Earnings
November 23, 2017 - BNE
New! Bonterra Energy Ltd. Q3-2017 Earnings & Price Target Update .....
November 22, 2017 - DR
New! Medical Facilities Corp. Q3-2017 & Price Target Update .....
November 20, 2017 - HLP.U
New! Mainstreet Health Investments Inc. Q3-2017 Earnings & Price Target Update .....
November 18, 2017 - ARX
Arc Resources - Q3-2017 Earnings & Price Target Update .....
November 16, 2017 - PEY
Peyto Exploration & Development Corp. Q3-2017 and Price Target Update .....
November 16, 2017 - HR.UN
H&R REIT - Q3-2017 Earnings & Price Target Update .....
November 15, 2017 - REI.UN
Riocan REIT - Q3-2017 Earnings & Price Target Update .....
November 14, 2017 - CRR.UN
Crombie REIT - Q3-2017 Earnings & Price Target Update .....
Recommendation Changes
BNE, HLP.U, PEY, HR.UN, REI.UN, more...

Fed In Transition - Earnings: NFI, EIF, CHP, BTE, BNE, EOG

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This coming Thursday's US Consumer Price Index report will arrive just as leadership at the central bank is in transition. This would normally provide an opportunity for a statement from members of the central bank monetary policy committee. If the CPI numbers surprise either way however, the central bank may not be in a position to comment since the incoming chairperson has not been confirmed. Comments this week consider how this could increase market volatility.

Earnings updates include New Flyer Industries Inc. (NFI), Exchange Income Corp. (EIF), Choice Properties REIT(CHP.UN), Baytex Energy Corp. (BTE), Bonavista Energy Corp.(BNE) and revenue and cost data for EOG Resources Inc. EOG Resources (EOG-NYSE), one of the largest shale oil producers in North America so serves as a benchmark for comparison to Canadian and Saudi producers.

Following the Global Financial Crisis New Flyer's strategy was to buy out weakened competitors becoming the largest transit and intercity bus manufacturer in North America. The large fleet of busses already in service is the basis for their parts and service segment that contributes 16% of revenues. They operate mainly in the US where 90% of revenues are earned. Financial statements are issued in US dollars, dividends are paid in Canadian dollars. Having achieved a dominant market position, they are now responding to new carbon emission requirements by developing electric propulsion systems and refining existing diesel and gas motors. This has increased capital costs to date in 2017, with similar spending planned for 2018. In the short term this has reduced AFFO per share and is expected to limit the upside for share prices from what has been experienced since the Global Financial Crisis, longer term they are expected to remain the dominant North American manufacturer with potential to grow internationally.

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New Issues & Acquisition
November 17, 2017
New! Coverage Universe - Weekly Price Changes Nov 10-17, 2017
November 10, 2017
Coverage Universe- Weekly Price Changes- Nov 3-10, 2017
November 3, 2017
Coverage Universe- Weekliy Price Changes- Oct 27 0- Nov 3, 2017
October 27, 2017
Coverage Universe- Weekly Price Changes- Oct 20-27, 2017
October 26, 2017
Osisko Gold Royalties Ltd. - New Convertible Debenture
October 26, 2017
Surge Energy Inc.- New Convertible Debenture
October 20, 2017
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