BUY ON WEAKNESS
Incredible assets. Besides their conventional business, they have 2 other businesses, Columbia which the market didn't like and "Toe-to-Heel-Air-Injection (THAI)" tecnology which is unbelievably exciting. The upside to this alone will be extraordinary. Tie this in to everything that is going on with oil sands and it has just taken off. Has gone a little too far.
WEAK BUY
Has been a Top Pick in the past and always had a valued at about $4. Venezuella created some chaos. Bought back his position at $1.70. An incredibly cheap way to get exposure to the oil industry, but you have the Venezuelan risk.
PAST TOP PICK
(A Top Pick Mar 21/05. No change.) Hurt by rising energy prices and a strong Cdn$, but have the ability to raise the price on peatmoss over time. Giving a 10% yield which is what he wants.
DON'T BUY
Not in love with their assets. Likes the idea of zinc but it's not as scarce as other metals in the next few years. Prefers Teck Cominco (TEK.SV.B-T), which is slightly overvalued at the moment.
DON'T BUY
Absolutely one of the best companies in the country. Getting fully valued now. There is still concern in these oil sands companies as to who is goiing to execute the plan with the costs going up so much. Can't see them messing up.
DON'T BUY
An extraordinary company. Market is pricing in future growth expectations and so doesn't know where to put a price on it any more. If natural gas goes up, this will trade with that. Seems to be a lot of natural gas available for this winter short term and this is priced into it.
WAIT
Has re-invented itself in the heavy oil play. Has doubled in the last 2 weeks, so tough to put a valuation on it. Wants to wait and see if they can prove themselves.
PAST TOP PICK
(A Top Pick Mar 21/05. Up 7.6%.) A fantastic company. Likes it based on straight valuation. Oil could drop and you couild still make money on this stock.
PAST TOP PICK
(A Top Pick Mar 21/05. Up 8%.) The only name he has in base metals. An inexpensive stock.
WEAK BUY
Extremely difficult to assess where the price is going. Has 3 big projects and any one of them could be worth $1 billion. It will take time and money. It's incredibly exciting. Not a bad technical floor on the stock.
TRADE
Was always difficult to evaluate and always ran ahead of its value. Found gas in Northern Africa, but it doesn't have any value unless someone puts in a pipeline to create cash flow. Thinks there's an awful lot of value there.
DON'T BUY
A straight copper producer. Low grade bulk mining. With higher fuel costs and stronger Cdn$, the operation is less profitable going forward. The real value is on their exploration project. Probably riskier than what the company might lead you to believe and that is what the market is reflecting.
DON'T BUY
An oil shipper. What we are going through in the shipping world is that all the shippers have had to go from single hulls to double hulls for environmental reasons. There are not enough double hulls to move the oil around.The market has really moved up on these. Have a good dividend because shipping rates are expensive. Too expensive.
TRADE
Talisman (TLM-T) versus Encana (ECA-T). Both great companies. Talisman has more of an international base to its assets and does a very good job in inhospitable climates. Prefers Encana which has focused their asset base and are much more of a manufacturing process. Able to increase production for at least the next 5/7 years.
BUY
Talisman (TLM-T) versus Encana (ECA-T). Both great companies. Talisman has more of an international base to its assets and does a very good job in inhospitable climates. Prefers Encana which has focused their asset base and are much more of a manufacturing process. Able to increase production for at least the next 5/7 years.