | ||
| TOP PICK | Daylight Resources Trust | DAY-T | 10.950 | Made a couple of key acquisitions and are solid in their position in the Pembina in Alberta. Good yield of about 7%. Great long-term hold. | 2010-03-12 | ||
| PAST TOP PICK | iUnits Gold S&P/TSX E.T.F. | XGD-T | 19.950 | (A Top Pick March 31/09. Down 4.9%.) When looking at commodities, it is always a good idea to have some of the basic commodity itself. Still a buy. | 2010-03-12 | ||
| PAST TOP PICK | Central Fund of Canada Ltd (A) | CEF.A-T | 14.180 | (A Top Pick March 31/09. Down 5.8%.) Pure bullion play. | 2010-03-12 | ||
| PAST TOP PICK | Shaw Communication (B) | SJR.B-T | 20.630 | (A Top Pick March 31/09. Up 7.3%.) Innovative company with hands-on management. | 2010-03-12 | ||
| PAST TOP PICK | CASH | CASH | 0.000 | (A Top Pick March 31/09.) Had about 30% cash at that time but is now 10%-15% depending on the portfolio. | 2010-03-12 | ||
| STRONG BUY | Scorpio Mining Corp. | SPM-T | 0.660 | Silver/zinc play in Mexico. 1st class management. Recently made an acquisition and with a combination of increased reserves and the likely increase in production is looking for $.08 a share in cash flow this year and $.15-$.18 next year. Still buying for his clients. Target of $.90 to $1 fairly quickly and probably closer to $2 next year. | 2010-03-12 | ||
| HOLD | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Canadian banks. About 3 or 4 months ago, the general consensus on the street was that the 2010 earnings per share for all the banks would be fairly lacklustre with 2011 being the blockbuster with earnings increases of 20%-30%. Because of the much better than expected, 1st quarter estimates are being increased for this year as well as target prices. | 2010-03-12 | ||
| Comment | Bank of Nova Scotia | BNS-T | 49.490 | Far greater global exposure than the other banks. He prefers Toronto Dominion (TD-T) and Bank of Montreal (BMO-T). | 2010-03-12 | ||
| BUY | Research In Motion | RIM-T | 76.810 | `Expectation that earnings being reported March 31 is for about $1.27 and for the year $4.40 and looking at $5+ next year. Increasing competition will lead to decreased prices and increased market share. Trading at about 15-16X earnings. | 2010-03-12 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Alberta royalty rules were just changed from 50% going down to 36% for natural gas and 50% down to 40% for oil. There was a 5% royalty on new gas wells is to be continued for another year. Very positive for all the oil/gas trusts. | 2010-03-12 | ||
| BUY | Manulife Financial | MFC-T | 20.400 | Now getting their house in order but there is still a degree of scepticism based on what would happen to capital requirements in another market meltdown. If you are looking out 2 to 3 years, it is a Buy. | 2010-03-12 | ||
| BUY | Canadian Natural Rsrcs | CNQ-T | 74.730 | Will be throwing off huge cash flows $20-$25 in 2-3 years from their Horizon project and the company will be debt free. The cash could be used for dividend increases but likely for acquisitions and share buybacks. (See Top Picks.) | 2010-03-12 | ||
| BUY | Goldcorp Inc | G-T | 40.090 | Likes their Mexican projects and the production from these. Also making some major headway in the Quebec area. Involved in a lawsuit with Barrick (ABX-T), which is messy but nothing more than an irritant. | 2010-03-12 | ||
| BUY | Onex Corp | OCX-T | 28.150 | If you want a first-class equity company, buy this one. Trades at a discount to NAV of around $33. First-class management. You'll have to hold it for about 5 years but should do quite well. | 2010-03-12 | ||
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| Comment | Canadian Oil Sands Trust | COS.UN-T | 27.840 | Acquired reserves in the high Arctic, which will require the Mackenzie pipeline to be built. Good management. Likes others which have higher yields. | 2010-03-12 |