Top Pick DetailsSecond stock in the clip; he and his family also own it personally. GLTA
https://www.bnnbloomberg.ca/video/shows/market-call/2024/07/29/ryan-bushells-top-picks-pembina-pipeline-arc-resources-and-k-bro-linen/
Arc Resources (ARX TSX)
Commodity prices have been weak recently which has caused Arc Resources to retreat more than 10 per cent from the highs earlier this year. We believe investors are not properly discounting the growth in contracted volumes Arc will bring on over the next few years, or the improvement in commodity prices that is likely once export capacity comes online. In the meantime, we collect a three per cent dividend yield with a massive share buyback in a company that makes an excellent acquisition target given the depth of their inventory position in Western Canada.
TOP PICK
Arc Resources Ltd(ARX-T)
29/07/2024
It is levered to both oil and gas and he thinks the floor comes up for gas. It can grow production with the existing infrastructure so there is no need to make acquisitions, and in fact it could be an acquisition target. There are good opportunities in Western Canada and Western Canada is overdue for something to happen. It is buying back shares and pays a 3% dividend. Buy 15 Hold 1 Sell 0
(Analysts’ price target is $30.77)
Oil / Gas
Ryan Bushell
$23.200
Owned