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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
2015-07-28 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Resources. The rout has now gone on for so long and has been so destructive. He has to force himself to actually get positive, because all the news is so bad that the resource sector has the ability to reset and is starting to see levels where they should be starting to reset. Hard to find anybody that is positive in anything. It is still high quality that he looks for. He is trying to be positive on the sector, but it wouldn’t surprise him if the main 10 stocks still went down to a final capitulation. He is trying to model everything out 3 years from now, and is trying to survive to get there. The balance sheet and not having a lot of debt are the most important things.


Price:
$0.020
Subject:
RESOURCE
Bias:
BEARISH on RESOURCES
Owned:
Unknown
2015-07-28 DON'T BUY Must be logged in to use chart ATH-T Athabaska Oil Sands Corp

In the last 48 hours, everything has been ripped through and getting so beaten up that he is trying to find what could come out of this. This is probably not where you want to go first. They have big construction. There is no real clarity on it. It still comes up with some question marks.


Price:
$1.420
Subject:
RESOURCE
Bias:
BEARISH on RESOURCES
Owned:
Unknown
2015-07-28 TOP PICK Must be logged in to use chart BLX-T Boralex Inc.

Has great long-term contracts and a very steady cash flow. They seem to be incrementally adding 2%-4% value per year. He feels he can double his money every 10 years. Yield of 3.84%.


Price:
$13.680
Subject:
RESOURCE
Bias:
BEARISH on RESOURCES
Owned:
Yes
2015-07-28 PAST TOP PICK Must be logged in to use chart CNQ-T Canadian Natural Rsrcs

(A Top Pick Oct 23/14. Down 21.76%.) Had just bought a half position at that time, and has now bought the balance. If the market got another thumping, this is the one he would add to.


Price:
$30.370
Subject:
RESOURCE
Bias:
BEARISH on RESOURCES
Owned:
Yes
2015-07-28 COMMENT Must be logged in to use chart DML-T Denison Mines Corp

He owns Cameco (CCO-T) instead. Uranium can and should get tight, but it is a very politicized market. The uranium story hasn’t flowed through yet, but it could. There is an awful lot of effort to turn this into a company that he would like to see developed. A neat little company that could do well, but uranium has to do well first.


Price:
$0.590
Subject:
RESOURCE
Bias:
BEARISH on RESOURCES
Owned:
No
2015-07-28 COMMENT Must be logged in to use chart ECA-T Encana Corp

Historically a great Canadian company and down 80% from its high. Because they were early to the whole shale gas situation, they ended up becoming “average”. That is fine, but now we have tons of gas and you really only make money if you are in the 1st quartile. He is looking for companies that are best in class. We really are in a nasty bear market in the commodities. He would go to the highest quality company first, such as Tourmaline (TOU-T) and Peyto (PEY-T).


Price:
$9.830
Subject:
RESOURCE
Bias:
BEARISH on RESOURCES
Owned:
Unknown
2015-07-28 COMMENT Must be logged in to use chart ERF-T Enerplus Corp

In this mid-cap energy space, it really seemed that at some point yesterday we had a bounce off, and he is really hopeful that yesterday was the bad day. These companies should probably not be paying a dividend right now, so it is within the realm of expectation that if oil slipped again, all these companies would cut their dividends to zero.


Price:
$8.120
Subject:
RESOURCE
Bias:
BEARISH on RESOURCES
Owned:
Unknown
2015-07-28 PAST TOP PICK Must be logged in to use chart GXE-T Gear Energy

(A Top Pick Oct 23/14. Down 65.96%.) He did an analysis and felt they could make great returns at $60 oil. Sold his holdings in the 1st week of January. At this oil price, this company is really sitting on their hands. Still likes the company.


Price:
$1.480
Subject:
RESOURCE
Bias:
BEARISH on RESOURCES
Owned:
No
2015-07-28 COMMENT Must be logged in to use chart HBM-T Hudbay Minerals Inc.

This is still slightly expensive. There is a great story in copper that it really gets tight in a couple of years from now. 90% of copper is still profitable, so it really needs to fall.


Price:
$8.260
Subject:
RESOURCE
Bias:
BEARISH on RESOURCES
Owned:
No
2015-07-28 COMMENT Must be logged in to use chart KEL-T Kelt Exploration

Really likes this company. One of the more successful management teams out there. Had owned this going into the selloff, but once the stock hit a certain price and the commodity was at a new level, he sold it. On his list of companies that are going to make it through and do well 3 years from now. Costs are slightly too high for him right now.


Price:
$7.170
Subject:
RESOURCE
Bias:
BEARISH on RESOURCES
Owned:
No
2015-07-28 COMMENT Must be logged in to use chart KEY-T Keyera Corp

He really only wanted one stock in the pipeline space, and the decision was Inter Pipeline (IPL-T).  Keyera is still expensive. It has a great growth platform. If LNG is not built and there is too much gas, why do you really need this company?


Price:
$43.160
Subject:
RESOURCE
Bias:
BEARISH on RESOURCES
Owned:
No
2015-07-28 TOP PICK Must be logged in to use chart LIF-T Labrador Iron Ore Royalty

China is making 800 million tons of steel a year, over 50% of the world’s production, but making it to sell to us. Nobody needs that much steel and they are trying to put our steel out of business. Iron ore has really come off and 30% of the world’s production is underwater, so production needs to be turned off. The commodity is now below the cost curve. The Cdn$ fixed costs knocks him onside. This company has no debt. They provide a high-quality product that has to go into steel mills in Europe. Dividend yield of 7.86%.


Price:
$12.900
Subject:
RESOURCE
Bias:
BEARISH on RESOURCES
Owned:
Yes
2015-07-28 COMMENT Must be logged in to use chart POT-T Potash Corp of Saskatchewan

When the commodity collapses, and the industry can withhold supply, it is really hard to figure it out. This has begotten a premium, because it is able to be a lot more monopoly than it is a commodity business. He can’t really figure out what the long-term price of potash is. Just too expensive for him.


Price:
$35.350
Subject:
RESOURCE
Bias:
BEARISH on RESOURCES
Owned:
No
2015-07-28 COMMENT Must be logged in to use chart PSK-T PrairieSky Royalty

A tricky company to assess, because there are all sorts of little things they can do. A royalty company, so they don’t really drill the wells. If the commodity situation is really bad and nobody drills wells and you are in a decline curve, your production goes down and there is nothing you can do about it. This company is still too expensive.


Price:
$26.680
Subject:
RESOURCE
Bias:
BEARISH on RESOURCES
Owned:
No
2015-07-28 DON'T BUY Must be logged in to use chart RMP-T RMP Energy

A decent little company at the right oil price. At this oil price, it is very, very difficult. He likes the stability of a bigger company. A possibility would be Bonavista (BNP-T).


Price:
$1.700
Subject:
RESOURCE
Bias:
BEARISH on RESOURCES
Owned:
No
Showing 1 to 15 of 1,213 entries
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