Sector Expert: Spencer Churchill

Paradigm Capital

Image: Spencer Churchill

Spencer Churchill, special situations analyst with Paradigm Capital, has been working in the investment industry for 15 years. Prior to joining Paradigm, Churchill worked as a sellside research analyst at CIBC and Clarus Securities, with coverage areas including agriculture, clean technology, special situations, software and wireless technology. Churchill also spent two years working as an associate portfolio manager at a hedge fund in Toronto.



Recent Interviews

World's Increasing Appetite Points to Upside for Ag Input Companies: Paradigm's Spencer Churchill (7/28/15)
Canola field

A rising middle class in Asia and elsewhere means an increasing demand for food. Paradigm Capital Analyst Spencer Churchill uses the stock-to-use ratio to predict grain prices, and that methodology leads him to predict price support/appreciation for a handful of major crops in 2015–2016. In this interview with The Energy Report, Churchill examines agricultural trends and discusses companies that can benefit from the world's increasing appetite, including one company with a streaming model unique in the ag sector.

8 Billion Reasons to Invest in Potash: Paradigm's Spencer Churchill (12/23/14)
Potash

Potash producers have 8 billion reasons why demand for the minerals that increase food production will grow in the coming decades. Plus, a sinkhole emerging under a Russian mine is raising questions about the ability to produce enough fertilizer to feed what is projected to be an even larger and more demanding global population. The right companies could reap the benefits of exposure to the agricultural market. In this interview with The Mining Report, Paradigm Capital Analyst Spencer Churchill shares some of his favorites and talks about a unique streaming model that benefits from immediate upside.

Recent Quotes

"INP remains a top pick."

— Spencer Churchill, Paradigm Capital (8/20/15)
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"INP's streaming business, using canola as the underlying crop initially, is off to a great start."

The Energy Report Interview with Spencer Churchill (7/28/15)
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"We view INP's Q1 FY16 deployments as robust; we reiterate our Buy."

— Spencer Churchill, Paradigm Capital (7/9/15)
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"INP is a must-own stock."

— Spencer Churchill, Paradigm Capital (2/9/15)
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"INP's fiscal year-to-date capital deployment is now up 119%."

— Spencer Churchill, Paradigm Capital (1/7/15)
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"INP can grow the business 25–35% a year without having to raise new capital."

The Mining Report Interview with Spencer Churchill (12/23/14)
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"Cartesian's investment speaks to the strategic value of ICP's project."

The Mining Report Interview with Spencer Churchill (12/23/14)
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"INP is all cashed up with $64M in fire power to grow the business."

— Spencer Churchill, Paradigm Capital (12/2/14)
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