National Post Buy
Manager: Garey Aitken, Bissett Investment Management
Fund: Bissett Energy Corporate Class
Description: All-cap fund focused on Canadian energy stocks
AUM: $50-million
Performance: 1-year +7.0%, 3-year +36.2% (as of Dec. 31, 2011)
MER: 2.55%
BUYS
TWIN BUTTE ENERGY LTD. (TBE/TSX)
The position: Top 10 holding
Why do you like it? Aitken owns both Twin Butte and Emerge Oil & Gas Inc., which announced plans to merge in November.
As the market better understands this transaction once it is completed early in 2012, and when the company begins paying its recently announced 18¢ per share annual dividend, Aitken expects to see a material revaluation for the stock.
“We think that dividend is sustainable and will still allow for consistent growth,” he says.
Biggest risk: Executing the integration of Emerge Oil & Gas.