TOP PICK
(A Past Top Pick Nov 22/06. Up 110%.) One of the best, most stable mine situations in Canada. The Sudbury rim, the greatest mining camp in the world. Expanding beautifully.
TOP PICK
Has a fabulous process in the Bakken fields. They also have the Thai process, which they have licensed out now and he feels there will be more licensing. They also control Petrominerales (PMG-T). It might finish up being the stock of the decade in the sector.
TOP PICK
Has been strong even in this weak market. Has grown and shown good numbers. Good brand name.
PAST TOP PICK
(A Past Top Pick Nov 22/06. Up 9.3%.) A good stable Hold. 8% yield.
PAST TOP PICK
(A Past Top Pick Nov 22/06. Up 7.7%.) (Formerly East Coast Energy.) The team that runs this are the people that ran Pan Ocean. Offshore Tanzania. A key supplier of natural gas to a Hydro Company. Has a low profile. Have not had any announcements lately. Still a Buy.
BUY
Gently optimistic about this company. Its moves tend to be gentle. In a correctional phase at the moment. China has a tax relief period on zinc, so the commodity is rushing out of the country. This will end next year, so zinc prices will likely rise again. Expanding its Lalor Lake and expect there will be more discoveries and acquisitions.
HOLD
Suspended operations at Galore Creek’s massive gold/copper project because of high capital costs. Stock was hit hard. This is the only real major mining company left in Canada.
COMMENT
He is bullish on resources, which could mean a bit of an uplift. It did go through a precarious situation with margin calls coming close. They readjusted themselves to the realities about margins and are taking more emphasis on a cash position.
DON'T BUY
Part of the very expensive Canadian coal sector. Had a big drop and has been temporarily rescued by a debenture issued and taken up by a UK fund. Kind of dilutive and a desperate rescue plan.
HOLD
7.3% yield. Premier class. A long-term hold.
HOLD
Petrobank (PBG-T) has made an offer to acquire them. Extraordinarily talented management and he is surprised the deal has happened. You will get 0.8% in shares and the rest in cash.
HOLD
Petrobank (PBG-T) owns 60% or 70% of the stock. Extremely rich oil finds in Colombia.
DON'T BUY
Doesn't know if it will sell. Very speculative. The downturn reflects a negative situation regarding a sale. Prefers something like Oilsands Quest (BQI-A), which is in glorious Saskatchewan, a non-Alberta tax situation.
BUY
An oil sands play located in Saskatchewan, a non-Alberta tax situation. Has a massive potential. Speculative.
COMMENT
In general, gold is looking very positive and the gold mining companies are looking very interesting these days. Would not short gold. You could use this as a tool to try and make a $1 on the negative side. (He didn't sound positive on this.)