BNN Market Call – Market Outlook & Top Stock Picks

BNN Market Call – Market Outlook & Top Stock Picks

Michael Sprung's Market Outlook BNN Market Call

Michael Sprung’s Market Outlook on BNN Market Call

Barrick Gold (ABX TSX) Last purchase November 2012, $37.60
Barrick is the world’s largest gold producer. Its new project will propel production beyond 8 million ounces per year in the next few years. Management is focused on capital discipline. The recent pullback provides a good entry point.

CIBC (CM TSX) Last purchase December 2011 $71.10
Industry-high profitability and capital combined with increased potential to leverage retail and business products, as well as increase dividends. An attractive buy.

Cenovus Energy (CVE TSX) Last purchase August 2012, $33.40
Industry-leading operations at Foster Creek and Christina Lake SAGD projects with significant long-term production growth profile. CVE is well priced especially if crude differentials narrow through improved market access.

See Michael’s market outlook on BNN Market Call
Michael Sprung

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