Wednesday, April 16, 2014

ShawCor Ltd. My one and only stock pick

As usual I looked at the new 52 week high / low list for clues as to where the money is going – and once again energy stocks dominate the TSX 52 week high list.

ShawCor Ltd (SCL) stands out for several reasons - it is also at an all-time high, it is not well known, it is in the right space (energy infrastructure), the technical picture is bullish with positive money flow and a youthful bull cycle just underway. Even better – I don’t own it so my opinion is free of conflict and self-serving bias.

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