The Successful Investor Hotline – Friday, April 24, 2009

PRECISION DRILLING TRUST, $5.70, Toronto symbol PD.UN, announced this week that it has issued $175 million in new long-term notes to the Alberta Investment Management Corporation (AIMCo). AIMCo is a crown corporation that manages Alberta’s public-sector pension plans and other special funds. Precision is making… Read More

The Successful Investor Hotline – Friday, April 17, 2009

GENNUM CORP., $4.80, Toronto symbol GND, fell 9% on Friday after it increased its friendly takeover bid for Ottawa-based Tundra Semiconductor Corp. (Toronto symbol TUN).

Like Gennum, Tundra makes chips and components for computer networking hardware, like modems and routers. Gennum’s products also let… Read More

The Successful Investor Hotline – Friday, March 27, 2009

PETRO-CANADA, $34.68, Toronto symbol PCA, jumped 17% this week after it accepted a friendly takeover offer from Suncor Energy Inc. ($29.36, Toronto symbol SU). (Suncor is not related to Philadelphia-based refiner Sunoco Inc., New York symbol SUN.)

Under the terms of the deal, Petro-Canada shareholders will… Read More

The Successful Investor Hotline – Friday, February 20, 2009

ENCANA CORP., $48.27, Toronto symbol ECA, has agreed to sell the gas from its Deep Panuke offshore development near Nova Scotia to Repsol YPF SA, a Spanish oil-and-gas firm. The Deep Panuke project, worth $550-million (all amounts except share price in U.S. dollars), should begin… Read More

Teck Braces for Lower Coal Prices

TECK COMINCO LTD. $5.73 (Toronto symbol TCK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 449.4 million; Market cap: $2.6 billion; Price-to-sales ratio: 0.4; SI Rating: Extra risk) currently sells its coal to steelmakers for about $300 U.S. a tonne. However, the company must re-negotiate these… Read More

The Successful Investor Hotline – Friday, January 30, 2009

CANADIAN PACIFIC RAILWAY LTD., $37.22, Toronto symbol CP, earned $631.5 million in 2008, down 6.1% from $672.8 million in 2007. Per-share earnings fell 6.0%, to $4.06 from $4.32. These figures exclude foreign-exchange losses and other one-time items. The drop was largely caused by higher fuel… Read More

Fording Purchase Raised Teck’s Risk

TECK COMINCO LTD. $6.65 (Toronto symbol TCK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 449.4 million; Market cap: $3.0 billion; SI Rating: Extra risk) has completed its purchase of Fording Canadian Coal Trust. Teck is now one of the world’s largest producers of metallurgical coal,… Read More

The Successful Investor Hotline – Friday, November 21, 2008

BANK OF NOVA SCOTIA $31.25, Toronto symbol BNS, expects to record charges totaling $595 million (after taxes) for its fourth fiscal quarter ended October 31, 2008. These charges include $370 million in writedowns of illiquid securities, $115 million of losses related to the bankruptcy of… Read More