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

Recent Opinions

Date Signal Company Expert Opinion Price
2014-07-21 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Investing.  Russia is an ongoing saga.  When the first market dip came and then bounced back he said it was not done yet, but that it was only market noise.  It does not impact global growth.  The best way to battle Russia in their new cold war is for the world to take less of their resources, so that will benefit Canada.  But that could be years away.  For now it is anxiety taking place in the summer months and investors may decide to defer buying.  Stocks are weak in Europe with financials leading and we see it going below a long term trend line so it might be a good idea to back off and not be an aggressive buyer.  One of the best ways to be defensive is to buy the US dollar.


Price: $0.020
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: _N/A
2014-07-21 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Shorting Equities – which equities to short:  He is negative on the energy sector in the short term.  One bullish thesis is that North American supply of oil offsets OPEC.  The US is importing less and less from OPEC, moving demand to Canada and that changes demand dynamics dramatically.  But names like SU-T are overbought.  You might short as a quick trade, but there is nothing that is particularly overvalued at this point.  RWM-N plays the short side of the Russell 2000.


Price: $0.020
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: _N/A
2014-07-21 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Equity based hedge for inflation over 15 years? The only inflation he knows of is inflation-linked bonds.  TIP-N in the US.  There is one in Canada also.


Price: $0.020
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: _N/A
2014-07-21 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Educational Segment.  Selling out to Cash Because of Possible Correction:  We should see a 5-10% correction including seasonality and geopolitical events at present to occur soon.  Selling out to cash is risky because if markets go up, then you lose out.  It is harder to buy it all back much higher (psychology of investing).  If we get a correction, it is normal and mild.  We should not be overly concerned about it.  Typically in this situation, the Canadian dollar goes south.  He would play it by holding US currency or buying US investments that are hedged to the US dollar.  Holding US$ during a 10% correction would only lose you 8%.  ZWH-T adds a covered call component to reduce that loss to 6% yet when the market goes up you typically gets a 6% yield so if you are wrong and there is no correction you still make money.


Price: $0.020
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: _N/A
2014-07-21 N/A A Comment -- General Comments From an Expert
A Commentary
Ron Meisels

Markets.  Behavioral Analysis:  Technical Analysis is a sub section of Behavior Analysis.  It tells you how people behave according to the market.  By looking at people’s actions you want to predict up trends and down trends of a stock.  A lot of people are now worrying about the market having gone on for 4 years, but there is no law saying the market cannot go on further.  A lot of people got out of the market in 2008 and they have not all gotten back in.  We are in a major secular bull market.  S&P and TSX are more or less working in tandem. 


Price: $0.020
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: _N/A
2014-07-21 N/A A Comment -- General Comments From an Expert
A Commentary
Bruce Campbell (1)

Markets. The first few times the federal reserve ended quantitative easing, the markets didn’t like it at all. Now they are slowly unwinding it, and it is supposed to end in October. You would think that there wouldn’t be a problem, but the market always comes up with some kind of a reaction, so it really depends on whether we have had some kind of a meaningful correction before then. If so, then he thinks we’ll be okay. If we haven’t had anything, it might be an excuse for it to pull back. A little too early to tell. Even with bad news, the market doesn’t seem to want to go down. There is still a lot of cash on the sidelines, so that any meaningful pullback looks like it is going to be bought. Good companies and dividends will still provide positive returns.


Price: $0.020
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: _N/A
2014-07-21 TOP PICK Argonaut Gold
AR-T
Bruce Campbell (1)

Started to buy this again recently. Just reported production, which was about a 7% miss, so the stock has pulled back. Currently trading $0.65 from its NAV. There is production growth coming. This was just a quarter that got pushed into the back half of the year, so they kept guidance the same. Thinks it is easy for this to go to $5 again. This is a seasonally strong period for gold (and silver), so he thinks there is at least a trade in this. Low cost producer at about $700 an ounce.


Price: $4.180
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Yes
2014-07-21 COMMENT Aecon Group Inc
ARE-T
Bruce Campbell (1)

Likes this. Sold it and moved to SNC Lavalin (SNC-T) where he sees 10%-15% upside. He still holds this company’s convertible debentures. A good company, but it just got a little ahead of itself for him.


Price: $16.500
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Yes
2014-07-21 WATCH Avigilon Corp
AVO-T
Larry Berman CFA, CMT, CTA

A very niche area.  There is a lot of good news and the stock is going up and then it turns.  It looks to him like you have this strong potential support at $20.  The market seems to have forgotten what this breakout was about.  You need to see the break out establishing.


Price: $23.400
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2014-07-21 WATCH Avigilon Corp
AVO-T
Ron Meisels

There are corrections in time and in price.  When a stock goes through a downward correction it is next likely to go in a horizontal correction (a correction in time).  The stock is currently fighting its 40 week moving average.  He thinks the stock will test the $20 area.


Price: $23.400
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: Unknown
2014-07-21 BUY Avigilon Corp
AVO-T
Bruce Campbell (1)

Has been a recent buyer of this. He understands that the next quarter is the same or even better. Doesn’t think there is going to be disappointing earnings, and they may surprise on the upside. You’re probably going to see it go back to $30.


Price: $23.400
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Yes
2014-07-21 COMMENT BlackBerry
BB-T
Bruce Campbell (1)

He finds this one too difficult to value. When you buy, you can get some kind of announcement out of left field. He sees the NAV as anywhere from $12-$15. You could get one of those numbers if you broke up the company, but if you don’t, an ongoing trading range is lower than the present price.


Price: $10.730
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: No
2014-07-21 WEAK BUY BCE Inc.
BCE-T
Larry Berman CFA, CMT, CTA

Media is huge going forward.  We will probably not see the growth over the next few years so it is about the yield.  It is a fine holding to accumulate when it pulls back.


Price: $48.660
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2014-07-21 BUY on WEAKNESS Bonavista Energy Corp
BNP-T
Larry Berman CFA, CMT, CTA

This strong trend developing last year broke and we are getting lower lows and lower highs now.  This is not good.  We are in correction mode.  There was support in the $14 area, so 2-3% lower he sees support coming in and that is where to nibble. 


Price: $14.410
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2014-07-21 PAST TOP PICK Bank of Nova Scotia
BNS-T
Bruce Campbell (1)

(A Top Pick July 23/13. Up 29.72%.) Had a theory that all you had to do was buy the worst-performing bank in the big 5, and the next year it will either be the best or the 2nd-best. That works 18 out of 20 times.


Price: $72.810
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Yes
2014-07-21 PAST TOP PICK Cameco Corporation
CCO-T
Ron Meisels

(Top Pick Jan 20/14, Down 8.93%)  It violated its uptrend so he sold it.


Price: $22.820
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: No
2014-07-21 WATCH Catamaran Corp
CCT-T
Bruce Campbell (1)

This was expected not to do so well and have a flattish year, but had a surprisingly very good first quarter. They are reporting in the next couple of weeks, and if they have another one the stock has room to move. Looks interesting, but a little bit risky if you buy before the earnings.


Price: $47.420
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Yes
2014-07-21 TOP PICK Cineplex Inc
CGX-T
Bruce Campbell (1)

This is the 1st time in a while that there has been a decent pullback (10%) because of the lack of blockbusters. Third and 4th quarters are going to be better. Thinks you will get about a 10% return plus the dividend, giving you a 14%-15% return, with a ton of safety. One of the best management teams out there.


Price: $39.150
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Yes
2014-07-21 WATCH Canadian Natural Rsrcs
CNQ-T
Ron Meisels

Some stocks have run too far while others have already had a correction.  This one could go back to $43 and then it would be a buy.


Price: $48.490
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: Unknown
2014-07-21 COMMENT Canadian National R.R.
CNR-T
Bruce Campbell (1)

Just reported in line with what was expected. The cheaper rails tend to be US because the 2 Canadian rails have done so well. He is currently in CSX Corp (CSX-N), which is at about a 5 multiple discount. This one has the best operation in North America.


Price: $72.950
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: No
2014-07-21 BUY Crescent Point Energy Corp
CPG-T
Bruce Campbell (1)

The 6% plus dividend yield is not a concern to him. Lots of growth in production. This is a good entry point. He sees this going back to $50-$52 a year from now.


Price: $44.160
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Yes
2014-07-21 WEAK BUY Cequence Energy Ltd.
CQE-T
Ron Meisels

Nat. Gas. Made a nice base after a sell off.  It went into a trading range, building a base.  This year it had a break out and an up leg.  We are now going through a bit of a correction and now it is starting to be a good stock to be in. 


Price: $2.320
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: Unknown
2014-07-21 HOLD Cequence Energy Ltd.
CQE-T
Bruce Campbell (1)

Things were doing well and had a little bit of a selloff because of the gas side. Long-term it is fine, and the balance sheet looks fine. (See Top Picks.)


Price: $2.320
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: No
2014-07-21 WATCH Corby Spirit and Wine (A)
CSW.A-T
Ron Meisels

He prefers to follow the most widely held of the .A and .B stocks.  It should have support about where it is and if it breaks it it will continue down.  


Price: $20.330
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: Unknown
2014-07-21 COMMENT Canadian Tire Corporation Ltd. (A)
CTC.A-T
Bruce Campbell (1)

What extent does the duel class share structure impact the quality of its corporate governance, and its value as an investment? It does impact it, and this one doesn’t have the best corporate governance of any company out there. The duel share structure in Canada is disappearing company by company, and he thinks this will disappear in the next generation. Even though the stock has done well, you get a bit of the discount, and it probably should trade $5-$10 higher. It will get fixed when it gets taken over or the family dies. If you have a long-term view, you’re probably going to get some extra payment at some point.


Price: $102.010
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Unknown
2014-07-21 WAIT Denison Mines Corp
DML-T
Ron Meisels

It tested the low of 2012 at the end of 2013, but did not go lower and that is a significant point.  Now it is meandering and you need to see what it is going to do.  Wait for a break out.


Price: $1.480
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: Unknown
2014-07-21 TOP PICK Encana Corp
ECA-T
Ron Meisels

It is almost all pulled back.  A huge base and then a break out.  We had one leg and now we will get the second.  Buy it today or tomorrow.


Price: $23.110
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: Yes
2014-07-21 DON'T BUY Encana Corp
ECA-T
Bruce Campbell (1)

A gassy stock. After PrairieSky Royalty (PSK-T) established its level and trading in a pretty tight range now, you got Encana pulling back now with the other gas stocks. He prefers something smaller and more nimble with better growth. (See Top Picks.)


Price: $23.110
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: No
2014-07-21 BUY Element Financial
EFN-T
Bruce Campbell (1)

Had this as a Top Pick previously. Still likes it. Have made a number of large acquisitions in the last year. Now have the balance sheet leveraged enough, he thinks, that there is US interest. You are looking at an earnings progression something like $0.60, $1 and $1.40. Big, big growth coming in the next two years. He thinks it will be at $17-$18.


Price: $14.080
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Yes
2014-07-21 BUY General Electric
GE-N
Bruce Campbell (1)

Likes this. Going back to its industrial roots means that you’ve got growth. You probably get a higher multiple because the market would then like it.


Price: $25.980
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Yes
2014-07-21 PARTIAL SELL Gibson Energy
GEI-T
Bruce Campbell (1)

This and a lot of the midstream companies have done well. It’s just what the market wants, a combination of a little better growth and some yield. Doesn’t think this is repeatable, and is a bit of a problem here. Getting to the point where it is pretty fully valued. If there was a pullback, this is one that would pull back fairly sharply, such as 10%. If you own, consider selling half.


Price: $33.470
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: No
2014-07-21 HOLD Gilead Sciences Inc.
GILD-Q
Ron Meisels

Like all high stocks went through a huge base building since 2002 and finally broke out.  It is staying above its 40 day moving average.  Stay with it.


Price: $88.860
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: Unknown
2014-07-21 TOP PICK Husky Energy
HSE-T
Ron Meisels

(Top Pick Jan 20/14, Up 4.08%) It is in a major uptrend although it went through a correction recently.  This is an ideal buying opportunity.  Average up, rather than down.  It had a double base and then a break out.  It is pulling back so as to provide another buying opportunity.


Price: $34.260
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: Yes
2014-07-21 DON'T BUY Ithaca Energy Inc.
IAE-T
Ron Meisels

Base building through mid-’13 to mid-’13.  Now it is going through a horizontal trading range.  $2.30 is important support.


Price: $2.500
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: Unknown
2014-07-21 PAST TOP PICK INGRAM MICRO INC.
IM-N
Ron Meisels

(Top Pick Jan 20/14, Up 18.17%) It started out with a huge base and then it took off.  It still has good upside potential.


Price: $29.780
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: Yes
2014-07-21 PAST TOP PICK Legacy Oil and Gas Inc.
LEG-T
Bruce Campbell (1)

(A Top Pick July 23/13. Up 36.86%.) Good management. Got their balance sheet stretched a year ago, and it was standing out like a sore thumb, as being cheap. They fixed it by doing a couple of acquisitions and fixing the balance sheet. Thinks this could be at $12 in the next year.


Price: $8.540
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Yes
2014-07-21 BUY on WEAKNESS Martinrea
MRE-T
Ron Meisels

Nice uptrend this year.  People may be behaving in such a way as to suggest a correction is possible.  $11 could be a pullback target. 


Price: $12.380
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: Unknown
2014-07-21 BUY Methanex Corp
MX-T
Ron Meisels

We had a huge break out at the end of 2012 and what we had was the leg up after that.  It had a correction and now seems to be starting another up leg.  Make sure it does not go below $65.


Price: $71.190
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: Unknown
2014-07-21 COMMENT Open Text
OTC-T
Bruce Campbell (1)

There aren’t too many choices of technology stocks in Canada. He has gone to the US for his technology. This one is fine, but you can find deeper companies in the US, and he wants some exposure there, so it is a natural area to go to.


Price: $51.280
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: No
2014-07-21 HOLD Pfizer Inc
PFE-N
Ron Meisels

Made a ‘W’ base in 2009/10 and then started an uptrend.  Now it has been doing a bit of top building.  Make sure if you own it, don’t let it go below $28 (stop loss).


Price: $30.350
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: Unknown
2014-07-21 TOP PICK Paramount Resources
POU-T
Bruce Campbell (1)

Gas producer. Has fantastic growth. They are going to double production, and cash flow is going to jump in 2015, and then again in 2016. The Riddell family is in on this, and they are very sharp. They basically run it like a private company and think 10 years ahead. He thinks this is a $75 stock.


Price: $55.590
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Yes
2014-07-21 BUY on WEAKNESS Petrowest Corp
PRW-T
Ron Meisels

Participating well in the uptrend in energy stocks.  The stock might need a bit of a pull back here.  The stock looks good otherwise.


Price: $1.380
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: Unknown
2014-07-21 HOLD Royal Bank
RY-T
Ron Meisels

All the banks have had a major base building and a major beginning of an uptrend.  However they are all extended and a little pause would provide a better buying opportunity at around $75.


Price: $79.950
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: Unknown
2014-07-21 COMMENT Shaw Communication (B)
SJR.B-T
Bruce Campbell (1)

Trend for cable is down a little bit. People are using Netflix, and we have 553 channels, and you have all of that to overcome. That is a difficult environment to be in. Dividend is fine. They are more likely to be a buyer than a seller. He could see them buying Corus Entertainment (CJR.B-T), and they could eventually be bought by Rogers (RCI.B-T), or split up into pieces.


Price: $27.470
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: No
2014-07-21 HOLD Sunlife Financial
SLF-T
Bruce Campbell (1)

This will get benefits from higher interest rates, which he thinks are coming at some point. Decent earnings growth in the 10%-12% range. Nice dividend. Prefers Manulife (MFC-T) because of their Asian exposure.


Price: $40.820
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: No
2014-07-21 COMMENT Silver Wheaton
SLW-T
Bruce Campbell (1)

This is probably good for a trade. The ”go to” silver stock. If you get a good seasonal trade, and gold goes to $1400, you’ll see this one get push to $32. You are looking at 10%-15% gain.


Price: $28.660
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Unknown
2014-07-21 DON'T BUY Spartan Energy Corp
SPE-T
Ron Meisels

Seasonality?  Some energy stocks have had a good move and others have already had their correction.  This one had a huge move and then a correction and then a drastic move and then should have another correction.  It might re-test previous lows.


Price: $3.900
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: Unknown
2014-07-21 HOLD Suncor Energy Inc
SU-T
Ron Meisels

Probably needs a minor correction after a huge run.  It is well above its 40 week moving average.  It could correct or just stop moving. 


Price: $44.590
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: Unknown
2014-07-21 COMMENT Twin Butte Energy
TBE-T
Larry Berman CFA, CMT, CTA

This is probably the space where a lot of the growth is going to come from in the next number of years.  There is a massive trading range and we are at the lower end of that range.  But this sector has done reasonably well in the last year or so, but this stock has not, so you have to question it.  It is near support right here.


Price: $1.670
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2014-07-21 HOLD Twin Butte Energy
TBE-T
Ron Meisels

Trend line since 2011 is down.  The trend is your friend, but this stock is not your friend.


Price: $1.670
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: Unknown
2014-07-21 BUY on WEAKNESS Toronto Dominion
TD-T
Bruce Campbell (1)

Had been hoping this would pull back one or two dollars, so he could Buy for new clients. At $52-$53, he would be all over it. Earnings are coming in August for banks. This one’s will be fine.


Price: $55.440
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Yes
2014-07-21 BUY Tourmaline Oil Corp
TOU-T
Bruce Campbell (1)

A great company. Has pulled back along with all the other gas stocks, even the good ones. Any kind of non-6 week view, to get us to Labour Day, when we may start to see forecasts for colder weather, and see what the October Futures look like, he thinks the stocks recover and this is a buying opportunity. (See Top Picks.)


Price: $51.290
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Unknown
2014-07-21 TOP PICK Trans Canada Corp
TRP-T
Ron Meisels

Good yield, coming out of a big base last summer.  It is looking good with Keystone XL.


Price: $54.280
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: Yes
2014-07-21 PAST TOP PICK UnitedHealth Group Inc
UNH-N
Bruce Campbell (1)

(A Top Pick July 23/13. Up 18.88%.) There was a feeling they were going to get hurt by Obama care, but it wasn’t. Two weeks ago consensus was $126, and they reported $142 for the quarter, 2 quarters in a row of above-average growth. A nice safe place to hide and have exposure to the US healthcare.


Price: $85.060
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Yes
2014-07-21 COMMENT Western Forest Products Inc.
WEF-T
Bruce Campbell (1)

This is the junior small play in the area, so it is more volatile. He owned the bigger play, and sold it about 3 months ago, and has been considering getting back in this sector. Because of the overhang by Brookfield on this one, he would prefer West Fraser Timber (WFT-T) or Interfor (IFP-T). The 1st sign of improvement in the housing market, might be the buying opportunity.


Price: $2.190
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: No
2014-07-21 WATCH Yamana Gold Inc.
YRI-T
Ron Meisels

Gold:  We had a substantial move on gold and it is trying to find support in the $1200 area so we probably need to re-test lower than where we are.  Some gold stocks still have not come out of their negative period.  FNV-T is an example.  YRI is still below its 40 week moving average.  This looks like it is starting to make a base, but don’t expect to have an immediate upward reaction on this stock.


Price: $8.970
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: Unknown
2014-07-21 BUY on WEAKNESS BMO Equal Weight Bank ETF
ZEB-T
Larry Berman CFA, CMT, CTA

Equally weighted bank ETF.  ZEB-T is the better way to get in.  He would be patient until this ETF gets to the $21 area because he expects a pull back.  Step aside.  There is lots of volatility short term.


Price: $23.630
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2014-07-18 N/A A Comment -- General Comments From an Expert
A Commentary
Mohsin Bashir

Economy. Feels we are in the middle of the economic cycle which has been elongated by central banks. You have the Dow Jones up 3%, S&P up 6% and the TSX up 12%. You are really looking at a continuation of markets chugging along this mid-cycle period, where companies within industrial or technology spaces get the benefit from an increase and a ramp-up in capital expenditure. We are still working in the wake of the great recession, which saw about $400 billion of capital, escape the markets. One of the byproducts of that is that there are companies sitting on $1.7 trillion of cash. That cash is starting to get deployed in the realm of capital expenditure, and you are starting to see a little bit of increase in merger and acquisition activity. An example of a company that would be a beneficiary of the increase in overall infrastructure and industrial buildout would be United Technologies (UTX-N).


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: _N/A
2014-07-18 N/A A Comment -- General Comments From an Expert
A Commentary
John Hood

Markets. It is difficult to see where anything is going to come out and really hit the markets. There could be an adjustment of 10%-20%, but it is going to be short. The markets are going to come back. You could have volatility, but there is nothing out there that is going to push us into something like we had in 2007-2008. Generally earnings have been great and he thinks that is going to continue. Feels the US recovery is real and is going to continue to carry on.


Price: $0.020
Subject: OPTION STRATEGIES & E.T.F.S
Bias: OPTIMISTIC
Owned: _N/A
2014-07-18 N/A A Comment -- General Comments From an Expert
A Commentary
John Hood

In a TFSA account, is it better to buy ETFs or individual stocks? Which stocks or sectors would be a smart bet for a long-term hold? He would recommend an ETF, because how many stocks can you buy in a normal sized TFSA account? ETFs gives you diversification, and avoids the risk of an individual stock. Consider XIU for the Canadian and XSP as well as some of the competitor products from Vanguard. As long as they are good, broad-based ETF’s, you’ll be fine.


Price: $0.020
Subject: OPTION STRATEGIES & E.T.F.S
Bias: OPTIMISTIC
Owned: _N/A
2014-07-18 N/A A Comment -- General Comments From an Expert
A Commentary
John Hood

How would you structure a $60,000 RESP for 2 kids, grade 9 and 6, using ETF’s? You are looking at a 4 to 7 year time horizon. Grade 9 is a relatively short period, so you might go with something with 70% equities and 30% bonds. Consider something like 25% (XIU-T), 25% (XSP-T) along with some bonds in the (XSB-T) with maybe 10% in the (ZWB-T).


Price: $0.020
Subject: OPTION STRATEGIES & E.T.F.S
Bias: OPTIMISTIC
Owned: _N/A
2014-07-18 COMMENT Boeing
BA-N
Mohsin Bashir

Thinks they will benefit from the overall shift towards the more industrial build out. More infrastructure with more people migrating into the middle class space, which means a higher amount of traffic for air travel. With the UK air show going on there is probably some healthy capability for new contracts to be signed. However, in the context of being able to extract value, ideally you would like to go to a company that has pricing power such as a component maker for them, such as United Technologies (UTX-N).


Price: $127.640
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2014-07-18 COMMENT Bank of America
BAC-N
Mohsin Bashir

Still in the process of shaking off its past. Has a good bead into the retail investment space however a better name would be Wells Fargo (WFC-N). He prefers the Canadian banking sector, especially Toronto Dominion (TD-T).


Price: $15.490
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: No
2014-07-18 PAST TOP PICK CASH
CASH
John Hood

(A Top Pick July 5/13.) There was some lingering turmoil going on last year in Europe. He wanted to wait to see what happened, so he just parked the money.


Price: $0.010
Subject: OPTION STRATEGIES & E.T.F.S
Bias: OPTIMISTIC
Owned: Yes
2014-07-18 DON'T BUY iShares 1-5 yr Ladder Corp Bond ETF
CBO-T
John Hood

The problem is, how do you deal with these premium bonds. Very limiting in terms of what you can do to manage that portfolio. He would be more inclined to go towards something that has a broader and much more diversified bond portfolio. He would look at the iShares Cdn Short Term Bond (XSB-T).


Price: $19.720
Subject: OPTION STRATEGIES & E.T.F.S
Bias: OPTIMISTIC
Owned: No
2014-07-18 COMMENT Cineplex Inc
CGX-T
Mohsin Bashir

Last year was actually a peak year in terms of the box office tally. Year to date, there have been 2 elements. 1) A few flops at the box office, and 2) a very long and cold winter. What is important is not just a movie house itself, but their forays into digital media. Also, 40% of their revenue is generated from concessions. They also have 50% ownership in an arcade equipment manufacturer. Feels management is very friendly for the shareholder in being able to extract value. Very robust and healthy yield at 3.8%. At 20X PE it is expensive, but historically that is pretty cheap.


Price: $39.600
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-07-18 TOP PICK Canadian Natural Rsrcs
CNQ-T
Mohsin Bashir

Spinning off tons of cash. One of the largest senior producers in Western Canada, and produce about a million barrels of oil a day. Phase 2 expansion in Horizon as well as its thermal projects, gives it a really good line of sight for amping up its production with another 250 million barrels by 2017. This will mean an extra $2 billion per year of free cash flow available, which could be used for increasing dividends or further asset purchases. Also, have a nice handful of royalty assets that could be spun out. Yield of 1.89%.


Price: $48.320
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-07-18 COMMENT Canadian Pacific Rail
CP-T
Mohsin Bashir

Exceptionally strong in terms of its turnaround that, by and large, has already been orchestrated, and is reflected in the stock price. He is trimming his holdings because of the weighting in portfolios. Has one of the best growth rates, when you look at the “growing crude by rail” story, as well as the requirement to transport grain and intermodal.


Price: $209.090
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-07-18 PAST TOP PICK Crescent Point Energy Corp
CPG-T
Mohsin Bashir

(A Top Pick June 20/13. Up 32.76%.) Has been a beneficiary of the rise in energy. A former trust, so pays a very hefty dividend. Focused on light and medium oil as well as their water flood technology, which really expands the productivity of the recovery capability on their wells. Some pretty good catalysts lining up for this one.


Price: $44.130
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-07-18 COMMENT Facebook
FB-Q
Mohsin Bashir

Somewhat of a unique business proposition, because this has got innovations that have proven to be able to generate revenues. The issue is that the multiple is so high. As a GARP investor it is difficult for him to rationalize this one. Expects you could see a good 10%-15% reasonable result from here.


Price: $68.420
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: No
2014-07-18 BUY on WEAKNESS Goldcorp Inc
G-T
Mohsin Bashir

This would have been a buy earlier in the year in the lower $20’s. Now it looks like it has woken up from the dead. A little bit rich here, but is probably one of his favourites. Good set of assets and good management team. You probably should wait for the stock price to cool off.


Price: $29.990
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-07-18 COMMENT General Electric
GE-N
Mohsin Bashir

In the process of streamlining its business. They are trying to parcel out the financial arm of the business. This helps them to hone in on what is really doing well for them, the industrial front, jet engine, power generation, etc. Have their hand in so many different areas. If the biggest growth component is on the industrial front, he would probably look to a company that is a little more honed in on that space such as United Technologies (UTX-N).


Price: $26.460
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2014-07-18 HOLD Glaxosmithkline PLC
GSK-N
Mohsin Bashir

Although listed in the US, this is really a European name, but diversified across about 140 different countries. Even though they may not be as diversified as its peers, they have a pretty decent focus and mixture. Focused mainly on vaccines and drug R&D, but also have some pretty well-known consumer product brands that people are familiar with. The issue is that it is a little bit more focused on the hefty dividend payment. Payout ratio is about 70% while its peers are more like 50%-60%. Because of this the multiple is lower, and trades at a discount to the others.


Price: $53.720
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: No
2014-07-18 COMMENT HBP NYMEX Nat'l Gas Bull+
HNU-T
John Hood

This is a very interesting one. People buy these things and everybody has been waiting for natural gas to do very, very well. Feels you have to look a little bit beyond this one.


Price: $11.830
Subject: OPTION STRATEGIES & E.T.F.S
Bias: OPTIMISTIC
Owned: Unknown
2014-07-18 PAST TOP PICK International Flavors & Fragrances
IFF-N
Mohsin Bashir

(A Top Pick June 20/13. Up 38.26%.) An exceptionally interesting company that is so little known and so little talked about. What is really well-known are some of their customers, Heinz, L’Oreal, Unilever, etc. Pretty much any food or fragrance or anything that has a taste or aroma to it, this company is responsible in some way, shape or form. This is what gives them the added benefit of pricing power.


Price: $104.290
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-07-18 COMMENT Keyera Corp
KEY-T
Mohsin Bashir

Holds this and is very happy with it. Good management. Has been trimming his holdings at around $79, and moving out of that sector and into mid-cycle names. Feels this particular area is going to have a challenging time should rising interest rates come in. These are effectively fixed income proxies in the utility space. Feels there are headwinds on a go forward basis. If you are an investor that is focused on a consistent and healthy dividend income, he would look at picking up a name like this because the management team is so wonderful. Would prefer in the low $70’s.


Price: $78.660
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-07-18 TOP PICK Matthews International
MATW-Q
Mohsin Bashir

One of the most important key suppliers to the death care industry, in supplying caskets and cremation equipment to funeral homes. Own 70% market share in bronze and granite memorials. In the US there are a higher number of people that are opting for cremation, about 36%, which is forecasted to grow to about 56% in 10 years. Yield of 1.03%.


Price: $43.130
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-07-18 TOP PICK Medtronic Inc
MDT-N
Mohsin Bashir

On the cusp of a transformational acquisition, the $43 billion purchase of Covidian (COV-N). This changes their headquarters with a tax inversion deal, making Covidian a 30% owner of the new Medtronic. In order for a tax inversion to take place, you have to own at least 20%, so maybe the extra buffer of 30% will appease regulators, and keep everybody happy. This would allow them to have foreign profit, somewhere in the realm of about $14 billion, and be able to re-disperse them among their existing shareholders. A good line of sight for a growing dividend, further share buybacks, as well as future tuck in acquisitions. This deal would make them the biggest and most diversified medical devices company globally. Also, developing a series of new products. Yield of 1.97%.


Price: $62.360
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-07-18 COMMENT Manulife Financial
MFC-T
Mohsin Bashir

One of those companies that can benefit from a rising interest rate environment. The only thing that has kept him away from this company has been the comparison of its valuation multiple relative to the multiple of the banks. The banks actually work out cheaper. While interest rates are still low, there is more leverage to generate more cash flows from a bank than a company like this.


Price: $22.060
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: No
2014-07-18 BUY on WEAKNESS Potash Corp of Saskatchewan
POT-T
Mohsin Bashir

Contracts for potash pricing have come down quite substantially. Have shortened up in terms of the duration, so there is an element of expectation that these prices may not be so depressed for an extended period of time. Feels the stock has really gotten ahead of itself. He would be an owner in the low $30’s or below $30. Agrium (AGU-T) would be a better, more diversified play, and also has a better growth profile.


Price: $38.730
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: No
2014-07-18 COMMENT Schwab US Broad Market ETF
SCHB-N
John Hood

This is probably the cheapest he has seen at about 4 basis points for the MER versus 250 basis points for a mutual fund. There’s certainly nothing wrong with this, and is a very good product.


Price: $47.940
Subject: OPTION STRATEGIES & E.T.F.S
Bias: OPTIMISTIC
Owned: No
2014-07-18 HOLD Suncor Energy Inc
SU-T
Mohsin Bashir

Has exceptionally good assets, great management team and increased dividends. You also have the advantage of refining capacity. It’s not just a matter of being able to extract heavy oil out of the ground, but you have to go through the processes of refining it. This company probably has some of the best operations in the country.


Price: $44.620
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-07-18 PAST TOP PICK Thermo Electron Corp
TMO-N
Mohsin Bashir

(A Top Pick June 20/13. Up 47.16%.) Saw a transformational acquisition, when they decided to purchase Life Technologies. It really expanded their network, and gave them the ability to cross sell their products in new markets. Even though it is still early days for them to realize the synergies, there could be earnings north of $7 a share going forward. Paying down their debt, but also streamlining the business by selling one of their lab equipment and supply companies.


Price: $121.000
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-07-18 DON'T BUY Trans Canada Corp
TRP-T
Mohsin Bashir

There has been an increase in food inflation, and he thinks that is going to spell a rise in interest rates eventually. Wait for a better time on this. Sees their catalyst as the mainline reversal through Eastern Canada, but the valuation is rich. To add to his holdings, he would probably look at something under $50.


Price: $54.430
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-07-18 COMMENT Domtar Corp.
UFS-T
Mohsin Bashir

Has been able to reinvent itself, and focus on the consumable areas. This is going to be a positive on a go forward basis in terms of their operating margins. However, he would like to see proof in the pudding.


Price: $43.680
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: No
2014-07-18 TOP PICK Vangrd European E.T.F.
VGK-N
John Hood

This is about 600 European stocks, of which about 30% is UK. There are a number of European ETF’s, but likes this one because it is well diversified.


Price: $58.970
Subject: OPTION STRATEGIES & E.T.F.S
Bias: OPTIMISTIC
Owned: Yes
2014-07-18 COMMENT CBOE Volatility Index
VIX-I
John Hood

This is a high-stakes game and a risky one, because it is trading on volatility. If you like to gamble, you can play this, but if you are a more conservative investor, stay out.


Price: $12.060
Subject: OPTION STRATEGIES & E.T.F.S
Bias: OPTIMISTIC
Owned: Unknown
2014-07-18 TOP PICK Vanguard Total Stock Market ETF
VTI-N
John Hood

Has about 3400-3500 holdings. It is basically the whole market including large caps, small caps, mid-cap and micro-cap. If the recovery is real, this will be picking up the smaller players as well. It will be more volatile if the market turns down.


Price: $102.140
Subject: OPTION STRATEGIES & E.T.F.S
Bias: OPTIMISTIC
Owned: No
2014-07-18 PAST TOP PICK Vanguard Large Cap ETF
VV-N
John Hood

(A Top Pick July 5/13. Up 23.89%.) Strictly US and has 640 companies. Very low cost. Good place to be.


Price: $90.740
Subject: OPTION STRATEGIES & E.T.F.S
Bias: OPTIMISTIC
Owned: Yes
2014-07-18 PAST TOP PICK iUnits S&P/TSX Capped Energy ETF
XEG-T
John Hood

(A Top Pick July 5/13. Up 32.64%.) There was some pullback in the last few days because Libyan oil is coming on stream, and there is more and more US self-sufficiency. Nevertheless, he still likes this.


Price: $20.240
Subject: OPTION STRATEGIES & E.T.F.S
Bias: OPTIMISTIC
Owned: Yes
2014-07-18 TOP PICK iShares S&P/TSX Equity Income
XEI-T
John Hood

Used to think it was too expensive, but when Blackrock chopped the prices on a number of their ETF’s, including this one, it made it worthwhile. Plus it is paying a dividend of about 4%. This is more for his income focused accounts.


Price: $23.490
Subject: OPTION STRATEGIES & E.T.F.S
Bias: OPTIMISTIC
Owned: Yes
2014-07-18 COMMENT iUnits S&P Financial
XFN-T
John Hood

This has done very well, and he would have no problem with holding this. He doesn’t buy this because he already has exposure to banks through covered calls, which he prefers.


Price: $31.890
Subject: OPTION STRATEGIES & E.T.F.S
Bias: OPTIMISTIC
Owned: No
2014-07-18 COMMENT iShares CNX Nifty India
XID-T
John Hood

With the new government in India, it is much more positive for business. This is a good product.


Price: $24.170
Subject: OPTION STRATEGIES & E.T.F.S
Bias: OPTIMISTIC
Owned: No
2014-07-18 COMMENT iShares S&P 500 (CAD-Hedged) ETF
XSP-T
John Hood

Canadian ETF with US stocks giving a Canadian dividend tax credit? The reality is that any foreign dividend comes through as “income”, and you can’t avoid that. He would normally buy this one, which is hedged.


Price: $22.720
Subject: OPTION STRATEGIES & E.T.F.S
Bias: OPTIMISTIC
Owned: Unknown
2014-07-18 COMMENT iShares Diversified Monthly IF ETF
XTR-T
John Hood

This is a former income trust and is now a compendium of income focused equities. He doesn’t particularly like it. On the surface it has a very good yield, but you should never trust yield. He would suggest looking at ZWB-T or ZWA-T rather than this one.


Price: $12.350
Subject: OPTION STRATEGIES & E.T.F.S
Bias: OPTIMISTIC
Owned: Unknown
2014-07-18 COMMENT BMO Equal Weight Utilities Index ETF
ZUT-T
John Hood

Allow Puts to be bought for protection? This could be an interesting idea, but the problem is that this ETF doesn’t have options. What you could do to protect gains is to just put in a Stop order.


Price: $15.430
Subject: OPTION STRATEGIES & E.T.F.S
Bias: OPTIMISTIC
Owned: Unknown
2014-07-18 BUY BMO Dow Jones Indus. Avg. Hedge ETF
ZWA-T
John Hood

This is lightly traded, but it doesn’t matter. You’ll be fine. The Covered Calls are treated as capital gains. A good product.


Price: $19.680
Subject: OPTION STRATEGIES & E.T.F.S
Bias: OPTIMISTIC
Owned: Yes
2014-07-18 COMMENT BMO US High Dividend C. C. ETF
ZWH-T
John Hood

Likes this product. Only 50% of the stocks on this have Covered Calls against them, so you still have the upside of the other 50%. You are really doing this one for the income, not growth.


Price: $15.870
Subject: OPTION STRATEGIES & E.T.F.S
Bias: OPTIMISTIC
Owned: Yes
2014-07-17 N/A A Comment -- General Comments From an Expert
A Commentary
Robert Lauzon

Investing.  You always have volatility in oil, be it geopolitical, or whatever.  We could have $100 or so as the floor for oil for the next few days or so.  There is $15 in the oil price for reserves that are off line around the world.  It will trade around $100 for a while.  Gas is a buying opportunity now that we are trading back at the $4 level. Thinks we will almost get our gas reserves up to where they should be by winter.  Our cool summer is bad for Natural Gas, but he thinks we will have another cold winter.  There are hot oceans in the Pacific east that are causing rain to keep our temperatures lower.  He is predicting a $5-$6 gas price over the next few years. 


Price: $0.020
Subject: ENERGY
Bias: OPTIMISTIC
Owned: _N/A
2014-07-17 N/A A Comment -- General Comments From an Expert
A Commentary
Keith Richards

Markets. Discussed a Zigzag tool, a filter that filters out all the choppy stuff. This tries to pick significant rallies and significant pullbacks. This can be set to look for movements of any percentage you want. He set it for 5% or more, and was looking for how many months there were, on average, between rallies where there would be a 5% or more correction. Since the beginning of the bull market, there are a lot of 4, 5 and 6 month periods that met the criteria. Chart indicates this current rally is a little long in the tooth. Seasonally there tends to be a soft spot between mid-January and around the end of August. Any pullback that we get would be an opportunity to Buy. Currently we are in the midst of a new secular bull market that is right for probably another 10 years, but that is not to say that we can’t get a 20%-25% correction somewhere along the way.


Price: $0.020
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: _N/A
2014-07-17 N/A A Comment -- General Comments From an Expert
A Commentary
Keith Richards

Gold. There is a little bit of a lid of around $1,330 on gold right now. Seasonally there is a lot going for gold over the next couple of months. He thinks it just may break out, but as a conservative trader, he’ll wait for it to breakout before entering.


Price: $0.020
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: _N/A
2014-07-17 N/A A Comment -- General Comments From an Expert
A Commentary
Keith Richards

Stop loss orders. How do you set and adjust the Stop price in an up-trend? Rather than using physical stop losses, use trend lines and support levels. If you see the technical support has been broken, you don’t put in a Stop Loss or a Sell order, execute your trade at that time and give it a couple of days to see if it holds. Make your Stop Loss orders mental rather than physical.


Price: $0.020
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: _N/A
2014-07-17 COMMENT AutoCanada Inc.
ACQ-T
Keith Richards

This looks like a typical pullback after a strong move. You need the little bit of profit taking to pause the momentum. He would bet that momentum indicators would be out of control high.


Price: $75.280
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Unknown
2014-07-17 COMMENT Agrium
AGU-T
Keith Richards

There is a little bit of rolling over going on. On the 1 year chart, the trendline was broken down in March. Buyers are coming in around the $100 area, and that point has been broken. It rallied today up to the neck line. He would like to see if that fails, which it often does, and heads down further. Be cautious right now.


Price: $98.170
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Unknown
2014-07-17 COMMENT BlackBerry
BB-T
Keith Richards

Short? Maybe not a bad idea. Chart indicates it is targeting at around $8. If you are so inclined, and a speculator, it might not be a bad Short. You certainly wouldn’t want to be Long the way it is looking right now.


Price: $10.490
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Unknown
2014-07-17 DON'T BUY Bonavista Energy Corp
BNP-T
Keith Richards

Short term chart shows a long uptrend from November through to March followed by a broken neckline, and then a drop to the current price.. He sees a support at around $13.50, which you want to see it bounce off of. You only want to buy when it moves up.


Price: $14.570
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Unknown
2014-07-17 HOLD CAE Inc
CAE-T
Keith Richards

Likes this. Technically it got overbought in March. Was surprised that it hadn’t had a bit of a pullback before now. This is finding support just under $14. Stock is relatively safe because the big breakout that happened is a strong, solid breakout because it had been consolidating for several years. Feels the stock, over time, could go considerably higher, as much as into the $20 range.


Price: $13.890
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Yes
2014-07-17 TOP PICK CASH
CASH
Keith Richards

(A Top Pick May 27/14.) Originally he held about 25%-26% cash, but recently deployed about 5%, so is now down around 21%. Likes to see some cash right up until October. Thinks that over the next few weeks, there is a reasonable opportunity for a pullback, and he wants the cash to Buy some good stuff.


Price: $0.010
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Yes
2014-07-17 COMMENT Cameco Corporation
CCO-T
Keith Richards

You want to look for a confirmation of a bottom on a chart. He wants to see that it breaks out of the little consolidation period of June and July, along with some volume to support that. Also, wants to see it stay above that for a few days. If it stays above the $21.50 level for at least 3 days, then you want to buy as it breaks out.


Price: $21.820
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Unknown
2014-07-17 BUY Canadian Energy Services & Technology
CEU-T
Robert Lauzon

Just did a financing.  Likes the visibility for this company.  Propriety fluids and liquids for drillers. 


Price: $30.900
Subject: ENERGY
Bias: OPTIMISTIC
Owned: Yes
2014-07-17 STRONG BUY Cequence Energy Ltd.
CQE-T
Robert Lauzon

Number 4 or 5 in his fund.  Pulled back after selling assets, but in his opinion is now a better company.  It is down really hard today.  You have to have a 6 to 12 months horizon.


Price: $2.340
Subject: ENERGY
Bias: OPTIMISTIC
Owned: Unknown
2014-07-17 WATCH Cequence Energy Ltd.
CQE-T
Keith Richards

The 1 year chart shows a good long base from August through to February. Then it broke out, which was a great time to buy. Chart shows a little bit of a breakdown, but it may not be game over because often you will see that you can get a test of the old breakout point. That may be what this is doing. If it successfully tests and bounces off, wait for 3 days, which could be a very good trade.


Price: $2.340
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Unknown
2014-07-17 HOLD Cenovus Energy
CVE-T
Robert Lauzon

Has lagged the seniors.  Struggled with production targets.  Using more steam to get the oil out.  He thinks a lot of that is behind it.  It is going to be dull and boring, but for a two to three year hold you will do quite well.  Prefers CNQ, but don’t sell it if you own it.


Price: $33.150
Subject: ENERGY
Bias: OPTIMISTIC
Owned: Unknown
2014-07-17 STRONG BUY Delphi Energy Corp.
DEE-T
Robert Lauzon

Still likes it tremendously. You won’t see 100% return like in the past, but you have room for it to go higher over the next 12 months.  The big spike was an increase in market multiple and the multiple expansion in all Natural Gas Stocks.  They may sell a non-core asset and raise cash to buy a new higher speed drill rig. 


Price: $3.680
Subject: ENERGY
Bias: OPTIMISTIC
Owned: Yes
2014-07-17 COMMENT DragonWave Inc.
DWI-T
Keith Richards

Formed a little bit of a consolidation, and then broke out and is now coming back again. Often you will see, when you get a bit of a breakout on a consolidation, a stock will come down and test the area, in this case at around $2. Watch to see if it can test the $2, and stay above it. The longer term chart is bearish. He wouldn’t trade it for the long term because the bigger picture is Down.


Price: $2.090
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Unknown
2014-07-17 PARTIAL SELL Encana Corp
ECA-T
Robert Lauzon

The big run and the easy money is over.  Likes the natural gas.  Take some money off the table due to lack of catalysts.


Price: $22.920
Subject: ENERGY
Bias: OPTIMISTIC
Owned: Unknown
2014-07-17 TOP PICK Encana Corp
ECA-T
Keith Richards

Longer-term chart shows this had been in the doldrums during 2012 and 2013, and then broke out. It is now coming back to test the breakout. It could fall another $1, and he would consider picking up more. Yield of 1.31%.


Price: $22.920
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Yes
2014-07-17 COMMENT Element Financial
EFN-T
Keith Richards

This has been in a trading range for the better part of a year or more. You try to buy at the bottom of the trading range as it bounces off. There could be some upside to the general resistance level of about $14.70, and could be worth a short-term trade. Until it breaks out of that choppy sideways formation, he doesn’t know if he would be a long-term investor on this. Would probably be more inclined to trade it.


Price: $14.050
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Unknown
2014-07-17 PAST TOP PICK Enerplus Corp
ERF-T
Robert Lauzon

(Top Pick Aug 15/13, Up 52.37%) New management; being more efficient with assets.  Still undervalued.


Price: $24.980
Subject: ENERGY
Bias: OPTIMISTIC
Owned: Yes
2014-07-17 TOP PICK CGI Group (A)
GIB.A-T
Keith Richards

On the short term, it is starting to show a bit of an upswing. The long term chart shows a long-term upward trend is in place. Thinks the stock is going to continue on its merry way, because they just keep landing contracts and the trend is in place. A great story.


Price: $38.060
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Yes
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