Category Archives: LB.TO

February 2014 Canadian Performance Review

Below is the performance of the nine stocks from the February 14, 2014 Canadian Dividend watch list compared to the Toronto Stock Exchange gain of +9.16%.

Symbol Name 2014 2015 % change
TLM.TO Talisman Energy 11.66 9.52 -18.35%
FCR.TO First Capital Realty 17.33 20.07 15.81%
FTS.TO Fortis Inc. 30.71 39.53 28.72%
CWT-UN.TO Calloway REIT 25.77 30.45 18.16%
CAR-UN.TO Canadian Apartment Properties 21.52 26.98 25.37%
D-UN.TO Dundee REIT 29.31 27.26 -6.99%
BNS.TO The Bank of Nova Scotia 63.29 67.4 6.49%
CUF-UN.TO Cominar REIT 18.45 19.65 6.50%
LB.TO Laurentian Bank of Canada 45.96 50.4 9.66%

The average gain for all of the stocks listed was +9.49%.  The best performing stock was Fortis (FTS.TO) with a gain of +28.72%.  Over the last year has made 4 dividend payments with a dividend increase of +6.25% with the latest payment on February 12, 2015.  The worst performing stock was Talisman Energy (TLM.TO) with a decline of –18.35%.

Analyst estimates for the listed stocks are compared to the actual performance in the chart below.

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Talisman Energy (TLM.TO) was projected to have the worst decline and it did.  However, it could have been much worse as depicted in the chart below.  At one point, Talisman Energy stock price declined as much as –63% before Spanish oil giant Repsol (REP.MC) announced on December 15, 2014 the intention to buy TLM.TO.

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Our commentary on the dire analyst expectations for Talisman Energy was:

“As far as we can tell, TLM.TO is not slated to be worth very much by the end of 2014.  We’ll have to see how this picture plays out.  However, if the stock market can keep its head above water for the next 10 months we wouldn’t be surprised to see TLM.TO to pull off a shocker.”

In the midst of a collapsing oil and stock prices, Talisman did pull off a shocker and just before the end of 2014.