TOP PICK
He likes the company because of a $1.20 value. Between now and the second quarter of 2008 the company will be drilling three high impact wells. Believes the company will do well even if just one well comes through.Best to buy when market is quiet.
TOP PICK
Had a recent run. Believes that it still has a lot of upside.
TOP PICK
This is a natural gas story. The company has the ability to grow the volume by 20% a year just by the cost control and how they are running it. He likes the story and the management team.
COMMENT
Resource sector has a lot of attention. Chinese growth rate is not slowing down. The demand for resources will continue. Oil prices may see a correction but he sees prices being around $72-74. If the oil pipelines in Turkey are attacked, prices will go a lot higher. Drilling activity of natural gas has decreased.
HOLD
Recommends staying with it. Copper prices have backed off for now but believes they will increase over the winter of 2008.
HOLD
It is leveraged and needs high gas prices. His approach is to take a 18 month horizon. If we have a cold winter the win will come faster. Gentry has an acquisition that they paid a lot of money for and needs higher commodity prices to grow. Does not see it as the most attractive of the gas stories.
COMMENT
Feels that the US "has been robbing Peter to pay Paul, and Peter's tapped out". Feels Bush, before leaving office, will take some direct action against Iran. That will not ne good for the stock market, but will be good for oil and gold.
RISKY
They have been fans of Vero Energy and started covering it in 06. Could see it grow 20% over the next 18 months if commodity prices increase. Likes the management team.
BUY
Made a deal with Anglo American. Sold 50% of a project which they are now 50% partners in. Will probably be taken out. The most attractive undeveloped gold/copper deposit in the world today. He would be very aggressive on the long side.
BUY
Has underperformed. Had fiscal and production issues, but the worst is behind them. Expects it will be acquired.
BUY
He likes the story. There are wells being drilled and there is exploration potential. Stock should continue to move forward.
BUY
Likes Cobalt. A play in the US. Working on the final permit, which if they get will make the stock really move forward. (Long term buy). Very undervalued if they get their permit.
BUY
Very interesting deposit in Labrador. Management is very keen. One caution is that uranium deposits will have to have substantial deposits in order for them to go up.
SELL
Management dropped the ball. Put the mine on maintenance because they can't make it work. Attractive project in Eritrea, potentially strong poly-metalic deposit but in a rough country to work.
TOP PICK
Geologist's dream. Have made some fantastic discoveries. Zinc, gold, silver. Low grade, but a lot of tons. Just starting it's promotion. Is his current top holding. Speculative.