News

Issue 7 – Amazon & GM!!! Electric Pickup?

According to Reuters news, Amazon & GM are in talks to invest in electric pickup truck maker Rivian Automotive LLC. If the big boys move forward with this investment, it will give them a minority stake in the company. However, the big winner will be Rivian as it brings credibility to the company as well […]

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Issue 6 – The StorageVault Empire Just Got Bigger

On February 6, 2019, StorageVault Canada Inc. (TSX: SVI) announced that they were acquiring Real Storage (Real), which has 38 self-storage facilities with approximately 1.6M sq. ft. of total rental space. Most of Real’s assets are located in Ontario, including a premier facility in the GTA. I also believe there are significant synergies and operating […]

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Issue 5 – Stop Loss on SNC-Lavalin Group Inc.

On January 28, 2019, SNC-Lavalin Group Inc (TSX:SNC) dropped another bomb on investors. A few years ago, SNC was being investigated for corruption and also had a failed IPO for Highway 407. This kept the valuation on SNC attractive, and the company made some strategic acquisitions that diversified their business. My investment thesis was based […]

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Issue 4 – Get Out of The Cold with Superior Plus

On January 22, 2019 Superior Plus (TSX: SPB) announced that they are guiding towards the high end on EBITDA and Operating Cash Flow. SPB confidence is being driven by stronger than expected performance from its energy distribution business, especially the US propane distribution. Continue Reading in PDF   Click to Read Macro View by Hubert […]

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Issue 2 – Investing in Senior Living

We often hear about real estate investments such as single-family homes, apartment complexes, and industrial, retail and commercial buildings. What we don’t hear as much about are retirement homes and long-term care facilities. Yet, with our aging population, they are a vital part of the real estate market. Continue Reading in PDF   Click to […]

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Issue 52 – Happy New Year

Dear Clients, Over the years we have had our fair share of successes and have also encountered some obstacles along the way that made us stronger. However, I have never lost sight of our goal. We thrive to make sure we are providing the best service and long-term performance to our clients. No matter how […]

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Issue 51 – Happy Holidays & Thank You

Dear Clients, Over the years we have had our fair share of successes and have also encountered some obstacles along the way that made us stronger. However, I have never lost sight of our goal. We thrive to make sure we are providing the best service and long-term performance to our clients. No matter how […]

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Issue 50 – Canadian Wide Oil Differentials Have Disappeared

On December 2, 2018 the Alberta Premier, Rachel Notley, announced that they will be imposing cuts to oil production. The proposed cuts will take effect sometime in January 2019 and would equate to approximately 300,000 barrels per day. Canadian oil prices immediately reacted to the news positively. As of December 12, 2018, differentials are back […]

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Issue 49 – ATCO eats Horizon’s Lunch

On December 03, 2018, ATCO (TSX:ACO/X) announced that they were awarded a modular supply contract for LNG Canada, the contract is for 4,500 beds. I was hopeful that Horizon North Logistics (TSX:HNL) would win at least half. Unfortunately, and to my surprise, it all went to ATCO. Continue Reading in PDF   Click to Read […]

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Issue 48 – The Good and the Bad of 2018

I won’t lie, this has been a very frustrating year for the funds. In many cases, stock prices have not followed fundamentals or the macro theme. With that said, I’m confident that our portfolio companies will create shareholder value in the coming months and years. Continue Reading in PDF   Click to Read Macro View […]

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Issue 46 – Oil vs Natural Gas

Oil prices have fallen like a rock for 12 straight days. This is a new record, and never seen before price action. The headlines are having a serious impact on prices, from president Trump tweeting “oil prices should be much lower based on supply” and OPEC increasing production by 1.5MM Bbl/day to replace lost oil […]

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