Stockchase Daily News RSS The Days Comments by Experts http://www.stockchase.com/ en A Comment -- General Comments From an Expert <p><span style="color: #ff0000;"><strong>Oil Stocks.</strong></span> Western Canada needs around $60 oil to really work. In Cdn$ terms we almost hit that about a month ago, and that is enough to make people feel good and to believe that it is no longer a total disaster. Then the oil price slips, but the feeling is an awful lot better. But it doesn&rsquo;t mean that we are actually off to the races.</p> http://www.stockchase.com/opinions/view/161575 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161575 A Comment -- General Comments From an Expert <p><span style="color: #ff0000;"><strong>Gold.</strong></span> There has been such an amazing move in gold. He likes to look at this in Cdn$ terms, and we are really at all-time highs. If you have your gold mine in Canada with the Cdn$ costs, you are very profitable and you had a good run. Shouldn&rsquo;t be too overenthusiastic.</p> http://www.stockchase.com/opinions/view/161576 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161576 Royal Dutch Shell PLC (A) <p>As the Cdn$ got so cheap, he was more concerned about buying things here first, in Cdn$ terms, because then he gets the bounce in Cdn$ which gives you a gain in oil, but also a currency kick.&nbsp;</p> http://www.stockchase.com/opinions/view/161577 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161577 Tahoe Resources <p>This can become a great Canadian mid-cap producer in 2-3 years&rsquo; time, and then you get the valuation bump as well. However, with what they actually have today, the stock is expensive. The other problem is that they have had a run. Gold has had the run, and the Cdn$ has had the run at the Cdn$ gold price. Because of that, he is cautious at this time.</p> http://www.stockchase.com/opinions/view/161578 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161578 PrairieSky Royalty <p>He loves this at $15. Because other people drill their land, you don&rsquo;t quite know how the world is going to play out. The gas market has had a great jump in gas, and this looks a lot better. It is a great thing to own long-term, but he would just like to try and steal it if he can be patient. He came within $2 in the spring.</p> http://www.stockchase.com/opinions/view/161579 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161579 Aecon Group Inc <p>A very consistent company over time, and construction is relatively consistent. This is all about their future book. They have debt outstanding. Sometimes the market gets really worried that they have debt, but he thinks it is a very solvent company. It seems hard for the company to grow dramatically, so in really bad times, he is able to buy the bonds with about an 8% yield. Any time the stock is $9-$10, it is interesting, but on a risk/reward basis, where he can buy the bond at 8% it is an incredible way to invest. He just sold his bonds which he felt were fully valued.</p> http://www.stockchase.com/opinions/view/161580 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161580 New Gold Inc. <p>If there was a tight group of 5 companies that he would find investable right now, this would be in the next level up. Their projects are good, but he never gets a feeling they are super fantastic.</p> http://www.stockchase.com/opinions/view/161581 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161581 Sandstorm Gold Ltd. <p>Going back 3 years, we had an incredible bull market in gold. All sorts of properties that probably shouldn&rsquo;t have gone into production, went into production. Huge amounts of money got spent in the industry with not really an internal rate of return. The whole gold sector has bounced back. This one is a whole mixed bag, and to go into all those projects that they acquired at the height of the bull market, there are some real question marks.</p> http://www.stockchase.com/opinions/view/161582 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161582 Boralex Inc. <p><span style="color: #ff0000;"><strong>(A Top Pick July 28/15. Up 48.84%.)</strong> </span>He was playing defence on these 3 stocks picks, just looking for a way not to get creamed. This has now become a hot stock, so he is no longer in it. Dividend yield of about 3%.</p> http://www.stockchase.com/opinions/view/161583 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161583 Labrador Iron Ore Royalty <p><span style="color: #ff0000;"><strong>(A Top Pick July 28/15. Up 21.97%.)</strong></span> He was playing defence on these 3 stock picks, just looking for a way not to get creamed. The stock had a bounce and he sold into it. Dividend yield of 7%.</p> http://www.stockchase.com/opinions/view/161584 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161584 Suncor Energy Inc <p><span style="color: #ff0000;"><strong>(A Top Pick July 28/15. Up 8.92%.)</strong></span> He was playing defence on these 3 stock picks, just looking for a way not to get creamed.</p> http://www.stockchase.com/opinions/view/161585 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161585 Veresen Inc <p>There are things on how this company evolved that he doesn&rsquo;t like. This has a great business in the Port Chicago pipeline, and historically they have taken their money and kind of blown it. Their LNG workings on the West Coast seems to always have pipeline issues in the forest, and along with lower global natural gas prices he questions if it gets built. Prefers TransCanada (TRP-T). Dividend yield of about 9.5%.</p> http://www.stockchase.com/opinions/view/161586 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161586 Advantage Oil & Gas Ltd <p>This has done an incredible job of production and getting their costs down. We have a real use of natural gas for electricity air conditioning generation across North America, so gas prices are up. This is not the day that you want to buy gas stocks.</p> http://www.stockchase.com/opinions/view/161587 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161587 Baytex Energy Corp <p>This is the most leveraged to the pure oil price. If we had a real rally in oil prices, into the $60-$70 range, this stock would be going to $15. However, if it gets in trouble and if oil goes the other way, he owns the bonds instead.</p> http://www.stockchase.com/opinions/view/161588 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161588 Crescent Point Energy Corp <p><span style="color: #ff0000;"><strong>Whitecap (WCP-T), Crescent Point (CPG-T) or Cardinal Energy (CJ-T)? </strong></span>Crescent Point and Whitecap are very similar and would be on his list. This company really seems to be hunkering down and trying to work with what they have. Very disciplined. This is the one that he would gravitate towards.</p> http://www.stockchase.com/opinions/view/161589 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161589 Whitecap Resources <p><span style="color: #ff0000;"><strong>Whitecap (WCP-T), Crescent Point (CPG-T) or Cardinal Energy (CJ-T)?</strong></span> Crescent Point and Whitecap are very similar and would be on his list.</p> http://www.stockchase.com/opinions/view/161590 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161590 Cardinal Energy Ltd <p><span style="color: #ff0000;"><strong>Whitecap (WCP-T), Crescent Point (CPG-T) or Cardinal Energy (CJ-T)?</strong>&nbsp; </span>A really great company and doing a really great job. Low cost oil. Very focused plays. However, if you beat it up and you really have oil sit at $15, it gets in trouble. It looks like they want to build a big company, but are really paying up for things.</p> http://www.stockchase.com/opinions/view/161591 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161591 Tourmaline Oil Corp <p>This is in his group of great companies. Gas price has just had this run because of the hot summer weather, so he would wait. They don&rsquo;t have a lot of debt and have about $1 billion of hard asset value, such as pipes and plants. However, on cash flow at this gas price, they are still committed to spending $1.1 billion, and the cash flow 6 weeks ago look like it was going to be $600 million. Gas price needs to go higher. Sold his holdings into this run, and moved his money into TransCanada (TRP-T).&nbsp;</p> http://www.stockchase.com/opinions/view/161592 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161592 Ensign Resource Service Group <p>He prefers something like Vermilion which doesn&rsquo;t have to cut its dividend. These fracing companies should be able to come out of this situation really beaten up and still really do well, as long as they get through it. The timing is starting to feel right.</p> http://www.stockchase.com/opinions/view/161593 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161593 Algonquin Power & Utilities Corp <p>(Market Call Minute.) It is unbelievable how well the stock has done. This is on his very short list of companies he would own, given the right environment. A lot of the assets are in the US. If the Cdn$ gets to the right price and he can get this on a bad day, he would absolutely own it.</p> http://www.stockchase.com/opinions/view/161594 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161594 Brookfield Infrastucture Partners <p>(Market Call Minute.) This is a fantastic collection of assets. It has a weird payout if you own outside of an RSP. Prefers and owns Brookfield Asset Management (BAM-N).</p> http://www.stockchase.com/opinions/view/161595 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161595 Teck Resources Ltd. (B) <p>(Market Call Minute.) He would own the bonds, not the stocks, at this level.</p> http://www.stockchase.com/opinions/view/161596 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161596 Hydro One <p>(Market Call Minute.) There is not enough disclosure for him to be comfortable with. Everybody should own it, if it had disclosure.</p> http://www.stockchase.com/opinions/view/161597 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161597 Rio Tinto <p>Bulk commodities, base metals and over a 6% yield. Thinks we are actually in the bottoming stage now. It will be slightly better a year from now. The news in China for the time being is better.</p> http://www.stockchase.com/opinions/view/161598 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161598 Vermilion Energy Inc <p>This is a really good company. It is in Canada, Europe and Australia, and it has oil/gas in different places. The one knock against it is that in January it had too much debt. However, if commodities are recovering, that is not a problem.</p> http://www.stockchase.com/opinions/view/161599 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161599 Altagas Ltd <p>This is really good at driving little projects such as power, energy processing, etc. There are lots of investing they will be able to do, but are just not announcing it right now. 6% dividend yield.</p> http://www.stockchase.com/opinions/view/161600 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161600 A Comment -- General Comments From an Expert <p><span style="color: #ff0000;"><strong>Markets.</strong> </span>So far we have seen pretty good earnings from some of the companies that have reported to date. Overall he is happy and, if anything, has probably seen a bit of an earnings trough going back a quarter or 2. Starting to see some acceleration both from revenue and earnings across the board. Valuation on Canadian banks, especially when compared to the US, are sky high, and is something he is watching, but feels we will see some kind of pick up in inflation going over the next 12 months which will increase interest rates and which will be positive for bank earnings.</p> http://www.stockchase.com/opinions/view/161601 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161601 Shopify Inc. <p>Because of its limited history, it doesn&rsquo;t really rank well in his process from a fundamental standpoint. Technically it ranks very well and has nice, strong price momentum. He would like to see some earnings and solid cash flow before getting involved. At this time, price momentum and technical aspects look very strong and are going in the right direction.</p> http://www.stockchase.com/opinions/view/161602 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161602 Canexus Corp <p>Owns this in his &ldquo;growth&rdquo; portfolio. The stock has started to accelerate again. It has basically been building a base. Trading at about 40X earnings, so is very expensive and probably scares a lot of people off. Have been growing earnings at about 40% a year, so from a price earnings to growth ratio, you are paying a reasonable valuation. However, if there&rsquo;s any type of hiccup the stock will sell off.</p> http://www.stockchase.com/opinions/view/161603 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161603 First Quantum Minerals <p>Ranks fairly well in his process, both from a fundamental and a technical basis. This is a result of 2 factors. One has been a rising price in commodities. Also, it got beaten up so badly in 2015, that people who were under-exposed to the sector are really clambering to try to get in.</p> http://www.stockchase.com/opinions/view/161604 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161604 Yamana Gold Inc. <p>Ranks very well in his process, both from a fundamental and from a technical standpoint. As to whether there is more room left to go, a large part depends on gold and where the price goes. Thinks we are probably entering a new bull market for gold, but it is hard to stay with because the rallies in the declines can be so sharp. In a case like this, you really have to trade around it. Have a core position, and then add or remove as the stock runs up.</p> http://www.stockchase.com/opinions/view/161605 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161605 A Comment -- General Comments From an Expert <p><span style="color: #ff0000;"><strong>Gold.</strong> </span>Thinks the world is going to look at central banks and realize that they don&rsquo;t have full control the way most people think they do. As a result, gold is probably going to become a currency, not just a commodity. At the same time, you might also see the US$ being strong.</p> http://www.stockchase.com/opinions/view/161606 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161606 Kinross Gold <p>Ranks fairly well from a fundamental and a technical basis. With the price of gold moving up so much and with a lot of these gold stocks, there is potential for negative surprises, because there is so much expectation built in. It wouldn&rsquo;t surprise him to see the company miss on this quarter and the stock pull back, which might be an opportunity to get in.</p> http://www.stockchase.com/opinions/view/161607 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161607 Magna Int'l. (A) <p>This has been basing, and now he thinks we get to the point where it is starting to accelerate. It doesn&rsquo;t rank super well in his process, which he thinks is a result of valuation. At this point in time, he hasn&rsquo;t seen an earnings trough, but you are probably getting close to where you are going to see an acceleration in their earnings.</p> http://www.stockchase.com/opinions/view/161608 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161608 Supremex Inc <p>Ranks in the middle of the pack for him. Technically it hasn&rsquo;t been super strong. Part of that is probably due to some concern over whether or not it will sell off because of the Canada Post strike. He wouldn&rsquo;t be surprised if they had weaker earnings when they report. Overall the business continues to be fairly strong. They are probably one of the only producers of envelopes that are still out there. Feels the dividend is safe. The stock probably goes higher as they continue to make acquisitions.</p> http://www.stockchase.com/opinions/view/161609 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161609 Alimentation Couche-Tard (B) <p><span style="color: #ff0000;"><strong>(A Top Pick July 3/15. Up 10.83%.)</strong></span> Sold his holdings at about this level in February. This is a long-term growth company, and one that you can just Buy and tuck away. If you are a longer-term investor, continue to Hold.</p> http://www.stockchase.com/opinions/view/161610 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161610 Carmanah Technologies <p><span style="color: #ff0000;"><strong>(A Top Pick July 3/15. Down 43.04%.)</strong></span> Sold his holdings at around $5.50, and lost money. Their business continues to grow, and this is one that he continues to watch. There is lots of promise here.</p> http://www.stockchase.com/opinions/view/161611 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161611 DIRTT Environmental Solutions <p><span style="color: #ff0000;"><strong>(A Top Pick July 3/15. Down 17.93%.)</strong></span> A really interesting company and is in the early innings of its growth phase. They are really trying to do something brand-new, building interior office solutions. It is now into hospitals, schools, and now even getting into residential. Earnings tend to be fairly lumpy, so he traded out of it at a higher price and has just been waiting.</p> http://www.stockchase.com/opinions/view/161612 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161612 Diversified Royalty Corp. <p>The market is obviously a little concerned about the dividend which is fairly high. However, overall he feels it is going to be fairly safe, because the CEO built this company to be a royalty stream company, and as a result knows that that dividend has to be sacred, so will do what he can to keep it and maintain it. There is some cyclicality to the business, especially in the Fran Works, a restaurant business mostly out in Alberta. The CEO is always working on new royalty streams. He wouldn&rsquo;t be surprised to see him come up with something brand-new.</p> http://www.stockchase.com/opinions/view/161613 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161613 Northwest Healthcare Property REIT <p>Owns this in his income portfolio. Their portfolio is diversified outside of Canada. Thinks they will continue to grow by acquisition. They pay nice yield and the CEO owns a fair bit of the stock as well.</p> http://www.stockchase.com/opinions/view/161614 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161614 Alaris Royalty <p>Just reported earnings. The market was looking for some resolution on some of their partnerships, which he felt came out negatively. They also didn&rsquo;t talk about any new partnerships. As a result, this had a fairly negative day today. He wouldn&rsquo;t be surprised if it had another day or 2 of weakness and then probably stabilizes. They are going to continue to grow their distribution over time.&nbsp;</p> http://www.stockchase.com/opinions/view/161615 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161615 Patient Home Monitoring <p>This had a dramatic move up of over 40% today, but he didn&rsquo;t see any news on why. Looking at their underlying business, what they have and where the stock is, are really disconnected right now. The company still has strong cash flow. The last quarter they didn&rsquo;t have any earnings, but thinks that was a temporary thing for the one quarter. Suspects they will move back into being earnings positive/cash flow positive. There will also probably be a ramp up in their revenue, which will translate into stronger cash flow and earnings going forward.</p> http://www.stockchase.com/opinions/view/161616 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161616 Breaking Data Corp <p>In the last few days this has had some interesting news releases. Announced that everything was up and live with TabCorp, the online gaming in Australia, which is fairly significant for the company as it is another revenue-generating opportunity. Also, recently announced a couple of new people to the company, one of them holding the title of Chief Revenue Officer. Being a Revenue Officer and not the Financial Officer indicates that revenue is probably going to ramp up.</p> http://www.stockchase.com/opinions/view/161617 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161617 Altagas Ltd <p>An excellent operator, and you will see some growth from this over time. This is not just gas, but they have a very diversified portfolio including some water resources. Expects you will see ever-increasing distribution as they continue to build new projects and expand. Ranks fairly well in his process.</p> http://www.stockchase.com/opinions/view/161618 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161618 Linamar Corp <p>Doesn&rsquo;t rank really high in his process, but from a technical standpoint it is starting to base and turn up. This is going to continue to get more pieces of every single car.</p> http://www.stockchase.com/opinions/view/161619 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161619 Air Canada (B) <p>(Market Call Minute.) He would avoid this.</p> http://www.stockchase.com/opinions/view/161620 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161620 Nobilis Health Corp <p>(Market Call Minute.) Valuation is super cheap on this.</p> http://www.stockchase.com/opinions/view/161621 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161621 Enbridge <p>(Market Call Minute.) He would be getting a little concerned based on valuation.</p> http://www.stockchase.com/opinions/view/161622 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161622 Concordia Healthcare <p>(Market Call Minute.) This would probably be a Buy, but only a part position right now.</p> http://www.stockchase.com/opinions/view/161623 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161623 Exchange Income <p>(Market Call Minute.) If this pulled back, he would be interested in buying it.</p> http://www.stockchase.com/opinions/view/161624 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161624 Boston Pizza Royalties <p>(Market Call Minute.) If it pulled back, it would be something he would add to.</p> http://www.stockchase.com/opinions/view/161625 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161625 Ag Growth International Inc <p>(Market Call Minute.) This ranks well for him.</p> http://www.stockchase.com/opinions/view/161626 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161626 Superior Plus Corp <p>(Market Call Minute.) Wouldn&rsquo;t chase this one too much.</p> http://www.stockchase.com/opinions/view/161627 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161627 DirectCash Payments Inc <p>(Market Call Minute.) If it pulled back, it would be something he would look at.</p> http://www.stockchase.com/opinions/view/161628 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161628 Enghouse Systems <p>(Market Call Minute.) If it pulled back, he would look at entering this.</p> http://www.stockchase.com/opinions/view/161629 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161629 Just Energy Group <p>This does energy services and energy marketing, so they are a reseller of different products such as natural gas. Now they&rsquo;ve just gotten into solar. Have done test marketing both in California and New York, which has gone well, so they are going to start to roll it out across the country. They are also starting to take their existing traditional services over into Europe. The company is on a bit of a growth path, and he thinks you could start to see the earnings accelerate. Trading at a fairly reasonable valuation. Dividend yield of 6.21%.</p> http://www.stockchase.com/opinions/view/161630 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161630 Pacific Insight Electronics <p>In the auto components business, and manufactures LED lighting systems and some different components of gauges, as well as some wire harnessing. One of their big customers is Ford (F-N). Stock has been growing fantastically on an earnings basis, and is super cheap, trading at about 8X earnings, and have been growing their earnings by about 25% per year. CEO is talking about some expansion into new areas such as electric vehicles.</p> http://www.stockchase.com/opinions/view/161631 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161631 Sleep Country Canada Holdings <p>They are going to continue to build out more stores across the country and get saturation numbers a lot lower, as far as the people per store they have. At the same time they keep increasing the number of dollars that people spend. People not only buy mattresses, but also buy other things such as fancy pillows, etc. Have had 11 quarters of fantastic growth. Dividend yield of 1.93%.</p> http://www.stockchase.com/opinions/view/161632 Wed, 27 Jul 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/161632