Stock Pickers Digest Hotline – Friday, October 19, 2018

WAJAX CORP., $24.22, symbol WJX on Toronto, sells and services cranes, forklifts and other heavy equipment. It also provides related parts and systems such as ball bearings, hoses, diesel engines and transmissions.

Wajax’s customers are spread across the resources, construction, manufacturing and transportation industries.

The company has… Read More

Drilling rebound brightens their outlook

ENERFLEX LTD. $16.30 (Toronto symbol EFX; TSINetwork Rating: Extra Risk) (403-387-6377;; Shares outstanding: 88.6 million; Market cap: $1.4 billion; Dividend yield: 2.3%) rents and sells equipment and services for natural gas production. That includes refrigeration gear, power generators and processing plants.
The company’s revenue fell 6.6% in the… Read More

Demand accelerates for their products

PASON SYSTEMS $20.19 (Toronto symbol PSI; TSINetwork Rating: Speculative) (403-301-3400;; Shares outstanding: 85.1 million; Market cap: $1.7 billion; Dividend yield: 3.4%) serves drilling contractors for oil and gas firms in Canada, the U.S., Mexico and Argentina. The company provides them with rental equipment for monitoring and managing… Read More

Drillers gain from their specialized tech

MAJOR DRILLING $6.90 (Toronto symbol MDI; TSINetwork Rating: Speculative) (1-866-264-3986; www.majordrilling. com; Shares outstanding: 80.3 million; Market cap: $534.0 million; No dividends paid) is a large contract driller that mainly serves the mining industry.

The company believes that mining companies continue to deplete the world’s more… Read More