Because of high oil prices and the fact that it cold stay high and affect the economy, she is switching economically sensitive sectors such as copper and industrial products into oil.
Higher oil prices are going to hurt them. Prior to the middle east problems, traffic was picking up, pricing was getting better and everything was indicating they could have a really good year. This is one of the most sensitive companies to higher oil prices. If oil prices are down below $100 by June, we are OK otherwise you don’t want to own.
Couple of years ago was having trouble making their quarters. Over promising and under delivering. In gold, that’s a No-No. Have been in the penalty box. Delivered last 2 quarters. Good growth ahead of them with 3 o 4 new projects but they don’t come on until 2012. Fantastic story for 2013 but she questions how investors will handle it over the next year. Expects people will start looking forward to it next year. Cheap on 2012 production. If they spin out their copper/gold deposit, it could add a couple of $’s to the stock.
Liked it a couple of $’s ago when all the bad news was in the stock. This is a stock that you will never get at 10X earnings. Class act with great management. Questions how the generic drug situation will work out.
Have some fantastic drilling prospects but there is no major drilling going on this year. Didn’t make production. Wouldn’t Hold for the next 6 months but would consider Buying towards the end of this year.
Has been the under performer of all the Cdn banks. Reporting very soon, so you’ll have to wait. If they disappoint viz. a viz. the other banks, it’s going to be ugly.
Wouldn’t be one of her all time favourite service companies but she likes it here. With present oil prices there will be lots of drilling. Cheap (See Top Picks.)
Analysts have high teens for the stock price. In a funny position. Build a project but can’t operate it in the winter so they wait for spring before starting. Providing everything starts up OK, you are going to see a bump in the stock. They are taking of expanding (Doubling) the project again. If so, the stock will go higher.
Taking brand new equipment into Latin America where there is a lot of antiquated drilling equipment so there won’t be competition. Good management. Will grow the company and probably be taken over 4-5 years down the road. Lots of opportunity ahead as they’ve just started to penetrate the market.
Gold. 3 main projects, which they are proceeding to put into action. One of them a joint venture with Barrick (ABX-T). All in Nevada. Cheap. Also listed in the US so will be attractive to US investors.
Very liquid so you can trade in and out. Undervalued compared to its peers. Have consolidated their merger and thinks they can post some really interesting numbers and have some fantastic assets.