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

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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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