Stock Opinions by Michael Giordano - Stockchase Experts
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Michael Giordano

On Stockchase since : May 2012

VP Investments & Portfolio Manager at

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Stock Opinions by Michael Giordano - Stockchase Experts

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General Market Comment 

November 18, 2013

Markets. Resources continue to underperform.  This is a reflection of the general economy.  Low interest rates should filter down to the resources and have a beneficial effect.  Europe is coming back from a two year slow down.  Was positive one quarter ago.  It will bounce around here for a bit, but lowering of interest rates should bode well, so it has bottomed.  $100 plus for oil one year plus.

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Markets. Resources continue to underperform.  This is a reflection of the general economy.  Low interest rates should filter down to the resources and have a beneficial effect.  Europe is coming back from a two year slow down.  Was positive one quarter ago.  It will bounce around here for a bit, but lowering of interest rates should bode well, so it has bottomed.  $100 plus for oil one year plus.

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Michael Giordan

VP Investm, ...

Price Price
$0.020
Owned Owned
_N/A

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General Market Comment 

November 18, 2013

Silver.  Thinks it will be challenged here.  Investment demand is the key driver of demand and it is declining.  Industrial demand is picking up.  Longer term it should go up to $22-24, however.  Be careful in this space short term.

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Silver.  Thinks it will be challenged here.  Investment demand is the key driver of demand and it is declining.  Industrial demand is picking up.  Longer term it should go up to $22-24, however.  Be careful in this space short term.

Unknown
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Michael Giordan

VP Investm, ...

Price Price
$0.020
Owned Owned
Unknown

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HOLD
Renegade Petroleum Ltd.(RPL-X) 

November 18, 2013

Main driver is that it is under strategic review so will sell either part or all of itself.  They are over 100% payout ratio so it would be good if they cut it.

Oil and Gas (Integrated Oils)
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Main driver is that it is under strategic review so will sell either part or all of itself.  They are over 100% payout ratio so it would be good if they cut it.

Oil and Gas (Integrated Oils)
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Michael Giordan

VP Investm, ...

Price Price
$0.990
Owned Owned
Unknown

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SPECULATIVE BUY
Stornoway Diamond(SWY-T) 

November 18, 2013

It is hard to finance junior diamond miners.  But once they line up all the partners, thinks this could be a potential mine, but high risk.

precious metals
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It is hard to finance junior diamond miners.  But once they line up all the partners, thinks this could be a potential mine, but high risk.

precious metals
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Michael Giordan

VP Investm, ...

Price Price
$0.810
Owned Owned
Unknown

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COMMENT
Lightstream Resources(LTS-T) 

November 18, 2013

15.5% dividend because of high debt level.  Production is strong.  May have to tweak the dividend because payout ratio is about 130%.

oil/gas
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15.5% dividend because of high debt level.  Production is strong.  May have to tweak the dividend because payout ratio is about 130%.

oil/gas
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Michael Giordan

VP Investm, ...

Price Price
$6.130
Owned Owned
Unknown

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BUY

He just took a position last week.  Likes outlook on met coal and metals.  China should be positive for these producers.

Mining
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He just took a position last week.  Likes outlook on met coal and metals.  China should be positive for these producers.

Mining
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Michael Giordan

VP Investm, ...

Price Price
$27.500
Owned Owned
Yes

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BUY
Inter Pipeline(IPL-T) 

November 18, 2013

In process of expanding pipeline capacity at the oil sands.  Thinks that its growth is not all priced in right now.

oil pipelines
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In process of expanding pipeline capacity at the oil sands.  Thinks that its growth is not all priced in right now.

oil pipelines
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Michael Giordan

VP Investm, ...

Price Price
$26.050
Owned Owned
Unknown

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HOLD
Hudbay Minerals Inc.(HBM-T) 

November 18, 2013

Got beaten up with the copper stories.  Operations continue to do well and generate excellent cash flows.  New Peru mine is going to be a large producer in one to two years.  Downside is pretty minimal at this point.

precious metals
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Got beaten up with the copper stories.  Operations continue to do well and generate excellent cash flows.  New Peru mine is going to be a large producer in one to two years.  Downside is pretty minimal at this point.

precious metals
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Michael Giordan

VP Investm, ...

Price Price
$7.930
Owned Owned
Unknown

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BUY on WEAKNESS
Spyglass Resources Corp(SGL-T) 

November 18, 2013

14.2% dividend.  There was some concern about the high dividend.  High debt levels, plus lower cash flows mean that they should lower the dividend so they can meet their debt obligations.  Short term it could take a hit but longer term it should do well. 

oil/gas
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14.2% dividend.  There was some concern about the high dividend.  High debt levels, plus lower cash flows mean that they should lower the dividend so they can meet their debt obligations.  Short term it could take a hit but longer term it should do well. 

oil/gas
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Michael Giordan

VP Investm, ...

Price Price
$1.880
Owned Owned
Unknown

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PAST TOP PICK
First Quantum Minerals(FM-T) 

November 18, 2013

(Top Pick Oct 9/12, Down 8.73%) Discount is sufficient for him to step into this name here.

integrated mines
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(Top Pick Oct 9/12, Down 8.73%) Discount is sufficient for him to step into this name here.

integrated mines
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Michael Giordan

VP Investm, ...

Price Price
$18.850
Owned Owned
Yes

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PAST TOP PICK
Whitecap Resources(WCP-T) 

November 18, 2013

(Top Pick Oct 9/12, Up 59.74%) Continues to be a core holding, healthy dividend.  Buying companies on the cheap.  Continue to get oil out of the ground from these companies.  Down right now because of oil but thinks it will come back.

Oil and Gas (Integrated Oils)
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(Top Pick Oct 9/12, Up 59.74%) Continues to be a core holding, healthy dividend.  Buying companies on the cheap.  Continue to get oil out of the ground from these companies.  Down right now because of oil but thinks it will come back.

Oil and Gas (Integrated Oils)
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Michael Giordan

VP Investm, ...

Price Price
$11.660
Owned Owned
Yes

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PAST TOP PICK
Yamana Gold Inc.(YRI-T) 

November 18, 2013

(Top Pick Oct 9/12, Down 45.61%)  Gold has been a challenge to trade.  The lack of inflation has depressed gold.  There are better places to put your money but to be in the space, this is one of the better names to be in.

precious metals
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(Top Pick Oct 9/12, Down 45.61%)  Gold has been a challenge to trade.  The lack of inflation has depressed gold.  There are better places to put your money but to be in the space, this is one of the better names to be in.

precious metals
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Michael Giordan

VP Investm, ...

Price Price
$9.550
Owned Owned
Yes

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HOLD
Largo Resources Ltd.(LGO-T) 

November 18, 2013

Has a deposit in Brazil very close to production.  Continues to be challenged here.  You have to hang in with this one.  Small cap so high risk.

metal mines
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Has a deposit in Brazil very close to production.  Continues to be challenged here.  You have to hang in with this one.  Small cap so high risk.

metal mines
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Michael Giordan

VP Investm, ...

Price Price
$0.230
Owned Owned
Unknown

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WEAK BUY
Canadian Oil Sands(COS-T) 

November 18, 2013

Price of crude has the most impact on oil sands.  This will move with the price of oil.  Decent dividend of 6.6%.  Prefers other oils in his top picks today. 

oil/gas
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Price of crude has the most impact on oil sands.  This will move with the price of oil.  Decent dividend of 6.6%.  Prefers other oils in his top picks today. 

oil/gas
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Michael Giordan

VP Investm, ...

Price Price
$21.050
Owned Owned
Unknown

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SELL

Such a small mine that they can’t get the cost down to a reasonable amount so they aren’t making any money.  Investors are selling.

metal mines
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Such a small mine that they can’t get the cost down to a reasonable amount so they aren’t making any money.  Investors are selling.

metal mines
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Michael Giordan

VP Investm, ...

Price Price
$0.240
Owned Owned
Unknown

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