Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
January 9, 2019
The company has wrestled with getting all their assets humming. He sees other operators that are more consistent. He would rather pay more for a consistent management team. He feels they are stuck in the mud.
Yamana Gold Inc.(YRI-T)
January 9, 2019
The company has wrestled with getting all their assets humming. He sees other operators that are more consistent. He would rather pay more for a consistent management team. He feels they are stuck in the mud.
Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$3.280
Owned
No
WATCH
WATCH
January 9, 2019
A company that has struggled with large mines that take so long to get going. Rainy River has been their Achilles heel. They put out a good update, but one quarter does not make the mine. He wants to see several quarters of success. Patience is needed, but there is still significant risk for this project.
New Gold Inc.(NGD-T)
January 9, 2019
A company that has struggled with large mines that take so long to get going. Rainy River has been their Achilles heel. They put out a good update, but one quarter does not make the mine. He wants to see several quarters of success. Patience is needed, but there is still significant risk for this project.
Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$1.610
Owned
No
PAST TOP PICK
PAST TOP PICK
January 9, 2019
(A Top Pick Mar 08/18, Down 7%) Compared to the gold space in general the result is not disappointing. A small starter, low cost mine in Nova Scotia that he expects may eventually become an acquisition target. He wants to see them develop the project carefully. He will continue to hold it.
Atlantic Gold Corp(AGB-X)
January 9, 2019
(A Top Pick Mar 08/18, Down 7%) Compared to the gold space in general the result is not disappointing. A small starter, low cost mine in Nova Scotia that he expects may eventually become an acquisition target. He wants to see them develop the project carefully. He will continue to hold it.
Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$1.750
Owned
Yes
PAST TOP PICK
PAST TOP PICK
January 9, 2019
(A Top Pick Mar 08/18, Down 40%) Up to Q4 it was looking pretty good, but with differentials widening it got hammered. The stock price has not responded well since the differentials have tightened. He likes their low decline rate. They shut-in about 15% of their production. They did the prudent thing by cutting the dividend. He continues to hold it. Yield 5%.
Cardinal Energy Ltd(CJ-T)
January 9, 2019
(A Top Pick Mar 08/18, Down 40%) Up to Q4 it was looking pretty good, but with differentials widening it got hammered. The stock price has not responded well since the differentials have tightened. He likes their low decline rate. They shut-in about 15% of their production. They did the prudent thing by cutting the dividend. He continues to hold it. Yield 5%.
Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$2.340
Owned
Yes
PAST TOP PICK
PAST TOP PICK
January 9, 2019
(A Top Pick Mar 08/18, Down 8%) One of the biggest gas producers in Canada. He is surprised it has been as stable as it has. It has done a good job with hedging and market diversification. Still a core holding.
(A Top Pick Mar 08/18, Down 8%) One of the biggest gas producers in Canada. He is surprised it has been as stable as it has. It has done a good job with hedging and market diversification. Still a core holding.
Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$17.870
Owned
Yes
BUY
BUY
January 9, 2019
A premiere holding in the Canadian energy space and a core holding. They are now over the big capex spend for the Fort Hills project and now should benefit from free cash-flow for the next few years. He likes where they are positioned. They are more expensive than others and he likes the growing dividend. You buy this and tuck it away.
Suncor Energy Inc(SU-T)
January 9, 2019
A premiere holding in the Canadian energy space and a core holding. They are now over the big capex spend for the Fort Hills project and now should benefit from free cash-flow for the next few years. He likes where they are positioned. They are more expensive than others and he likes the growing dividend. You buy this and tuck it away.
Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$40.560
Owned
Yes
WAIT
WAIT
January 9, 2019
The success of the 20/20/20 goals on cost reductions and production and cash flow growth will be the real test. They are trying to increase transparency of their strategy, now can they prove up on the execution? He would rather pay a little more for more consistency.
Goldcorp Inc(G-T)
January 9, 2019
The success of the 20/20/20 goals on cost reductions and production and cash flow growth will be the real test. They are trying to increase transparency of their strategy, now can they prove up on the execution? He would rather pay a little more for more consistency.
Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$12.880
Owned
No