Bill Harris, Partner & Portfolio Manager, Avenue Investment Management

FOCUS: Resource & Infrastructure Stocks

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MARKET OUTLOOK:

We have the most clarity on the oil market where supply and demand should come back into balance later this year.  We remain invested in high quality large cap names like Suncor and Canadian Natural Resources.  Our outlook for base metals and bulk commodities is less clear given a very incomplete picture coming out of China.  We have brought down our gold weighting due to valuation but we will add to it if there is a pull back.

Top Picks:

TransCanada (TRP.TO)

Vermilion Energy (VET.TO)

Osisko Gold Royalty (OR.TO)

Disclosure Personal Family Porfolio/Fund
 TRP  Y  Y  Y
 VET  Y  Y  Y
 OR  Y   Y    Y 


Past Picks:  July 28, 2015

Suncor (SU.TO)

  • Then: $33.18
  • Now: $34.69
  • Return: +4.55%
  • TR: +5.82%

Labrador Iron Ore (LIF.TO)

  • Then: $12.90
  • Now: $12.40
  • Return: -3.88%
  • TR: +2.38%

Boralex (BLX.TO)

  • Then: $13.68
  • Now: $16.74
  • Return: +22.37%
  • TR: +25.83%

Total Return Average: +11.34%

 

Disclosure Personal Family Porfolio/Fund
 SU Y  Y  Y 
 LIF N N N
 BUX N N  N 

Website: www.avenueinvestment.com