President and CEO at Rule Investment Medial
Member since: Mar '05 · 984 Opinions
He likes the energy space because it's a large business and generates a lot of cash, but all natural resources offer value. Short-term he sees why some people expect weakness out of fears of a recession, which he feels may or may not occur. Countries like China are securing their own sources of resources, which is normal and natural and happened in the past in the West and Japan. Consider that Panama forced the closure of a mine despite that operation means over 5% of GDP and could face penalties.
Dividend of 12% is safe and managers are great. They're making capital investments to sustain production. Shares have been effected by weakness in natural gas prices.
They've grown by acquisition reasonably well. They bought 14% of Marathon which is building a mine in Newfoundland and which could be successful. Could CXB and Marathon merge and build a mine? Depends, because he hasn't seen CXB build a mine, but buy them.
Depends on if you're a speculator or investor. Electric has changed mining by using their Typhoon geophysical technology to apply to deposits around the world, so this is a spec buy. That technology could be game-changing. The Mines is far more senior with existing operations in Congo and South Africa, so it's an investment.
Depends on if you're a speculator or investor. Electric has changed mining by using their Typhoon geophysical technology to apply to deposits around the world, so this is a spec buy. That technology could be game-changing. The Mines is far more senior with existing operations in Congo and South Africa, so it's an investment.
The Canadian energy space will do well over time. He isn't long SGY, but likes it.
If rates continue to rise, delay buying this. Long-term, moving oil and gas out of western Canada is a very good business. ENB's infrastructure is already built. How shares do the next year depends on politics, rates and the Prime Minister's attitude towards oil. The yield is safe.
Good, not great, not top tier among base metal companies. Will do well over 10 years, but there are better choices.
The poster child for carbon haters. No rush to enter this, but SU will continue to pay shareholders well for the rest of their lives. An arbitrage play between the price of oil and natural gas. Likes SU long term, but shares could be depressed due to Canadian politics and interest rates if they rise.
He owned this and covered his investment. EFR will benefit from Pres. Biden subsidizing the uranium business. EFR benefits from having relatively advanced projects in the U.S. The easy money has been made already in uranium stocks, but there remains money to be made here for the next 5 years. The uranium metals market has moved from a short-term to a long-term market, which increases investor security. Speculators could take profits in these stocks, while investors can stay long.
Disappointed that their Kenyan assets have taken longer to mature. They continue to do well in Nigeria though. Troubling though not surprising is their CEO/founder retiring. He remains long.
Are active in Guyana, but Venezuela threatens to invade Guyana and take over their resource-rich territory. But GTWO has tier-one gold deposits which would make it a takeover target.
Has underperformed the gold price, but so have gold stocks in general. ABX has an unusual good collection of high-quality gold assets. He's done well investing in companies that the CEO has run. Continues to be long this.
Any molybdenum junior miner will have a rough road for the next 10 years. There'll be more moly production as a result of more copper production. Moly is merely a sidebar as those producers mine for copper.
He bought this three years ago when investors hated uranium, but he has since made his money back. DML is trying proven recovery methods but at a deeper depth that could work. If it does, shares go higher, but fears this method could be challenging on a commercial scale. Swo, he feels of two minds about DML. DML is the most important junior in the Athabasca basin. Their edge is operating a permitted mill there.