Recommendation Interpretation
Buy Good fundamentals and quantifiable business opportunity , all packaged at a reasonable valuation with good upside.
Speculative Buy An identifiable business advantage evident at a valuation justifying buying at current prices. Certain non-financial or financial performance, however, may be either lacking or still developing, creating relatively increased volatility or risk. Buy at current prices but oriented to more speculative investors.
Hold Company performance is at a cross roads in terms of fundamentals or business operations with an identifiable degree of risk and reward in place. Certain future non-financial or financial performance could create attractive longer term opportunity for investors. Near term risk exists and stock ownership should be dependent on tolerance of risk.
Reduce Poor fundamentals or questionable business opportunity and trading at an unwarranted valuation.
Under Review Under review for various reasons that will be explained.
Tender Analyst recommends investors tender shares to the current offer based on the information provided in the offering document.

Research Contact Information

Research Team

Brian D. Pow, MBA - Vice President, Research (403) 571-0303 Email
Trevor Reynolds - Equity Research Analyst (403) 410-6842 Email
Nick Corcoran - Equity Research Analyst (403) 410-6840 Email
Jim Byrne - Equity Research Analyst (403) 571-0530 Email
Daniel Toft - Research Associate (403) 571-0319 Email