BAC
TRUE ENERGY TRUST $1.25 (Toronto symbol TUI.UN; SI Rating: Speculative) (403-264-8875; www.trueenergy.ab.ca; Units outstanding: 78.5 million; Market cap: $98.1 million) produces oil and gas, mostly in Alberta and Saskatchewan. About 65% of output is gas.
In the three months ended September 30, 2008, production fell 6.4%, to 11,263 barrels of oil equivalent per day, from 14,096 barrels. The decline came because …read more »
Oil and gas trusts are mostly down lately, along with crude oil and natural gas prices.
These three trusts are now cheap in relation to their forecast 2009 cash flows, which are based on those lower oil and gas prices.
ZARGON ENERGY TRUST $14.87 (Toronto symbol ZAR.UN; SI Rating: Speculative) (403-264-9992; www.zargon.ca; Units outstanding: 18.4 million; Market cap: $274.1 million) has oil …read more »
BMTC GROUP $18.08 (Toronto symbol GBT.A; SI Rating: Extra Risk) (514-648-5757; No web site; Shares outstanding: 26.8 million; Market cap: $484.5 million) is one of the largest retailers of furniture, electronic goods and household appliances in Quebec through its affiliates Brault & Martineau Inc. and Ameublements Tanguay.
BMTC has a network of 20 large stores in the Montreal, Quebec City, Repentigny, …read more »
THE CHURCHILL CORP. $8 (Toronto symbol CUQ: SI Rating: Speculative) (780-454-3667; www.churchillcorporation.com; Shares outstanding: 17.8 million; Market cap: $142.6 million) offers a range of construction, general contracting, maintenance, insulation, fireproofing, electrical and power-line construction services to clients in the resource extraction, industrial, utility and power-generation industries throughout western Canada.
In the three months ended September 30, 2008, Churchill’s revenues rose 12.4%, …read more »
CANADA BREAD CO. LTD. $50 (Toronto symbol CBY; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 25.4 million; Market cap: $1.3 billion; Price-to-sales ratio: 0.8; SI Rating: Above average) is Canada’s second largest maker of fresh and frozen breads, rolls and bagels, behind Weston Bakery. It also makes specialty pastas and sauces. Main brands include Dempster, Tenderflake and Olivieri.
Canada Bread continues …read more »
Our long-standing advice is to invest in well established companies and spread your funds out across the five main economic sectors: Manufacturing & Industry, Resources & Commodities, the Consumer sector, Finance and Utilities.
Generally speaking, stocks in the Resources & Commodities sector and the Manufacturing & Industry sectors expose you to above-average volatility, while those in the Finance and Utilities sectors …read more »
CANADIAN IMPERIAL BANK OF COMMERCE $49 (Toronto symbol CM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 380.8 million; Market cap: $18.7 billion; Price-to-sales ratio: 1.5; SI Rating: Above average) is down 37.6% from its recent peak of $78.48 in May, 2008. That’s mainly because it has the most exposure to the problems in the U.S. mortgage market among the big …read more »
Many of our recommendations have dropped sharply in the past few months, along with the overall market. Here are 10 stocks that we feel have strong rebound potential in 2009.
CANADIAN IMPERIAL BANK OF COMMERCE $49 (Toronto symbol CM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 380.8 million; Market cap: $18.7 billion; Price-to-sales ratio: 1.5; SI Rating: Above average) is down …read more »
BANK OF NOVA SCOTIA $33.65 (Toronto symbol BNS: Shares outstanding: 991.9 million; Market cap: $33.4 billion; SI Rating: Above average) has completed the $2.3 billion purchase of Sun Life Financial’s 37% stake in TSX-listed CI Financial Income Fund, Canada’s third-largest mutual fund company.
Bank of Nova Scotia’s revenue in its fiscal year ended October 31, 2008 fell 4.9%, to $11.9 billion …read more »
Our oil and gas trust recommendations hit record highs in 2007 and 2008, mainly in line with soaring oil and gas prices. In mid-2008, oil hit a record peak of $147 U.S. a barrel. Natural gas prices reached as high as $14 U.S. per thousand cubic feet.
Oil and gas stocks have fallen since those highs. Oil is currently trading at …read more »
