A direct play on uranium without the problems of mining. Uranium prices have moved up to $65 but he would still Buy. With the demand growing, he could see uranium reaching $85 in 2 to 3 years.
Their interest in PetroBakken (PBN-T) and Petrominerales (PMG-T), which is primarily Colombian oil is probably worth $40 plus a share, which is close to the present share price. Rest of the company is 3 projects including THAI projects which are starting to work well.
Crushed earnings last 3 quarters in a row. Good cash balance. Good change in the voting structure and senior management. Auto sales are getting better.
Thinks the Playbook is going to work. Will be one of the 3 or 4 players surviving the smart phone market. Expect they will do way better than people are expecting. Trading at under 10X earnings.
Zinc, copper and gold and mostly domestic. Had a big move to the upside. Recently Sold his holdings. Great production profile. Sitting on about $6 or $7 a share in cash. If you own, consider taking some profit.
Very little growth here. Decent dividend. Given the ownership out of the US and lack of growth he would move into other oil stocks such as Suncor (SU-T), Talisman (TLM-T), CNQ (CNQ-T) or Petrobank (PBG-T).
Expect it will continue to mark time for a while but not looking for any more downside. You get a bit of a dividend. You can put it away and it will start to move back but it will take a long time..
Likes the auto industry. Global economy is doing better, particularly outside of North America, which will create stronger auto sales. Would be more inclined to own Magna (MG-T) or GM (GM-N). (See Top Picks.)
