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

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Date Signal Company Expert Opinion Price
2016-02-10 N/A A Comment -- General Comments From an Expert
A Commentary
Swanzy Quarshie

Energy. We have seen hundreds of billions of dollars in cuts in CapX spending in the industry. Feels the time for buying energy is probably coming quite soon. It is time for people to get interested in energy, because all the CapX cuts are going to impact production growth in the future, which is where the real opportunity lies. OPEC produces 2 million a day more than they were when all this started. Part of the problem has been OPEC itself, but also we have not had the kind of production we expected from the US, but that is coming. It has a lag time. When we saw the production cap happening in the US, a lot of it came with efficiency gains because of production cuts, and she doesn’t see that for this year, and this year the cuts are really going to impact. There could be a surprise to the upside because of how crude trades on this kind of behaviour. One caveat is that demand is going to be pretty decent this year, but there have been reports out that demand might slow down growth. However, thinks the oil sands is going to be challenged.


Price: $0.020
Subject: OIL & GAS
Bias: OPTIMISTIC on OIL
Owned: _N/A
2016-02-10 N/A A Comment -- General Comments From an Expert
A Commentary
John O'Connell, CFA

Markets. Things people are worrying about are not new problems for the most part. Markets for the last 5-6 years are advancing in spite of major issues percolating underneath the surface. The problems really never went away and as valuations continue to appreciate, and as some of the problems became more acute, it has given people pause to think about their positions. A common lore is that demand for oil is falling, and falling oil prices have been a symptom of weak global demand. However, demand for oil last year was the strongest it has been in 5 years. The problem is we have too much oil. This is an example of people focusing on what is an easy answer. Another one is the focus on China. China is decelerating its economic activity and is going through a transition, and people are worried about the devaluation of the Renminbi and what it is going to do to global markets and that we are going to have a currency war. We are already having a currency war and we are all pushing China to make their economy more open. The Chinese currency has appreciated, as has the US currency, for many, many years now. Now the currency is going down a little and people are criticizing them. Nobody pays attention to the fact that every country is in a competitive devaluation situation, which is very deflationary and is causing major problems to the US economy. Investors are only now starting to pay attention that the strong US$ has become a major headwind to US multinational corporate profits. He carries a very heavy cash position, just under 30%. The big new problem: are European banks spiraling out of control? He has been watching credit spreads widening globally for quite some time. Partially that is a function of the structure of the credit markets where a lot of high-yield bonds are held in ETF’s. The illusion exists that you can get instant liquidity. But the ETF has to sell the underlying security. With the new regulatory environment in the States and Europe, banks are less inclined to become liquidity providers in bond markets, so they have to find fewer and fewer buyers, and the major buyers of ETF’s are now in liquidation mode taking things down to valuations that compel people to purchase them. He is finally starting to see pretty good value in securities, particularly in the US. With credit spreads widening in Europe, etc., that stuff starts to begin morphing and becomes problematic.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: _N/A
2016-02-10 N/A A Comment -- General Comments From an Expert
A Commentary
John O'Connell, CFA

Canadian negative interest rate environment? Canada could certainly go into a negative interest rate environment. Last year there were a lot of analysts that were suggesting banks should be bought because the yield curve was going to steepen as the Fed raised interest rates. It has done exactly the opposite. Negative interest rates are a tax on banks at a time when banks are already struggling with other kinds of problems. He doesn’t think negative interest rates will cause banks to cut their rates. They are well capitalized, strong and quite capable of dealing with an increase in nonperforming loans. However, he does think Canadian banks have been feasting on selling Canadian investors a debt for a good long time.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: _N/A
2016-02-10 TOP PICK Apple
AAPL-Q
John O'Connell, CFA

A great company and the largest company in the world. People are questioning how they can possibly do any better than they have. There are probably around 600 million iPhones out there, about 2 million 6’s, which means there is about 4 million odd 3’s, 4’s and 5’s. If you upgrade 50% of those every 2-2.5 years, that is 100 million of demand from just upgrades, taking out growth in the marketplace and China, which is growing by leaps and bounds. They are just getting involved in India. Trading at 10X earnings.


Price: $94.270
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-02-10 COMMENT Advantage Oil & Gas Ltd
AAV-T
Swanzy Quarshie

Have done an excellent job ratcheting down costs. They struggled a little when they were a trust, but then spun out their oil production into Longview. This has put them into the category of a lower cost producer on the gas side. They actually make money when everybody else is not. Have hedged very well and have a huge cash flow growth profile.


Price: $7.490
Subject: OIL & GAS
Bias: OPTIMISTIC on OIL
Owned: No
2016-02-10 COMMENT Altagas Ltd
ALA-T
Swanzy Quarshie

This is doing quite well in this environment. Has been able to grow its EBITDA this year. One of the lowest payout ratio companies in its universe. This presents an opportunity for people that are looking for a safe yield. The 6.5% dividend is absolutely safe.


Price: $30.170
Subject: OIL & GAS
Bias: OPTIMISTIC on OIL
Owned: Unknown
2016-02-10 COMMENT Arc Resources Ltd
ARX-T
Swanzy Quarshie

A natural gas specialist. This is a “Best in class” company in the oil/gas space. Has been able to maintain some growth in this environment as well as maintaining its balance sheet. They are really good at hedging. Have enormous torque to the Montney gas play, and there is a lot of upside to the story on this.


Price: $16.600
Subject: OIL & GAS
Bias: OPTIMISTIC on OIL
Owned: Unknown
2016-02-10 SELL Bank of America
BAC-N
John O'Connell, CFA

The banking sector is struggling with credit concerns that are emanating partially out of Europe, and that problem is not going away in the short term. Secondly, the US banks along with Canadian banks, are struggling with their exposure to energy loans.


Price: $11.980
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-02-10 PAST TOP PICK Bankers Petroleum
BNK-T
Swanzy Quarshie

(A Top Pick Feb 12/15. Down 77.71%.) This has been a disappointment. Had problems with the Albanian government, but the tax issue should get sorted out sometime this quarter. Great quality company, and its assets are phenomenal. In a rising oil price environment, this is a great place to be.


Price: $0.750
Subject: OIL & GAS
Bias: OPTIMISTIC on OIL
Owned: Yes
2016-02-10 COMMENT Bank of Nova Scotia
BNS-T
John O'Connell, CFA

A well-run bank and he likes what the new CEO is doing. He is being tough on the organization to make sure it is being run on a cost competitive basis, but he is operating in very difficult environments and they are going to stay difficult for the foreseeable future. Thinks the banks are good value, but could become even better value. They’re all trading at around 10%. This is yielding about 5.3% and he could see it yielding 6%.


Price: $52.660
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-02-10 COMMENT Baytex Energy Corp
BTE-T
Swanzy Quarshie

No money is being made on heavy oil. All the money is being made in the light oil Eagleford play, where they have partnered with Marathon in Texas. An excellent way to play a recovery if you believe in a recovery in oil prices. They have problems on the debt side. At risk of reaching covenants yet again, but thinks they have offense (?), so there is upside for equity holders. Without higher oil prices, this story is quite impaired. If looking for an opportunity on an upside in oil, a small position could be okay.


Price: $2.360
Subject: OIL & GAS
Bias: OPTIMISTIC on OIL
Owned: Unknown
2016-02-10 SELL Bellatrix Exploration Ltd.
BXE-T
Swanzy Quarshie

(Market Call Minute.) They are ramping up debt with the decline in their production profile. Not a good combination.


Price: $1.370
Subject: OIL & GAS
Bias: OPTIMISTIC on OIL
Owned: No
2016-02-10 PAST TOP PICK CASH
CASH
John O'Connell, CFA

(A Top Pick March 10/15.) He always carries above average positions in cash. It gives opportunities. To deploy this, it would have to be some really good health care, technology, maybe some industrial stocks, and would have to be blood in the streets.


Price: $0.010
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-02-10 COMMENT Celgene Corp
CELG-Q
John O'Connell, CFA

The general market perception is weighing on companies like this. Then there is the political garbage that is weighing on them, and that is going to keep the stock under lid for a little bit, but it has a great growth story. Trading at a very, very reasonable valuation. Strong balance sheet. Of all the biotech stocks you would want to own, this is the one. Would love to see it get beaten up a little further, so he could add more.


Price: $103.160
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-02-10 TOP PICK Crescent Point Energy Corp
CPG-T
Swanzy Quarshie

She picked this, not only because she thinks oil prices are going to go up, but the business has not been impaired like others in this environment. You want to be exposed to a company that is not going to fall apart, but also has an upside opportunity. Operationally things are going great for them. Decline rates in production are slowly coming down, which means they have to spend less capital. Dividend yield of 8.66%, but wouldn’t be surprised if they cut this again.


Price: $13.660
Subject: OIL & GAS
Bias: OPTIMISTIC on OIL
Owned: Yes
2016-02-10 COMMENT Cisco
CSCO-Q
John O'Connell, CFA

Sold his position last year at around $26. Likes the company very much and is a big believer in the evolution and growth in the Internet of things. This company is a central component of that hub. They are dealing with competitive pressures out of China, and a lot of their major customers are building a lot of their own products internally. It was major currency headwinds that caused him to pull Sell. Good strong balance sheet and a good dividend yield. He expects he will own this again in the future, but doesn’t think the stock is going anywhere soon. We are still early in this correction.


Price: $22.510
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-02-10 DON'T BUY Cenovus Energy
CVE-T
Swanzy Quarshie

This is quite challenged at this time. Have raised some capital, cut the dividend and sold their royalty package. Essentially with commodity prices where they are, the debt has ramped right back up again.


Price: $13.520
Subject: OIL & GAS
Bias: OPTIMISTIC on OIL
Owned: No
2016-02-10 TOP PICK Walt Disney
DIS-N
John O'Connell, CFA

(A Top Pick March 10/15. Down 12.76%.) Just bought more today. A wonderful company. It has Star Wars and there are going to be more Star Wars. Being criticized by analysts who have never run a company themselves.  Bob Iger bought the Lucas Film franchise for $4 billion, and the 1st movie he put out generated $1.5 billion in profit.  This is the most sophisticated company in the media business in the world. It is not just about ESPN or Star Wars. Theme park business revenues were up 15% this last quarter. Their theme parks in China are opening up. Their movie business is hugely profitable.


Price: $88.850
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-02-10 SELL Encana Corp
ECA-T
Swanzy Quarshie

Sometimes companies are forced to sell midstream assets to raise capital, but unfortunately the company that owns the midstream charges for that. Encana is having some issues in that they are having some really high costs on the transportation side, as well as having high operating costs. In this environment, you want the low cost operator, and this is not it.


Price: $4.860
Subject: OIL & GAS
Bias: OPTIMISTIC on OIL
Owned: Unknown
2016-02-10 HOLD Element Financial
EFN-T
John O'Connell, CFA

He is a long-term investor. Likes the company. This has been hit for multiple reasons. The former CEO is quite flamboyant. Did an excellent job, but some investors always have the thought that he is going to get himself into the same problems that he was into before. There is a lot of hot money in the stock. There are a couple of comparables in the US that have run into problems. Doesn’t think the comparisons are strong or valid. Trading at about 7X its earnings. It is going to survive.


Price: $12.770
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-02-10 COMMENT Enbridge
ENB-T
John O'Connell, CFA

This deserves an award for talking about a great story and getting the investment community on board. Of course the street is going to love this company because it is the biggest pair of commissions and underwriting fees out there. It is a huge labyrinth of special-purpose entities, spinoffs, new opportunities to raise money. It is just Financial Engineering 101.


Price: $44.000
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-02-10 TOP PICK Facebook
FB-Q
John O'Connell, CFA

In many respects they have a better mouse trap from an advertising perspective than what Google does. Management is fearless and clearly a visionary. Strong balance sheet and rapid, rapid growth. Trading at 30X earnings, so it is a little bit rich, but they are knocking the ball out of the park. Thinks it could be the largest company in the world in a couple of years.


Price: $101.000
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-02-10 COMMENT Fortis Inc.
FTS-T
John O'Connell, CFA

The recent deal was viewed very negatively by the street. It is a huge investment on this company’s part compared to its market cap. A lot of Americans are going to be getting shares in the company, and are not very happy about it. About 50% of those shares are going to be recycled. The company is being viewed increasingly as empire builders.


Price: $37.470
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2016-02-10 COMMENT General Electric
GE-N
John O'Connell, CFA

Trading at 19X forward earnings, which is a little rich for him. Likes that they are getting out of the financial services business and are buying back stock. He likes industrial areas which are struggling because of the energy space. Likes the healthcare space that they are in. Would be very happy owning this because it is a well-run company that has gone nowhere for a long, long time. Thinks the dividend is safe.


Price: $28.300
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-02-10 TOP PICK Gibson Energy
GEI-T
Swanzy Quarshie

Big transporter and storer of oil. Has traded a lot with commodity prices, which is a little unjustified. Valuation wise it looks really compelling versus its peers. Have spent a lot of money on terminals and pipelines to gather oil in the heart of Edmonton for shipment. This should improve their cash flow profile. Has a lot of “take or pay” contracts which provides a lot of help. Dividend yield of 8.55%.


Price: $14.910
Subject: OIL & GAS
Bias: OPTIMISTIC on OIL
Owned: Yes
2016-02-10 PAST TOP PICK Alphabet Inc. (A)
GOOGL-Q
John O'Connell, CFA

(A Top Pick March 10/15. Up 26.26%.) Loves the company. Reported excellent earnings. This is one of the juggernauts that you just have to continue to own.


Price: $706.850
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-02-10 SELL Husky Energy
HSE-T
Swanzy Quarshie

A challenged company. Has one of the cleaner balance sheets, however management misstepped when they decided they were going to pay the dividend with all shares, and then decided to remove the dividend altogether. This is the trouble when you have one primary shareholder, as they essentially dictate what happens to the company. Doesn’t feel the upside is as great as with other companies. If you own, consider switching.


Price: $12.250
Subject: OIL & GAS
Bias: OPTIMISTIC on OIL
Owned: No
2016-02-10 COMMENT Imperial Oil
IMO-T
Swanzy Quarshie

A great, solid, well-run company, and you can tell that by the way it trades. Free cash flow profile looks healthy, which is good for the investor. Because it is such a good quality company with less beta than the rest of the group, in a rising price environment you are not going to get as much appreciation as you would in some others. This is a company you don’t want to own coming out of a recovery. Also. refining margins are coming down. Feels some of the best upside is going to be in the pure play rather than in an integrated story.


Price: $41.380
Subject: OIL & GAS
Bias: OPTIMISTIC on OIL
Owned: Unknown
2016-02-10 COMMENT Inter Pipeline
IPL-T
Swanzy Quarshie

A very well-managed company with a strong cash flow profile. The opportunity for pipeline growth is diminishing. A company like this is good for a safe, secure dividend, but the market doesn’t like that its growth profile is limited. Dividend yield of 7.6%. 


Price: $20.480
Subject: OIL & GAS
Bias: OPTIMISTIC on OIL
Owned: Unknown
2016-02-10 HOLD Kelt Exploration
KEL-T
Swanzy Quarshie

(Market Call Minute.) Great assets, but has been challenged by rising debt. Also, valuation is quite high relative to its peers. A lot of companies look to Short this when prices are going down. Likes management.


Price: $3.080
Subject: OIL & GAS
Bias: OPTIMISTIC on OIL
Owned: No
Showing 1 to 30 of 148,750 entries
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