Viewing Expert Bill Harris, CFA | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Bill Harris, CFA , Portfolio Manager

Avenue Investment Management


Date Signal Chart Symbol Company Opinion Price
2016-05-10 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Energy. Previously OPEC had reduced the supply so that there was no inventory and that stoked the price up. However, there was always lots of oil around, lots of excess capacity. Now with Saudi Arabia saying that it was going to produce everything that it can, by definition that means there is no capacity, but it is all inventory which makes the market more volatile. The commodity can sit at $45, but the stock market will start discounting where the commodity can be 6 months from now. In connection with the Fort Mac situation, the first one that gets hit is the insurance company. $9-$10 billion of something has to get sold to pay for it. That money is being stored in assets, and assets have to be liquidated to cover bills. The one thing he is more concerned about is how much it would affect the smaller businesses, as opposed to the big Suncor (SU-T) and Canadian Natural Resources (CNQ-T).


Price:
$0.020
Subject:
RESOURCE & INFRASTRUCTURE
Bias:
UNKNOWN
Owned:
_N/A
2016-05-10 COMMENT Must be logged in to use chart ARE-T Aecon Group Inc

Aecon (ARE-T) or Stantec (STN-T)? A great Canadian stable company. He uses it as a dampening mechanism in his portfolios. There is a lot of infrastructure to be done. A great, consistent business. Every time he has made an assessment of these 2, he has gone with this one. The stock is now at the higher level of his valuation, so he owns the bonds.


Price:
$16.800
Subject:
RESOURCE & INFRASTRUCTURE
Bias:
UNKNOWN
Owned:
No
2016-05-10 PAST TOP PICK Must be logged in to use chart BLX-T Boralex Inc.

(A Top Pick July 28/15. Up 25.83%.) These picks were based on survivability, not a growth. Sold his holdings.


Price:
$16.880
Subject:
RESOURCE & INFRASTRUCTURE
Bias:
UNKNOWN
Owned:
No
2016-05-10 COMMENT Must be logged in to use chart CCO-T Cameco Corporation

(Market Call Minute.) Has said for 10 years that if it ever got to $15 he would look very seriously of buying it. It is close to the point where it is getting interesting.


Price:
$15.240
Subject:
RESOURCE & INFRASTRUCTURE
Bias:
UNKNOWN
Owned:
No
2016-05-10 COMMENT Must be logged in to use chart CJ-T Cardinal Energy Ltd

We are still not out of the oil environment, and all things could happen. When the commodity is low he likes to buy something, and as clean a company as possible. This one has a great team and great producing assets in Western Canada. They’ve done a great job and brought down costs. If oil stays down longer and lower, it kind of gets in trouble on obscure things that normally wouldn’t matter. This has a bunch of old producing assets and they are going to reinvigorate the plays. Has a massive amount of environmental abandonment liability, which might never be an issue, but it is out there, so he goes for companies that are a little bigger.


Price:
$8.350
Subject:
RESOURCE & INFRASTRUCTURE
Bias:
UNKNOWN
Owned:
Unknown
2016-05-10 COMMENT Must be logged in to use chart DGC-T Detour Gold

In the last 6 months, the mine might be an awful lot better and bigger than anybody would have thought. The “go to” name in the industry today, but a lot of that is now being discounted. 


Price:
$29.070
Subject:
RESOURCE & INFRASTRUCTURE
Bias:
UNKNOWN
Owned:
Unknown
2016-05-10 DON'T BUY Must be logged in to use chart ELD-T Eldorado Gold

(Market Call Minute.) Where it is in lots of places in the world, it is problematic. With yellow flags on it, he is just going to stay away for the time being.


Price:
$5.910
Subject:
RESOURCE & INFRASTRUCTURE
Bias:
UNKNOWN
Owned:
No
2016-05-10 COMMENT Must be logged in to use chart HBM-T Hudbay Minerals Inc.

(Market Call Minute.) Copper has finally had its bounce and is not bouncing very nicely. If China really has an issue, there are a lot of yellow flags on this.


Price:
$4.910
Subject:
RESOURCE & INFRASTRUCTURE
Bias:
UNKNOWN
Owned:
Unknown
2016-05-10 PAST TOP PICK Must be logged in to use chart LIF-T Labrador Iron Ore Royalty

(A Top Pick July 28/15. Up 2.38%.) These picks were based on survivability, not a growth. Sold his holdings last fall. This is a high-quality company and a great time to own it, plus you get the dividend.


Price:
$12.560
Subject:
RESOURCE & INFRASTRUCTURE
Bias:
UNKNOWN
Owned:
No
2016-05-10 COMMENT Must be logged in to use chart NOT-X Noront Resources Ltd.

Potential nickel and chromium in Northern Ontario. Chromium is a lesser metal in a really small market. The oil market is enormous, copper market is huge, and once you start getting into these other things, it can become obscure really quickly. This one is really all about infrastructure, and it all makes sense, but nothing seems to be happening.


Price:
$0.315
Subject:
RESOURCE & INFRASTRUCTURE
Bias:
UNKNOWN
Owned:
Unknown
2016-05-10 DON'T BUY Must be logged in to use chart NXE-X NexGen Energy

On uranium, once you get to a $100 million market cap, you had better have a mine. As a speculator in exploration plays, you’d like it to have a $10-$20 million market cap. To take on that amount of risk, you have to double or triple your money.


Price:
$2.290
Subject:
RESOURCE & INFRASTRUCTURE
Bias:
UNKNOWN
Owned:
No
2016-05-10 TOP PICK Must be logged in to use chart OR-T Osisko Gold Royalties Ltd.

He still likes the royalty model and thinks he is getting this at half its valuation. They have money to spend and things they can do.


Price:
$16.080
Subject:
RESOURCE & INFRASTRUCTURE
Bias:
UNKNOWN
Owned:
Yes
2016-05-10 COMMENT Must be logged in to use chart RRX-T Raging River Exploration

Used to own this. When valuations got a little excessive, he sold it and that was a mistake. This is high margin, because they sell a light oil product. They make more money than any other company in Western Canada, basically on the margin side. They are doing an incredible job, and don’t seem to be running out of things to do them.


Price:
$9.870
Subject:
RESOURCE & INFRASTRUCTURE
Bias:
UNKNOWN
Owned:
No
2016-05-10 DON'T BUY Must be logged in to use chart S-T Sherritt International Corp.

Had owned the 8% bonds for very specific reasons. Cuba is essentially a ringed fence and so is the Manitoba smelter. There was $600 million in debt, and he thought the coal assets in Western Canada were worth $1-$1.5 billion. Bond agencies wouldn’t rate this because they didn’t know how to rate the Cuban risk. He didn’t care about that risk because it was offset by the Western Canadian coal. On the hint the company was going to sell the coal, he got rid of the bonds as fast as he could. You are now exposed to the Cuban issue, which is a wildcard. Madagascar, depending on the nickel price, might never make money.


Price:
$0.840
Subject:
RESOURCE & INFRASTRUCTURE
Bias:
UNKNOWN
Owned:
No
2016-05-10 COMMENT Must be logged in to use chart SPB-T Superior Plus Corp

Had probably been the single best company in Canada 15 years ago in terms of monopoly franchise and what they did. Then they bought other diversified businesses which collapsed and had to restructure. It has now been cleaned up and is on his list of companies that he would probably like at the right price. However, a lot of the move will probably be geared to the construction market in the US, which might or might not happen. This is being fixed, but you still have this propane monopoly. The 16% dividend really looks secure.


Price:
$10.880
Subject:
RESOURCE & INFRASTRUCTURE
Bias:
UNKNOWN
Owned:
No
Showing 1 to 15 of 1,272 entries
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