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

Recent Opinions

Date Signal Company Expert Opinion Price
2014-07-29 PAST TOP PICK K-Bro Linen Inc
KBL-T
Peter Hodson

(A Top Pick in June 21/13. Up 20.16%.) They get 10 year laundry contracts from government agencies, hospitals, prisons, etc. They build a facility, get the contract and run that through, and just take a cut of the profits along the way. Likes the long-term stability of the company. If the economy is going to roll over you want to own this company for their dividend and revenue visibility. 3.1% dividend yield.


Price: $38.630
Subject: CANADIAN SMALL & MIDCAPS
Bias: BULLISH
Owned: No
2014-07-29 BUY Keycorp
KEY-N
Ross Healy

By and large US banks are quite cheap. There is still a holdover from 2008-2009 where there were some issues. The longer that time goes on, the longer interest rates stay low and the longer these companies get rid of and restructure their balance sheets, the better is their outlook. They all have good upside potential of 50%-70%. It is a question of when the market is going to be a little more relaxed about the stocks and freely buy and recommend them again.


Price: $13.610
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2014-07-29 STRONG BUY Logistec Corp
LGT.B-T
Peter Hodson

(Market Call Minute.) Terminal operator. Great company and good cash flow. Good valuation. Definitely a Buy.


Price: $36.050
Subject: CANADIAN SMALL & MIDCAPS
Bias: BULLISH
Owned: No
2014-07-29 DON'T BUY Manitoba Telecom Services
MBT-T
Ross Healy

Possibility of Bell (BCE-T) taking over this company? His gut instinct says No in that the CRTC might not allow it. Looking at this company on its own merits, his Fair Market Value calculation is about $37-$38, about a 15% upside. When he buys a stock, he likes to see a lot of potential and 15% is not very much. There is a lot of overhead technical resistance at about $33.


Price: $32.770
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: No
2014-07-29 COMMENT Mitel Networks
MNW-T
Peter Hodson

He did cover Astro, which merged with this company. Hasn’t yet picked up coverage of the new company, but the combined combination company is quite attractive. Valuation is very good right now. Solid balance sheet. Have lots of European exposure, which is getting much better. Good products and good cash flow. Still very, very cheap on a comparable basis to a lot of tech companies.


Price: $11.630
Subject: CANADIAN SMALL & MIDCAPS
Bias: BULLISH
Owned: No
2014-07-29 PAST TOP PICK Merck & Company
MRK-N
Ross Healy

(A Top Pick June 10/13. Up 26.11%.) This still has some upside potential left in it. It is getting up close to his original target.


Price: $58.580
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-07-29 TOP PICK National Bank of Canada
NA-T
Ross Healy

Stock is quite cheap. Has been banging up against some pretty stiff technical resistance, but has now broken through. He is hoping that it will catch up with some of the other banks. Yield of 3.92%.


Price: $48.920
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-07-29 COMMENT Norbord Inc.
NBD-T
Ross Healy

Their 12 months earnings forecast going out was $2.15 and the dividend is $2.40, so coverage is sketchy. They need a great big increase in the earnings outlook in order to get going again. However, his Fair Market Value calculation is pretty good, even based on those rather depressing earnings. He had a target of $32 and even higher. There is a good possibility, if those earnings get some momentum behind them, you’ll get back up to the $32-$33 area, about 4X Book. This is typically where this company has peaked in the past.


Price: $23.910
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2014-07-29 COMMENT Paramount Resources
POU-T
Peter Hodson

Tourmaline (TOU-T) or Paramount (POU-T)? This is a case where you have to choose the better of 2 good companies. They are both pretty good, but he would put Tourmaline, far and away, as probably the best managed company in the oil/gas sector.


Price: $55.930
Subject: CANADIAN SMALL & MIDCAPS
Bias: BULLISH
Owned: No
2014-07-29 COMMENT Petrowest Corp
PRW-T
Peter Hodson

This and a couple of other smaller companies are oil/gas engineer contractors and doing lots of work in the oil/gas sector, particularly for the LNG sector. This one is well-managed and relatively small. Valuation is pretty attractive. Growth potential is very much there. It is viewed as the company with the most LNG potential. This is one of those companies that you may have to give a 5 year timeframe to, as they are long-term projects. Every once in a while these companies lose money on a fixed price contract, which you really have to watch out for. However, he thinks this is strong enough to continue, but he also thinks this sector is ripe for acquisitions.


Price: $1.330
Subject: CANADIAN SMALL & MIDCAPS
Bias: BULLISH
Owned: No
2014-07-29 PAST TOP PICK Rogers Communcations (B)
RCI.B-T
Ross Healy

(A Top Pick June 10/13. Down 2.48%.) Looked like he was getting at quite a good price on a nice setback in the market. Then the CRTC changed the rules, which took away the economics and all the momentum that he might have seen.


Price: $42.450
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: No
2014-07-29 BUY Surge Energy Inc
SGY-T
Peter Hodson

Compared to Whitecap (WCP-T) and Torc (TOG-T)? These are all dividend growth stories with good management teams. All 3 are definitely in the top quartile. Likes this one quite a lot, primarily because he knows the management team. CEO has been a very aggressive buyer of his own shares. This is a company that has done some deals quickly, have raised their dividends at least twice over the past couple of quarters, production growth looks good with a rock solid management team in terms of geographic focus and asset mix.


Price: $8.260
Subject: CANADIAN SMALL & MIDCAPS
Bias: BULLISH
Owned: No
2014-07-29 BUY Suncor Energy Inc
SU-T
Ross Healy

Likes this a lot. There is a lot of upside potential. His Fair Market Value is quite high. Has been recommending the stock for some time. Probably has another 30%-40% to go before he would consider it to be expensive.


Price: $45.120
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-07-29 BUY Tourmaline Oil Corp
TOU-T
Peter Hodson

Tourmaline (TOU-T) or Paramount (POU-T)? This is a case where you have to choose the better of 2 good companies. They are both pretty good, but he would put this one far and away, as probably the best managed company in the oil/gas sector. Their forecasted growth is very much in the bag. Very visible over the next 3 or 4 years. They don’t pay a dividend.


Price: $51.930
Subject: CANADIAN SMALL & MIDCAPS
Bias: BULLISH
Owned: No
2014-07-29 DON'T BUY Twitter, Inc
TWTR-N
Ross Healy

The problem with this and other social media stocks is that they are being priced for earnings down the road, not for earnings today, even with a setback that this stock has had. These are trading heavily on sentiment and expectations. These are gamblers’ stocks. Very hard companies to analyze.


Price: $38.590
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: No
2014-07-29 BUY Valero Energy Corp
VLO-N
Ross Healy

The bad news is that the stock had moved back up to technical resistance in the $58-$59 area, before setting back down to another support level. Technically it has been walking upstairs steadily. The good news is that his Fair Market Value is well up over $100. He could see this getting as high as $80 on its current fundamentals.


Price: $49.850
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2014-07-29 COMMENT Wi-Lan Inc.
WIN-T
Peter Hodson

Had this rated as an A-. It is now down to a B because they kept screwing up and missing earnings estimates. They also had a huge run-up in legal costs. Have signed quite a few deals. The big problem is that when they announce these deals they don’t disclose financial terms, and you have to wait for the next quarter to see if there is any significance to that deal. He likes the deals. Raised dividends 25% a few months ago, following the failed takeover. He thinks this has now transferred into just an income stock. It’s lost that exciting big deal takeover potential.


Price: $3.350
Subject: CANADIAN SMALL & MIDCAPS
Bias: BULLISH
Owned: No
2014-07-29 WATCH Wajax Corp
WJX-T
Ross Healy

This company had a good setback in the market. It had got up to about 4X Book, which is really, really expensive for them. They are now down to about 2X Book. It certainly has the potential to get back up to $45-$50. Watch to see if it breaks out technically.


Price: $35.040
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2014-07-29 COMMENT Yamana Gold Inc.
YRI-T
Peter Hodson

This is a management team that made a lot of mistakes in past cycles. Made some bad acquisitions. Over promised and under delivered. Nobody really liked them 5-7 years ago. They fixed that along with some of their production issues. Did better acquisitions. You now have a company that has very high leverage to the price of gold. Feels that GoldCorp (G-T) is the best senior, followed by Agnico (AEM-T) and then followed by this company. In the next gold cycle, it will do very well. You need the gold sector to move and right now it doesn’t seem to be doing a whole lot.


Price: $9.140
Subject: CANADIAN SMALL & MIDCAPS
Bias: BULLISH
Owned: No
2014-07-28 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Markets.  Earnings season has been very, very good.  Looking at the next couple of years, now analyst’s estimates are pretty optimistic.  The trend line in interest rates is still pretty much in place.  We are in a liquidity trap were economies are recovering, but it is because interest rates are incredibly low.  The markets have responded and that is the more important factor.  Equities are the best place to be, driven by earnings.  Stocks that are linked to the oil sands are starting to do better.  In the short term they should have a slight correction, however. 


Price: $0.020
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: UNKNOWN
Owned: _N/A
2014-07-28 DON'T BUY A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Financial Stocks.  The ZEB-T rallied about 5-6% past week.  Analyst forecasts for next year are the same as where the banks are now.  They might revise earnings estimates or the earnings are all built in to the bank stocks.  If you are going into banks now, then ZEB-T is the best way to play because of the covered calls.  But he sold Canadian banks last week to move into the US.  He thinks they are a little stretched here.


Price: $0.020
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: UNKNOWN
Owned: No
2014-07-28 BUY A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

All the short term bond ladders are good in his opinion.  They are not without risk, if interest rates start to go up.  They mitigate only some of the risk.


Price: $0.020
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: UNKNOWN
Owned: _N/A
2014-07-28 DON'T BUY A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Canadian Railways.  They have gone parabolic and for him very hard to invest in, knowing that at some point you will get a correction.  He needs to see a test of support or a test of a longer term moving average.


Price: $0.020
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: UNKNOWN
Owned: Unknown
2014-07-28 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Education Segment.  Earnings.  Large caps are hanging in relative to small caps because if we look at sectors on a share weighted basis, the large caps are generally driving more of the earnings and earnings growth.  The R-2000 is flat on the year while the S&P has gone up.  Energy and health care have been big movers.  Industrials make good sense.  IT has had a big boost.  Trailing EPS should be $119.52 at end of year.  2015 and 16 will be 11% higher each year.  He thinks you should continue to buy the dips.


Price: $0.020
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: UNKNOWN
Owned: _N/A
2014-07-28 N/A A Comment -- General Comments From an Expert
A Commentary
Peter Brieger

Markets.  Geopolitical situations could go haywire any time now around the world.  R-2000 has taken a hit.  There are comments about the poor quality of lending in the US.  But he doesn’t see anything going very wrong at this point.  It is essential that the republicans recapture the house in the US.  Then people and companies will start spending.  We had a period of tremendous cost cutting in US corporations.  If the economic recovery continues you can see some tremendous upside on corporate earnings.  There is potentially some tremendous upside.  He is finding value here and there.  Stock markets are not terribly overly valued. 


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: _N/A
2014-07-28 N/A A Comment -- General Comments From an Expert
A Commentary
Peter Brieger

Companies borrowing to buy back shares.  He disapproves of buy backs, preferring dividends.  Share buy backs have a short term effect, but it does artificially inflate earnings.  Interest rates ticking higher could really affect profits in this case.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: _N/A
2014-07-28 N/A A Comment -- General Comments From an Expert
A Commentary
Michael Sprung

Markets. As a value investor, it is hard to find value in this market, and it is getting harder. We’ve had a fairly good equity market for the last few years. This year in particular, Canada is already up on a total return basis of 15% or so, and the US is up over 8%, and it is getting a bit stretched. At this point in time, it is sort of prudent to have a little bit of cash on the side, which you can treat as an option or a little bit of protection. If there should be a setback, which would give a good opportunity to step in. Wouldn’t be surprised if we had a correction somewhere along here. It never hurts to take profits when you got them, so when balancing your asset mix, you can hold the cash on the sidelines so that you can step in again if an opportunity arises.


Price: $0.020
Subject: CANADIAN
Bias: UNKNOWN
Owned: _N/A
2014-07-28 COMMENT Argent Energy Trust
AET.UN-T
Michael Sprung

This along with Eagle Energy Trust (EGL.UN-T) and Parallel Energy Trust (PLT.UN-T) are Canadian trusts that have operations in the US, mostly in Texas. This one and Parallel had big stumbles lately which pulled down Eagle a little. People are concerned a little bit about the dividends in all 3 cases. Yield of 8.5%.


Price: $2.820
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2014-07-28 BUY Alliance Grain Traders Inc.
AGT-T
Michael Sprung

Had a fairly good run, but would still buy it. As they get more and more into ingredients, rather than just the pulses, it is certainly broadening their markets. Have a new line in North Dakota, and are talking about adding a 2nd line to that production facility. Situated pretty well on a global basis between operations in North America and Turkey, etc. Trading at about 12.5X earnings, which is not terribly rich.


Price: $21.550
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2014-07-28 WAIT Bell Aliant
BA-T
Peter Brieger

Wait for the takeover to complete before selling.  Being acquired allows BCE to increase their dividend.


Price: $31.100
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Unknown
2014-07-28 DON'T BUY Bombardier Inc (B)
BBD.B-T
Michael Sprung

Even though it is selling at a low price, he has no plans on owning this. The disappointment in the C series makes you question whether there have been too many delays, is it too late and are other competitors producing now so that the C series is not going to achieve the level of success that they had hoped for. On the mass transit side, margins are going to be under pressure. Feels this could stay at low levels for some period of time.


Price: $3.610
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2014-07-28 COMMENT Bank of Nova Scotia
BNS-T
Michael Sprung

There has been an appreciation in all of the banks.


Price: $73.800
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2014-07-28 BUY Brookfield Property Partners
BPY.UN-T
Michael Sprung

Moved from Brookfield Office to this. Probably a reasonable thing to do. Property is certainly a good area to be exposed to at this time. The REIT side of the market is mainly going to be supported by yield from here on in, but yields are not too bad. This one has always been a very, very well-managed company. This is something you could invest in for the long term.


Price: $22.620
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2014-07-28 TOP PICK CAE Inc
CAE-T
Michael Sprung

Recently announced about $120 million in new training contracts. They also announced about $110 million for the military side in New Zealand. They continue to gain new business, whether military or civil space. Yield of 1.7%.


Price: $14.110
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2014-07-28 WATCH Cameco Corporation
CCO-T
Peter Brieger

Probably not a buy here.  Signed a deal with China for a couple of reactors.  Uranium is still in the doldrums.  A dismal record in terms of operations.  Hold it, but don’t buy it.


Price: $22.570
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Unknown
2014-07-28 TOP PICK Central Fund of Canada Ltd (A)
CEF.A-T
Peter Brieger

(Top Pick Jul 22/13, Down 0.19%) You could see a bounce back up to $1360-$1420 for gold, depending on geopolitical events.  Gold could have this short term pop of 5-10% and it will increase long term as well due to Indian demographics among other factors.  He will hold it for fundamental reasons.  They are not finding as much gold any more.


Price: $15.330
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Yes
2014-07-28 PAST TOP PICK Canfor Corp
CFP-T
Peter Brieger

(Top Pick Jul 22/13, Up 29.60%) Sold it when things got dicey in the housing market.  Now it is on his potential buy list for re-entry.  $22 would be a good entry point, but he hopes to get it cheaper.


Price: $23.010
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: No
2014-07-28 DON'T BUY Celestica Inc
CLS-T
Larry Berman CFA, CMT, CTA

Not a name he has looked at in the long time.  We are going through a correction like a lot of tech stocks.  There is a lot of support around $10.40 from the beginning of the year.  If it goes much below that it could be very damaging. 


Price: $11.860
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: UNKNOWN
Owned: Unknown
2014-07-28 COMMENT Canadian Imperial Bank of Commerce
CM-T
Peter Brieger

When could it split?  Splits are not important.  Only helps if there is a dividend increase.  They usually split around this level.  You won’t get into trouble, but he would like to see the results of the search for an executive member.


Price: $100.950
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Unknown
2014-07-28 PAST TOP PICK Canadian Imperial Bank of Commerce
CM-T
Michael Sprung

(A Top Pick July 22/13. Up 35.99%.) At over $100, he figures a split is going to have to come. Banks like to be available to the general investing public, as well as to institutional investors. Sells at one of the lower multiples.


Price: $100.950
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2014-07-28 BUY Canadian Natural Rsrcs
CNQ-T
Peter Brieger

One of his favourite stocks.  He is kicking himself for not having bought in.  In the next 12-18 months with a pipeline expansion, you are talking about a million more barrels of throughput.


Price: $48.150
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: No
2014-07-28 DON'T BUY Canadian Natural Rsrcs
CNQ-T
Michael Sprung

Among the seniors of the oil/gas producers and have a huge following. Has always been extremely well-managed. Lately this has had a very, very good run. Wouldn’t be jumping in at these levels.


Price: $48.150
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2014-07-28 COMMENT Canadian National R.R.
CNR-T
Michael Sprung

Made a good profit on the rails, but bailed out long before their latest profits. If he were comparing this with Canadian Pacific (CP-T) today on a valuation perspective, he would certainly own this one. It is a more profitable company with a lower operating ratio. A much bigger company in terms of revenues. Rails are currently trading at 20X earnings, and he would have to see a fairly significant correction of 25% or more, before he was interested.


Price: $73.870
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2014-07-28 BUY on WEAKNESS Canadian Pacific Rail
CP-T
Peter Brieger

Owns CNR-T.  Both rails are priced for perfection.  Will enjoy further earnings growth as the economy continues to improve.  He would not rush in right here.


Price: $208.100
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: No
2014-07-28 TOP PICK Crescent Point Energy Corp
CPG-T
Peter Brieger

The oil and gas companies will be facing the tax man as tax pools run out.  But CPG-T is nowhere near that point.  They are aggressive in acquiring company’s land.  They are perfecting water flood secondary recovery. 


Price: $44.780
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Yes
2014-07-28 BUY Walt Disney
DIS-N
Peter Brieger

Likes it.  If we are right about the rising US economy, DIS-N will continue to enjoy increasing spending by patrons. 


Price: $87.150
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: No
2014-07-28 TOP PICK Encana Corp
ECA-T
Michael Sprung

(A Top Pick July 22/13. Up 35.2%.) Management has surfaced value with their spin out of PrairieSky (PSK-T), sold Big Horn and acquired some property in Eagle Ford. Becoming much more exposed to liquids than to natural gas. Have done some extremely smart things with their asset base, as well as making some very strategic acquisitions. Good cash position of about $2.7 billion. Still has a long ways to go.


Price: $23.850
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2014-07-28 TOP PICK EnerCare Inc
ECI-T
Michael Sprung

Just announced they were buying the consumer’s services division from Direct Energy, which now gives them direct access to consumers in Ontario. Largely involved with water heaters as well as running a sub-metering business. He estimates capitalization of the company is going to go from around $800 million to $1.1-$1.2 billion. This is a very accretive acquisition to cash flow, and he estimates it is going to be 22%-25%. This puts out the potential for dividend increases down the road. Dividend yield of 5.27%.


Price: $13.750
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2014-07-28 HOLD Element Financial
EFN-T
Larry Berman CFA, CMT, CTA

A leasing based company and typically it is the slope of the yield curve that drives earnings.  It is pretty well managed and there is a steep yield curve, so they will generate pretty good profitability and growth for a while.  If we see a flattening of the yield curve, then it would not be good.


Price: $14.390
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: UNKNOWN
Owned: Unknown
2014-07-28 COMMENT Fairfax Financial
FFH-T
Michael Sprung

Have a lot of respect for Prem Watsa and this company. He is certainly a value oriented investor. This is an insurance company, so he would really like to see them have a better combined ratio. The lines of insurance they are participating in can be quite volatile. If you are a very long-term investor, you could consider stepping in. Well-managed. Dividend yield of about 2%.


Price: $509.170
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2014-07-28 COMMENT Fortis Inc.
FTS-T
Michael Sprung

Very well-run utility and is well-positioned. Their earnings are growing, and they seem to be on the right track. Has a nice yield. Their recent deal in the US is very much a transformational deal for them. It almost doubles their size, and opens up a whole new market to them.


Price: $33.270
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2014-07-28 PAST TOP PICK Inter Pipeline
IPL-T
Peter Brieger

(Top Pick Jul 22/13, Up 61.22%) Valuations are stretched on all four major pipeline companies.  They spent a lot on infrastructure and now there is increased capacity.  It stays a core holding.  It is an attractive entry point for a 3-5 year holding.


Price: $34.490
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Yes
2014-07-28 BUY on WEAKNESS Keyera Corp
KEY-T
Larry Berman CFA, CMT, CTA

The multiple on this stock is pretty high, but they are well positioned.  The revenue growth estimate on this one is still pretty high.  If you draw a line across the highs, we are at a point where we could see it start to pull back down to $70.


Price: $83.040
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: UNKNOWN
Owned: Unknown
2014-07-28 HOLD Lundin Mining Corp.
LUN-T
Peter Brieger

Hold based on the turn on base metals.


Price: $6.410
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: No
2014-07-28 COMMENT Manulife Financial
MFC-T
Peter Brieger

Stock vs. Stock.  MFC-T vs PWF-T.  He likes both and holds neither.  His preference is MFC-T at this point, but insurance companies could be impacted by interest rates staying low for a long time.


Price: $22.070
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: No
2014-07-28 TOP PICK Precision Drilling
PD-T
Peter Brieger

Likes the energy field.  Most modern and largest fleet in Western Canada.  Signed a deal with Schlumberger Ltd. (SLB-N) to round out the product offering.


Price: $14.550
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Yes
2014-07-28 HOLD Precision Drilling
PD-T
Michael Sprung

Very illustrative of what his position has been lately. Owned this for quite a long time and made a lot of money. Recently took some profits around current levels, trimming about half his position. Would have probably sold it all if he didn’t feel that it still had scope going forward. Still likes the company, and it will prosper going forward. If you own, consider taking profits. Recently announced an agreement with Schlumberger (SLB-N), which is going to open up some new markets for them.


Price: $14.550
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2014-07-28 HOLD Potash Corp of Saskatchewan
POT-T
Peter Brieger

Potash inventories in North America are well below normal.  Hold it if you own it.  He has AGU-T


Price: $39.470
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: No
2014-07-28 HOLD Pembina Pipeline Corp
PPL-T
Peter Brieger

Stretched in terms of valuation.  To protect yourself from increases in interest rates, look for demonstrable ability to increase dividends, which this one has.  But this one has much more commodity exposure compared to the others.


Price: $46.470
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Unknown
2014-07-28 COMMENT Power Financial Corp
PWF-T
Peter Brieger

Stock vs. Stock.  MFC-T vs PWR-T.  He likes both and holds neither.  His preference is MFC-T at this point.


Price: $35.080
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: No
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