2013-02-22
| Signal | Price | Bias | Subject | Owned |
|---|---|---|---|---|
| TOP PICK | $43.410 | BULLISH o n CDN DIVIDEND STOCKS | CANADIAN DIVIDEND | Yes |
Heavy oil producer. Good solid company. Solid balance sheet and solid assets. Problem is the big discount to what they produce. If Keystone XL gets approved and people start to price in the differential coming down, it will be very beneficial for them. Have taken proactive steps to mitigate some of the discount. One of the leaders and pioneers in shipping by rail and have used hedges very aggressively. 6% yield is safe.
Jeff Young
Sr. VP & CIO,
NexGen Financial