| BUY | | Cameco Corporation | CCO-T | 57.270 | Doesn't expect the cigar lake to get going until 2010-2012. But they are the largest uranium producer and has the worlds largest deposits, so they are confident they will get this going.
The key thing though is that they have long term contracts paying $35 a unit which are now rolling over and will continue to do that over the next 2 to 3 years. When they renew they will get the new prices which will give tons of cash flow.
Suggests buying a cross section of the companies in this sector, as some are getting new contracts currently, (Denison Mines Corp DML-T sxr Uranium One Inc. SXR-T) Signing contracts today with $90 floors and no ceilings.
| 2007-06-14 | |
| BUY | | Talisman Energy | TLM-T | 21.900 | Constant rumors around of a bust of of this company. He would own it, as a diversity to energy portfolio.
Still represents a reasonable value even though parts of it's portfolio are in politically unstable areas of the world.
Thinks $28-$30 in twelve months. | 2007-06-14 | |
| SELL | | Fairborne Energy Trust | FEL.UN-T | 9.290 | Sold most of their position. Will merge with it's corporate counterpart. Not much success with their drill bit. | 2007-06-14 | |
| TOP PICK | | Crescent Point Energy Trust | CPG.UN-T | 20.180 | Significant upside from here. They've identified 800 to 1000 drill locations which they will use over then next two years.
Risks are, commodity price risk, and seasonality in oil prices.
Buy it for the long term. | 2007-06-14 | |
| TOP PICK | | Canadian Natural Rsrcs | CNQ-T | 73.890 | Trading at a slight premium to it's peers, but has significant oil sands exposure, that isn't being valued in the price.
| 2007-06-14 | |
| TOP PICK | | Vermilion Energy Trust | VET.UN-T | 34.510 | A very strong management team. They've grown their business offshore, they've gone into France and Australia, and are adding barrels at half the cost of adding barrels in Canada. | 2007-06-14 | |
| TOP PICK | | Amgen Inc. | AMGN-Q | 55.730 | Under a cloud. Driven down because of generic drugs and imports from Canada. Medicare will be onerous. Powerful balance sheet. | 2004-07-16 | |
| TOP PICK | | Coca-Cola Company | KO-N | 50.580 | Powerful balance sheet. | 2004-07-16 | |
| TOP PICK | | Eli Lilly & Co. | LLY-N | 66.300 | Powerful balance sheet. | 2004-07-16 | |
| TOP PICK | | Interactive Data Corp | IDC-N | 16.990 | Powerful balance sheet. | 2004-07-16 | |
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