N/A
At these oil prices, it is just a case of being well invested in this sector. The price is neutral – not overly high and not overly low. In gas, own the low cost producer. We are in a gas boom, but there is so much supply that the price is low. The mining side is more problematic. Most things it is very hard to get excited about.
TOP PICK
Still has over 9.5% yield. It’s three years before this one is fully taxable. Equals a 6.5% dividend.
TOP PICK
This is a 500 Million Dollar company, even though it is a penny stock. Columbia has one of the best fiscal regimes. All the pieces feel right and this company is just getting going.
PAST TOP PICK
(Top Pick Apr 6/09, Up 20.54%) If it goes up another 20-25%, you would have to look to see if the yield was still what you wanted.
TOP PICK
Sherritt Conv. Bonds 7.75% 2015: Cuba does not affect this bond. Being paid to wait means more than just T-Bill interest rates. Same duration Transalta Bond has a 4.2% yield, but they are the same bond.
PAST TOP PICK
(Top Pick Apr 6/09, Up 64.6%)
PAST TOP PICK
(Top Pick Apr 6/09, Up 93.10%)
BUY
Conventional heavy oil, natural gas and oil sands. Within this or next year, we will hear more about their shale gas. Hold it forever. Well-financed, low cost producer.
DON'T BUY
He tries to stay away from these types of things. He waits for predictable, stable and cheap enough.
HOLD
50/50 gas oil, very well run energy trust. There is nothing in there to get excited enough on any day. Nice predictable company with exposure to shale plays. He would not buy it buy if you have it, might as well hold it.
DON'T BUY
Tailings technology is very important to the industry but probably does not impact cash flow that much. They got to the point where as oil price came off in 2008, their costs went through the roof. They were suddenly a bad operator. Just as they were to get on top of it and show they could run it efficiently, they went and bought Petro Canada, so you can’t tell if they are operating it efficiently.
BUY
He just bought Bonavista but almost this one. Because it will convert to an ongoing company, the market has discounted it. Like a lot of other companies but it has this cardium piece. It’s an exciting company at this price.
BUY
No body really knows these guys as company leaders. They have 5000 bpd going to 10,0000. Could double.
WEAK BUY
It is not really a contrition play, but is a pretty solid value play. If you believe that oil is going to go up then this is where the upside in this stock is. It is fairly valued now.
PAST TOP PICK
(Top Pick Apr 1/09, Down 17%) He had wanted a stock that would ‘stay in the game’. It has no debt with growing revenues and excellent management. They grew revenues very nicely. Has no idea why the stock not higher. At some point the market will wake up to this company. Be patient – 3 or 4 years to get to his target price.