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Compiling comments that experts make about stocks while on public TV.

Table View - Opinions in Detail

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Implied Signal Stock Symbol Company Comment Source Program Airdate Airdate Price Opinions $ Goal Expert Program Topic Expert's Bias Own or Relationship Actions
  
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2016-01-29 $0.020

Markets. History has shown that if there is one thing the market doesn’t like it is uncertainty. Volatility has been mostly attributed to how wacky oil prices have been. There are a lot of rumours and a lot of chat, but until we see production cut, everything else is just noise. Saudi’s have come this far, and he doesn’t see them changing their tune at this point. It is not just an oil issue, it is a geopolitical issue, so you are taking a matter that is already complicated and adding a few layers to it, just to add more volatility to the market. He has been underweight energy because he had thought it was overvalued by $15-$20 a barrel when it was $80-$90. There was a lot of geopolitical uncertainty and a risk of supply disruption, but had no idea $30 oil was in the cards. Thinks this is year when there are going to be fewer players remaining online, because it just doesn’t make sense anymore. This is what OPEC and Saudi Arabia are waiting for, and until we get that, oil prices are going to remain volatile.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2016-01-29 $0.020

Oil Sands. Alberta just announced they are going to leave the oil sands royalties unchanged, but are going to implement a 5% flat rate for non-oil sands output, until their costs reach payout status. Then it will become a sliding scale. They are also going to simplify the payments and incentives. New drilling completion costs will be based in Cdn$ rather than volume or time, which will recognize the cost of producing crude and natural gas, and make it consistent across the board, so that it is easier for everyone to understand. If and when the oil price does go up, then the effect of the increased drilling programs will start to benefit all of Alberta. They are set to increase royalties in Alberta by 50% by 2023, which is when they will start to really reap the reward.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2016-02-11 $0.020

Markets.  Gold.  It is not a great sign when you see people moving into a safe haven.  It is the first time we have seen it since 2008. Investors have exhausted all places to put money:  Bonds are volatile, equities are volatile and you don’t earn much in cash.  Be selective in oil.  He has been negative in oil for 4 years.  Even now, he sees we are close to the bottom in oil prices, but you don’t want to falsely translate oil price stability into share price stability in oil stocks.  He is not a buyer in the oil space.  2016 is another year of pain, with even more.  A hand full of oil companies have hedges coming off.  They have been burning cash hoping oil prices will come back. 

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION CAUTIOUS _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2016-02-11 $0.020

Weighting – banks and financials.  If you assign a 10% weighting, then the subsectors should be included in that.  If you add to subsectors then you add to the space.  You might differ between Canadian and US, but otherwise both banks and insurance companies are financials.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION CAUTIOUS _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2016-02-11 $0.020

Negative interest rates in Canada.  We are quite a ways from banks charging to take your money.  Negative interest rates are more of a term.  He believes Canada is going into a recession.  He expects interest rates to go to zero.  You will not be earning a net positive rate after inflation.  This will continue as Canada’s economy struggles.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION CAUTIOUS _N/A View
BUY A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2016-02-11 $0.020

Do I go back into the market from cash?  There is always a risk going to cash, but when you get it right it feels good.  Try to build a portfolio you can live with in tough times.  Remind yourself that going to cash is a strategy that is not sustainable according to history.  Buy now if you are all in cash. He is at 25% right now.  Make sure they are dividend paying names.   Don’t make any big bets on sectors or individual names.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION CAUTIOUS _N/A View
BUY BA-N Boeing Market Call (BNN TV) 2016-01-29 $120.130

He wouldn’t be opposed to this as an entry point. They have a new CEO, who has made it clear that he is not going to make any drastic changes. 70% of revenues comes from commercial jets. What is going to determine where the stock price goes over the next 6-12 months is the 787 plane. Deliveries have been going well which is the positive. The challenge is that they spent more money than originally anticipated, so there has been a bit of margin compression on the 787’s. He is not concerned about the 3.7% dividend yield.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION UNKNOWN Unknown View
COMMENT BAC-N Bank of America Market Call (BNN TV) 2016-01-29 $14.140

The difference between US and Canadian banks is that the US banks don’t generate as much revenue from retail banking, personal and consumer. They are quite heavy in the investment banking and wealth management. This bank tends to operate more like what we know in Canada, in the sense that 60% of its revenue is retail and 40% is wealth management and investment banking, a nice mix. He has targeted regional banks, in order to trim the fat of the lumpy revenues from investment banking. Although the US economy has been improving, it hasn’t been improving at the same pace in all regions. This is a high-quality name with a reasonable dividend, but hasn’t done well over the last 52 weeks. Wouldn’t be in a rush to buy this, but would look at some of the regional names, such as Columbia Banking System (COLB-Q).

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION UNKNOWN No View
TOP PICK BCE-T BCE Inc. Market Call (BNN TV) 2016-02-11 $57.670

You want names with a low beta, which is .4 in this case.  He likes the fiber expansion.  It will boost earnings.  He likes the HBO acquisition.  They will stream current seasons over mobile devices.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION CAUTIOUS Yes View
BUY BNS-T Bank of Nova Scotia Market Call (BNN TV) 2016-02-11 $52.660

TD-T vs. BNS-T.  They are different in terms of the business.  Both get half of their revenue from outside of Canada.  BNS-T has been beaten up more because the Latin American economy is less stable than the US.  It is a good entry point if you don’t have exposure to Canadian banks.  It will be a 9% return including dividend for 5 years amongst volatility.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION CAUTIOUS Unknown View
PAST TOP PICK CAE-T CAE Inc Market Call (BNN TV) 2016-01-29 $14.630

(A Top Pick Feb 27/15. Down 2.47%.) We are really in a market to protect, and not try to hit home runs. This company has done that. Has sold his holdings.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION UNKNOWN No View
PAST TOP PICK CAE-T CAE Inc Market Call (BNN TV) 2016-02-11 $13.600

(Top Pick Feb 27/15, Down 11.32%) He sold in the summer.  He is not overly bearish, but he found better places for his money.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION CAUTIOUS No View
TOP PICK CASH CASH Market Call (BNN TV) 2016-01-29 $0.010

He was at 25% cash in the 1st week of January, and is still sitting at that. Although there are days where the market rallies 1.5%-2%, he wouldn’t cheer too early. Thinks the volatility is going to continue. Cash on the sidelines gives you an opportunity to step in and buy.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION UNKNOWN Yes View
SPECULATIVE BUY CJR.B-T Corus Entertainment (B) Market Call (BNN TV) 2016-02-11 $9.180

It has been a tough place to be.  Pick and pay is going to come out and the market is trying to understand the implications.  They capture higher ad dollars because of the specialty channels.  Now they can see what the subscriber base is per channel vs. the package.  It has a potential of a meaningful upside, however.  12% dividend makes him concerned.  The cash flows look pretty good and have not changed since the share price was higher.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION CAUTIOUS Yes View
PAST TOP PICK CSCO-Q Cisco Market Call (BNN TV) 2016-01-29 $23.790

(A Top Pick Feb 27/15. Down 18.1%.) The story hasn’t changed. With the increased usage of smart phones, there is a need to stay spectrum efficient. This company is helping the carriers do that with networking solutions. Also, with the Internet of Everything, this company tends to benefit in terms of integration of networks. He is excited about their cyber Security side of things. Pays a great dividend, so you need to be a little more patient with this.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION UNKNOWN Yes View
PAST TOP PICK CSCO-Q Cisco Market Call (BNN TV) 2016-02-11 $22.510

(Top Pick Feb 27/15, Down 14.65%) You’ve seen a broad sell off in general in the tech sector.  It’s up 10% today after reporting earnings.  That is in line with why they bought it.  Mobile providers are in need of bandwidth.  Cyber security is where money is being spent and they have done key acquisitions there.  11 times earrings and they raised their dividend. 

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION CAUTIOUS Yes View
TOP PICK CSU-T Constellation Software Inc. Market Call (BNN TV) 2016-01-29 $510.000

The challenge is that the stock just keeps going up and it is very difficult to find an entry point. It is now down about 15% since January, and is at an entry point that many have waited for. Their core business is niche acquisition strategy, so they are acquiring small software companies. The average acquisition size is about $3 million, and they are focusing on a space that the bigger players are not interested in.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION UNKNOWN Yes View
COMMENT CXR-T Concordia Healthcare Market Call (BNN TV) 2016-01-29 $38.270

Concordia Health (CXR-T) or Magna (MG-T)? He prefers Magna. In a world of uncertainty, it tends to be a little more stable.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION UNKNOWN Unknown View
HOLD DIS-N Walt Disney Market Call (BNN TV) 2016-01-29 $95.820

A great brand and a great business. They are making money in several different ways. His favourite part in their business is probably ESPN. That side doesn’t seem to get as much attention as it should. If you bought this at any time in the last 4 years, you have done really well. He is bullish on the US consumer, but is less excited about them than he was a year ago. Doesn’t think you will go wrong with this name, but wouldn’t be loading up on it at these levels.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION UNKNOWN No View
SELL ECA-T Encana Corp Market Call (BNN TV) 2016-02-11 $4.860

It is a tough place to make money and the landscape will not get better.  This name has been wiped off the map.  They made a huge bet on getting out of natural gas and into oil at the wrong time.  They are not doing a whole lot very well if you look at the dividend, the balance sheet and the market they are in.  8.1% yield.  That is good until it is not.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION CAUTIOUS Unknown View
BUY EL-N Estee Lauder Market Call (BNN TV) 2016-02-11 $88.470

Skin care.  They are in the fragrance space through licensing, such as to Michael Kors.  They have had success in the Asian markets (over 20% of revenues).  He likes this name.  Only 8% of revenue is from E-commerce and it moved more toward this space.  Buy it in several buys over time.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION CAUTIOUS No View
TOP PICK EMA-T Emera Inc Market Call (BNN TV) 2016-02-11 $45.270

He has owned it for a couple of years.  You get 4.25% dividend and modest share price appreciation.  Their recent acquisition has grown their footprint in the US significantly, where they can charge higher regulated fees.  6-8% total return and you can sleep at night.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION CAUTIOUS Yes View
COMMENT KO-N Coca-Cola Company Market Call (BNN TV) 2016-01-29 $42.920

Coca-Cola (KO-N) or PepsiCo (PEP-N)? The key difference is that Pepsi has a more established non-beverage business. Coke has not done as well, but has a more established bottling business, with about 15% of business coming from this. It is a low margin high capital business and there are rumours that they will be getting out of this. Would prefer Dr. Pepper Snapple Group (DPS-N) which has about a 10th of the market share of these 2, so there is an opportunity to steal market share.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION UNKNOWN No View
TOP PICK MCD-N McDonalds Market Call (BNN TV) 2016-01-29 $123.780

There was a lot of cash on the sidelines last year, as investors weren’t convinced the company could turn things around. But after the results we have seen recently, that conviction has started to diffuse into the market. Thinks there is going to be a new round of capital coming in from new investors who feel better about the story. They are still early in this turnaround. There is probably 10%-15% upside at the most, and then you want to get out. Dividend yield of about 3%.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION UNKNOWN Yes View
COMMENT MFC-T Manulife Financial Market Call (BNN TV) 2016-02-11 $17.310

He has constantly wrestled with it.  He has looked at it a half a dozen times.  Over the last two years it has done nothing.  This is an entry point because we have had false starts.  He would aim toward Canadian banks.  He prefers SLF-T.  The presence of MFC-T in Asia has not monetized itself. 

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION CAUTIOUS No View
BUY MG-T Magna Int'l. (A) Market Call (BNN TV) 2016-01-29 $48.670

Concordia Health (CXR-T) or Magna (MG-T)? He prefers Magna. In a world of uncertainty, it tends to be a little more stable. It gives you exposure to the auto sector, without having to take the risk of choosing an auto manufacturer. There has been a recent pullback in this, which he likes as an entry point. Also, with the commodity downturn there have been growing margins, especially because of their input costs going down. Pays a good dividend.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION UNKNOWN Unknown View
DON'T BUY MG-T Magna Int'l. (A) Market Call (BNN TV) 2016-02-11 $44.110

Autos are so cyclical.  It can change from a boom year to a bust year so quickly.  F-N is 6-7 times earnings.  This is a theme that works right across the board.  Auto parts is a more defensive area than the automakers.  His opinion on the auto sector is somewhat muted.  The low PE is because the sector is so cyclical.  Don’t be fooled by it.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION CAUTIOUS Yes View
COMMENT PEP-N PepsiCo Market Call (BNN TV) 2016-01-29 $99.300

Coca-Cola (KO-N) or PepsiCo (PEP-N)? The key difference is that this company has a more established non-beverage business. Over 50% of revenue comes from non-beverage items. They have been busy doing acquisitions on that front. Would prefer Dr. Pepper Snapple Group (DPS-N) which has about a 10th of the market share of these 2, so there is an opportunity to steal market share.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION UNKNOWN No View
PAST TOP PICK PRA-N ProAssurance Corp Market Call (BNN TV) 2016-01-29 $50.120

(A Top Pick Feb 27/15. Up 15.5%.) Involved in medical liability, so with Obama Care and more and more Americans accessing healthcare, there is growth in this space, and the need to ensure medical professionals. Have been doing acquisitions over the last year, and feels they are done with spending money and integration. Likes the cross selling opportunities and the expansion of their geographical footprint. A good entry point.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION UNKNOWN Yes View
PAST TOP PICK PRA-N ProAssurance Corp Market Call (BNN TV) 2016-02-11 $48.520

(Top Pick Feb 27/15, Up 10.68%) They have been busy doing acquisitions over the last few years.  They are now done in their spending phase and now those are giving them new clients to cross sell products to.  2.6% dividend.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION CAUTIOUS Yes View
WEAK BUY PWF-T Power Financial Corp Market Call (BNN TV) 2016-02-11 $29.830

You can buy it and put it away and not worry about it, but with the pullback in the market there are places he would prefer to put capital.  It is financial focused.  He would break up the capital you want to allocate to financials if you want to buy this.  He does not see major earnings growth, but you could argue that the share price is going to go back up again.  It is a matter of time before cash comes back into this space.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION CAUTIOUS Unknown View
TOP PICK RMD-N ResMed Inc. Market Call (BNN TV) 2016-02-11 $57.740

Sleep Apnea.  It is quite prevalent – 25% of the population have it.  2.12% dividend.  It is the leader to provide the devices. 

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION CAUTIOUS Yes View
BUY T-T Telus Corp Market Call (BNN TV) 2016-02-11 $39.840

He likes the name.  All the Telcos in Canada are a buy.  Foreigners are not going to come into the space.  It sold off because of what happened in Alberta.  Smart phone adoption in Canada is a lot less than in the US.  Great dividend.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION CAUTIOUS Yes View
BUY TD-T Toronto Dominion Market Call (BNN TV) 2016-02-11 $49.700

TD-T vs. BNS-T.  They are different in terms of the business.  Both get half of their revenue from outside of Canada.  BNS-T has been beaten up more because the Latin American economy is less stable than the US.  It is a good entry point if you don’t have exposure to Canadian banks.  It will be a 9% return including dividend for 5 years amongst volatility.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION CAUTIOUS Unknown View
BUY on WEAKNESS V-N Visa Inc. Market Call (BNN TV) 2016-02-11 $70.150

It is like buying real estate in the most expensive neighbourhood.  V-N has always been in that high multiple. You have to be willing to buy at high valuation.  They are paying you a slim dividend.  (0.8%).  But he sees this as a growth name.  The opportunity is the growth globally if you look at emerging markets.  He would buy in thirds over time.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION CAUTIOUS Unknown View
DON'T BUY VZ-N Verizon Communications Market Call (BNN TV) 2016-01-29 $49.970

Looking at US telecoms, there is good news and bad news. The good news is that you are getting big, fat, juicy dividends. The bad news is that the stock hasn’t really gone anywhere. Prefers Canadian telcos. Although the dividend yield might be lower, on an after-tax basis it becomes more attractive.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION UNKNOWN No View
HOLD WFC-N Wells Fargo Market Call (BNN TV) 2016-02-11 $46.170

More focused on meat and potatoes banking.  Confidence is shaky, but the ability for the US consumer to spend is significant.  Household debt is about 110% of income vs. Canada at 165%.  It is not a buy, but a hold.  He prefers regionals such as COLB-N, who are better at cross selling banking products.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION CAUTIOUS No View
BUY XOM-N Exxon Mobil Market Call (BNN TV) 2016-02-11 $79.350

The smaller players can’t survive.  They can acquire assets at cheap prices.  They are one of the highest quality names in the space.  This is one of the more conservative ways to buy the space.

Kash Pashootan NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION CAUTIOUS Unknown View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-11-20 $0.020

Energy. He is predicting the bottoming of crude oil. It feels like we are getting close. Any time an investor buys an oil stock today, they are making an implicit bet on a higher oil price than today’s, because at today’s oil price, every oil company that he looks at is bankrupt, whether it is one year, 2 year or 5 year. $40 oil simply does not work for the industry. Demand this year is now up to a million barrels a day year-over-year, the fastest rate of growth in 5 years. Believes the key members within OPEC, that grew production materially this year, are plateauing next year. The market itself is repairing the imbalance very, very quickly. If oil stays below $55, the world oil market will be undersupplied this time next year.

Eric Nuttall CANADIAN SMALL & ENERGY UNKNOWN _N/A View
TOP PICK AC-T Air Canada (B) Market Call (BNN TV) 2015-11-20 $11.120

Trading at 2.7X earnings that is going to grow earnings by roughly 10% in a country that is a duopoly. Last quarter they had a return on invested capital of about 18%-20%, so they are shrinking the poorer element of the fleet and expanding the fleet to higher profitability areas. Slightly more levered than the average airline, but that is being paid down massively and quickly over the next year or so. Many of their peers are trading at 6X earnings, while this is trading at below 3X earnings.

Eric Nuttall CANADIAN SMALL & ENERGY UNKNOWN Yes View
SELL COS-T Canadian Oil Sands Market Call (BNN TV) 2015-11-20 $8.700

(Market Call Minute.) Sell it, take your profits and move on.

Eric Nuttall CANADIAN SMALL & ENERGY UNKNOWN Unknown View
TOP PICK CPG-T Crescent Point Energy Corp Market Call (BNN TV) 2015-11-20 $16.870

If you want energy or oil exposure, this is a name that will be a primary beneficiary. When people want a play in the recovery of an oil price, they will sell the Suncors and buy this. Trading at around 6.3-6.4 times cash flow, using $55 oil. If he is wrong in his timing of an oil recovery, they have a fairly decent hedge position for 2016 and financial leverage that is well below average. Dividend yield of about 7.08%.

Eric Nuttall CANADIAN SMALL & ENERGY UNKNOWN Yes View
COMMENT CQE-T Cequence Energy Ltd. Market Call (BNN TV) 2015-11-20 $0.320

(Market Call Minute.) This is under strategic review. Probably gets a bit higher than the share price, but you are not going to get rich owning the stock.

Eric Nuttall CANADIAN SMALL & ENERGY UNKNOWN Unknown View
BUY DIV-T Diversified Royalty Corp. Market Call (BNN TV) 2015-11-20 $2.500

Likes this company. They have royalty streams from 3 areas, Mr. Lube, Suffield Realty and a bunch of restaurants. Last quarter was weak because the same-store sales from their Alberta restaurants were down. At $2.40-$2.50 it looks pretty darn good.

Eric Nuttall CANADIAN SMALL & ENERGY UNKNOWN Yes View
HOLD GRC-X Grenville Strategic Royalty Market Call (BNN TV) 2015-11-20 $0.750

(Market Call Minute.) The stock has had a pretty good run and you are collecting a really juicy dividend yield.

Eric Nuttall CANADIAN SMALL & ENERGY UNKNOWN Unknown View
PARTIAL SELL GSY-T goeasy Market Call (BNN TV) 2015-11-20 $21.660

(Market Call Minute.) Has had a huge run and he would be considering scaling out of the position.

Eric Nuttall CANADIAN SMALL & ENERGY UNKNOWN Unknown View
SELL LTS-T Lightstream Resources Market Call (BNN TV) 2015-11-20 $0.345

(Market Call Minute.) Take your tax loss. In his opinion there is zero equity value in this company.

Eric Nuttall CANADIAN SMALL & ENERGY UNKNOWN Unknown View
SELL MEI-X Manitok Energy Market Call (BNN TV) 2015-11-20 $0.215

The prospect of there being equity value in this company is fairly low. If you own, he would Sell and take a tax loss and move on.

Eric Nuttall CANADIAN SMALL & ENERGY UNKNOWN No View
HOLD NBZ-T Northern Blizzard Resources INC Market Call (BNN TV) 2015-11-20 $4.500

A heavy oil producer with a primary focus in Saskatchewan. It is believed that next week the Alberta government is coming out with new the emission rules, but that applies to heavy oil companies, so don’t panic and Sell this stock. This pays a fairly attractive yield. They have the benefit of having a very good 60% hedge position next year of around $79.50. At the same time they have the benefit of no covenant issues. They do have a large component of private equity, so they can try to make some acquisitions.

Eric Nuttall CANADIAN SMALL & ENERGY UNKNOWN Unknown View
COMMENT NHC-T Nobilis Health Corp Market Call (BNN TV) 2015-11-20 $3.590

He was buying this because of a profound overreaction to a Short report that came out. He sold after he had about a 33% run when the company came out with an announcement that they had hired a fairly respected attorney who discredited the report. This is a name he might revisit early next year. He doesn’t like the excess of volatility.

Eric Nuttall CANADIAN SMALL & ENERGY UNKNOWN No View
TOP PICK NYX-X NYX Gaming Group Ltd Market Call (BNN TV) 2015-11-20 $2.820

An example of how the market can suffer from temporary stupidity in the moment. Stock fell 30%, off the earnings of Amaya (AYA-T). (Amaya is about 20% of NYX revenue.) Amaya had a really weak quarter because of their poker, but their other business of online gambling grew 25% quarter over quarter is a huge upside for their 2016 story. NYX has pure exposure to the online gambling, but no exposure to the poker side. Also, bought 2 businesses they had to eliminate some costs on, so expects Q3 will be their last negative EBITDA quarter. He is looking at a minimum of $0.25 earnings for 2016, and that number can easily grow by 50% in 2017. This is trading below 10X earnings on a company that is growing earnings by 50%. A 2016-2017 earnings story.

Eric Nuttall CANADIAN SMALL & ENERGY UNKNOWN Yes View
BUY on WEAKNESS PD-T Precision Drilling Market Call (BNN TV) 2015-11-20 $5.090

(Market Call Minute.) This will be the 1st driller to move when the drillers eventually move. He would be a buyer at $4.50-$4.75.

Eric Nuttall CANADIAN SMALL & ENERGY UNKNOWN Unknown View
DON'T BUY PHM-X Patient Home Monitoring Market Call (BNN TV) 2015-11-20 $0.680

Volatility spooked him, and management credibility really spooked him when they did their transferring of stock. The challenge he has with rollup strategies is that the business model is premised upon using your cost of capital because you are a public company and buying private companies that are at a cheaper multiple. Eventually they stumble and lose their multiple, and are usually left with a bunch of crappy low growth rate company. This company is a little different in that they are able to cross sell multiple products. Organic growth last quarter was 20%, which is fairly high for a rollup company. Not a name he would want to buy today.

Eric Nuttall CANADIAN SMALL & ENERGY UNKNOWN No View
COMMENT RMP-T RMP Energy Market Call (BNN TV) 2015-11-20 $1.620

There are ongoing questions around their primary asset in terms of declines, oil ratios and water cuts. This has been establishing a position, believed to be an oily part of the Montney play. You are kind of relying on that next property working. It is a name that will perennially be cheap as people are uncertain of the viability of their existing asset. Also, the population and the people that are interested in these small “small cap” oil stocks are a 10th of what it was 10 years ago. There are just not enough guys that care about these names.

Eric Nuttall CANADIAN SMALL & ENERGY UNKNOWN Unknown View
PAST TOP PICK SPE-T Spartan Energy Corp Market Call (BNN TV) 2015-11-20 $2.480

(A Top Pick Oct 17/14. Down 22.96%.) This would be one of the more defendable business models, but at $40 oil the production falls. They would need about $50 oil to step on production again. They are sitting on probably a 10-12 year drilling inventory in south east Saskatchewan. He would buy this at around $2.10.

Eric Nuttall CANADIAN SMALL & ENERGY UNKNOWN No View
SELL SU-T Suncor Energy Inc Market Call (BNN TV) 2015-11-20 $36.600

He would sell this, or even maybe Short it. Trading at ridiculous valuations. If you own this to benefit from a rally in the oil price headline, you are already paying for it. Looking at historical multiples, this is through the roof at 31X forward earnings. If you own Canadian Oil Sands (COS-T), he would Sell that too, because you have already benefited from their bid. The average Canadian portfolio manager has been underweight energy, which has been the right call. However, they need to have some energy exposure, so they buy this company, the largest component of the energy index. As oil recovers, this will be the very 1st source of funds for portfolio managers in order to buy other oil stocks.

Eric Nuttall CANADIAN SMALL & ENERGY UNKNOWN No View
COMMENT TCW-T Trican Well Service Ltd. Market Call (BNN TV) 2015-11-20 $0.770

(Market Call Minute.) Too binary. They have significant financial hurdles over the next two quarters. Either the stock is going up a lot or it is approaching zero.

Eric Nuttall CANADIAN SMALL & ENERGY UNKNOWN Unknown View
PAST TOP PICK TOG-T Torc Oil & Gas Ltd Market Call (BNN TV) 2015-11-20 $6.440

(A Top Pick Oct 17/14. Down 40.49%.) It is approaching his Buy entry of $6. They did not cut the dividend, which speaks to the quality of the properties and management. If we are still up $40 for the next 3 months, he wouldn’t be surprised if they cut their dividend.

Eric Nuttall CANADIAN SMALL & ENERGY UNKNOWN No View
COMMENT TOS-T TSO3 Inc Market Call (BNN TV) 2015-11-20 $1.560

A manufacturer of sterilizing equipment for hospitals. They are proven in the US and Canada. A potential market of 30,000 devices and have sold 7. Next year they are looking for breakeven. He likes a company where you can get in early enough were they are just ahead of revenue and earnings. They are completely protected from a patent standpoint, so there shouldn’t be any competitive threats.

Eric Nuttall CANADIAN SMALL & ENERGY UNKNOWN Yes View
DON'T BUY TOU-T Tourmaline Oil Corp Market Call (BNN TV) 2015-11-20 $25.220

Has been bearish on gas for the last 5 years, and continues to be so. There is just too much supply and he can’t see any dynamic to change that. This winter looks like temperatures are going to be well above average. Storage is at an all-time high today. The only hesitation that he has in this name is their bias towards gas.

Eric Nuttall CANADIAN SMALL & ENERGY UNKNOWN Unknown View
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