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

2013-10-08

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

(A Top Pick Oct 9/12. Down 41.87%.) 2.7% dividend yield.

precious metals
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $9.940
Owned: Yes

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2013-08-14

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

Economy. Was very excited when Europe just announced that they had finally gotten out of a recession after a 2 year slowdown. Also, US economy is motoring ahead both with housing sales at a five-year high and good auto sales. That bodes well for the global economy. China, on the other hand, has dictated to the market that it is more comfortable with a 7% to 8% growth, even though that is down from their high of 10% before. Therefore, world economies are doing well, which justifies the move there has been in the market.

Michael Giordano

VP Investments & Portfolio Manager, 

Price: $0.020
Owned: _N/A

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2013-08-14

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

Resources. It is time to take a bit of risk and dip your toes in. Economies are doing well and therefore this will require a lot more energy to run the economies and a lot more base metals to construct houses, manufacture autos, etc. The materials sector, year to date, is down a whopping 28%-30%. Energy sector is basically flat. He sees investors shifting into the more cyclical plays. Even in the past 2 weeks, the TSX has outperformed the Dow and S&P, which is a reflection that investors are looking at the energy sector and materials sector. Best opportunities are found in companies that have a global scale. For example, Mexico is looking to expand their oil/gas operations. Companies with a global platform are able to put their money’s into different countries to capitalize on the opportunities.

Michael Giordano

VP Investments & Portfolio Manager, 

Price: $0.020
Owned: _N/A

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2013-08-14

COMMENT
Argonaut Gold (AR-T)

Have 2 producing mines, both in Mexico and producing about 100,000 ounces of gold per year. In order to expand and diversify, they bought Prodigy Gold with a major asset in northern Ontario so there are growth assets in Mexico and North America.

Mining
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $8.220
Owned: Yes

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2013-08-14

HOLD
Arc Resources Ltd (ARX-T)

Gas weighted and has been affected by the lower natural gas prices that are realized in Canada. US has enough natural gas that they don’t require as much import from Canada. That, coupled with the tolling that pipelines have been charging, makes it harder to get natural gas out of Canada. As a natural gas company it is a good one to hold onto. Nice 5% yield and generates good cash flows. Have hedged out nat gas prices at well north of $4.

oil/gas
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $25.550
Owned: Unknown

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2013-08-14

COMMENT
Athabasca Oil Sands Corp (ATH-T)

The Keystone pipeline is secondary to what this company is doing. Have a bunch of oil sand assets, mostly in Alberta, which they are able to extract value from. Recently sold off a joint venture interest to PetroChina and waiting for ultimate approval of Dover. That way they can put the asset to PetroChina in exchange for $1.3 billion cash, which amounts to about $3.25 per share. Have good assets which they are going to joint venture as well.

oil/gas
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $7.970
Owned: Unknown

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2013-08-14

COMMENT
Champion Iron Limited (CIA-T)

A junior iron ore exploration company that operates in the Labrador trough in Northeast Québec/Western Labrador. Canadian National (CNR-T) announced they were not going to go ahead with the expansion of a rail line. Companies like this were dependent on that rail line to get their material out. Alternatives now include having to cut a deal with existing rail lines. Properties are fine, but with a lack of infrastructure and weakness in iron ore prices the stock was clobbered, it’s a Hold at best.

Mining
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $0.225
Owned: No

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2013-08-14

TOP PICK
Computer Modelling Group Ltd (CMG-T)

Basically an international computer software and consulting company that is able to simulate the reservoirs for oil/gas companies giving precise locations for drilling. Has grown about 20% per year in the past and he is expecting 12%-15% growth. Yield of 2.94%.

computer software/processing
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $24.400
Owned: Yes

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2013-08-14

TOP PICK
Canadian Natural Rsrcs (CNQ-T)

Oil/gas company with international operations, both in the North Sea and West Africa. The Canadian operations in the oil sands continue to generate excellent returns. 10th consecutive year that they have increased production. Had a hiccup when the Primrose East had seepage from their cyclic steam operations. This caused a $3.5 billion hit on their CapX. One of the largest reserve bases in its group. Yield of 1.62%. Price to cash flow is very cheap at 5.1X compared to 6.1X of the comp.

oil/gas
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $31.160
Owned: Yes

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2013-08-14

BUY
Canadian Oil Sands (COS-T (Acquired)

(Market Call Minute.) With oil prices north of $100, this only needs $75 oil to break even. Spinning out cash flows.

oil/gas
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $20.480
Owned: Yes

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2013-08-14

BUY
Colossus Minerals Inc. (CSI-T (Dead))

They have the large Serra Pelada platinum group metals/gold mine in Brazil which is probably 90% complete in terms of getting up and running. Will be producing a lot of high density metals as well as gold. Likes this company.

precious metals
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $0.800
Owned: Yes

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2013-08-14

BUY
Copper Fox Metals (CUU-X)

Teck Resources (TCK.B-T) have exercised their option on the Shaft Creek deposit in BC so they can let them pay for the continuation of the development. This company has a large resource and a partner with deep pockets.

metal mines
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $0.610
Owned: Unknown

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2013-08-14

BUY
Duluth Metals Ltd. (DM-T (dEAD))

(Market Call Minute.) Major operations in Minnesota. Platinum group metals based precious metals.

precious metals
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $1.300
Owned: No

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2013-08-14

BUY
Denison Mines Corp (DML-T)

Uranium company focused in the Athabasca region of northern Saskatchewan. Own 22% of an operating mill. Cleaned up the company by selling all their US assets and focusing just in Canada. Priming itself to be a producer. Likes this name. We need higher uranium prices for the entire sector to pick up.

non-base metal mining
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $1.260
Owned: Yes

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2013-08-14

PAST TOP PICK
Encana Corp (ECA-T)

(A Top Pick August 3/12. Down 14.1%.) Has a new CEO. Natural gas prices have dropped precipitously since last year but, this is the 3rd largest natural gas producer in North America. Have cleverly hedged 75% of their production at well over $4. Also, instituted cost cuts of about $100 million per year. 9% of their production is in more oily names, which generates 30% of cash flow. Still likes.

oil/gas
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $18.090
Owned: Yes

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