HOLD
Becoming difficult to say at what level this should be purchased at. At some point, the surprise will come. Seem to be dogged by bad luck. Really a “no hope” situation which makes no sense at all. Revenues and earnings are still growing.
COMMENT
Fertilizer companies have moved into a period of unease. They have no expectation of rising potash prices but instead, falling prices. They have announced interesting cutbacks in production. Dragging down some of the other fertilizer stocks.
BUY
Suffering from the after effects of their attempt to acquire Mosaid (MSD-T). Very aggressive in the patents business. Should be a good buy at this level. Just announced an addition of 1400 patents.
COMMENT
Rare earths in Kyrgyzstan. Was a pick of his at some point. (Don't have it in our records so not sure when it was the pick. Ed). Was never covered by analysts. Has sold most of his holdings. People will have been selling it for tax losses and will probably go a bit higher in the new year.
BUY
Hit by the market and by fears of housing, mainly a US situation. He thinks US institutional investors have been buying it. Has very few losses. Brilliantly run company.
COMMENT
A small operator which has done quite well in the past as a stock. At the moment, oil sands are somewhat out of favour.
PAST TOP PICK
(A Top Pick Jan 7/11. Down 57.14%.) Current asset is in Egypt which knocked the stock down. Very interesting, prospective company with a very interesting association with the project in the Sudan.
PAST TOP PICK
(A Top Pick Jan 7/11. Down 86.77%.) Eminently viable. One of the best, largest copper/gold assets globally. If it's financed, consider loading up.
PAST TOP PICK
(A Top Pick Jan 7/11. Up 34.82%.) Continuing to acquire and is brilliantly run. High-growth company. Still a Hold.
COMMENT
There are difficulties currently surrounding the oil sands. Blighted somewhat by having acquired Petrocan’s assets, which included Libya and Syria. He would worry about the rising costs that are deemed to be ahead. He is also concerned about the negative attitudes regarding the oil sands. It could go even lower.
COMMENT
Oil Sands but is more in SAGD, which is less pollutive. Well rated. If you have patience, this would be all right to buy.
HOLD
Clearly a wonderful, high achieving company. Recently reported positive earnings of revenue forecasts where a little bit shy. High growth stocks are extremely sensitive in these bear markets conditions. Has massive support from consumers with a little bit of caution in the air that can affect its numbers.
HOLD
Has high dividends, which he likes. Tremendous cash flows. The parent, Petrobank (PBG-T) wants them to continue with their dividends. Production is up 23% year-over-year and expected to be up 15% next year.
COMMENT
Was a great winner years back when it became a 10% player in Reliance of India’s offshore fields. Has expanded into Indonesia. Executives pay themselves brilliantly. A bit of an awkward one for him.
DON'T BUY
Very difficult to be positive on the lifecos. Scaling back part of their life operations in the US. One of the key problems with lifecos is to invest their premiums while they’re suffering in the stock market. This will continue for the time being.