Opinions by Alice Tsang | StockChase
251
Alice Tsang

Portfolio Manager

ON STOCKCHASE SINCE Apr 2011

Marquest Asset Management


Opinions by Alice Tsang



ABOUT CHARTS : These are thumbnail sketches of the stock prices, from the time of the opinions. The charts are not detailed, and are meant only to give an oveview (note the number of datapoints). The charts show one month of information or up to six months if you are a subscriber. Recent opinions will obviously have fewer datapoints then older opinions.


You are not seeing charts because you haven't logged in or haven't opted in

Signal Opinion Expert Chart

2013-09-13

COMMENT
Lightstream Resources (LTS-T (Delisted)

13.1% dividend yield and she feels there is a chance that they might cut this because the capital program as well as the dividend comes out to about 130% of cash flow. Have a lot of debt on the books of about 3-3.5 times cash flow, which is high for her. If oil prices were to pull back, that payout ratio would be a lot more. However she doesn’t think the risk of a distribution cut is imminent and you might have a few more months, because management seems to believe that they can continue to use the line to fund operations.

oil/gas
Alice Tsang

Portfolio Manager, Marquest Asset Management

Price: $7.310
Owned: No

Must be logged in to use chart

2013-09-13

PAST TOP PICK
Molycorp Inc (MCP-N (Now OTC))

(A Top Pick August 31/12. Down 41.80%.) This was a regretful choice because they had an SEC investigation, which she didn’t like, so she sold her holdings. In addition, rare earth prices are coming down dramatically. Also, have a very high debt level.

Alice Tsang

Portfolio Manager, Marquest Asset Management

Price: $6.480
Owned: No

Must be logged in to use chart

2013-09-13

HOLD
Major Drilling Group International Inc (MDI-T)

In the next 12 months or so, she thinks this might rebound from the current lower level. Valuations are quite cheap. Company has a very attractive balance sheet. However, about 30% of their major drilling business is coming from exploration on the Junior side. Stock has priced in somewhat with lower activities. 2.75% dividend and she doesn’t see any increases coming. (Host comment: Beta is 1.9 id est., 90% more volatile than the TSX.)

mining services
Alice Tsang

Portfolio Manager, Marquest Asset Management

Price: $7.280
Owned: Unknown

Must be logged in to use chart

2013-09-13

HOLD
Mart Resources Inc (MMT-T (Dead))

Operates in Nigeria, so there is obviously country risk. It is always cheap. Although she hasn’t looked at valuations for a while, it depends on the declines of the wells but these wells come on significantly strong.

oil/gas
Alice Tsang

Portfolio Manager, Marquest Asset Management

Price: $1.430
Owned: Unknown

Must be logged in to use chart

2013-09-13

BUY
Nevada Copper (NCU-T)

Recently had a permit on Pumpkin Hollow. Likes the story and the management team. The probable next step for the company would be to arrange funding for development of the underground resource. CapX is not stretched. Long-term, this is a great story.

Mining
Alice Tsang

Portfolio Manager, Marquest Asset Management

Price: $2.290
Owned: Unknown

Must be logged in to use chart

2013-09-13

DON'T BUY
Northern Dynasty Minerals Ltd (NDM-T)

Pretty hard to turn this one around. Very low grade gold/copper project and requires a very large CapX. Just discontinued their dividend.

precious metals
Alice Tsang

Portfolio Manager, Marquest Asset Management

Price: $2.330
Owned: Unknown

Must be logged in to use chart

2013-09-13

SELL
NovaGold Resources Inc (NG-T)

This is one of those projects that is lower in grade and requires very large spending capital. In the current environment, lots of the majors are cutting back on capital spending.

precious metals
Alice Tsang

Portfolio Manager, Marquest Asset Management

Price: $2.890
Owned: Unknown

Must be logged in to use chart

2013-09-13

DON'T BUY
New Gold Inc. (NGD-T)

Cheap, but she would hold off buying. The knocks in previous years have always been about growth projects so they went in and bought Blackwater and just recently, Rainy River. Both projects economics are not very attractive at $1300 gold. Because of a lack of growth profile, she would hold off. She is on the sidelines and wants to watch how the company executes.

precious metals
Alice Tsang

Portfolio Manager, Marquest Asset Management

Price: $6.380
Owned: No

Must be logged in to use chart

2013-09-13

PAST TOP PICK
Prodigy Gold Inc (PDG-X (Dead))

(A Top Pick August 31/12. Up 54.84%.) This was acquired by Argonaut Gold (AR-T) so she sold her position because she was very cautious on gold.

Mining
Alice Tsang

Portfolio Manager, Marquest Asset Management

Price: $0.960
Owned: No

Must be logged in to use chart

2013-09-13

HOLD
RB Energy (RBI-T (De-Liste)

(Market Call Minute.) Very good story. However, valuation is right up there. Roughly about 300 million if you include debt. When the project completely ramps they will generate about $30-$40 million so it is fairly valued at this point.

precious metals
Alice Tsang

Portfolio Manager, Marquest Asset Management

Price: $0.475
Owned: Unknown

Must be logged in to use chart

2013-09-13

PARTIAL SELL
Raging River Exploration (RRX-T)

Has done incredibly well. If you own, she would take some profits but this has always been a takeout play and the economics have been fantastic so she would go for the longer ride on the balance. They have a lot of drilling inventory. So it is not a 1 or 2 year story. The story will continue to do well. Technicals and valuations are topping their peers so she would take some profits. (Host Comment: 85% of the street has a Buy recommendation and the rest have a Hold. Consensus is north of $6 in the next 12 months.)

Oil and Gas (Integrated Oils)
Alice Tsang

Portfolio Manager, Marquest Asset Management

Price: $5.440
Owned: Unknown

Must be logged in to use chart

2013-09-13

COMMENT
San Gold Corporation (SGR.H-X (Delist)

At $1400-$1500 gold, they still have to develop their underground mine, which has been challenging. At current gold levels, investors are probably dumping the stock because prospects could get more difficult. You need gold prices to make a dramatic turn and she doesn’t expect this for the next 2 years anyway.

precious metals
Alice Tsang

Portfolio Manager, Marquest Asset Management

Price: $0.160
Owned: Unknown

Must be logged in to use chart

2013-09-13

HOLD
Semafo Inc (SMF-T)

Had been one of the great stories in the last 2-3 years however, they ran into a development issue because part of the ore they were working with was refractory so costs skyrocketed. In the last year they have discovered a very high-grade pot that they can actually use to blend with the current operations. This would increase the valuation and cash flow somewhat. 2% dividend.

precious metals
Alice Tsang

Portfolio Manager, Marquest Asset Management

Price: $1.930
Owned: Unknown

Must be logged in to use chart

2013-09-13

WATCH
Strategic Oil & Gas Ltd (SOG-X)

Likes this name quite well. Over the last 2-3 quarters, they have disappointed in terms of guidance. Very large land base and have only started putting pieces together. Over the longer-term, if execution turns out well, the stock will be rewarded with higher valuations. She is on the sideline and just watching their execution to see if management can deliver. (Host comment: Street consensus is that the stock will be $1.63 in the next 12 months.)

oil/gas
Alice Tsang

Portfolio Manager, Marquest Asset Management

Price: $1.000
Owned: No

Must be logged in to use chart

2013-09-13

SELL
Sandstorm Gold Ltd. (SSL-T)

With the uncertainty of the gold space, she would tend to gravitate towards higher-quality names such as Franco-Nevada (FNV-T). The last couple of deals they have done have caused some investors to step back.

Mining
Alice Tsang

Portfolio Manager, Marquest Asset Management

Price: $5.710
Owned: Unknown

Must be logged in to use chart
Showing 16 to 30 of 251 entries
<< < 1 2 3 4 5 > >>

No Comments.


You must be logged in to comment.

Successfully Saved Company