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>Markets.&nbsp;</strong> </span>You want to be pretty selective in where you put your money and be a bit quicker to get rid of things that aren&rsquo;t working for you.&nbsp; 3 years ago Canada was the place to be.&nbsp; Then she moved to the US and it was a good place to be.&nbsp; She is 65% in the US now.&nbsp; Technology continues to be her largest sector.</p> http://www.stockchase.com/opinions/view/144278 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144278 Kroger Co. <p>It has had a pretty good run and it is not attractive from a valuation point of view.&nbsp; It will pullback more than others in a market correction.</p> http://www.stockchase.com/opinions/view/144279 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144279 Boeing <p>They have about 5 years of backlog orders in their business.&nbsp; You can probably get a bit of a better entry point if you are patient.&nbsp; Not a bad pick.</p> http://www.stockchase.com/opinions/view/144280 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144280 L Brands Inc. <p>They are in great areas and saw great growth in execution.&nbsp; Better economic numbers and wage growth in the US is positive.&nbsp; LB-N has been one of the better performers over the last year or so.&nbsp; There is a concern about how long they can keep up the growth.</p> http://www.stockchase.com/opinions/view/144281 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144281 Visa Inc. <p>Has been doing well because it has the scale and you are seeing the growth in transactions.&nbsp; It has always been a high multiple stock.&nbsp; She just hasn&rsquo;t seen a good opportunity to get in recently.</p> http://www.stockchase.com/opinions/view/144282 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144282 Onex Corp <p>One of the companies she is enthusiastic about. A lot of their assets are in US$.&nbsp; They have strong alignment with shareholders.&nbsp; It is a core holding and a great opportunity.</p> http://www.stockchase.com/opinions/view/144283 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144283 Apple <p>She does not like consumer products tech companies because of how fast the consumer shifts their preferences.&nbsp; She is always watching it, however.</p> http://www.stockchase.com/opinions/view/144284 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144284 Shawcor Ltd. (A) <p><span style="color: #ff0000;"><strong>(Top Pick Jan 10/14, Down 8.96%)</strong> </span>It is tied to oil.&nbsp; She liked it because of ongoing development, which is taking a pause right now.&nbsp; She bought into a declining backlog, but as we work through this cycle it will be a good stock to own.</p> http://www.stockchase.com/opinions/view/144285 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144285 Varian Medical Systems <p><span style="color: #ff0000;"><strong>(Top Pick Jan 10/14, Up 14.91%)</strong></span> Hospitals stepped back to see what the environment was like and now orders have picked up.&nbsp; It is one of the cheapest names still in the health care space.</p> http://www.stockchase.com/opinions/view/144286 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144286 Ann Inc. <p><span style="color: #ff0000;"><strong>(Top Pick Jan 10/14, Down 2.39%)</strong> </span>This one is lagging.&nbsp; As long as she sees management doing something she sticks with the name.</p> http://www.stockchase.com/opinions/view/144287 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144287 Southwest Airlines <p>In the last couple of weeks she has started hearing comments on airline capacity being higher and what impact that has on pricing and margins.&nbsp; This one is in a good position and has a low cost structure.&nbsp; The group has had a run and she would not be surprised at a pullback in US airlines.</p> http://www.stockchase.com/opinions/view/144288 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144288 IBM <p>It has not been a pretty picture for IBM.&nbsp; 8% revenue decline over the last quarter.&nbsp;</p> http://www.stockchase.com/opinions/view/144289 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144289 Walt Disney <p>Has been a great performer.&nbsp; They have been firing on a lot of cylinders.&nbsp; They are trading quite a bit above where they have traded historically so she does not own it.</p> http://www.stockchase.com/opinions/view/144290 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144290 KKR & Co. LP <p>Has been flat for bit now.&nbsp; They had strong realizations as they sold off businesses and now it is a question of what is next.&nbsp; She sees a very good underlying yield to the story.&nbsp; They had some energy exposure that was marked down this past quarter.&nbsp; She likes the management team. &nbsp;There is quite a bit of opportunity for them.</p> http://www.stockchase.com/opinions/view/144291 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144291 CVS Health <p>They are targeting how to generate traffic.&nbsp; They have the pharmacy benefits side which is seen as a competitive advantage.&nbsp; New money should get a better opportunity over the next little while.</p> http://www.stockchase.com/opinions/view/144292 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144292 CSX Corp <p>Good things going on with Intermodal growth.&nbsp; They have been getting tightness in the trucking market because they can&rsquo;t find drivers and now with layoffs in the energy space it is spilling onto the rail side.&nbsp; These are temporary issues.&nbsp; She feels there is just a temporary blip in this story.&nbsp; She would buy on weakness.</p> http://www.stockchase.com/opinions/view/144293 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144293 Starbucks <p>They have done very well execution wise.&nbsp; They are going into different lunches and offerings.&nbsp; A good story, but on the valuation front she just isn&rsquo;t interested.</p> http://www.stockchase.com/opinions/view/144294 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144294 Home Depot <p>Results are consistent with the better economic numbers and wage growth.&nbsp; She does not own it due to valuation.</p> http://www.stockchase.com/opinions/view/144295 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144295 Cognizant Technology Solutions Corp. <p>They help companies be better through technology.&nbsp; It used to be cost cutting and outsourcing and now it is moving more to how to use technology to differentiate the product.&nbsp; They are focused on healthcare and financial services.&nbsp; There is quite a bit of run room in this one.&nbsp; There was a temporary profit warning and she bought into that.</p> http://www.stockchase.com/opinions/view/144296 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144296 Cisco <p>It is just starting to get going.&nbsp; When you consider the net cash flow there is a lot of value in the stock.&nbsp; The company has been very up front about how they are dealing with competitive threats.&nbsp;</p> http://www.stockchase.com/opinions/view/144297 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144297 W. W. Grainger Inc <p>Digitized their large catalogues of manufacturing parts.&nbsp; They focus on working capital.&nbsp; It is a very large scale business.&nbsp; There is some energy overhang so the share price has not done anything in two years.&nbsp;</p> http://www.stockchase.com/opinions/view/144298 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144298 A Comment -- General Comments From an Expert <p><span style="color: red; font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA"><strong>Cdn Markets.</strong></span><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA"> He thinks the TSX is going to be trading between 13,000 and 15,500. To him, the bottom of the range is more important than the top. This is where things are going wrong. The 2 risks he sees are if commodity prices stay lower for longer, and the second risk is if interest rates go up quicker than people expect. Other than energy and commodity stocks, everything is doing pretty well. To get to the top of the range, we would have to see commodity prices pick up fairly significantly. Hopes that the oil price works its way through to the companies. Expects it will take 6-12 months. As long as oil prices trend up in 12 months, the remainder of the companies in the oil patch will be okay on the dividend side.</span></p> http://www.stockchase.com/opinions/view/144299 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144299 Chemtrade Logisitics Inc. <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA">Yields about 5.5% or so, which he thinks is safe. Payout is a little high and they will be working it down. Made acquisitions that they are now paying down. This is a slower growing business. Majority of its growth comes through acquisitions.</span></p> http://www.stockchase.com/opinions/view/144300 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144300 Parkland Fuel Corp <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA">A good yielder. Have grown their yield and are expanding their business. Made a fairly significant acquisition last fall, and there is more potential for them to buy more gas stations out west.</span></p> http://www.stockchase.com/opinions/view/144301 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144301 Freehold Royalties <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA">Pretty good yield even though they did cut their dividend along with everybody else. This is a royalty company, so they don&rsquo;t have the big CapX programs that others do. A good mix of royalty projects and others. He likes the company.</span></p> http://www.stockchase.com/opinions/view/144302 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144302 CCL Industries (B) <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA">Very underappreciated. Earnings were in line. Pays a decent yield of about 1%, but they grow the dividend. This is in a business that continues to make acquisitions in the US.</span></p> http://www.stockchase.com/opinions/view/144303 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144303 Altagas Ltd <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA">Got hit especially hard in the 4<sup>th</sup> quarter, because of its name. Dividend prospects are good. Have good projects coming on, including some Hydro ones in BC. Dividends are likely to grow in the high, single or low double digit area. Have some good opportunities in liquefied petroleum gas as well as liquefied natural gas.</span></p> http://www.stockchase.com/opinions/view/144304 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144304 Manitoba Telecom Services <p>&nbsp;Yield of about 6.8%, but it is questionable if they can maintain it. They could possibly cut it again. This could be a take out candidate some day, but on the acquirer&rsquo;s calendar, not Manitoba Telecom&rsquo;s.</p> http://www.stockchase.com/opinions/view/144305 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144305 Westshore Terminals Inc. <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA">Good company. Reasonable yield and the dividend is safe. Stock price has slowed down because coal exports have slowed down. He believes that longer-term, metallurgical coal is a good business to be in.</span></p> http://www.stockchase.com/opinions/view/144306 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144306 A Comment -- General Comments From an Expert <p><span style="color: red; font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA"><strong>Banks. </strong></span><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA">These represent the economy and what is happening. Their domestic retail businesses pay the dividends and grow the dividends from that. Not a bad place to be, but he would suggest there are other industries you could invest in where you would get added growth. What he does, is have backbone type sectors such as utilities, pipes and telecoms. He then tries to add in some companies that are growing their dividends at a faster rate. It may be a lower yield, but growing at 10%-15%.</span></p> http://www.stockchase.com/opinions/view/144307 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144307 Cenovus Energy <p><span style="color: red; font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA"><strong>(A Top Pick May 7/14. Down 29.42%.)</strong></span><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA"> Long-term assets and low cost producer of SAGD in Christina Lake and Foster Creek. Have other assets they have delayed putting money into, but will do so longer-term. Balance sheet is in pretty good shape. Just did a $1.5 billion issue. Instituted a DRIP program at a 3% discount. Also, have royalty properties that they could sell. Management has stated that protecting the dividend is very important to them. Yield of 4.89%.</span></p> http://www.stockchase.com/opinions/view/144308 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144308 Fortis Inc. <p><span style="color: red; font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA"><strong>(A Top Pick May 7/14. Up 24.41%.)</strong></span><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA"> Continues to like this. Had a couple of acquisitions in the US in the last couple of years that are really coming on stream now from an earnings point of view. Earnings are going to be up 20% plus this year, and it is likely they will be increasing their dividend a little faster.</span></p> http://www.stockchase.com/opinions/view/144309 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144309 Rogers Communcations (B) <p><span style="color: red; font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA"><strong>(A Top Pick May 7/14. Up 4.3%.)</strong></span><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA"> Doing what they said they would do. They were kind of lagging in their customer service side and are fixing that. Increasing their dividend. Still a good company.</span></p> http://www.stockchase.com/opinions/view/144310 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144310 Shaw Communication (B) <p><span style="color: red; font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA"><strong>(A Top Pick May 7/14. (BNN shows this as a Past&nbsp; Top Pick, but our records show that this stock was not mentioned on that date. Also, BNN did not show any percentage gain for this. ) </strong><span style="color: #000000;">This stock h</span></span><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA">it highs a couple of weeks ago. They don&rsquo;t have the wireless problem that others have. There was some speculation of takeover and valuations in the US. Will likely be a candidate at some point.</span></p> http://www.stockchase.com/opinions/view/144311 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144311 Loblaw Companies Ltd <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA">Good company and have a good move up in earnings coming because of their Shoppers acquisition. Their basic food business is pretty brutal. Lots of competition. Without food inflation it is pretty hard for them to get their prices up. Yield is reasonably low, but they are increasing their dividends at a gradual rate.</span></p> http://www.stockchase.com/opinions/view/144312 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144312 Wajax Corp <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA">Yield on this is pretty high and because of their debt position, they are likely to be cutting it at some point. They are related to the oil sector, so that is probably going to soften their earnings.</span></p> http://www.stockchase.com/opinions/view/144313 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144313 Crescent Point Energy Corp <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA">Likes this company. Pretty conservatively managed in that their balance sheet is not significantly leveraged. As part of their whole corporate thing, they Sell forward. This has hurt in the last couple of years, but is now helping them. Dividend is safe for the next 6-12 months if oil prices remain $50+ going on 12 months.</span></p> http://www.stockchase.com/opinions/view/144314 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144314 Enbridge <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA">A good business and they have good projects. They are increasing their dividend at about 10%+ a year.</span></p> http://www.stockchase.com/opinions/view/144315 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144315 Russel Metals <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA">Their biggest component is energy at about 40% or so. A lot of that is more of a service type revenue. Their philosophy is to pay out 80% of their earnings. This is a warehouse business, so there is not a lot of capital needed, other than inventory. The dividend looks okay for now.</span></p> http://www.stockchase.com/opinions/view/144316 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144316 Interfor Corp <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA">He doesn&rsquo;t own forest product companies because of no or low yield. Stocks have done well based on what is happening in the US on the housing side. Also there are some exports to Asia. This is not a sector that he is interested in.</span></p> http://www.stockchase.com/opinions/view/144317 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144317 Aecon Group Inc <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA">This is not a big dividend grower and doesn&rsquo;t have a substantial yield, so he does not own this one. This is a cyclical business and it is going to be challenged by the whole oil patch, because they are in construction.</span></p> http://www.stockchase.com/opinions/view/144318 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144318 SNC-Lavalin Group Inc. <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA">Outstanding legal charges have hurt the stock. Thinks there is an overhang on this stock because of the criminal charges. The likelihood is that they will probably settle. Thinks the whole flow of bidding for them is going to slow down because of their problems.</span></p> http://www.stockchase.com/opinions/view/144319 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144319 Precision Drilling <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA">He doesn&rsquo;t own any of the drillers and hasn&rsquo;t since 2008-2009. This is challenged like all of the drillers because the producers are cutting back CapX. There are not only the cutbacks, but there is big pressure on them to cut their drilling costs 20%-25%. There is no hurry to get into this.</span></p> http://www.stockchase.com/opinions/view/144320 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144320 Trans Canada Corp <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA">Longer-term they are growing their dividend 5%-8% per year, which he likes. You are probably paying nothing for Keystone and maybe a little for Energy East. Growth over the next couple of years, is primarily infrastructure in Alberta.</span></p> http://www.stockchase.com/opinions/view/144321 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144321 Imperial Oil <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA">A lower yielder, so he doesn&rsquo;t own it. Great business. Superior assets.</span></p> http://www.stockchase.com/opinions/view/144322 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144322 Penn West Petroleum <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA">This model works at $70 oil, but does not work at $45 oil, so he sold his holdings. The risk is, if oil prices stay where they are, they will probably have to cut their dividends again. They have good bank lines, but these days those are questionable, as he expects banks will be cutting back on them.</span></p> http://www.stockchase.com/opinions/view/144323 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144323 Pembina Pipeline Corp <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA">Believes this is on sale at these levels. There was some concern about the company because of cost of service. Good CapX program with $1.5 billion this year coming on stream. Another $6 billion in the next 3 years. Their cost of service business is about 70% of their cash flow, and with these projects and re-contracting this gets up to about 80% 3 years out. Yield of 4.47%.</span></p> http://www.stockchase.com/opinions/view/144324 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144324 Royal Bank <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;" lang="EN-CA">Just reported and their strength was on the domestic retail side, a little stronger than what people thought it would be. Margins are actually up a snick, where it was thought they would be down. Capital market was a lot stronger than people were expecting. Good yield of 3.95% which is likely to be increased 3%-4% later in the year.</span></p> http://www.stockchase.com/opinions/view/144325 Thu, 26 Feb 2015 00:00:00 -0500 http://www.stockchase.com/opinions/view/144325