BUY
In March/April they start bringing on the oil production in D6. Then in July/Aug they start bringing on the big natural gas pump up. Season going from 87 million a day to 400 million a day by March 09.
HOLD
Horizon, a major new tar sands project, is coming on in 2008. Company has a massive land spread. Have global operations. A great story.
HOLD
Debt free and great cash flow. Had production short falls. Have an acquisition in Saskatchewan that has an oil focus to it, which is good. Drilling a very important well in NE B.C. and if that comes in, it could add meaningfully to the NAV. Just announced a major deal with a major energy company. This will be a 2 or 3-year play.
COMMENT
The problem is that it is gas. Have a very big platform in the US, so will receive the higher natural gas prices quicker. This will potentially be the crown jewel of the natural gas business in North America.
COMMENT
Have been waiting with bated breath to get the success out of Trinidad. Very high impact well. Have production in western Canada, which they are trying to grow.
HOLD
(Market Call Minute.) Company is in play. Had an offer, which has been extended.
BUY
(Market Call Minute.) Have some great assets in Saskatchewan. Good story.
HOLD
(Market Call Minute.) Good assets.
BUY
(Market Call Minute.) A great story.
BUY
(Market Call Minute.)
TOP PICK
Consultants. They have continued to post great numbers. Their quarterly profit was up 30% from a year ago. Revenue is up 19%. Trades at around 14X earnings. A great company. More than half of their business is outside of the US and Canada. Cheap.
TOP PICK
This is one of the great global companies. Has a great market position right now with a reputation for fuel economy and environmentally friendly. They have about a $2000 cost advantage over the big 3 in the US. Trades at about 10X earnings.
TOP PICK
The leading money management firm in the world. Asset management companies are trading at about 17X, 18X and even 19X forward earnings and that's when trades at about 9X. AAA balance sheet. Has a wonderful money management business. Ridiculously under priced.
BUY
Forward PE of about 6.75. They have a great franchise and a great brand. They have had an ability to pick the people they send a credit card to. Default statistics have been better than the market. Not for the faint of heart but if you are willing to take some risks it is worth it.
DON'T BUY
He threw in the towel last quarter and sold his holdings. The problem is they just haven't been developing new drugs and as time goes by, you get closer to patent expiration.