BUY ON WEAKNESS
Met with CEO recently and came away more positive than ever. In Mexico. You would have a possible double here.
BUY ON WEAKNESS
Very levered to oil prices, both ways. Are selling assets to clean up balance sheet. As long as oil stays above $85, they are undervalued. A junior oil sands play. A little riskier than average.
BUY
They had disappointed last year and pre-announced a contract loss. Now, have a better outlook and a record outlook. Under $10 is a good entry point.
WAIT
Likes it. Almost a 10% pullback. It depends on your short term outlook. If you are trying to pick a bottom, watch wat happens in Saudi Arabia in the next 2 to 3 weeks.
PAST TOP PICK
(Top Pick Apr. 19/10, Up 37.15) Prefers this over POT because you get everything. Will hold on for a long time.
PAST TOP PICK
(Top Pick Apr. 19/10, Up 24.4%) Pulled back nicely. Combination of good production growth over a decade and good exposure to oil. Well managed with a good balance sheet. A key holding.
PAST TOP PICK
(Top Pick Apr. 19/10, Down 7.21%) Well-known story, has recovered somewhat, but pulled back very recently. Unhedged to the market and had a billion and a half of product that they had to guarantee. In 12 to 18 months you might see a dividend increase. They have covered the hedge to more than half of where it was.
BUY
Should have fallen by the amount of the dividend. What happened was you got a turnover in the type of holder. Some of the fast money that might have been in there was exiting. Now you would expect value guys to step up and buy it. It’s worth looking at, as it is getting interesting.
BUY ON WEAKNESS
Not well liked for the last year where they were buying Redback. In the last quarterly report last week they showed 3 million extra oz at the mine. He would hang in and buy on weakness. The cheapest senior gold you can buy now. They have scheduled an analyst trip to the mine in Africa and they wouldn’t do that if there weren’t good news.
BUY
Has pulled back quite sharply in the last couple of days because of down grades in the US and because the US department of agriculture was weak. Prefers AGU, but you could buy Potash here.
RISKY
Timing of IPO was not great. He would prefer SU. ATH is an oil price play. If you think it is going up then it is a buy, otherwise he prefers the producers.
DON'T BUY
Hasn’t owned it for 15 years. It always looks cheap. It’s kind of an odd collection of assets. It has a higher dividend but he can get that in something with growth.
DON'T BUY
Nice mixture of copper and nickel. They had some operations problems two quarters ago and the stock really got hit. The nickel side is lagging a bit. There is purer copper and purer nickel.
BUY ON WEAKNESS
$65 was overvalued. If you lop off the peak, high $50s is more of a reasonable peak. It was a bit frothy at the top. The pullback is justified. Under $50 it is probably a buy. It would be interesting to look at again.
BUY
20%+ ROE. Doesn’t have the upside like MFC if markets go crazy. Probably going to raise dividend late this year or early next. A nice safe place to be in to tuck away for a few years.