Updating your Aggressive stocks: ShawCor, Nutrien, & SNC-Lavalin

Article Excerpt

SHAWCOR LTD. $20 (www.mattr.com) remains a buy. As part of its re-organization, ShawCor plans to change its legal name to Mattr. As a result, the stock now trades under the “MATR” symbol instead of “SCL.” The re-organization mainly involves selling businesses that serve the oil and gas industry, such as pipeline coating. That would let it focus on its more-profitable plastic tank and industrial products operations. ShawCor is a buy. NUTRIEN LTD. $78 (www.nutrien.com) is a buy. The company owns 50% of Canpotex, the marketing joint venture with U.S.-based Mosaic Co. (New York symbol MOS); it sells Canadian-produced potash fertilizer to customers outside Canada and the U.S. Due to a strike by workers at ports in B.C., Canpotex is diverting some potash shipments to ports on the U.S. west coast. The strike may also prompt Nutrien to build a new terminal on the U.S. Gulf Coast. That would let it export more fertilizer to farmers in Brazil. Nutrien is a buy. SNC-LAVALIN GROUP INC. $36 (www.snclavalin.com) is a hold. The engineering firm is…