Skip to main content

{"Id":761493,"Name":"Small cap picks","Desc":"It's been a tough year for small-cap investors. Brian Pow, Vice President of Research and Equity Analyst, Acumen Capital, says there's been a \"general discontent\" for small cap stocks but he's finding new opportunities. We discuss new names added to his coverage list: PFB Corporation and Global Water Resources Corp. Pow also tells us that Alaris Royalty should provide investors with some optimism in 2016.","ShortDesc":"It's been a tough year for small-cap investors. Brian Pow, Vice President of Research and Equity Analyst, Acumen Capital, says there's...","Type":"segment","Episode":null,"AgvotCode":"E","AgvotDisclaimer":null,"QfrCode":"G","AiringOrder":null,"BroadcastDate":"2015-12-02","BroadcastTime":"10:45:37","BroadcastDateTime":"2015-12-02T10:45:37-05:00","LastModifiedDateTime":"2015-12-02T16:39:24Z","GameId":null,"Album":null,"Genres":[{"Id":40,"Name":"Investing"}],"Keywords":[{"Id":65981,"Name":"brian pow","Count":6},{"Id":66056,"Name":"small cap stocks","Count":9},{"Id":65373,"Name":"Alaris Royalty","Count":25},{"Id":104560,"Name":"PFB Corporation","Count":1},{"Id":104561,"Name":"Global Water Resources","Count":1},{"Id":104562,"Name":"small cap s","Count":1},{"Id":99996,"Name":"GWR.TO","Count":2},{"Id":88736,"Name":"AD.TO","Count":23},{"Id":104563,"Name":"PFB.TO","Count":1}],"Tags":[],"Images":[{"Type":"thumbnail","Url":"http://images.9c9media.com/image_asset/2015_12_2_1c2461c0-7b41-0133-ce3d-10604ba4c9b1_jpg_940x529.jpg","Width":940,"Height":529}],"Authentication":{"Required":false,"Resources":null},"RatingWarnings":[],"People":[],"Funding":null,"MusicLabels":[],"BroadcastNetworks":[]}

BNN Video

Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.

Painted Pony Petroleum Ltd. (PPY-T) says it's buying UGR Blair Creek Ltd., a privately held subsidiary of Unconventional Resources Canada, LP, a portfolio investment held in private equity funds advised by ARC Financial Corp. and EnCap Investments, L.P.

UGR operates high working interest Montney assets with established production, infrastructure and land holdings jointly with and adjacent to Painted Pony's assets in northeast B.C. the company said.

Story continues below advertisement

The all-share deal is valued at $229.6 million. It includes 41 million common shares of Painted Pony issued to URC at a price of $5.60.

Painted Pony said it will also raise $100.9-million in bought-deal financing. A syndicate of underwriters led by Cormark Securities Inc. and TD Securities Inc. are buying 18 million shares at $5.60 each.

"A portion of the proceeds will be used to fund drilling on the acquired assets and on existing Painted Pony lands," the company said. "The balance of the proceeds will be used to reduce bank indebtedness and general corporate purposes."

**

Premium Brands Holdings Corp. (PBH-T) reported record fourth-quarter revenue of $532.6-million, a 33-per-cent increase as compared to the fourth quarter of 2015.

It also reported record fourth-quarter earnings of $20-million or 67 cents per share, up from $8.6-million or 34 cents a year earlier.

Analysts were expecting earnings of 67 cents and revenue of $509.3-million.

Story continues below advertisement

The company raised its dividend rate by 10.5 per cent and declared a quarterly dividend of 42 cents per share.

**

Transat A.T. Inc. (TRZ-T) reported first-quarter revenues of $689.3-million, compared with $725.7-million a year earlier.

Its net loss attributable to shareholders was $32.1 million or 87 cents per share compared with $61.2-million or $1.43 per share a year earlier

Its adjusted net loss was $36-million or 98 cents per share for the first quarter,  compared with $30.4-million or 82 cents a year earlier.

**

Story continues below advertisement

WPT Industrial Real Estate Investment Trust (WIR.U-T) reported fourth-quarter investment properties revenue of $18.7-million (U.S.) compared to $15.8 million a year earlier.

Net income was $1.6 million or 3.8 cents per trust unit compared to a loss of $2.6-million of 7.6 cents per unit a year earlier.

**

Pacific Exploration & Production Corp. (PEN-T) reported fourth-quarter revenue of $270-million (U.S.), compared to $652-million for the same period in 2015.

Net Income was $4-million versus a loss of $3.9-million a year earlier.

The company said it recorded net impairment charges of $477-million for 2016, which included impairment losses of $1.1-billion during the first three quarters and a reversal of impairment of $637-million in the fourth quarter of the year.

**

Surge Energy Inc. (SGY-T) reported total sales of $50.2-million in the fourth quarter compared to $41-million a year earlier.

Adjusted funds from operations were $21.5-million or 10 cents per share, up from $15.3-million or 7 cents a year earlier.

**

Altius Minerals Corp. (ALS-T) reported revenue of $14.5-million or 34 cents per share in the three months ended Jan. 31. That compared to $7.3-million or 18 cents a year earlier.

"The increased quarterly and year to date revenue is as a result of higher realized prices for copper, zinc and metallurgical coal, the first full quarter of revenue from the Chapada copper stream, improved potash royalty production volumes and mine sequencing based volume increases from its thermal coal royalties,' the company said. 

"These revenue increases were partially offset by lower realized potash prices and a nil payment related to the Voisey's Bay royalty."

The net loss for the third quarter was $67.3-million or $1.55 per share, compared to a net loss of $16.8-million or 42 cents per share a year ago.

Adjusted EBITDA was $11.3-million versus $6.3-million a year ago.

**

Yangarra Resources Ltd. (YGR-T) reported a net loss of $300,000 or nil per share, in the fourth quarter, compared to a loss of $470,783 or a penny per share a year earlier.

Sales were $11.1-million compared to $5.9-million a year earlier.

**

Oryx Petroleum Corp. Ltd (ORX-T) reported fourth-quarter revenue of $7.8-million (US.) up from $1.5-million a year earlier.

Its net loss was $26.2-million or 10 cents versus a loss of $91.5-million of 7.5 cents a year earlier.

**

Osisko Mining Inc. (OSK-T) is buying additional property in the Lebel-sur-Quévillon area of Québec for $1-million and the issuance of 100,000 shares of the corporation

The purchase will add 1,205 claims to the recently announced acquisition through staking in the same area and give the company a total of 4,150 claims covering a 216,000 hectare land package.

**

Electrovaya Inc. (EFL-T) says it plans to raise $25-million in a non-brokered private placement of convertible unsecured subordinated debentures.

The net proceeds will be used for working capital to fulfill purchase orders, and for general corporate purposes, the company said.

**

Melcor Developments Ltd. (MRD-T) said its president and CEO Brian Baker has resigned, effective April 15.

Darin Rayburn, the company's current executive vice president, will replace him.

Mr. Baker will assist with the transition as senior advisor until June 30, the company said.

**

Spartan Energy Corp. (SPE-T) reported a loss of $3.2-million or a penny per share in the fourth quarter, compared to a loss of $26.1-million or 6 cents a year earlier.

Adjusted funds flow from operations came in at $33-million or 8 cents per share compared to $16.2-million or 6 cents a year earlier.

**

Knight Therapeutics Inc. (GUD-T) reported fourth-quarter revenues of $1.8-million, compared to $343,000 a year earlier.

Analysts were expecting revenue of $1.3-million.

Net income was $8-million up from $5.6-million a year earlier.

**

New Look Vision Group Inc. (BCI-T) reported record revenues of $54.5-million for the fourth quarter, up 22 per cent from $44.6-million a year earlier, driven by new stores.

Net earnings attributable to shareholders were $3.2-million or 23 cents per share compared to $3.8-million or 27 cents a year earlier.

Adjusted earnings were 31 cents compared to 32 cents a year earlier.

Analysts were looking for revenue of $49.8-million and earnings of 32 cents.

Report an error
About the Author
Contributor

Brenda Bouw is a freelance writer and editor based in Vancouver. She has more than 20 years of experience as a business reporter, including at The Globe and Mail, The Canadian Press, the Financial Post and was executive producer at BNN (formerly ROBTv). Brenda was also part of the Globe and Mail reporting team that won the 2010 National Newspaper Award for business journalism. More

Comments

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨

Combined Shape Created with Sketch.

Combined Shape Created with Sketch.

Thank you!

You are now subscribed to the newsletter at

You can unsubscribe from this newsletter or Globe promotions at any time by clicking the link at the bottom of the newsletter, or by emailing us at privacy@globeandmail.com.