Recent Opinions

Date	Signal	Company	Expert	Opinion	Price
2013-05-15	DON'T BUY	RioCan Real Estate Investment REI.UN-T	Todd Johnson	High quality reit. Dominint shopping centre Reit. Well run company. 4.8 yeild. Trades at 20X price which seems pretty expensive. / Be the first to comment Tweet finance	Price: $29.000 Subject: CANADIAN LARGE Bias: CAUTIOUSLY BULLISH Owned: Unknown
2013-05-15	BUY	Royal Bank RY-T	Todd Johnson	LIkes Royal. Increasing their dividend at 4%. Best personal and commercial franshise in Canada. Have the best wealth management. Going forward earnings growth will be lack luster. Canada's lending environment is going to weaken which will hurt Royal. Dividend is safe and will likely increase. They will likely acquire more wealth management franchises or buy back stock. / Be the first to comment Tweet finance	Price: $60.940 Subject: CANADIAN LARGE Bias: CAUTIOUSLY BULLISH Owned: Unknown
2013-05-15	PAST TOP PICK	Royal Bank RY-T	David Baskin	(Since June 5, 2012, up 25.58%) Candadian banks are cheap right now. Recommends buying them.He still owns this stock. Doesn't believe there will be a collapse of mortgages, as 65% of mortgages are insured through the CMHC. Rents are going up and there seems to be a shortage of housing. / Be the first to comment Tweet finance	Price: $60.940 Subject: NORTH AMERICAN - LARGE/MID CAP (GROWTH) Bias: UNKNOWN Owned: Yes
2013-05-15	VAGUE	SNC-Lavalin Group Inc. SNC-T	David Baskin	Performance of the company on an operating basis over the last few quarters. They've been good at keeping their back logs at very high levels. But it may be that we are seeing those back logs are due to underbidding too aggressively, and the low margins we are seeing on these back logs may be the results of this. (He's speculating) He would have liked to have seen better operating performance. / Be the first to comment Tweet finance	Price: $41.790 Subject: NORTH AMERICAN - LARGE Bias: UNKNOWN Owned: Yes
2013-05-15	BUY	Suncor Energy Inc SU-T	Todd Johnson	Has been a big disappointment in terms of it's production growth. A recently cancelled voyager upgrade project wasn't really a surprise. Not the company it was 3 or 4 years ago. Valuation is attractive, which is why they continue to hold it. New CEO is expected to increase the dividend. Recently positive on Suncor. / Be the first to comment Tweet finance	Price: $32.220 Subject: CANADIAN LARGE Bias: CAUTIOUSLY BULLISH Owned: Yes
2013-05-15	PAST TOP PICK	Teva Pharmaceutical TEVA-N	David Baskin	(since June 5, 2012 up 4.31%) This is the largest manufacturer of generic pharmaceuticals in the world. It pays a dividend and makes money still. He still owns it. / Be the first to comment Tweet finance	Price: $39.950 Subject: NORTH AMERICAN - LARGE/MID CAP (GROWTH) Bias: UNKNOWN Owned: Yes
2013-05-15	BUY	True North Apartment REIT TN.UN-T	David Baskin	Is a very young company, owner of apartment buildings in Toronto and Montreal. Has a nice yield on it and a small capitization. Thinks they will grow over time, but it's a risk with a small cap stock. / Be the first to comment Tweet finance	Price: $8.550 Subject: NORTH AMERICAN - LARGE Bias: UNKNOWN Owned: Yes
2013-05-15	SELL	Thomson Reuters Corp TRI-T	David Baskin	Sees it solely as an income play. It's always the stock that's going to perform tomorrow. Maybe a little capital growth, but he thinks it's about done. / Be the first to comment Tweet finance	Price: $34.940 Subject: NORTH AMERICAN - LARGE Bias: BEAR Owned: Unknown
2013-05-15	VAGUE	Domtar Corp. UFS-T	David Baskin	Primary product is paper. Currently looking at this company. / Be the first to comment Tweet finance	Price: $74.820 Subject: CANADIAN LARGE Bias: UNKNOWN Owned: Unknown
2013-05-15	SELL	Westjet Airlines WJA-T	David Baskin	Every day this week he's gotten a promo advertising a sale for an airline. Their load factors are high, so the planes are crowded. The business seems very difficult, and over a long period it can't make money. / Be the first to comment Tweet finance	Price: $21.400 Subject: CANADIAN LARGE Bias: UNKNOWN Owned: No
2013-05-14	COMMENT	A Comment -- General Comments From an Expert A Commentary	Jon Case	GOLD: Gold has had a wild ride. This is due to three reasons: 1) Central bank sales and the potential bank sales out of Cyprus. 2) ETF sales, retail investors dumping ETFs for equities. 3) downgrade of central prominant investment banks.(ie. Goldman Sachs) Bullion seems to have found a new floor. There has been a huge supply shock coming into the market. He is surprised that it has done as well as it has. There are buyers coming from the Asian markets. / Be the first to comment Tweet finance	Price: $0.020 Subject: PRECIOUS METALS Bias: UNKNOWN Owned: _N/A
2013-05-14	COMMENT	A Comment -- General Comments From an Expert A Commentary	Joanne A. Hruska, CFA	Prospects for Canadian Companies: Used to be that a lot of investors particulary international investors were staying away from Canadian energy stocks and in the last few weeks she is seeing some of the investors coming back. Stimulus from central banks around the world are helping oil prices and oil companies in Canada. / Be the first to comment Tweet finance	Price: $0.020 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: Unknown
2013-05-14	COMMENT	A Comment -- General Comments From an Expert A Commentary	Joanne A. Hruska, CFA	Natural Gas: This is a shoulder season for natural gas, she doesn't foresee a lot of gas coming out of storage in the next few weeks. We will just have to keep our eye on gas prices. / Be the first to comment Tweet finance	Price: $0.020 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: Unknown
2013-05-14	TOP PICK	Alamos Gold Inc AGI-T	Jon Case	Best in space, operating costs are cheaper than other companies, free cash flow. Estimated P/E Ratio is 18.85. Dividend is $.10 and yield is 1.38 %. It is one of the lowest all-in-costs in this space and has a great defensive name. May see $18-19 in next year. / Be the first to comment Tweet finance	Price: $14.410 Subject: PRECIOUS METALS Bias: UNKNOWN Owned: Yes
2013-05-14	BUY	Argonaut Gold AR-T	Jon Case	What is the experts view of Argonaut Gold going forward for the next 12 to 24 months? Argonaut Gold is a mid tier gold producer out of Mexico. They have a lot of free cash flow. Asset quality is very good. They like their development pipeline. Management is top tier. They own it and like it at the current levels. They have several years of mining life available. / Be the first to comment Tweet finance	Price: $6.680 Subject: PRECIOUS METALS Bias: UNKNOWN Owned: Yes
2013-05-14	DON'T BUY	Arcan Resources Ltd. ARN-X	Joanne A. Hruska, CFA	Their debt is quite high and they will have to do something to change it. / Be the first to comment Tweet finance	Price: $0.600 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: No
2013-05-14	DON'T BUY	Athabaska Oil Sands Corp ATH-T	Joanne A. Hruska, CFA	Company has had a tough go. Company has been under a lot of pressure and the president just left a week ago. There is a lot of uncertainty right now. / Be the first to comment Tweet finance	Price: $5.890 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: Unknown
2013-05-14	BUY	Bonavista Energy Corp BNP-T	Joanne A. Hruska, CFA	Bought more a few months ago, getting into more natural gas. Likes their new management and thinks he will do a good job.This stock is dependent on gas prices. So if they go up this stock will do well. / Be the first to comment Tweet finance	Price: $15.990 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: Yes
2013-05-14	COMMENT	Baytex Energy Corp BTE-T	Joanne A. Hruska, CFA	Baytex Energy past two quarters have been weak. It is focused on heavy oils and differentials. She owns it and has bought some recently. It could still have a downside but thinks they will be okay. / Be the first to comment Tweet finance	Price: $38.580 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: Yes
2013-05-14	TOP PICK	B2Gold Corp. BTO-T	Jon Case	( Estimated P/E Ratio is 10.02) Likes the growth and the strong management. High operating costs but lower than senior gold stock companies. Great free flow cash. Internally funded growth is not reflected in its share price. / Be the first to comment Tweet finance	Price: $2.350 Subject: PRECIOUS METALS Bias: UNKNOWN Owned: Yes
2013-05-14	BUY	Canelson Drilling CDI-T	Joanne A. Hruska, CFA	Cheap and lots of cash. New rigs exciting story. / Be the first to comment Tweet finance	Price: $4.850 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: Unknown
2013-05-14	PAST TOP PICK	Canadian Natural Rsrcs CNQ-T	Joanne A. Hruska, CFA	(Down 6.21) She is purchasing more. Still believes it will do well. / Be the first to comment Tweet finance	Price: $29.970 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: Yes
2013-05-14	BUY	Crescent Point Energy Corp CPG-T	Joanne A. Hruska, CFA	Out preforming expectations. Solid 7% / Be the first to comment Tweet finance	Price: $37.670 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: Unknown
2013-05-14	TOP PICK	Crocotta Energy CTA-T	Joanne A. Hruska, CFA	Almost 10,000 barrels a day of production. Debt not out of control and have grown production. Management team is in their third go-around. / Be the first to comment Tweet finance	Price: $3.230 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: Unknown
2013-05-14	BUY	Cenovus Energy CVE-T	Joanne A. Hruska, CFA	Underowned and underliked by the big money out there. / Be the first to comment Tweet finance	Price: $30.190 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: Yes
2013-05-14	HOLD	Detour Gold DGC-T	Jon Case	Management team is former Barrick Gold. Concerns about whether they can raise capital through equity or debt. Feels that the price could go to $24 in the next 12 months. If you can be patient you may see a phenomenal return in 12-18 months. May see a 15% return. / Be the first to comment Tweet finance	Price: $10.770 Subject: PRECIOUS METALS Bias: UNKNOWN Owned: Unknown
2013-05-14	BUY	Endeavour Mining Capital EDV-T	Jon Case	What is the outlook for Endeavour Mining? They are producers out of West Aftrica. "At 90 cents you have to like the name".The potential for free cash flow for next year looks good. He does have a position. Good buy here. Sees 2/3 or 75% of net asset values as a realistic target in the next 12 months. / Be the first to comment Tweet finance	Price: $0.900 Subject: PRECIOUS METALS Bias: UNKNOWN Owned: Yes
2013-05-14	TOP PICK	Enerplus Corp ERF-T	Joanne A. Hruska, CFA	Story They were struggling for quite some time, market hated them, She met with them found that they had excellent valuation and new managment team, a turnaround in the making. Stock went up after they bought, last week. / Be the first to comment Tweet finance	Price: $15.930 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: Yes
2013-05-14	HOLD	Ensign Resource Service Group ESI-T	Joanne A. Hruska, CFA	Ensign Energy is a solid company. She used to own but moved into riskier drillers (Precision as it offered a dividend).Should be fine to hold if you own. / Be the first to comment Tweet finance	Price: $16.200 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: No
2013-05-14	HOLD	Essential Energy Services Ltd. ESN-T	Joanne A. Hruska, CFA	Has owned, purchased more in the last 3 months. She likes this story. Recommends to keep holding if you own if it is a small part of your portfolio. / Be the first to comment Tweet finance	Price: $2.380 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: Yes
2013-05-14	TOP PICK	Gran Tierra Energy Inc. GTE-T	Joanne A. Hruska, CFA	Has a wonderful valuation because everybody's hated it for a long time. They just had a discovery in Peru. / Be the first to comment Tweet finance	Price: $6.280 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: Yes
2013-05-14	HOLD	Imperial Oil IMO-T	Joanne A. Hruska, CFA	Hold or sell? Sold earlier this year. No plans to get back in. Recommends that you hold if you own. She instead bought a company with a cheaper multiple and higher yield.( Argent Energy Trust-TSX AET-UN) / Be the first to comment Tweet finance	Price: $39.590 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: No
2013-05-14	WAIT	Kelt Exploration KEL-T	Joanne A. Hruska, CFA	Everybody is a big fan of this management team as well as herself. She doesn't own though. The company is about 80-85% gas. She is waiting for a better valuation. / Be the first to comment Tweet finance	Price: $7.180 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: No
2013-05-14	BUY	Legacy Oil and Gas Inc. LEG-T	Joanne A. Hruska, CFA	Legacy Oil is a stock that she has purchased recently. "They have been taken out to the wood shed as with many other companies". Believes that the stock will go to $7-8 in the next year. They may put a yield/ dividend in their corporate structure. / Be the first to comment Tweet finance	Price: $5.240 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: Yes
2013-05-14	BUY	Mandalay Resources Corp. MND-T	Jon Case	A gold and silver producer but mostly silver. Likes this company because of their free cash flow. Thinks dividend is safe. They have a very simple mine so there is not a lot to screw up. / Be the first to comment Tweet finance	Price: $0.860 Subject: PRECIOUS METALS Bias: UNKNOWN Owned: Unknown
2013-05-14	PAST TOP PICK	Angle Energy Inc NGL-T	Joanne A. Hruska, CFA	(Down 18.38%) She is still holding. She believes it is a great resource and has bought more. Feels it will come back. / Be the first to comment Tweet finance	Price: $3.590 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: Unknown
2013-05-14	Unspecified	Oceanagold Corp OGC-T	Jon Case	Likes their free cash flow. Doesn't like the copper coming from it. He is bearish on copper. Oceanagold has two mines in New Zealand that are nearing their end so that is a concern. The company is strong. He doesn't own. / Be the first to comment Tweet finance	Price: $2.000 Subject: PRECIOUS METALS Bias: UNKNOWN Owned: No
2013-05-14	TOP PICK	Osisko Exploration Ltd. OSK-T	Jon Case	(Estimated P/E Ratio: 14.95) Best name in this space. Ramping up production towards steady state. Cash costs are going down. Great potential. / Be the first to comment Tweet finance	Price: $4.290 Subject: PRECIOUS METALS Bias: UNKNOWN Owned: Yes
2013-05-14	COMMENT	PetroBakken Energy PBN-T	Joanne A. Hruska, CFA	Has owned in the past but sold it about two years ago as their debt was getting too high. She is not looking at getting back into this stock at this time. / Be the first to comment Tweet finance	Price: $7.900 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: No
2013-05-14	HOLD	Painted Pony Petroleum PPY-X	Joanne A. Hruska, CFA	She has owned this for a while. It may be a takeover in the next 3=5 years or sooner. It is a good conservative management team which has built up a good parcel of land and will be rewarded for it. / Be the first to comment Tweet finance	Price: $9.080 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: Yes
2013-05-14	COMMENT	Penn West Petroleum PWT-T	Joanne A. Hruska, CFA	Would love to own it , great company but the debt level is too high for her. Needs something to change before she would get back into it.. She used to own but sold about 3 years ago. / Be the first to comment Tweet finance	Price: $9.470 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: No
2013-05-14	COMMENT	Rubicon Minerals Corporation RMX-T	Jon Case	What is the upside potentia on Rubicon? They are ramping up a new mine so their cash flow is not available for 2- 2 plus years. Not in his portfolio. Balance sheet is tight. Share price is under pressure during development stage as there are risks during this stage and the stock tends to go sideways. / Be the first to comment Tweet finance	Price: $1.690 Subject: PRECIOUS METALS Bias: UNKNOWN Owned: No
2013-05-14	COMMENT	Renegade Petroleum Ltd. RPL-X	Joanne A. Hruska, CFA	Would you buy or sell Renegade Petro and is the dividend of 20% sustainable? She knows Renegade well and used to own it but sold it around $4.20 when their debt went up. They will have to make a change whether it be the dividend or on the management side. / Be the first to comment Tweet finance	Price: $1.150 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: No
2013-05-14	WATCH	Surge Energy Inc SGY-T	Joanne A. Hruska, CFA	Surge Energy just appointed a new president/CEO two days ago who is more conservative on the guidance front for production and cash flow. May consider in the next year adding a yield, ie adding a dividend for investors. Management change is positive and will help stabilize the stock price. / Be the first to comment Tweet finance	Price: $4.130 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: Yes
2013-05-14	WATCH	Sure Energy SHR-T	Joanne A. Hruska, CFA	Buy, hold or sell Sure Energy? It is a tiny company with gas exposure. It is quite small and risky. Their debt has creeped up but they have had some successes in the past. She is watching it. / Be the first to comment Tweet finance	Price: $0.225 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: No
2013-05-14	BUY	Silver Wheaton SLW-T	Jon Case	His favourite way to get exposure to silver. Trading at net asset value. Risk reward is good. 5% free cash flow. 2% dividend. / Be the first to comment Tweet finance	Price: $23.800 Subject: PRECIOUS METALS Bias: UNKNOWN Owned: Yes
2013-05-14	WAIT	Strategic Oil & Gas Ltd SOG-X	Joanne A. Hruska, CFA	They could have a huge property in northern Alberta. They are holding right now on the strategic, but are sitting on the sidelines. / Be the first to comment Tweet finance	Price: $1.130 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: Unknown
2013-05-14	WAIT	Twin Butte Energy TBE-T	Joanne A. Hruska, CFA	Does she still recommend Twin Butte Energy and is the distribution sustainable? She sold her holdings about 6 months ago because of their debt levels. Looking at getting back into it again. But Twin Butte just announced that they are having a weaker quarter so she is waiting a quarter or two before getting back into it. Looking for sustained production. The company's debt is getting smaller. / Be the first to comment Tweet finance	Price: $2.120 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: No
2013-05-14	SELL	Talisman Energy TLM-T	Joanne A. Hruska, CFA	It has potential in the future, but for now they have sold it. / Be the first to comment Tweet finance	Price: $11.710 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: Unknown
2013-05-14	HOLD	Torc Oil & Gas Ltd TOG-T	Joanne A. Hruska, CFA	Torc Energy She is watching it and looking to get into it. Recommends holding if you own. There is a chance they might do a share consolidation. Don't panic. Good management team. / Be the first to comment Tweet finance	Price: $1.620 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: No
2013-05-14	HOLD	TriOil Resources TOL-X	Joanne A. Hruska, CFA	She owns it and is holding it. Some assets, thinks it will be worth more. / Be the first to comment Tweet finance	Price: $2.480 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: Yes
2013-05-14	PAST TOP PICK	Whitecap Resources WCP-T	Joanne A. Hruska, CFA	(Since Sept. 2012, up 45.16 %) Well known management team that has been successful over time and they know how to find gas and manage the wealth. Issued a dividend six months ago. / Be the first to comment Tweet finance	Price: $10.340 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: Yes
2013-05-14	WATCH	Yoho Resources YO-X	Joanne A. Hruska, CFA	Management team is quite conservative. Has held it in the past. Likes the team. Looking at buying it again. / Be the first to comment Tweet finance	Price: $2.730 Subject: ENERGY/RESOURCE Bias: UNKNOWN Owned: No
2013-05-14	COMMENT	Yamana Gold Inc. YRI-T	Jon Case	What is the outlook for Yamano Gold? 2.2% yield, well funded and potential to grow. Good free cash flow. but on the light side. If looking for a senior gold mining company it is the one to own. Not optimistic in Argentina. Missed expectations for their earnings last week. Bringing on 3 mines in one year, may miss their production deadlines. / Be the first to comment Tweet finance	Price: $11.890 Subject: PRECIOUS METALS Bias: UNKNOWN Owned: No
2013-05-13	COMMENT	A Comment -- General Comments From an Expert A Commentary	Larry Berman CFA, CMT, CTA	Markets. CNBC (a finance TV Network) has been reported as having a lower viewership recently. He feels this is a good sign as it shows that in the States people are no longer watching or are interested in the market. A lot of the big US pension funds have moved out of the equity markets because of the volotility associated with them so when things are fixed there is a lot more potential for things to move on the upside. That said, he doesn't think we are there yet. Have to wait for the governments of the world to stop supporting the economies, and for the interest rates to stabilize. Three and a half trillion on the Federal Government balance sheet. / Be the first to comment Tweet finance	Price: $0.020 Subject: AGRICULTURE, DIVIDEND & FIXED INCOME Bias: UNKNOWN Owned: _N/A
2013-05-13	COMMENT	A Comment -- General Comments From an Expert A Commentary	Larry Berman CFA, CMT, CTA	Educational segment 30 year treasury yield, if yields get above 3.5 percent he feels that the bond run isn't over. He fields that bonds are a better bet over stocks for the next 4 quarters. Inflation is the number one fear of bond holders. / Be the first to comment Tweet finance	Price: $0.010 Subject: N/A Bias: UNKNOWN Owned: Unknown
2013-05-13	N/A	A Comment -- General Comments From an Expert A Commentary	Larry Berman CFA, CMT, CTA	Growth will slow towards the end of the year. Has happened in the last few years. View is they will move from Canada towards the States. Information Tech, health care, consumer names are starting points. Looking towards the global consumer. A safer way to play the growth in China. / Be the first to comment Tweet finance	Price: $0.020 Subject: NORTH AMERICAN - LARGE Bias: UNKNOWN Owned: Unknown
2013-05-13	COMMENT	A Comment -- General Comments From an Expert A Commentary	Andy Nasr	We are dealing with two kinds of economic growth. Developed economies delivering of financial institutions. Second type wasn't mentioned. We are in a low interest rate environment and we have coordinated fiscal policy trying to stimulate economic growth and in the US create jobs. Self fullfilling prophecy of stimulated economy providing long term growth. Some emerging markets central banks are moving away from export based growth to domestic consumption. / Be the first to comment Tweet finance	Price: $0.020 Subject: NORTH AMERICAN DIVIDENDS Bias: UNKNOWN Owned: Unknown
2013-05-13	COMMENT	A Comment -- General Comments From an Expert A Commentary	Andy Nasr	Commenting on Canadian Tire splitting up it's financial and land holdings into two different companies. He thinks it's more of financial engineering then actual change in value. He does mention that if there is real estate that could be monitized by development then it might make sense, but otherwise just financial engineering. / Be the first to comment Tweet finance	Price: $0.020 Subject: NORTH AMERICAN DIVIDENDS Bias: UNKNOWN Owned: Unknown
2013-05-13	STRONG BUY	Ag Growth International Inc AFN-T	Andy Nasr	Likes the company, thinks it will be a very good growth story over the next 4 years. Valuation is decent. Had recent problems with drought issues in the US. / Be the first to comment Tweet finance	Price: $34.260 Subject: NORTH AMERICAN DIVIDENDS Bias: UNKNOWN Owned: No