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

Recent Opinions

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Date Signal Company Expert Opinion Price
2016-05-27 N/A A Comment -- General Comments From an Expert
A Commentary
Eric Nuttall

Economy. Coming into this year we had the fear of weak demand, similar to January 2015 when everybody was freaking out about a weak China and a weak global economy. Fast-forward to the end of 2015 which showed the strongest growth in 5 years. The same pattern is coming to pass this year, where once again China’s weak global economy is perceived to be weak, and yet demand is growing by about 1.4 million barrels per day. The issue was oversupply which is now almost approaching zero, courtesy of very strong demand and supply falling off the cliff, not just in the US. US production is now down to about 800,000 barrels a day from the peak. That trend will continue until we get a high enough oil price to allow for an increase in activity in the US. The rig count now is at about half of where it needs to be able to maintain flat production, let alone to grow production. For 2017, 2018 and 2019, unless we incentivize an increase in activity in the US, he thinks we will be short of oil and we will get a price hike. He thinks we are going to see $60-$65 in the next 6-12 months. January and February was the worst period in the history of the oil and gas business. We have come through that period and the worst is over.


Price: $0.020
Subject: CANADIAN SMALL & MIDCAPS
Bias: OPTIMISTIC on OIL
Owned: _N/A
2016-05-27 N/A A Comment -- General Comments From an Expert
A Commentary
David Cockfield

Markets. We’ve had a pretty good run and are at a bit of a resistance point. Feels we are going to work our way through that, but it may take a while. Energy stocks have been a big driver, and we will have to wait to see if $50 a barrel is attainable and can hold for a while. There is a lot of speculation out there, and it could be speculation rather than demand. This may take a few weeks. He is a great believer that the US housing market has a lot of ground to make up. The fact that it costs more to rent than it does to buy a house will put pressure on. Housing start numbers swing back and forth, but the existing number on sales is quite good. This is a huge area which includes refrigerators, air conditioners, carpets, furniture, etc.


Price: $0.020
Subject: CANADIAN & ETF's
Bias: OPTIMISTIC
Owned: _N/A
2016-05-27 DON'T BUY A Comment -- General Comments From an Expert
A Commentary
David Cockfield

Natural gas? This is a sector where technology has made it a lot cheaper to produce. In North America we have a surplus of gas. There are still some major areas in the US that are still developing. A terrible area to be in. He eliminated all of his gas stocks.


Price: $0.020
Subject: CANADIAN & ETF's
Bias: OPTIMISTIC
Owned: No
2016-05-27 COMMENT Altagas Ltd
ALA-T
David Cockfield

Likes the stock because it has excellent management, pays a good dividend, and is a way to have a piece of the energy side without taking too much risk. They have now got into a potential export of propane. 6.5% dividend yield.


Price: $30.360
Subject: CANADIAN & ETF's
Bias: OPTIMISTIC
Owned: No
2016-05-27 COMMENT Bombardier Inc (B)
BBD.B-T
David Cockfield

Has a few shares, but by clients’ direction. Considers this as a high risk situation. It is very tempting, because they are making progress. He wants to see planes actually taking off, which could convince the industry as a whole that it is a good plane. However, that may be 6-12 months down the road. The basic balance sheet situation is still troubling.


Price: $2.000
Subject: CANADIAN & ETF's
Bias: OPTIMISTIC
Owned: Yes
2016-05-27 PARTIAL BUY BCE Inc.
BCE-T
David Cockfield

This has had a really good run. He would tend to sit on the sidelines and see how the market does in the next few weeks. Alternatively, you could buy half of what you want. This is a core position for him. The dividend is great and they keep increasing it.


Price: $60.480
Subject: CANADIAN & ETF's
Bias: OPTIMISTIC
Owned: Yes
2016-05-27 COMMENT Birchcliff Energy Ltd.
BIR-T
Eric Nuttall

The vast majority of production is dry natural gas, and has rallied along with the whole group. As people get more optimistic on oil prices, he can feel an undercurrent of euphoria on natural gas. This is on his radar screen. Thinks gas is going to get pretty damn ugly in the next couple of months. He would like a better entry point. This is probably the best way to play the natural gas leverage.


Price: $5.620
Subject: CANADIAN SMALL & MIDCAPS
Bias: OPTIMISTIC on OIL
Owned: No
2016-05-27 COMMENT Bonavista Energy Corp
BNP-T
Eric Nuttall

His only hang-up is that they have $1.2 billion in debt and just raised $100 million. They still have $1.1 billion of debt, and relating that to the amount of cash flow they’ve been generating, it is still about 3.5X, which is too high. He would rather buy names that have way less debt, which means that as oil prices recover they will be generating more free cash flow than they can deploy into the field, and can compress their multiples.


Price: $3.350
Subject: CANADIAN SMALL & MIDCAPS
Bias: OPTIMISTIC on OIL
Owned: Unknown
2016-05-27 PAST TOP PICK Brookfield Property Partners
BPY.UN-T
David Cockfield

(A Top Pick May 22/15. Up 16.88%.) Has been more volatile than what he really likes. This is a multinational and is all over the world. It’s big commercial projects and even some residential stuff. It’s in Australia, New York, Brazil and in Canada. Pays a reasonable dividend, and the Brookfield people are very smart managers. Dividend yield of 4.65%.


Price: $31.310
Subject: CANADIAN & ETF's
Bias: OPTIMISTIC
Owned: Yes
2016-05-27 PARTIAL SELL Baytex Energy Corp
BTE-T
Eric Nuttall

Given that they don’t have to pay a dividend any more, free cash flow would come down to maintenance capital to maintain flat production levels. His guess is that it would be in the mid-$40, because their heavy oil required a price of around $33-$34 for about half the production, and the remaining half is liquids rich gas plus light oil. If you own, consider trimming.


Price: $6.200
Subject: CANADIAN SMALL & MIDCAPS
Bias: OPTIMISTIC on OIL
Owned: Unknown
2016-05-27 COMMENT Baytex Energy Corp
BTE-T
Eric Nuttall

(Market Call Minute.) This had a huge move, and has reached his fundamental target.


Price: $6.200
Subject: CANADIAN SMALL & MIDCAPS
Bias: OPTIMISTIC on OIL
Owned: Unknown
2016-05-27 TOP PICK Baytex Energy Corp
BTE-T
David Cockfield

One of the better energy companies. It is heavy oil, but is pumpable heavy oil, and the Canadian Western select price has done quite well. They also have a significant holding in the Eagleford Texas shales, which could be back in the limelight at $50+. A well-managed company. Still a risky situation.


Price: $6.200
Subject: CANADIAN & ETF's
Bias: OPTIMISTIC
Owned: Yes
2016-05-27 WAIT iShares Gold Bullion ETF
CGL-T
David Cockfield

iShares Gold Bullion (CGL-T) or iShares Comex Gold (IGT-T)? This one probably meets your needs, however thinks it is too early for gold. Gold had quite a little rally. If the Fed raises rates and the US$ strengthens, which it will, gold will take a hit. Gold has really worked in the past because of inflation, and we really don’t have that yet. Central banks globally are working on getting inflation going, and it is probably going to start in the US first. Before then, it is pure speculation.


Price: $10.690
Subject: CANADIAN & ETF's
Bias: OPTIMISTIC
Owned: Unknown
2016-05-27 TOP PICK Cardinal Energy Ltd
CJ-T
Eric Nuttall

This has been lagging the group even though it has a great balance sheet. This company was a rock star in the oil bull days because of management, low decline rate, clean balance sheet and 80% of their production is medium gravity oil. He is looking for 50% upside from today’s share price. Dividend yield of 4.35%.


Price: $9.780
Subject: CANADIAN SMALL & MIDCAPS
Bias: OPTIMISTIC on OIL
Owned: Yes
2016-05-27 HOLD Canadian Imperial Bank of Commerce
CM-T
David Cockfield

This has not been his favourite bank. Canadian banks have gone through a difficult market period, simply because there has been significant Shorting of them in New York. However, those Shorts haven’t got a clue about how the Canadian banking system works. This is a good long term hold. The dividend is okay and he thinks you will see increased dividends. (See Top Picks.)


Price: $102.190
Subject: CANADIAN & ETF's
Bias: OPTIMISTIC
Owned: Yes
Showing 1 to 15 of 152,201 entries
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