| Comment | | Hudbay Minerals Inc. | HBM-T | 13.180 | Whole year has been a tough market outside of a few areas. This company has suffered from this. Sitting on a lot of cash. Announced they were acquiring Skye Resources (SKR-T) (nickel in Guatemala) and they should add another leg of growth to this story. Not in production and will take some time. Later in 08 and into 09 the growth will be fine. | 2008-07-02 | |
| BUY on WEAKNESS | | Potash Corp of Saskatchewan | POT-T | 216.800 | Would wait for another 10%-15% down before buying. This year, agricultural stocks in general have been the hot sectors. In the current market environment, investors are taking profits. A fair amount of fear in the market, which will continue to rise, possibly over the next few weeks. | 2008-07-02 | |
| Comment | | Talisman Energy | TLM-T | 20.900 | Along with the rest of the market, people are taking profits on a lot of the commodity stocks. Relative to its peer group, it's cheap. There have been some questions about its growth strategy but he thinks it's a great strategy. | 2008-07-02 | |
| PARTIAL SELL | | Arc Energy Trust | AET.UN-T | 32.880 | Some of these stocks could correct another 10%-15%. From a longer-term perspective, he likes this one quite a bit. Have a significant exposure in the Monte area of B.C., which is a big resource play and will underpin some strong growth. 2010 and 2011 are very positive for the company. | 2008-07-02 | |
| Comment | | UTS Energy | UTS-T | 5.800 | Likes this stock from a longer-term perspective. Undergoing a process this year were they expect to make a production decision by the end of the 2008 along with their partners Teck Cominco (TCK.B-T) and Petro Canada (PCA-T). Once that decision is made they will need to raise some money and at that point, it may be a takeout target. | 2008-07-02 | |
| PARTIAL BUY | | Suncor Energy Inc | SU-T | 56.350 | The “dirty oil” story has been a big factor in a lot of the oil sands producers. Over the long term, things are going to be fine. There may be a little more downside but he would start picking away at this one. | 2008-07-02 | |
| HOLD | | Uranium One Inc. | UUU-T | 4.470 | Looks like uranium prices have bottomed. This is an emerging producer and has had some start-up issues. Paladin Resources (PDN-T) and Denison Mines (DML-T) are stronger stocks, but this one will get itself sorted out. | 2008-07-02 | |
| DON'T BUY | | Labrador Iron Ore | LIF.UN-T | 54.530 | Would be a little cautious right now seeing the growth scare in the market. Steel producers were down quite a bit today and he suspects that some of the iron ore producers would have the same weaknesses. | 2008-07-02 | |
| TOP PICK | | Oilexco Inc | OIL-T | 18.600 | As a growth manager looking for strongly growing companies, this one falls into this category. Have a number of various different projects that are starting to come on line and produce. Production is likely to triple over the next few years. Quite cheap at about 60% of its peer group. | 2008-07-02 | |
| TOP PICK | | Quadra Mining Ltd | QUA-T | 20.730 | Likes copper. There is a growth scare in the market right now but later this year and into 2009 copper will be very strong and probably one of the best performing commodities. Have one operating mine in Nevada with another coming on stream at the end of this year. Also have a project in Chile that could add some future growth down the line. Cheap at about two thirds valuation of its peer group. | 2008-07-02 | |
| TOP PICK | | Goldcorp Inc | G-T | 46.720 | Likes gold as a bit of a hedge but also seasonally, it's strongest period is from the first of July until the fall. This one has some of the strongest growth of large cap producers. Located in generally stable jurisdictions. | 2008-07-02 | |
| BUY | | Denison Mines Corp | DML-T | 8.630 | Looks like the uranium price has bottomed. This one, being an emerging producer, will have production growth. | 2008-07-02 | |
| BUY | | MagIndustries Corp. | MAA-X | 3.280 | A potash deposit in the Republic of Congo. Just announced an off take agreement and will start producing in 2011. Will also be IPOing their potash division later this month, which should generate some value in MagIndustries. | 2008-07-02 | |
| BUY | | Yamana Gold Inc. | YRI-T | 16.330 | Golds strongest period seasonably is from the first of July until the fall. Strong production profile. Not cheap, but the production growth is there. | 2008-07-02 | |
| BUY | | Sherwood Copper Corporation | SWC-X | 5.100 | Copper producer with some gold. Commissioned a mine in the late quarter of 2007 and are just increasing production on it. Growing production. | 2008-07-02 | |
| TOP PICK | | Phoenix Technology Income Fund | PHX.UN-T | 14.600 | Due to high oil/gas prices, demand for services is going to be very strong. This one has horizontal drilling technology. | 2008-05-29 | |
| TOP PICK | | Cathay Forest Products Corp. | CFZ-X | 0.920 | Tree farms in China. Have fast growing poplar trees and will start increasing the harvesting significantly later this year. Going from a company making no money to one that is generating a lot of cash and earnings starting in 2009. About 20% of the market value is in cash. | 2008-05-29 | |
| TOP PICK | | MagIndustries Corp. | MAA-X | 3.040 | Potash deposit in the Republic of Congo will come into production in 2011/2012. Valuation of the potash division exceeds the valuation of all of Magindustries as a whole. This division will be spun out in a month or two. | 2008-05-29 | |
| Comment | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Energy: In the short term wouldn't be surprised to see oil pullback to $100-$110 and this would be a buying opportunity. | 2008-05-29 | |
| Comment | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Inflation: Not a big believer in the inflationary arguments. The housing bubble deflating in the US is a deflationary event. Inflation is a trailing indicator. Also, unless inflation is seen in wages, it won't be a concern on a broader level. | 2008-05-29 | |
| WAIT | | Falcon Oil & Gas | FO-X | 1.080 | On his radar screen. Deposit in Hungary looks quite sizable and could be extremely prospective to him. Very expensive drilling as it is very deep. Recently announced a joint venture with Exxon Mobil (XOM-N), which got the stock recovering off its lows. Stock may pause for a while because of an absence of news flow. They will not be doing any drilling till late this year or early next. Consider buying later this summer before drilling starts. | 2008-05-29 | |
| BUY on WEAKNESS | | Iteration Energy | ITX-T | 7.600 | Natural gas producer in Western Canada. Could be a pullback in energy, which would make a good buying opportunity. Have some great volume growth ahead of them. Valuation is quite reasonable. | 2008-05-29 | |
| BUY | | High River Gold Mines | HRG-T | 1.690 | Have suffered over the last few months. Announced that costs had increased significantly. Expects the costs to decline as production ramps up. Good entry point. Operating in Russia and Burkina Faso increases their overhead costs. | 2008-05-29 | |
| BUY | | Quadra Mining Ltd | QUA-T | 21.800 | Copper producer in the US. A Buy and Hold. Good production profile. One mine has just come on stream and another one will be starting in a year and a half or so so there is good production growth profile. | 2008-05-29 | |
| BUY | | Oilexco Inc | OIL-T | 15.380 | Oil producer in the North Sea. Quite a cheap stock, but it is entering a period where production is ramping up significantly. Significantly undervalued. | 2008-05-29 | |
| BUY | | Gastem Inc | GMR-X | 3.480 | Went up recently because it has an interest in the Utica shale in the Quebec lowlands. Little early to put hard numbers to it but it has certainly gone from being an economic to potentially hugely economic. Drilling will start in their New York properties in June and Quebec properties later this summer. | 2008-05-29 | |
| HOLD | | Grande Cache Coal Corp. | GCE-T | 8.500 | Price of coal has virtually tripled over the last year. People believe the price will stay at its current level for an extra year. This generates huge cash flows. You could buy a little bit here, but it has had a good run and there could be some profit taking before it goes higher. | 2008-05-29 | |
| Comment | | Teck Cominco Ltd. (B) | TCK.B-T | 47.410 | Will be a big beneficiary of higher copper prices. From a liquidity and volatility point of view it is a comfortable stock for people to own. | 2008-05-29 | |
| WATCH | | Skye Resources | SKR-T | 7.660 | Phoenix nickel project in Guatemala was temporarily been put on hold, as they couldn't arrange financing. Very cheap. | 2008-05-29 | |
| Comment | | Talisman Energy | TLM-T | 22.710 | Stock could be up 50% or so in the next year. The refocusing of the company is going to help improve people's view of the company. | 2008-05-29 | |
| DON'T BUY | | FNX Mining Company | FNX-T | 22.500 | Could be a candidate for consolidation. Would like to see the price of nickel stabilize before buying. | 2008-05-29 | |
| BUY | | Phoscan Chemical Corp. | FOS-X | 1.950 | Phosphate deposit in northern Ontario. Will benefit from the high price of fertilizer. | 2008-05-29 | |
| BUY | | Questerre Energy | QEC-T | 4.940 | Has some exposure to the Quebec Utica Shale deposit. There will be a lot of value delivered out of that play. Have some production a West and also a few other resource plays. | 2008-05-29 | |
| BUY | | Thompson Creek Metals | TCM-T | 21.080 | Molybdenum producer. Good production profile. Just had a feasibility study on their Davidson deposit and will likely make a production decision this quarter or early next quarter. | 2008-05-29 | |
| WAIT | | Yamana Gold Inc. | YRI-T | 14.670 | Has a reasonable valuation and strong growth. Good growth track record. He has reduced his position in golds. Seasonally it is a weaker period of the year. Would look for a better entry point in late June or early July. | 2008-05-29 | |
| HOLD | | Uranium One Inc. | UUU-T | 4.860 | Emerging uranium producer. Had a few hiccups in ramping up their production. Think they will get it together and have things running smoothly. Suspects we are probably close to a low on the price of uranium. | 2008-05-29 | |
| BUY | | TriStar Oil & Gas | TOG-T | 17.550 | They are in the Bakken play in Manitoba, the new hot spot. Thinks the stock will go a lot higher. | 2008-05-29 | |
| BUY | | Duvernay Oil Corp | DDV-T | 55.780 | Great land position and very high leverage to the price of natural gas. He is very bullish on natural gas. | 2008-05-29 | |
| HOLD | | Paladin Resources | PDN-T | 5.540 | An emerging uranium producer. Has been hit by the lower price of uranium. Believes uranium is close to bottoming here. Their growing production will increase cash flows going forward. | 2008-05-29 | |
| BUY | | Encana Corp | ECA-T | 88.410 | (Market Call Minute.) Oil and gas prices are going higher. There is great value in the stock relative to the price of the commodity. Recent decision to split the company will surface value. | 2008-05-29 | |
| BUY | | Scorpio Mining Corp. | SPM-T | 1.240 | (Market Call Minute.) Emerging silver producer in Mexico. Has a growing production profile and should get some attention here. | 2008-05-29 | |
| BUY | | Galleon Energy Inc. (A) | GO.A-T | 17.380 | (Market Call Minute.) Natural gas. Going higher. Great land base to grow their production. | 2008-05-29 | |
| HOLD | | Linear Gold Corp. | LRR-T | 2.170 | (Market Call Minute.) Have a significant amount of money in cash. Joint ventured their main project so the issue is what will be the catalyst. | 2008-05-29 | |
| BUY | | Bombardier Inc (B) | BBD.B-T | 14.850 | Expects air craft deliveries will pick up. At a good price. | 2002-01-24 | |
| BUY | | Imperial Oil | IMO-T | 42.230 | A conservative way to play the oil sector. When oil/gas moves up, they won't grow as fast, so sell at that time and move into more growth stocks. Good dividend. | 2002-01-24 | |
| DON'T BUY | | Emergis Inc. | EME-T | 33.790 | Some question marks on this stock. | 2002-01-24 | |
| DON'T BUY | | Bell Canada International | BI.H-X | 0.430 | Too much delution of the stock. Risky. | 2002-01-24 | |
| DON'T BUY | | Biovail Corp. | BVF-T | 81.600 | Management is trying to paint too rosy a picture. | 2002-01-24 | |
| DON'T BUY | | Thomson Reuters Corp | TRI-T | 48.320 | Great company, but hasn't been able to deliver. Wait and see. | 2002-01-24 | |
| DON'T BUY | | JDS Uniphase | JDU-T | 15.570 | Good company, but there is too much excess capacity. | 2002-01-24 | |
| DON'T BUY | | Bank of Montreal | BMO-T | 36.690 | Weak earnings. Directionless. Only upside would be a merger. | 2002-01-24 | |
| DON'T BUY | | Quebecor Inc (B) | QBR.B-T | 20.450 | Had a change in management and has a big debt load. | 2002-01-24 | |
| DON'T BUY | | Sherrit | S-T | 4.200 | Will always suffer because of the Cuban assets. | 2002-01-24 | |
| PAST TOP PICK | | Power Financial Corp | PWF-T | 36.800 | (Was a top pick on Nov 22 up 4%) Still likes. A long term hold. | 2002-01-24 | |
| TOP PICK | | Suncor Energy Inc | SU-T | 48.250 | A class company. A lot of reserves. Makes money even with low oil prices. | 2002-01-24 | |
| TOP PICK | | Magna Int'l. (A) | MG.A-T | 100.900 | Doing well in a tough environment. Not much debt. Cheap stock. | 2002-01-24 | |
| TOP PICK | | Microsoft | MSFT-Q | 64.600 | Has remained steady during the tech turn down. Has 36 billion in cash and growing about one billion a month. What will they do with the money? Maybe a share buy back? | 2002-01-24 | |
| WEAK BUY | | National Bank of Canada | NA-T | 29.850 | Trades at a lower multiple than other banks because of Quebec exposure, Good bank. | 2002-01-24 | |
| BUY | | Canadian National R.R. | CNR-T | 71.350 | Low operation costs and fuel costs have dropped. | 2001-11-19 | |
| BUY | | Loblaws | L-T | 50.250 | A premier company. | 2001-11-19 | |
| BUY | | Westjet Airlines | WJA-T | 20.120 | Prefers over AC. More flexible on weakened demands. | 2001-11-19 | |
| BUY | | A Comment -- General Comments From an Expert | A Commentary | 26.650 | May pause, but still sees growth ahead. | 2001-11-19 | |
| BUY | | Quebecor World | IQW-N | 34.550 | Good management. Very good price. | 2001-11-19 | |
| BUY | | Canadian Pacific Ships | TEU-T | 16.750 | Had good growth. | 2001-11-19 | |
| BUY | | Descartes | DSG-T | 10.850 | Expects good numbers. | 2001-11-19 | |
| BUY | | Canadian Pacific Rail | CP-T | 32.200 | Expects it to grow over the next year. | 2001-11-19 | |
| BUY | | CAE Inc | CAE-T | 10.530 | Getting contracts and has a backlog of orders. | 2001-11-19 | |
| DON'T BUY | | Sobeys | SBY-T | 24.070 | Wait to see if numbers improve. | 2001-11-19 | |
| DON'T BUY | | A Comment -- General Comments From an Expert | A Commentary | 5.550 | Too much risk and debt. | 2001-11-19 | |
| DON'T BUY | | Hudson Bay Co. | HBC-T | 14.630 | Not sure of consumer spending. | 2001-11-19 | |
| DON'T BUY | | Nortel | NT-T | 13.430 | Tough to call at this time. | 2001-11-19 | |
| DON'T BUY | | Royal Group Tech. | RYG-T | 25.540 | Has concerns on the company. | 2001-11-19 | |
| DON'T BUY | | JDS Uniphase | JDU-T | 23.500 | Concerned on the valuation. Market is too volatile. | 2001-11-19 | |
| DON'T BUY | | Transat A.T. Inc (A) | TRZ.A-T | 8.610 | Travel is down, so have caution. | 2001-11-19 | |
| DON'T BUY | | Bank of Montreal | BMO-T | 36.250 | Concerns about credit risks. If interest rates start to climb, they'll be weaker. | 2001-11-19 | |
| DON'T BUY | | Bank of Nova Scotia | BNS-T | 49.100 | Concerns about credit risks. If interest rates start to climb, they'll be weaker. | 2001-11-19 | |
| DON'T BUY | | Canadian Imperial Bank of Commerce | CM-T | 54.100 | Concerns about credit risks. If interest rates start to climb, they'll be weaker. | 2001-11-19 | |
| DON'T BUY | | Royal Bank | RY-T | 48.800 | Concerns about credit risks. If interest rates start to climb, they'll be weaker. | 2001-11-19 | |
| DON'T BUY | | Toronto Dominion | TD-T | 38.760 | Concerns about credit risks. If interest rates start to climb, they'll be weaker. | 2001-11-19 | |
| DON'T BUY | | ATI Technologies | ATY-T | 15.360 | A little high now. | 2001-11-19 | |
| TOP PICK | | Kingsway Financial Services | KFS-T | 17.010 | Competition is falling. | 2001-11-19 | |
| TOP PICK | | Teck Cominco Ltd. (B) | TCK.B-T | 11.300 | Long term play. Low debt. Good production growth. | 2001-11-19 | |
| TOP PICK | | Agnico-Eagle Mines | AEM-T | 14.350 | Good production. Good reserves. | 2001-11-19 | |
| WEAK BUY | | SMTC Manufacturing | SMX-T | 2.850 | Have gotten a few contracts. Caution. | 2001-11-19 | |
| WEAK BUY | | Sears Canada | SCC-T | 18.850 | Cautious on retailers, but should do well. | 2001-11-19 | |
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