Jul 27, 2016
Bill Harris' Top Picks: July 27, 2016
BNN Bloomberg
Bill Harris, Partner & Portfolio Manager, Avenue Investment Management
FOCUS: Resource & Infrastructure Stocks
_______________________________________________________________
MARKET OUTLOOK:
Most large oil producing stocks are ahead of themselves given that Western Canada seems to need $60 oil. However, we believe that supply will tighten over the next 12 months and oil will trade over $60.
Base metals and bulk commodities prices are stabilizing investments in this area are attractive. Gold has had a good run and we are more cautious at this time.
Top Picks:
Rio Tinto PLC ADR (RIO.N)
Vermilion Energy (VET.TO)
AltaGas (ALA.TO)
Disclosure | Personal | Family | Portfolio/Fund |
---|---|---|---|
RIO.N | Y | Y | Y |
VET.TO | Y | Y | Y |
ALA.TO | Y | Y | Y |
Past Picks: July 28, 2015
Suncor Energy (SU.TO)
- Then: $33.18
- Now: $34.97
- Return: +5.39%
- TR: +8.92%
Labrador Iron Ore (LIF.TO) - Note: remember LIF has a 7% yield which was a big part of the thesis
- Then: $12.90
- Now: $14.47
- Return: +12.17%
- TR: +21.97%
Boralex (BLX.TO) - BLX also got 4% more ROR from the dividend
- Then: $13.68
- Now: $19.65
- Return: +43.64%
- TR: +48.84%
Total Return Average: +26.45%
Disclosure | Personal | Family | Portfolio/Fund |
---|---|---|---|
SU.TO | Y | Y | Y |
LIF.TO | N | N | N |
BLX.TO | N | N | N |
Website: www.avenueinvestment.com