Opinions by Michael Giordano | StockChase
339
Michael Giordano

VP Investments & Portfolio Manager

ON STOCKCHASE SINCE May 2012



Opinions by Michael Giordano


Signal Opinion Expert Chart

2013-11-18

N/A
A Comment -- General Comments From an Expert 

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.

Michael Giordano

VP Investments & Portfolio Manager, 

Price: $0.020
Owned: _N/A

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2013-11-18

N/A
A Comment -- General Comments From an Expert 

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.

Michael Giordano

VP Investments & Portfolio Manager, 

Price: $0.020
Owned: Unknown

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2013-11-18

BUY
Alamos Gold Inc (AGI-T)

Gold producer in Mexico.  Efficient operator.  Mexico is a good jurisdiction.  It is tied to the price of gold, which will be challenged short term.  Mid to long term it could be up 10% in a year or two.

precious metals
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $14.060
Owned: Unknown

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2013-11-18

TOP PICK
Axiall Corp (AXLL-N (Acquire)

Will benefit from low feed stock prices going on in North America.  Nat Gas goes into manufacturer of their plastics, chemicals, resins and then ultimately building products.  Low input costs and healthy demand for their products for the recovery in the US housing prices.  A play on housing AND Nat Gas.  1.5% dividend.

INDUSTRIAL PRODUCTS
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $44.240
Owned: Yes

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2013-11-18

BUY
Bellatrix Exploration Ltd. (BXE-T)

(Market Call Minute) In process of buying Angle Energy but they have deep pockets with their Korean investors.

oil/gas
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $6.790
Owned: Yes

Must be logged in to use chart

2013-11-18

BUY
Cliffs Natural Resources (CLF-N)

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

Mining
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $27.500
Owned: Yes

Must be logged in to use chart

2013-11-18

WEAK BUY
Canadian Oil Sands (COS-T (Acquired)

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
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $21.050
Owned: Unknown

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2013-11-18

HOLD
Copper Fox Metals (CUU-X)

Tech Resources is going to fully fund their project called Shaft Creek.  Stock got beaten over concern how they would fund it before Tech stepped in.

metal mines
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $0.440
Owned: Unknown

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2013-11-18

BUY
ENTREC Corporation (ENT-T)

(Market Call Minute) Pulled back nicely.  Mover of heavy equipment in Western Canada and will benefit as LNG and oil sands production increases.

Michael Giordano

VP Investments & Portfolio Manager, 

Price: $1.450
Owned: No

Must be logged in to use chart

2013-11-18

PAST TOP PICK
First Quantum Minerals (FM-T)

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

integrated mines
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $18.850
Owned: Yes

Must be logged in to use chart

2013-11-18

BUY
Canyon Services Group (FRC-T (Dead))

Specialized oil services company.  Pull back a little but mid to long term this is a good company to be in because Fracking activity should increase.  The LNG rush that should happen in the next 3-5 years should benefit them.

oil/gas field services
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $10.930
Owned: Unknown

Must be logged in to use chart

2013-11-18

HOLD
Hudbay Minerals Inc. (HBM-T)

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
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $7.930
Owned: Unknown

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2013-11-18

BUY
Inter Pipeline (IPL-T)

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

oil pipelines
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $26.050
Owned: Unknown

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2013-11-18

BUY
Legacy Oil and Gas Inc. (LEG-T (Dead))

(Market Call Minute) Western Canada oil producer, all light oil.  Prefers some others slightly better.

oil/gas
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $6.450
Owned: No

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2013-11-18

HOLD
Largo Resources Ltd. (LGO-T)

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
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $0.230
Owned: Unknown

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2013-11-18

SELL
Labrador Iron Mines Holdings Ltd. (LIM-T (Dead))

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
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $0.240
Owned: Unknown

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2013-11-18

TOP PICK
Long Run Exploration (LRE-T (Dead))

Likes dividend plus growth assets.  25,000 bpd producer.  Various Western Canada locations.  Dividend 7.7% yield, just announced and under 100% payout.  Have streamlined their spend to accommodate the dividend model.

oil/gas
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $5.340
Owned: Yes

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2013-11-18

COMMENT
Lightstream Resources (LTS-T (Delisted)

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
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $6.130
Owned: Unknown

Must be logged in to use chart

2013-11-18

BUY
Lundin Mining Corp. (LUN-T)

Likes it.  Able to pick and choose assets.  Mines they currently operate have a very low cash cost.

metal mines
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $4.390
Owned: Unknown

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2013-11-18

DON'T BUY
Obsidian Energy (OBE-T)

In the process of right sizing itself.  Selling assets to pay down debt.  Other companies have done this successfully, however these guys have not done it well at all, given the performance of the stock.  Better companies to be in.  We are 6 months away from knowing where they are going to be.

oil/gas
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $8.510
Owned: Unknown

Must be logged in to use chart

2013-11-18

HOLD
Renegade Petroleum Ltd. (RPL-X (Dead))

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)
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $0.990
Owned: Unknown

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2013-11-18

BUY
Raging River Exploration (RRX-T)

(Market Call Minute) Viking oil producer.  Made a recent acquisition and is growing nicely and has excellent net backs at these oil prices.

Oil and Gas (Integrated Oils)
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $6.140
Owned: Yes

Must be logged in to use chart

2013-11-18

BUY on WEAKNESS
Spyglass Resources Corp (SGL-T (Delisted)

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
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $1.880
Owned: Unknown

Must be logged in to use chart

2013-11-18

SPECULATIVE BUY
Stornoway Diamond (SWY-T)

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
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $0.810
Owned: Unknown

Must be logged in to use chart

2013-11-18

BUY
Twin Butte Energy (TBE-T (Not list)

(Market Call Minute) Recent acquisition has lowered their payout ratio and increased net backs.  Lowered percentage of heavy oil to light oil.

oil/gas
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $2.210
Owned: Yes

Must be logged in to use chart

2013-11-18

BUY
Teck Resources Ltd. (B) (TECK.B-T)

Has some leverage in the oil space now.  Buy given the outlook on global economies.  Demand for Copper and Met Coal will pick up from here.  Dividend is safe.

precious metals
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $27.170
Owned: Unknown

Must be logged in to use chart

2013-11-18

TOP PICK
Torc Oil & Gas Ltd (TOG-T)

5500 bpd growing to 9500 bpd production through an acquisition.  A nice combination of dividend payer and growth model.  He is confident in the management.

oil/gas
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $10.230
Owned: Yes

Must be logged in to use chart

2013-11-18

PAST TOP PICK
Whitecap Resources (WCP-T)

(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)
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $11.660
Owned: Yes

Must be logged in to use chart

2013-11-18

HOLD
Western Potash (WPX-T (Dead))

(Market Call Minute) Hold until they get the financing.

Mining
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $0.390
Owned: No

Must be logged in to use chart

2013-11-18

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

(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
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $9.550
Owned: Yes

Must be logged in to use chart
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