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Compiling comments that experts make about stocks while on public TV.

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Bill Harris, CFA , Portfolio Manager

Avenue Investment Management


Date Signal Chart Symbol Company Opinion Price
2015-03-04 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Mining. He has been coming to PDAC for 3 years saying that he just didn’t feel good about the industry. This is probably the 1st time that he is seeing real projects and market caps at good levels where you can actually make money.


Price:
$0.020
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
_N/A
2015-03-04 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Growth projections for Northern Ontario? What was really going to drive this area was the Ring of Fire development. It seems completely stuck. You have to have a government that just drives this thing, but Ontario just doesn’t have any money. Companies can’t really afford to put in roads and rails without real guarantees.


Price:
$0.020
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
_N/A
2015-03-04 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Oil? You can pick price or timing, but not both, so he won’t pick timing. The marginal cost of producing 93 million barrels a day going to 94 million barrels a day by the end of next year, is somewhere around the high $70-$80 a barrel. There is too much oil coming on now from last year’s activity. Canada is going to produce another 250,000 barrels a day this year, and the Gulf of Mexico and Brazil are coming on with 100,000 barrels, so we have to get through that, but then oil has to go back to that marginal cost of production at some point, and he is taking a 2 year timeframe.


Price:
$0.020
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
_N/A
2015-03-04 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Rare earth elements? The problem at this point is just the small business. It’s the size of the copper market that allows you to hedge, build a mine and use public markets to do that. In rare earth elements, the sizes of the projects are so small they can become obscure, and nobody cares. He is of the opinion that you should just ignore them.


Price:
$0.020
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
_N/A
2015-03-04 DON'T BUY Must be logged in to use chart ABX-T Barrick Gold

People keep asking how gold can be up and this company is just a disaster. The enterprise value was $15 billion and is now $30 billion. However, debt has gone from no debt to $10-$12 billion. In effect the debt owns the gold and you don’t.


Price:
$15.090
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
Unknown
2015-03-04 COMMENT Must be logged in to use chart AGI-T Alamos Gold Inc

A higher quality company. Gold is almost at the highs that it was a few years ago in Cdn$ terms. Doesn’t think this company has anything particularly good, so you actually really need a movement in the gold price. Nothing dynamic right now to be in this.


Price:
$7.440
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
Unknown
2015-03-04 PAST TOP PICK Must be logged in to use chart BHP-N BHP Billiton Ltd.

(A Top Pick March 4/14. Down 22.5%.) For him it is all about, can they make money and can they pay their dividends and be a sustaining business going forward. They need to make $10 billion, and they can easily make about $25 billion this year. They have incredible flexibility in their CapX plans. This is defence on a currency basis and on a dividend. He is down about 10% when you take into account currency fluctuation.


Price:
$51.620
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2015-03-04 TOP PICK Must be logged in to use chart BHP-N BHP Billiton Ltd.

This gives a 5% yield and the stock can go up a couple of dollars a year, giving an 8%-10% rate of return. They also have copper and oil businesses which he thinks can incrementally improve.


Price:
$51.620
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2015-03-04 TOP PICK Must be logged in to use chart BLX-T Boralex Inc.

Essentially wind electricity in France and Québec. Has great long-term contracts and is incrementally adding to its business. Yield of about 4%.


Price:
$13.200
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2015-03-04 DON'T BUY Must be logged in to use chart BNK-T Bankers Petroleum

Our own companies are so beaten up right now, why take on that incremental risk of looking to Albania? To go into this one, it needs to be next to nothing and super clean.


Price:
$3.010
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
No
2015-03-04 COMMENT Must be logged in to use chart BTO-T B2Gold Corp.

There are about 5 companies in gold that he would like to own, and this is on that list. Great little company. This is going to move with the gold price and it is hard to see anything specific related to their asset, but the amazing thing is that they do incrementally improve their existing assets.


Price:
$2.050
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
No
2015-03-04 COMMENT Must be logged in to use chart CPG-T Crescent Point Energy Corp

On his list of about 10 things he would like to own, but his strategy has ended up slightly differently. If their hedges roll off and oil is still that $40-$45, the cash flow will be impacted. His hunch is that this company might get away with getting through this. Extremely well-run with very high margins. Great company.


Price:
$30.550
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
No
2015-03-04 COMMENT Must be logged in to use chart CS-T Capstone Mining Corp.

This should have a good story, but it really needs a higher copper price to make their cash flows dynamic. It just doesn’t have a big project and there is no real visible growth going forward right now, so it just sits there. He is going to sit on his hands until there is a better opportunity in a more senior company.


Price:
$1.350
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
No
2015-03-04 COMMENT Must be logged in to use chart FCU-T Fission Uranium Corp.

A year ago, this was too far out of where all the infrastructure was. Any time you bring on a new project you really have to develop the thing. Now that it shows it is expanding, it might be able to live on its own, so that another big uranium player could come in and buy it. It is likely a decision will have to be made by a real producer in the next 12 months.


Price:
$1.340
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
No
2015-03-04 PAST TOP PICK Must be logged in to use chart FNV-T Franco-Nevada Corp.

(A Top Pick March 4/14. Up 14.81%.) It had been very difficult to find defensive stocks in gold and this seemed to be about the only game in town. It has been a great place to hide.


Price:
$63.330
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
Yes
Showing 1 to 15 of 1,192 entries
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