Nouvelles

Issue 25- Capital Power Keeping It Clean

Capital Power Corp (TSX: CPX) is a North American power producer that owns 6,300 megawatts (MW) of capacity, including announced acquisitions and projects under construction. They develop, own, and operate power generation facilities using many energy sources such as gas, coal, solar, and wind. They also own a highly contracted portfolio of assets with an […]

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Issue 24 – Superior Plus Shifting Its Focus

On June 6th 2019, Superior Plus Corp (TSX:SPB) announced that they are looking to sell their specialty chemicals division. The chemical division manufactures sodium chlorate, caustic soda, and a few other chemicals. If the transaction gets completed, it would have a significant positive impact on SPB’s balance sheet. Disclaimer: Palos Funds are shareholders of SPB. […]

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Issue 22 – A Premium Holding

On Wednesday May 29, we had the chance to sit down with George Paleologou, the CEO of Premium Brands Holdings Corp (TSX: PBH). PBH is a food processing company that is renowned for its sandwich, meat, protein and seafood products. As the name implies, they pride themselves on having a collection of premium brands, with […]

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Issue 21 – The Handcuffs are Off

On May 17, 2019, the Canadian and US governments announced their decision to eliminate steel and aluminum tariffs. A company that I believe will significantly benefit from this phenomenon is Stelco (TSX: STLC). The elimination of tariffs should increase the company’s annual EBITDA by approximately $60 million.  When the tariffs were initially introduced on May 31, […]

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Issue 20 – Keyera Is Looking Forward

On May 15, 2019 Keyera Corp (TSX:KEY) announced it’s Q1 2019 results. The results by themselves were not spectacular because of their marketing business. The company encountered an unplanned 17-day outage at Alberta EnviroFuels, which resulted in lower ISO-octane contribution. Disclaimer: Palos Funds are shareholders of KEY. Continue Reading in PDF By Charles Marleau, CIM […]

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Issue 19 – The Strong gets Stronger

The portfolio is invested in what we believe to be the strongest Canadian E&P in the TSX. Our approach for the past few years has been sticking to companies with strong management teams, strong balance sheets, low decline rates, and with controlled production growth. I continue to stay away from the highly levered, high oil […]

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Issue 17 – Horizon North Should Not be Ignored

Horizon North Logistics Inc (TSX:HNL) is no longer a one trick pony. Its industrial service business provides many services in camps and accommodation. However, their business is no longer at the mercy of oil sands development. The industrial services business has diversified into non-energy, liquid rich plays, and Westcoast LNG. HNL is now the largest […]

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Issue 16 – Lundin Defies the Skeptics

Lundin Mining Corp (TSX: LUN) has been on the prowl for acquisitions for a few years now. If you recall, LUN tried to acquire Nevsun Resources Ltd. in July 2018. However, a competitive offer came from Zijin mining of China. Analysts and investors became very skeptic about LUN executing on any acquisition. I always appreciated […]

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Issue 15 – NFI Group Strong Fundamentals

NFI Group (TSX: NFI) is North America’s leading bus manufacturer with facilities across Canada and the U.S. The company pays a dividend yield of 5%, has a free cash flow yield of 12%, has 2.5 years of revenue in backlog, and has a strong balance sheet. Despite all of this, the company is down 37.5% […]

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Issue 14 – Zinc Is Running Dry

Zinc storage at the London Metal Exchange (LME) warehouse reached 12-year low in March 2019. The storage is at approximately 59,000 tones – which is only two days of global consumption. The price of zinc is up 22% since the beginning of the year. I’m of the opinion that the prices could move to last […]

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Issue 13 – Savaria is Digesting

Savaria Corporation (TSX: SIS) is a company that designs, manufactures, and distributes equipment that helps with the mobility of people with special needs. The company makes vertical lifts, inclined lifts, stairlifts, and many other products that help with mobility. I believe that SIS is well positioned to help the growing aging population with mobility. SIS […]

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Issue 11 – K-Bro Is Executing on the Plan

K-Bro Linen Inc. (TSX: KBL) owns and operates laundry and linen processing facilities in Canada. On March 14th , 2019, KBL announced its 2018 fourth quarter results. The company’s 4Q revenue came in at $59.4 million. They benefited from their strategic acquisition in late 2018 and from organic growth. However, as expected, margins continued to […]

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Issue 25- Capital Power Keeping It Clean

Capital Power Corp (TSX: CPX) is a North American power producer that owns 6,300 megawatts (MW) of capacity, including announced acquisitions and projects under construction. They develop, own, and operate power generation facilities using many energy sources such as gas, coal, solar, and wind. They also own a highly contracted portfolio of assets with an […]