| Expert | Implied Signal | Company | Symbol | Price | Opinion | Date Entered |
|---|
| Derek Webb | TOP PICK | Agrium | AGU-T | 89.560 | A whole bunch of urea plants were knocked out of service because of the earthquake in China. Food is very, very tight in the world. He expects urea prices to accelerate. | 2008-05-16 |
| Gordon Reid | TOP PICK | Boeing | BA-N | 85.690 | Dreamliner is behind schedule but it is coming. There is going to be a fantastic new revenue cycle for the company, probably out to 2012, 2013. Biggest backlog for any aircraft in history. Margins are up which means they are going to have a great revenue cycle. | 2008-05-14 |
| John O'Connell | TOP PICK | Husky Energy | HSE-T | 49.620 | 3.5% dividend. Believes long-term in the energy story. Good fundamentals. Just did a deal with BP giving them access to refineries. Also, BP agreed to fund a lot of the cash flow expansion of their Tucker and Sunrise projects. Very strong balance sheet. | 2008-05-15 |
| Steve MacInnes | TOP PICK | Major Drilling Group International Inc | MDI-T | 56.130 | If you are skittish about commodity prices or the risks to mining, this is a way of participating in the resource boom. 2nd biggest contract driller in the mining business in the world. Over 500 rigs in 20 countries. Specializes in harder more challenging drilling where the margins are better. | 2008-05-15 |
| John O'Connell | TOP PICK | Manulife Financial | MFC-T | 39.220 | Disappointed in their earnings and the stock has been under pressure. Added about $500 million new life insurance business. Growth profile in Asia grew about 22% last quarter. Trades at about 11X earnings. | 2008-05-15 |
| Steve MacInnes | TOP PICK | Nuvista Energy Ltd | NVA-T | 18.920 | Gas oriented. Less well known. Management has had a fantastic track record over the past 5 years. Acquired Ryder Resources, a brilliantly timed acquisition at very attractive purchase metrics. Well balanced between deep gas and shallow gas and heavy oil prospects. | 2008-05-15 |
| Gordon Reid | TOP PICK | priceline.com Inc. | PCLN-Q | 138.290 | An Internet-based travel site growing dramatically. Since 2005, revenues have more than doubled. Earnings have gone up sevenfold. Multiple is pretty much static. | 2008-05-14 |
| Glenn MacNeill | TOP PICK | Fairborne Energy Ltd. | FEL-T | 10.530 | Roughly 77% gas. Produces about 13.5 thousand barrels a day. Good management. Has started to sell its sulphur, which has brought in more revenue for them. Has one well that is 15% of its revenue but management is managing that. | 2008-05-16 |
| Steve MacInnes | TOP PICK | Stantec Inc | STN-T | 29.780 | Has achieved something like 20% annualized growth since its IPO in 1994. Management is talking very conservatively and one of their major practices is in residential and non-residential construction and this has hit the stock. The environmental and infrastructure sides of the business are booming. Cheap. | 2008-05-15 |
| Glenn MacNeill | TOP PICK | Talisman Energy | TLM-T | 23.940 | Hasn’t gone up as much as some of the other large producers. Represents good value. Will be doing some things to try and enhance its value. A lot of diversified areas geographically. | 2008-05-16 |
| John O'Connell | TOP PICK | Trans Canada Corp | TRP-T | 38.460 | (A Top Pick July 31/07. Up 2%.) Yields 3.75%. Likes its exposure to Ontario’s energy market and is expanding into the US. Trading at a substantial discount. | 2008-05-15 |
| Michael Simpson | TOP PICK | Vermilion Energy Trust | VET.UN-T | 42.120 | Canadian-based but have operations in the Netherlands, France and Australia. Q1 basic payout ratio was about 36% so there is significant room to either increase distributions or to make a large acquisition. Undervalued at about 5X cash flow. | 2008-05-14 |
| Michael Simpson | TOP PICK | K-Bro Linen Income Fund | KBL.UN-T | 12.370 | Linen services for hospitals and hotels. Toronto, Alberta and Vancouver and recently expanded into Quebec. New volume is expanding in Calgary due to new hospitals. Long-term contracts. Excellent management. | 2008-05-14 |
| Jonathan Baird | TOP PICK | Cinch Energy Corp | CNH-T | 1.660 | Gas producer in central Alberta. Very inexpensive in terms of price to cash flow at just over 3X next year's. Trading at about 65% of the NAV. | 2008-05-14 |
| Jonathan Baird | TOP PICK | Alberta Clipper Energy | ACN-T | 2.850 | Alberta/B.C. based company. Hurt last year when the Alberta government imposed royalty changes on the light oil producers. Well run. Trades at a discount to NAV and about 3.5X next year's cash flow. | 2008-05-14 |
| Derek Webb | TOP PICK | HBP Global Gold Bull E.T.F. | HGU-T | 24.740 | Gold stocks tend to trade more on the commodity and less on earnings. Right now the commodity is at the bottom end of its channel. You might as well buy an index; you don’t need to buy a name. On this one you get 2 times what the large-cap gold stocks do. If they go up 10%, you make 20%. | 2008-05-16 |
| Glenn MacNeill | TOP PICK | Profound Energy Inc. | PFX-T | 4.250 | Produces roughly 3400 barrels a day, about 70% gas. Good management. | 2008-05-16 |
| Michael Simpson | TOP PICK | Lassonde Industries Inc. | LAS.A-T | 43.250 | Manufacture fruit juices. Recently increased their dividend from $.50 to $.84. Recently expanded into Western Canada. Adding extra vitamins to the fruit juices. Trades at about 11X earnings and under 7X cash flow. | 2008-05-14 |
| Gordon Reid | TOP PICK | Kendle International Inc. | KNDL-Q | 37.110 | Clinical research organization that does drug trials phase 1 through 4. They manage the regulatory side of the trial. Has been a very successful company. Stumbled a little bit on one-time costs and is trading below its peer group and its own historical multiples. | 2008-05-14 |
