Sherritt International Corp. | StockChase
702
Sherritt International Corp. (S-T)

Last Price Recorded: $1.3100 on 2018-01-18

ON STOCKCHASE SINCE Nov 2000

60% coal, 30% Cuba in oils and nickel mines.

integrated mines
702
Sherritt International Corp. (S-T)

Last Price Recorded: $1.3100 on 2018-01-18

ON STOCKCHASE SINCE Nov 2000

60% coal, 30% Cuba in oils and nickel mines.

integrated mines

Sherritt International Corp.


Signal Opinion Expert
COMMENT

Recently did a debt issuance, a little odd in that it was diluted and didn't reduce the debt much. If people know there is an issue coming, it tends not to do well. He likes that this company has world beating, historic competence in high-end nickel technology. Has a sense that the high-end they are capable of is something that can actually reduce the cobalt content in a battery. Trading at $1.30. With a very, very big portion of their debt solved, they have been taken down from 30% to 12% of Ambatovy. They’re still strong in Cuba. Also has nickel and cobalt in both places.

integrated mines

Recently did a debt issuance, a little odd in that it was diluted and didn't reduce the debt much. If people know there is an issue coming, it tends not to do well. He likes that this company has world beating, historic competence in high-end nickel technology. Has a sense that the high-end they are capable of is something that can actually reduce the cobalt content in a battery. Trading at $1.30. With a very, very big portion of their debt solved, they have been taken down from 30% to 12% of Ambatovy. They’re still strong in Cuba. Also has nickel and cobalt in both places.

integrated mines
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$1.310
Owned Owned
Unknown

COMMENT

Over the course of 2 years, this had a double bottom, which is a good sign. Chart shows a big rounding bottom, which signifies accumulation. The 1st place you would see resistance would be at around $2. There is a significant Moving Average at around $1.78. It may pause here to digest what has happened. The stock could still come back to around $1.50, and still have that positive trend. He would certainly Buy this pretty close to these levels. $1.65 would be the 1st place, but it can go all the way down to $1.45-$1.43 and still be in an upside again. About $2, it is probably going to move quite strongly.

integrated mines

Over the course of 2 years, this had a double bottom, which is a good sign. Chart shows a big rounding bottom, which signifies accumulation. The 1st place you would see resistance would be at around $2. There is a significant Moving Average at around $1.78. It may pause here to digest what has happened. The stock could still come back to around $1.50, and still have that positive trend. He would certainly Buy this pretty close to these levels. $1.65 would be the 1st place, but it can go all the way down to $1.45-$1.43 and still be in an upside again. About $2, it is probably going to move quite strongly.

integrated mines
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$1.780
Owned Owned
Unknown

COMMENT

A fantastic looking stock. The last upward trend is really positive. If it can get above the high of around $1.70 it reached in early 2017, it is not going to have much resistance. If it could get above the $1.80 point, it could easily be a double.

integrated mines

A fantastic looking stock. The last upward trend is really positive. If it can get above the high of around $1.70 it reached in early 2017, it is not going to have much resistance. If it could get above the $1.80 point, it could easily be a double.

integrated mines
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$1.480
Owned Owned
No

TOP PICK

He bought it last month.  They are capable of extremely high purity in nickel, which is very much in demand for batteries.  (Analysts’ target: $1.60).

integrated mines

He bought it last month.  They are capable of extremely high purity in nickel, which is very much in demand for batteries.  (Analysts’ target: $1.60).

integrated mines
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$1.390
Owned Owned
Yes

COMMENT

A big international mining company.  You have to assume electric cars going forward are all they are hyped up to be.  You also have to assume S-T is going to be a major beneficiary.  There has been and continues to be stronger demand for base metals that they dig out of the ground all over the world, which provides diversification and they could also be subject to political risk.

integrated mines

A big international mining company.  You have to assume electric cars going forward are all they are hyped up to be.  You also have to assume S-T is going to be a major beneficiary.  There has been and continues to be stronger demand for base metals that they dig out of the ground all over the world, which provides diversification and they could also be subject to political risk.

integrated mines
Brendan Caldwell

President, Caldwell Securities...

PricePrice
$1.470
Owned Owned
Unknown

COMMENT

Used to own many years ago. It’s doing better lately, because of nickel prices. In battery technology, there is some nickel and cobalt. They also have an oil/gas side in Cuba. Prospects are better. To really super prosper and be back to a $3 stock again, you probably need $7 nickel, and we are quite some ways from that. The trend is in the right direction. The bonds got down to $.60 on the dollar, yielding 20%. They are now back to about $.78 and yields are still 12%-13%. It is now positive.

integrated mines

Used to own many years ago. It’s doing better lately, because of nickel prices. In battery technology, there is some nickel and cobalt. They also have an oil/gas side in Cuba. Prospects are better. To really super prosper and be back to a $3 stock again, you probably need $7 nickel, and we are quite some ways from that. The trend is in the right direction. The bonds got down to $.60 on the dollar, yielding 20%. They are now back to about $.78 and yields are still 12%-13%. It is now positive.

integrated mines
Bruce Campbell (1)

President, Campbell and Lee Inv...

PricePrice
$1.460
Owned Owned
No

WATCH

Golden Cross?  It implies a break through a shorter moving average by a longer moving average.  It is in a sideways pattern and you will get a lot of these.  It does not mean it is a good thing because it has done it a few times.  He would want to see it break $1.50. 

integrated mines

Golden Cross?  It implies a break through a shorter moving average by a longer moving average.  It is in a sideways pattern and you will get a lot of these.  It does not mean it is a good thing because it has done it a few times.  He would want to see it break $1.50. 

integrated mines
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$1.280
Owned Owned
Unknown

HOLD

He is not familiar with the seasonality of this, but logic would suggest that since it is involved in the base metal sector, it should normally be doing well near the end of the year. Technically, the stock has completed a nice little base, and has just broken above the base, which is quite encouraging. It fits in with something else. The price of nickel, a major part of this company’s production, has recently broken on the upside, and looks like it wants to move higher with other base metals.

integrated mines

He is not familiar with the seasonality of this, but logic would suggest that since it is involved in the base metal sector, it should normally be doing well near the end of the year. Technically, the stock has completed a nice little base, and has just broken above the base, which is quite encouraging. It fits in with something else. The price of nickel, a major part of this company’s production, has recently broken on the upside, and looks like it wants to move higher with other base metals.

integrated mines
Don Vialoux

Research Analyst, TimingTheMarket.CA &...

PricePrice
$1.130
Owned Owned
Unknown

COMMENT

This has always been a very difficult one. It is a Cuba thing. It sold off a lot of its Canadian assets. Has a bit of cobalt which is strong nowadays.

integrated mines

This has always been a very difficult one. It is a Cuba thing. It sold off a lot of its Canadian assets. Has a bit of cobalt which is strong nowadays.

integrated mines
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$1.070
Owned Owned
Unknown

DON'T BUY

A nickel producer and the stock has been in a long slump. There have been some signs of life in the last few weeks. It is trading in sympathy with all the base metal commodities, most notably nickel. Emerging markets have been growing their economies faster this year than last. The problem he would have is with the quality of the assets and the financial strength of the company.

integrated mines

A nickel producer and the stock has been in a long slump. There have been some signs of life in the last few weeks. It is trading in sympathy with all the base metal commodities, most notably nickel. Emerging markets have been growing their economies faster this year than last. The problem he would have is with the quality of the assets and the financial strength of the company.

integrated mines
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment ...

PricePrice
$1.090
Owned Owned
No

DON'T BUY

It has been on his watch list for years.  He used to not like the management and they have not done well recently. 

integrated mines

It has been on his watch list for years.  He used to not like the management and they have not done well recently. 

integrated mines
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$0.790
Owned Owned
Unknown

WATCH

It has been trapped lately.  It is pulling back to the old support level of 70-75 cents.  He would expect it to bounce, but would want it to take out the last peak before buying. 

integrated mines

It has been trapped lately.  It is pulling back to the old support level of 70-75 cents.  He would expect it to bounce, but would want it to take out the last peak before buying. 

integrated mines
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$0.800
Owned Owned
Unknown

DON'T BUY

Hasn’t followed this closely over the past couple of months, but did do a lot of work on it 6 months ago. Had a lot of debt they were trying to get rid of, at which time the multiple would expand. That has happened, but the stock really didn’t react the way people expected. He would stay on the sidelines.

integrated mines

Hasn’t followed this closely over the past couple of months, but did do a lot of work on it 6 months ago. Had a lot of debt they were trying to get rid of, at which time the multiple would expand. That has happened, but the stock really didn’t react the way people expected. He would stay on the sidelines.

integrated mines
Peter Imhof

Vice President & Portfolio Manager, AGF Investments Inc...

PricePrice
$0.800
Owned Owned
No

COMMENT

A nickel producer in Cuba and Madagascar. They’ve renegotiated their position in Madagascar and have gone from 40% ownership to 12% of equity and debt. Their balance sheet is now in much better shape. It is fully expected this will be completed by the end of June. It will leave them with 2 nickel projects. About $3.50 nickel would be their breakeven, and it is currently trading at $4.15. They really need higher nickel prices. They can survive, because they have cash in the bank and cash from these projects.

integrated mines

A nickel producer in Cuba and Madagascar. They’ve renegotiated their position in Madagascar and have gone from 40% ownership to 12% of equity and debt. Their balance sheet is now in much better shape. It is fully expected this will be completed by the end of June. It will leave them with 2 nickel projects. About $3.50 nickel would be their breakeven, and it is currently trading at $4.15. They really need higher nickel prices. They can survive, because they have cash in the bank and cash from these projects.

integrated mines
Douglas Kee

Chief Investment Officer, Leon Frazer & Associ...

PricePrice
$0.800
Owned Owned
Yes

COMMENT

Reached an agreement with Ambatovy on a joint venture partnership structure, with Sherritt reducing its interest from 40% to 12%, and got forgiven $1.3 billion of debt. This gives them a better balance sheet. You need higher nickel prices. If nickel were to go to $7, this stock would be worth a couple of dollars. It has huge leverage on nickel which overwhelms every other single thing about it.

integrated mines

Reached an agreement with Ambatovy on a joint venture partnership structure, with Sherritt reducing its interest from 40% to 12%, and got forgiven $1.3 billion of debt. This gives them a better balance sheet. You need higher nickel prices. If nickel were to go to $7, this stock would be worth a couple of dollars. It has huge leverage on nickel which overwhelms every other single thing about it.

integrated mines
Bruce Campbell (1)

President, Campbell and Lee Inv...

PricePrice
$0.840
Owned Owned
Unknown

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