STOCKCHASE

0.020

You have a strong, steep yield curve, which is strongly simulative, Federal banks are fairly accommodative and earnings are growing. But we have had this big move off the bottom and then we have this pause, which is the market adjusting to lower rate of growth. Markets will not necessarily go sideways for an extended period. Emerging economies will lead us up. Is thinking of putting money back to work.

2010-07-27

BUY

Canacol Energy Ltd.

CNE-X

1.040

Quite likes it and it has a great chart. Columbia. Have a large inventory of exploration properties as well a some production properties. They have some momentum.

2010-07-27

Comment

Western Potash Corp.

WPX-X

0.445

Agriculture has been bouncing around the lows here but is shaping up quite nicely. He would want to do more research.

2010-07-27

BUY

Questerre Energy

QEC-T

3.090

They have some cash flow producing assets in Alberta and primary asset is in Quebec. Is Optimistic on Nat Gas. As hey drill more, that will help to “prove up the science project” and this will move the stock up.

2010-07-27

BUY

MagIndustries Corp.

MAA-T

0.350

Primary asset is a potash deposit in the Congo. This is their focus. Will be a low cost potash deposit. If you are patient, you will be rewarded.

2010-07-27

BUY on WEAKNESS

3.670

An attractive entry point into a gold stock. They are in production but are continuing to drill to increase their resource.

2010-07-27

BUY

Quadra FNX Mining Ltd

QUX-T

12.440

You have to believe in higher copper prices. Cash flow is fairly significant.

2010-07-27

PAST TOP PICK

Augusta Resource

AZC-T

1.810

(Top Pick Aug 20/09, Down 12%) Still likes the stock. They are not in production – 3 years out. Thesis remains the same.

2010-07-27

PAST TOP PICK

Mega Uranium Limited

MGA-T

0.530

(Top Pick Aug 20/09, Down 50%) They are not in production. Price of uranium was quite weak until a couple of weeks ago.

2010-07-27

PAST TOP PICK

Crowflight Minerals

CML-T

0.130

(Top Pick Aug 20/09, Down 40%) Still have an outstanding takeover offer. Investors are waiting to see if it is going to happen.

2010-07-27

BUY

Keegan Resources

KGN-T

5.110

Ghana, 2 projects. Hopefully will be in production in 3 years, but still doing drilling and expanding the size of it. It will probably continue to grind away here. Still some significant upside.

2010-07-27

Comment

Consolidated Thompson Iron Mines Ltd.

0.020

Uranium stocks in general: Not the most liquid market so once buyers decide to step in, they certainly drive the price up fairly quickly. Short term they are a little over bought. We are at a 14-month high. Long term they will do ok.

2010-07-27

BUY

Connacher Oil and Gas

CLL-T

1.440

Likes it. Reasonable entry point here. Have ability to grow their production in the oil sands.

2010-07-27

BUY

Paladin Resources

PDN-T

3.590

Large cap cash flowing producer. Risk is a lot less

2010-07-27

WEAK BUY

Hathor Exploration Ltd.

HAT-X

1.970

No cash flow, there is risk with exploration.

2010-07-27

BUY

Equinox MineralsLtd.

EQN-T

4.500

Copper and Uranium. They don’t talk much about their uranium property. They are a growing copper miner and ability to generate reasonable cash flow. Would like to see a bit of a pull back before buying.

2010-07-27

BUY on WEAKNESS

Ventana Gold Corp

VEN-T

6.660

Mineral rights had been an over hang. They have the ability to really grow the asset and somebody may want to take them out at some point.

2010-07-27

BUY

Eastern Platinum Ltd.

ELR-T

1.030

Likes it. Nears the price of platinum. South African producer. Likes the asset and production profile. Mostly used in auto sector and he thinks there will be significant growth.

2010-07-27

Comment

Galleon Energy Inc.

GO-T

4.140

Oil and Gas in Western Canada. Sold one of their large assets. Still looking at other options to raise cash.

2010-07-27

BUY

Uranium One Inc.

UUU-T

2.870

Likes the sector. Has not done much in the last couple of years. This one is a name that is known and has a good production profile.

2010-07-27

BUY

Souhern Pacific Resource

STP-T

1.020

Heavy oil in Alberta. Have cash flow and are quire reasonably valued. Production has potential to ramp up significantly over the next 2 to 3 years.

2010-07-27

BUY

Mercator Minerals Ltd.

ML-T

1.860

(Market Call Minute) Likes it. Good growth ahead of them.

2010-07-27

BUY

CLM-T

7.930

(Market Call Minute) Sold off with iron ore stocks. Nice bottom in it.

2010-07-27

BUY

Encana Corp

ECA-T

31.990

(Market Call Minute) Sell off was overdone. Likes focus on Nat Gas. This is a nice entry point.

2010-07-27

TOP PICK

Trinidad Drilling

TDG-T

5.350

They are quite technologically advanced. Their focus is on deep drilling. This allows them to have large customers with deep pockets and longer-term contracts. Cash flows that they will generate are easier to see. They are land based so the Gulf doesn’t affect them.

2010-07-27

TOP PICK

Uranium Participation Corp.

U-T

0.540

An easy way to play uranium. No production risk. Nice easy way to play it. 2 or 3-year hold. China's building of reactors is a part of the story.

2010-07-27

TOP PICK

Alange Energy Corp

ALE-X

0.375

Columbia. After 20-25 years of terrorist activity, it is now under control. They have secured a lot of land. Some in production.

2010-07-27

N/A

0.020

We are in a credible rally, a bull market. A lot of people still haven’t bought into the rally. Emerging market demand is increasing and one of the best ways to play that is through Canadian resource stocks. Gold is less economically sensitive, so not the best. He is fully invested. Focuses on companies that are growing production or resources.

2010-04-26

STRONG BUY

Cathedral Energy Services Income Trust

4.010

At an all time high. A lot of room left to go in this stock. They started with a deposit that has become significantly larger and they are now in production. It keeps getting better and better. You are going to see significant cash flows going forward.

2010-04-26

BUY

Yamana Gold Inc.

YRI-T

10.380

Great way to play gold if you are bullish on it. It’s certainly a safer way to play gold.

2010-04-26

BUY

Angle Energy Inc

NGL-T

8.450

Management has done a great job. Increased production 50% per year for 3 years. Bought undeveloped land cheap and then started to drill when prices rose. They have great drilling prospects going forward.

2010-04-26

BUY

Arcan Resources Ltd.

ARN-X

4.800

Starting to attract attention. Good risk/reward profile. All time high today. Explores and produces.

2010-04-26

BUY

Eastern Platinum Ltd.

ELR-T

1.570

Likes the space. There are very few ways to play it. Production profile is very strong. Always has been quite a liquid stock. Recovering automotive industry is one of the reasons it is doing well. Demand is rising. It’s more a pure play on Platinum.

2010-04-26

BUY

Ithaca Energy Inc.

IAE-X

2.890

Loves this stock. Story just keeps getting better. Just got financing to help develop more of their properties. Can double production over the next few years.

2010-04-26

BUY

Teck Resources Ltd. (B)

TCK.B-T

43.230

Some upside. Depends on your risk profile. Just re-instated dividend. Dividend funds may be re-visiting it. It speaks to management’s view of the economy going forward.

2010-04-26

BUY

Alange Energy Corp

ALE-X

0.530

Likes it. Columbia has attracted a lot of attention recently. This one has been consolidating. They good prospects ahead of them and there is some production. There are risks with Columbia but risk/reward us good at these levels.

2010-04-26

BUY

Ventana Gold Corp

VEN-T

9.300

Colombian gold company with a resource being developed. Dispute with owner of property, which has to be reconciled. Looks like a bit of a cash grab. There’s an overhang on the stock because of this land ownership issue. It could be a volatile stock.

2010-04-26

PAST TOP PICK

Vero Energy Inc.

VRO-T

7.020

(Top Pick Apr 24/09, Up 76%) Sold in January. Market looks frothy on a short-term basis.

2010-04-26

PAST TOP PICK

Uranium One Inc.

UUU-T

2.760

(Top Pick Apr 24/09, Down 17%) Price of uranium has gone sideways.

2010-04-26

PAST TOP PICK

CET-T

5.750

(Top Pick Apr 24/09, Up 21%) Continues to like it here. Prefers to their competitors. Management is quite good.

2010-04-26

BUY

Sterling Resources

SLG-X

2.470

Has owned in the past and is revisiting it. They have properties in the north sea. Likes it a lot with the production profile. Likes the prospects for the stock.

2010-04-26

BUY on WEAKNESS

Athabaska Oil Sands Corp

ATH-T

14.500

Was thought to be a hot IPO so they increased the number of shares sold and when it started to trade there were not as many buyers. Traders sold after IPO because it didn’t go up. In last 3 days it rebounded nicely. They have a massive resource. It is extremely attractive here. It interests him at these levels. Would like to get in 10-15% lower.

2010-04-26

BUY

Novus Energy

NVS-X

1.180

Focused on Viking play. Some pretty strong price performance. Viking play is just starting to get on the radar screen on investors. Is a producing company with cash flows.

2010-04-26

BUY

BlackPearl Resources Inc

PXX-T

3.210

On his radar screen. Investors are starting to really look hard at the value from these companies in these plays. There is significant upside.

2010-04-26

BUY

Canacol Energy Ltd.

CNE-X

0.790

Columbia has a lot of unexplored territory. There is a lot of low hanging fruit. Would buy more here.

2010-04-26

BUY

Sherritt International Corp.

S-T

21.750

Likes it. Just had a nice consolidation. Thinks there is more upside. No downside to the Cuba connection. If Cuba starts to open up they are well positioned.

2010-04-26

BUY

Amerigo Resources

ARG-T

0.930

Molly price has been good and copper has been strong. Quite optimistic on the price of Molly. This stock had a few problems before the recession, which they have resolved. They are starting to benefit from the higher prices of the commodities. Chili is relatively safe.

2010-04-26

HOLD

Grande Cache Coal Corp.

GCE-T

7.900

Stock has had a great run. Think there is some more run left here but if it starts to go down he will take some off the table. At some point the price of coal has to plateau. Would not buy here, as there are better risk/reward situations.

2010-04-26

DON'T BUY

Western Canadian Coal Corp.

WTN-T

6.630

There is some more upside in it. He has taken some off the table. On a risk/reward basis, it is not as attractive to him.

2010-04-26

BUY

Paladin Resources

PDN-T

3.570

Likes uranium. It has been bottoming for the last year or so. Uranium is going to benefit from the resource cycle. In the next one to two years you will be well rewarded.

2010-04-26

BUY

Taseko Mines Ltd.

TKO-T

6.030

(Market Call Minute)

2010-04-26

BUY

Osisko Exploration Ltd.

OSK-T

9.850

(Market Call Minute) Been going sideways and starting to re-accelerate.

2010-04-26

BUY

Potash Corp of Saskatchewan

POT-T

109.910

(Market Call Minute) Likes it. Putting a bottom right about here.

2010-04-26

TOP PICK

Twin Butte Energy

TBE-T

1.500

This was a turnaround situation. New Management, too much debt. They disposed of some assets they didn’t want. In a position to grow their production by 50% this year. Couple of projects they are planning on spending significant money on.

2010-04-26

TOP PICK

Corridor Resources Inc

CDH-T

6.100

Followed for years. Original story is a New Brunswick asset – gas play. They are producing now, generating significant cash flows. More drilling in June. It’s an asset play. They have some big money behind them.

2010-04-26

TOP PICK

Denison Mines Corp

DML-T

1.650

Just bought last week. Put a bottom in recently. Real story is Wheeler River prospect in Saskatchewan. Looks like the 6’th largest find in Athabaska. Significant upside still left. Could be a company maker.

2010-04-26

TOP PICK

Ithaca Energy Inc.

IAE-X

1.390

An oil producer in the North Sea. Great production profile. Ability to triple production over the next 3 or 4 years. No debt. Also have some exploration upside. On a valuation basis, they are trading at about half their peers.

2010-01-20

TOP PICK

MBAC Fertilizer Corp.

MBC-T

2.900

Agricultural company focused in Brazil. Has a phosphate deposit, which is expected to come Into production over the next few years. Also looking at other opportunities. Brazil is going to have to import fertilizer, so there is a cost advantage of producing in Brazil.

2010-01-20

TOP PICK

Delphi Energy Corp.

DEE-T

2.000

About 80% production is natural gas with about a 15% production growth. Also have a pretty strong drilling program over the next year. Also have some light oil exposure.

2010-01-20

PAST TOP PICK

Vero Energy Inc.

VRO-T

6.650

(A Top Pick Apr 4/09. Up 66%.) Just sold his holdings. Was getting overbought on a technical basis. Would buy again on weakness. About 80% natural gas and also has a Cardium oil play that is getting a lot of attention.

2010-01-20

PAST TOP PICK

Uranium One Inc.

UUU-T

3.520

(A Top Pick Apr 4/09. Up 6.7%.) Sold last year because of noises being made about how they got title to some of their properties in Kazakhstan. On his short list now and still considering.

2010-01-20

PAST TOP PICK

Cathedral Energy Services Income Trust

CET-T

5.800

(A Top Pick Apr 4/09. Up 22.1%.) Do a lot of horizontal drilling and businesses going quite well for them.

2010-01-20

BUY

Paladin Resources

PDN-T

3.800

Likes uranium but doesn't own a lot at the moment. Thinks it's setting up very nicely for the next 1 to 2 years. This one has a good growth production going forward. Have had a few stumbles while ramping up production but not unexpected.

2010-01-20

BUY

MagIndustries Corp.

MAA-T

0.520

Primary asset is potash deposit in the Congo. Working on a deal with Sino Hydro to take a stake. The value for the project is extremely low and should have a lot of upside in it. If this deal is not done, another one will be.

2010-01-20

BUY

Questerre Energy

QEC-T

3.780

Good management. Primary asset is their land holdings in Quebec lowlands. A shale gas play, extremely prospective. Partnered with Talisman (TLM-T). He is positive on natural gas.

2010-01-20

BUY

Sherritt International Corp.

S-T

6.710

Likes their coal and nickel exposure and are well positioned to benefit from the economic recovery.

2010-01-20

BUY

Canadian Quantum Energy Corp.

CQM-X

1.330

Has exposure to the shale gas play in the Quebec lowlands. Has a good shot to go back to its all-time high.

2010-01-20

BUY on WEAKNESS

Gran Tierra Energy Inc.

GTE-T

5.340

Oil/gas producer focused in Colombia. Has had a really good run so probably has to go through a period of consolidation. Have significant upside from drilling later this year. Wait for it to consolidate before buying.

2010-01-20

BUY

Precision Drilling

PD-T

9.500

Likes the oil/gas service sector and this is the largest public company. Sector has been ignored but with the pickup in natural gas this is a great way to play the resurgence.

2010-01-20

BUY on WEAKNESS

Fortuna Silver Mines

FVI-T

2.640

Silver producer in Mexico. Really good production profile going forward. With higher production combined with higher prices, cash flows can be quite significant. Currently overbought.

2010-01-20

BUY

0.020

Silver. Should go higher over the next few years. Currently positioned to outperform gold. With the economy continuing to accelerate, industrial commodities are going to be the beneficiary.

2010-01-20

Comment

Encana Corp

ECA-T

35.390

Thinks this will do quite well over the next 2 to 3 years. Prefers the smaller caps, which will give more opportunity.

2010-01-20

WATCH

3.650

Has been one of the great stories over the last few years. Their gold deposit keeps getting bigger and bigger with great grades and looks like it will continue to get bigger. He anticipates a rise in the US$ and expects gold will go sideways to down for the next few months.

2010-01-20

PARTIAL BUY

Ventana Gold Corp

VEN-T

7.290

Overhang on this stock is a land dispute in Colombia. Once this gets reconciled, stock should go a lot higher. Recommended buying this in stages.

2010-01-20

BUY

Thompson Creek Metals

TCM-T

14.660

Molybdenum producer. Not a lot of ways to play moly and this is one of the best producers. Molybdenum prices have started to rise in the last few months.

2010-01-20

BUY on WEAKNESS

Taseko Mines Ltd.

TKO-T

5.470

Copper and molybdenum exposure. A little overbought but on a pullback of 10%-15% he would start accumulating.

2010-01-20

BUY

Breakwater Resources

BWR-T

0.495

Zinc producer and tends to be the “go to” name. Favourably disposed to zinc over the next few years.

2010-01-20

BUY

Farallon Resources

FAN-T

0.600

Emerging Zinc producer. Favourably disposed to zinc over the next few years.

2010-01-20

BUY on WEAKNESS

Energold Drilling Corp.

EGD-X

2.610

Designed and developed a little portable mining drill that can get into tight areas. Likes it quite a bit but is a little overbought on the daily charts. Wait for a pullback.

2010-01-20

Comment

0.020

Likes Natural gas. A plentiful commodity, but it is in the ground and you have to get it out and it needs a high enough price to convince producers to get it out. Inventories have been coming down significantly. Suspects that over the next 6 months or so gas will go to $7 and even $8-$9 if it gets overdone.

2010-01-20

BUY

Galleon Energy Inc.

GO-T

5.460

Has been a bit of a laggard but thinks that energy over the first 6 months is poised to outperform. Sees oil in the $70-$90 range and all natural gas producers will benefit.

2010-01-20

BUY

Chinook Energy Inc

CKE-T

1.260

Saw an analyst increase estimates for the first time in 2 or 3 years. Doesn't have as much issue on their debt as everybody thinks. Poised to move significantly higher. On his short list.

2010-01-20

BUY

Talisman Energy

TLM-T

18.840

(Market Call Minute.) Likes their strategy of focusing on unconventional gas plays in North America and their whole asset program globally.

2010-01-20

BUY

Hudbay Minerals Inc.

HBM-T

13.980

(Market Call Minute.) Metals and mining sector should do reasonably well.

2010-01-20

BUY on WEAKNESS

Canacol Energy Ltd.

CNE-X

0.710

(Market Call Minute.) Colombian-based oil/gas. Have significant exploration upside along with some production growth. Had a good run so by on a pullback.

2010-01-20

DON'T BUY

Teck Resources Ltd. (B)

TCK.B-T

41.470

(Market Call Minute.) Had a good run. Would look for other opportunities.

2010-01-20

BUY on WEAKNESS

Crescent Point Energy Corp

0.020

Precious metals. Have had a good run and expects they may pull back but suspects we are in a period of out performance so would add on any pullbacks.

2009-11-30

BUY

Lake Shore Gold

LSG-T

4.050

Recently merged with West Timmins. The area is becoming very hot. Did a great job defining and developing their resource. A lot of smaller nearby plays are going to get a lot of attention as the structure extends quite a ways.

2009-11-30

BUY

Breakwater Resources

BWR-T

0.340

Best way to play a recovery in zinc prices. Pretty reasonable production profile. Debt is under control.

2009-11-30

BUY on WEAKNESS

Gran Tierra Energy Inc.

GTE-T

6.010

Oil/gas producer in Colombia where there is resurgence. Has a lot of prospect of the day from here. Would like a 10%-15% lower.

2009-11-30

HOLD

CPG-T

39.530

Have a lot of resource plays including the Bakken. Recently made an acquisition to expand their land holdings. Have a lot of low risk development production growth. Good risk/reward.

2009-11-30

BUY on WEAKNESS

PetroBakken Energy

PBN-T

30.130

Spin-off from Petrobank (PBG-T) and then did a merger. Lot of fanfare so wouldn't be surprised to see a bit of a pullback. Light oil exposure and great economics from the Bakken play makes it a market darling. Couple of resource gas plays in northeastern BC could be a wildcard down the road.

2009-11-30

HOLD

Encana Corp

ECA-T

56.570

Splitting their oil and gas assets into 2 separate companies. If you own, continue to hold as the split will allow each section to be properly valued and give a higher value. Could also be takeout targets.

2009-11-30

BUY