Stockchase Recent Top Picks RSS Recent Top Picks by Experts en Stuart Olson Inc <p>A number of years ago they acquired a company that had a number of fixed price contracts that really went over budget and punished the company. Those are finally being worked through and are now sitting with a record backlog. As that backlog develops, he expects the margins are going to go up. Thinks we can see significant appreciation on this. Dividend yield of 4.71%.</p> Tue, 26 Aug 2014 00:00:00 -0400 Fortis Inc. <p>They completed the acquisition of UTS in the US ahead of schedule. This is a real company changing acquisition. Has increased the size of the company. Feels that people are not really seeing how substantial this is going to be over the next couple of years. Expects earnings to go through the $2 level for the next few years. Dividend yield of 3.86%.</p> Tue, 26 Aug 2014 00:00:00 -0400 Cenovus Energy <p>We are going to see them going from about 270,000 barrels a day to over 300,000 in the next couple of years. They have a target of over 500,000 in 2020-2021. The growth profile is never guaranteed, but they have already identified projects where this could come to light. They have not really participated with the other oil companies in the energy boom. He sees earnings going well over $2-$2.20 in the next year or two. Yield of 3.13%.</p> Tue, 26 Aug 2014 00:00:00 -0400 Harmony Gold Mining Co Ltd <p>Based in South Africa where there are a lot of problems. There is a union that is very, very difficult, and which is looking at targeting the gold sector. This company has had a few deaths at their mines, which does not bode well. Also, gold prices have certainly hurt them. He really likes the management, which is very conservative. Eliminated the dividend, but when things get better, the dividend will get back in place. Recently showed a loss because they took a write-down on one mine. There would have been a slight profit if they had not done that. This pick is very contrarian from both a geographic perspective and the price of gold. His Initial Sell Target is $16.14.</p> Tue, 26 Aug 2014 00:00:00 -0400 Capstone Infrastructure <p>Bought this because he thought they would come to an agreement with the Ontario power Authority for their Cardinal cogeneration plant. They got a 20 year agreement, but he still doesn&rsquo;t know how good it is. It is going to hinder their cash flow. Payout ratio is about 60%, and because of the cash flow drop, it could go over 100%. Increasing things in their Bristol water plant in the UK which is developing well. Management is becoming smarter over time. There are companies being taken over in this field right now and infrastructure is reasonably hot. Initial Sell Target is $8.74. Dividend yield of 6.77%.</p> Tue, 26 Aug 2014 00:00:00 -0400 AgJunction Inc <p><span style="color: #ff0000;"><strong>(A Top Pick Aug 12/13. Down 27.27%.)</strong></span> Not dealing well with the slowdown in the agricultural sector. Revenues went down to 37% over the past year. New management has been very transparent. His Initial Sell Target is $3.49. Even with the drop in revenues, they only lost about $600,000 because they cut a lot of workers from about 270 to 170. They are very, very diligent on expenses.</p> Tue, 26 Aug 2014 00:00:00 -0400 Royal Bank <p>Likes the earnings report that they came out with last Friday. A global leader. They&rsquo;ve laid out a game plan where 50% of the business should be domestic and 50% should be global. Also, 50% should be in wealth management and 50% in other traditional banking areas. That sets a model for other banks. Yield of 3.7%.</p> Mon, 25 Aug 2014 00:00:00 -0400 Precision Drilling <p>Largest driller in Western Canada and 4<sup>th</sup> largest onshore driller in the US. It is expanding beyond those borders. On a macro basis, he likes the energy field, and because of the outlook for global growth we will see more drilling and more activity in the various oil areas. Recently did a deal with Schlumberger (SLB-N) where they will use their technical expertise and marketing assistance to reach a broader list of customers in the US. He sees a 40%-50% gain at least, over the next year or so. Yields of 1.84%.</p> Mon, 25 Aug 2014 00:00:00 -0400 Crescent Point Energy Corp <p><span style="color: #ff0000;"><strong>(A Top Pick Aug 27/13. Up 24.72%.)</strong></span> 6.2% dividend yield. Have continuously bought land, which is highly prospective. Essentially, the recovery rate for the Bakken type wells that they drill is 15%-20%. 20%-30% for a normal conventional well. There are 750 wells that they think they can use their water flood and production liner techniques to enhance the recovery and get it up to 20%, maybe higher. They have an inventory of 7650 wells going forward, to which they can apply these techniques. $53 would be a reasonable estimate. Yield of 6.17%.</p> Mon, 25 Aug 2014 00:00:00 -0400 Tourmaline Oil Corp <p><span style="color: #ff0000;"><strong>(Top Pick Aug 19/13, Up 34.01%)</strong> </span>One of his largest holdings.&nbsp; They have a huge amount of acreage and the well results keep getting better and better and better.&nbsp; Great management teams can identify great acreage.&nbsp; Confident they will formalize a 20 rig program for next year.&nbsp; Huge inside ownership.&nbsp; Coming catalysts.</p> Mon, 25 Aug 2014 00:00:00 -0400 CASH <p>September usually offers opportunities.&nbsp; He is in 32% cash.</p> Mon, 25 Aug 2014 00:00:00 -0400 Panterra Resource <p>It is a very new company&nbsp;&nbsp; It is a high risk name.&nbsp; One of the few remaining management teams experienced in the foot hills of Alberta.&nbsp; Not a lot of predictions of production forecasts.&nbsp; They are just waiting on drilling permits over the next three months.&nbsp; Expects them to do more deals.&nbsp; Give them the next year.</p> Mon, 25 Aug 2014 00:00:00 -0400