These five Canadian ….

[Xerxes]

https://stocks.apple.com/AmmAxPV68SJGoYzhWcT1tAw
 

why not Fairfax !?  No major banks, no rail majors. 

 

Cameco joins four Canadian firms already on the list, including Alimentation Couche-Tard (ATD.TO), Canadian Natural Resources (CNQ), Constellation Software (CSU.TO), and Telus (T.TO)(TU).

 

———/————

 

Five Canadian companies cracked RBC Capital Markets' list of Top 30 Global Ideas for the fourth quarter of the year.

The list, which RBC updates on a quarterly basis, features long-term names "built around bottom-up best ideas that we also view as offering attractive positioning in the current environment."

 

Cameco (CCO.TO)(CCJ) was the only Canadian company that was newly added to the list this quarter. RBC analyst Andrew Wong says the company "is well-positioned to benefit from a renewed focus on nuclear energy, especially as a Western-based producer in a market shift towards security of supply." Cameco shares are up about 16 per cent year-to-date.

 

"Additionally, we think Cameco has the right mix of assets to meet the coming market needs: proven uranium production with upside, conversion capacity, potential long-term enrichment technology, and nuclear services through Westinghouse," Wong wrote.

Cameco joins four Canadian firms already on the list, including Alimentation Couche-Tard (ATD.TO), Canadian Natural Resources (CNQ), Constellation Software (CSU.TO), and Telus (T.TO)(TU).

 

Couche-Tard has been in the headlines recently over a bid for the Japanese parent company of the 7-Eleven convenience store chain. The proposed combination, which analysts expect will likely face scrutiny from regulators in the United States where the two companies operate many neighbouring stores, would create the largest convenience store player in the U.S.

 

While the potential acquisition was not included in the forecast, RBC analyst Irene Nattel says the company has multiple avenues for growth, despite a challenging macroeconomic backdrop.

Canadian Natural Resources was also on the list, due to what analyst Greg Pardy says was the company's "superior free cash flow generative power," its management committee structure – the company does not have a CEO – and its target of allocating free cash flow for dividends and share repurchases.

 

Software company Constellation Software also made the list, with RBC's Paul Treiber writing that the company "is likely to generate one of the highest returns for shareholders over the long term in our coverage universe." Constellation Software is a serial acquirer of other firms. RBC says Constellation, in its 2023 fiscal year, spent a record $2.46 billion on acquisitions, compared to $1.69 billion in fiscal 2022, and $1.36 billion in fiscal 2021.

 

Telus rounded out the five Canadian firms, remaining on the Top 30 list even amid a challenging time for the broader telecommunications sector. While the stock is down about five per cent year-to-date, RBC analyst Drew McReynolds expects Telus "to deliver industry-leading underlying growth and capital returns."

[John Hjorth]

34 minutes ago, Xerxes said:

... why not Fairfax !?  No major banks, no rail majors.  ...

 

Fairfax : Sentiment, I think. Eventually it will get there, I expect.

 

Major banks : They are all awesome money and dividend machines, if one puts a long lens on, even considered the risks related to them, intensely covered here on the board [Canadian real estate]. I personally think we do not talk enough about them - the banks in the second largest country by area on the planet - here on CoBF.

 

There is always something to do. Thank you.

[UK]

53 minutes ago, Xerxes said:

https://stocks.apple.com/AmmAxPV68SJGoYzhWcT1tAw
 

why not Fairfax !?  No major banks, no rail majors. 

 

Cameco joins four Canadian firms already on the list, including Alimentation Couche-Tard (ATD.TO), Canadian Natural Resources (CNQ), Constellation Software (CSU.TO), and Telus (T.TO)(TU).

 

———/————

 

Five Canadian companies cracked RBC Capital Markets' list of Top 30 Global Ideas for the fourth quarter of the year.

The list, which RBC updates on a quarterly basis, features long-term names "built around bottom-up best ideas that we also view as offering attractive positioning in the current environment."

 

Cameco (CCO.TO)(CCJ) was the only Canadian company that was newly added to the list this quarter. RBC analyst Andrew Wong says the company "is well-positioned to benefit from a renewed focus on nuclear energy, especially as a Western-based producer in a market shift towards security of supply." Cameco shares are up about 16 per cent year-to-date.

 

"Additionally, we think Cameco has the right mix of assets to meet the coming market needs: proven uranium production with upside, conversion capacity, potential long-term enrichment technology, and nuclear services through Westinghouse," Wong wrote.

Cameco joins four Canadian firms already on the list, including Alimentation Couche-Tard (ATD.TO), Canadian Natural Resources (CNQ), Constellation Software (CSU.TO), and Telus (T.TO)(TU).

 

Couche-Tard has been in the headlines recently over a bid for the Japanese parent company of the 7-Eleven convenience store chain. The proposed combination, which analysts expect will likely face scrutiny from regulators in the United States where the two companies operate many neighbouring stores, would create the largest convenience store player in the U.S.

 

While the potential acquisition was not included in the forecast, RBC analyst Irene Nattel says the company has multiple avenues for growth, despite a challenging macroeconomic backdrop.

Canadian Natural Resources was also on the list, due to what analyst Greg Pardy says was the company's "superior free cash flow generative power," its management committee structure – the company does not have a CEO – and its target of allocating free cash flow for dividends and share repurchases.

 

Software company Constellation Software also made the list, with RBC's Paul Treiber writing that the company "is likely to generate one of the highest returns for shareholders over the long term in our coverage universe." Constellation Software is a serial acquirer of other firms. RBC says Constellation, in its 2023 fiscal year, spent a record $2.46 billion on acquisitions, compared to $1.69 billion in fiscal 2022, and $1.36 billion in fiscal 2021.

 

Telus rounded out the five Canadian firms, remaining on the Top 30 list even amid a challenging time for the broader telecommunications sector. While the stock is down about five per cent year-to-date, RBC analyst Drew McReynolds expects Telus "to deliver industry-leading underlying growth and capital returns."

 

Low trading volume, no business. When I was an analyst once (very briefly), this was the first thing explained to me, when considering what to cover:)

[Xerxes]

Couldn’t find a Trans-Canada thread, I ll drop this here for now. 
 

TC Energy spin off of its crude oil pipeline into a new corporate entity called South Bow. Saddle with debt but sports a high dividend yield at current market price with a clear vision of reducing leverage before growing the dividend. 
 

[bizaro86]

16 minutes ago, Xerxes said:

Couldn’t find a Trans-Canada thread, I ll drop this here for now. 
 

TC Energy spin off of its crude oil pipeline into a new corporate entity called South Bow. Saddle with debt but sports a high dividend yield at current market price with a clear vision of reducing leverage before growing the dividend. 
 

 

I bought some after the spin. I think the dividend is too high and would prefer they lower it for some debt reduction. But there are 3 pipelines with scale out of western Canada, and they own 1. My macro forecast is that (1) there will never be another one built and (2) oil sands production will keep growing even if slowly, and will not decline for decades. 

 

(1) and (2) imply strong demand for a finite resource (egress capacity). TMX coming online was a downside for these assets, but its not going to get repeated and the industry is growing into the new capacity. 

[Xerxes]

1 hour ago, bizaro86 said:

 

I bought some after the spin. I think the dividend is too high and would prefer they lower it for some debt reduction. But there are 3 pipelines with scale out of western Canada, and they own 1. My macro forecast is that (1) there will never be another one built and (2) oil sands production will keep growing even if slowly, and will not decline for decades. 

 

(1) and (2) imply strong demand for a finite resource (egress capacity). TMX coming online was a downside for these assets, but its not going to get repeated and the industry is growing into the new capacity. 

thanks Bizaro

 

Did you have TC Energy previously … and kept it post-spin. Or you were just interested in the oil pipeline assets. 

[bizaro86]

44 minutes ago, Xerxes said:

thanks Bizaro

 

Did you have TC Energy previously … and kept it post-spin. Or you were just interested in the oil pipeline assets. 

 

I didn't own TC pre-spin. I don't like the long-haul gas assets at all. I think it's possible they end up stranded as gas goes to the west coast and low prices suppress production.

[bizaro86]

Anyone have the full list of 30 or know where I can see it? I have an rbc brokerage account as well

[intothebreach]

Here you go:

https://wiseequities.com/pdffiles/rbc_stockpicks_quarterly/Top 30 Global Ideas for 2024 - Fourth Quarter Update - Oct 2024.pdf

[bizaro86]

4 hours ago, intothebreach said:

Here you go:

https://wiseequities.com/pdffiles/rbc_stockpicks_quarterly/Top 30 Global Ideas for 2024 - Fourth Quarter Update - Oct 2024.pdf

Thanks!

[DooDiligence]

On 10/4/2024 at 10:41 AM, John Hjorth said:

 

Fairfax : Sentiment, I think. Eventually it will get there, I expect.

 

Major banks : They are all awesome money and dividend machines, if one puts a long lens on, even considered the risks related to them, intensely covered here on the board [Canadian real estate]. I personally think we do not talk enough about them - the banks in the second largest country by area on the planet - here on CoBF.

 

There is always something to do. Thank you.

 

https://www.cnn.com/2024/10/10/investing/td-bank-settlement-money-laundering/index.html