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| John Stephenson of First Asset Investment Management |
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| PARTIAL SELL | Connacher Oil and Gas | CLL-T | 0.760 | Received an unsolicited offer recently, which they were not interested in. There has been a little resurgence of late because of the speculative thought. He thinks it highlights an exit strategy for this company. Relatively high amount of debt and disappointing production so far. If you own, look to lighten up over time. | 2011-12-23 | ||
| TOP PICK | Canadian Natural Rsrcs | CNQ-T | 37.770 | Been in the penalty box for a little while. Had a few problems last year with the upgrader fire, but if you believe in the oil story, it only gets better from here. Has at least 20%-25% upside over the next year and is relatively stable. | 2011-12-23 | ||
| Comment | Eldorado Gold | ELD-T | 14.590 | Recently bid for European Goldfields, which has made investors absolutely furious. This would give them base metal exposure and puts them into Greece and other jurisdictions. One of the overhangs of this stock was there Turkish and Chinese exposures. When the deal closes in February would be a good time to consider. Still thinks of it as a good company. | 2011-12-23 | ||
| PAST TOP PICK | Enbridge | ENB-T | 37.600 | (A Top Pick Nov 26/10. Up 37.36%.) | 2011-12-23 | ||
| HOLD | Veresen Inc | VSN-T | 15.350 | Few better places that he would recommend then this one, principally because of their 50% ownership stake in Alliance Pipeline that goes into Chicago. A lot of the issues revolve around whether they will be able to re-contract Aux Sable, the fractionation plant at the same rate, when their contracts roll over in next year. | 2011-12-23 | ||
| PAST TOP PICK | Halliburton Co | HAL-N | 33.800 | (A Top Pick Nov 26/10. Down 6.98%.)Sold his holdings at a profit. | 2011-12-23 | ||
| HOLD | Ivanhoe Energy | IE-T | 1.020 | Not a lot of upside on this story. A bit of a grab bag on technologies and areas it is producing from such as California and Mongolia. It's all over the map. If you own, ride it up a bit and then start selling it. | 2011-12-23 | ||
| HOLD | Ivanhoe Mines | IVN-T | 18.310 | People were holding this on the basis that Freedland would sell his remaining stake to Rio Tinto (RIO-N). There was a recent judgment that Rio Tinto can continue to January 18th to start taking and slowly creeping ahead above the 49.6% stake they have. Clearly they don't need much to get control. A Buy at the $14 level. | 2011-12-23 | ||
| PAST TOP PICK | Schlumberger Ltd. | SLB-N | 69.140 | (A Top Pick Nov 26/10. Down 9.16%.) Sold his holdings at a profit. | 2011-12-23 | ||
| HOLD | Uranium One Inc. | UUU-T | 2.130 | Probably your “go to” name in the sector. While uranium has crept up in terms of price per pound over the last couple of months, it is hard to see visibility going forward. The fast-growing story for uranium is China but a lot of that issue has been purchased already. | 2011-12-23 | ||
| TOP PICK | Calfrac Well Services Ltd | CFW-T | 28.570 | They are in all the important basins and are one of the “go to” names. Management and directors on 25%. Trading at 2.6X to 3X EBITDA, so very cheap. | 2011-12-23 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Commodities. There are probably 2 or 3 that really stand out as being attractive including copper. Mine supply will not keep up with demand. In 2009 Chile, the #1 producer increased their production by around 60,000 pounds in that year alone but China demanded almost 1,000,000. Diamonds and silver look attractive. Oil will be the 2nd one and gold would be another one. Weak ones would include natural gas, aluminum and the weaker camp could even include nickel and zinc. | 2011-12-23 | ||
| HOLD | Petrominerales Ltd. | PMG-T | 16.950 | The bloom is off the rose for some of the Colombian producers but this has the potential to go back. This is a good one. Hold on until you get into the $20's and then start lightening up. | 2011-12-23 | ||
| Comment | BlackPearl Resources Inc | PXX-T | 4.360 | Likes their several catalysts of growth. Possible secondary and tertiary recovery approval at Onion Lake, which means that with their several areas of development that they have now, if any one of them hits, you are going to see 20%-25% production growth next year. Pretty safe name and well-regarded. | 2011-12-23 | ||
| BUY on WEAKNESS | PetroBakken Energy | PBN-T | 13.020 | Has been a real dog over the last year. Worries about a cut in the dividend may have been the principal reason. Also had some production related issues. Instituted a DRIP program so he feels they have kind of papered over the problem. Wouldn't buy it here, but if you could get it at $10 it could look attractive. Keep in mind that they have an enormous amount of convertible bonds that roll over in 2013. | 2011-12-23 | ||
| HOLD | WestFire Energy | WFE-T | 5.680 | Really cheap and trades at half of any of its peers. The board just announced a strategic review and he thinks it was a smart move and will surface some value. | 2011-12-23 | ||
| TOP PICK | Canyon Services Group | FRC-T | 12.270 | Smaller name in the space but are dedicated all to pressure pumping. Pretty much have a brand-new fleet. Expanding the horsepower dramatically. Bearish on natural gas but the industry is moving to liquid rich natural gas plays which increases service intensity which is very good for this company. Also have a modest dividend. Worth $19. | 2011-12-23 | ||
| TOP PICK | Algonquin Power & Utilities Corp | AQN-T | 5.770 | Relatively small cap name. This is a good time to be thinking defence. Decent organic growth but has been very effective at small tuck-in acquisitions of regulated utilities throughout the US. Partnership with Emerus (?) which is positive. Free cash flow yield. Dividend yield of over 5%. | 2011-11-15 | ||
| BUY | Bonterra Energy Corp | BNE-T | 49.710 | This is one that you can hold and will be well rewarded. At this price it looks reasonable. | 2011-11-15 | ||
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| TOP PICK | Eldorado Gold | ELD-T | 19.550 | Mid-tier pure gold producer. Has incredible growth over the next 3 to 4 years, will double production. A little more geopolitical risk being in China and Turkey, but it is diversifying moving into Brazil as well. | 2011-11-15 | ||
| PAST TOP PICK | Enbridge | ENB-T | 34.820 | (A Top Pick Nov 26/10. Up 27.08%.) Would still continue to hold this one. Now starting to favour TransCanada (TRP-T) at this point. | 2011-11-15 | ||
| TOP PICK | Goldcorp Inc | G-T | 54.150 | In terms of a senior name, it has the lowest cash cost of roughly $550 versus the industry average of $875 or so. Very strong production growth going forward. It is also the largest silver producer. | 2011-11-15 | ||
| PAST TOP PICK | Halliburton Co | HAL-N | 38.910 | (A Top Pick Nov 26/10. Up 6.28%.) | 2011-11-15 | ||
| HOLD | Ivanhoe Mines | IVN-T | 22.530 | Fairly valued at this point. There is no doubt that Rio Tinto (RIO-N) would like to buy controlling interest. Presently owns 49%. There are several lawsuits floating around. | 2011-11-15 | ||
| Comment | Kinder Morgan Energy | KMP-N | 75.850 | His worry is that it is not that big a sector in the overall market yet but if it grows it could be a similar situation with the income trusts in Canada. US government may step in and say this is a tax dodge for corporations and could shut it down. | 2011-11-15 | ||
| BUY | Potash Corp of Saskatchewan | POT-T | 46.890 | Many people think there is a lot of upside in this name. It's one of the critical nutrients and we have missed a cycle or 2 of application. Likes the fundamentals for the agricultural names. | 2011-11-15 | ||
| HOLD | Provident Energy Ltd | PVE-T | 9.640 | Mid-streamer. Takes the liquids out of the gas stream and sells it at a price closer to oil. Earnings are kind of at the top of it's cycle. A Hold not a Buy but he likes the name. Yield of 5.6%. | 2011-11-15 | ||
| PAST TOP PICK | Schlumberger Ltd. | SLB-N | 75.970 | (A Top Pick Nov 26/10. Up 0.57%.) | 2011-11-15 | ||
| HOLD | Suncor Energy Inc | SU-T | 32.260 | One of the premium names in the oil/gas field. Has had a few issues such as the pullback in oil prices and the integration of PetroCan. Still a very strong story. It will be well above the $46 level in time in the next 5 years. | 2011-11-15 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Oil. Expects oil will hit $200 in the foreseeable future. There is tepid growth right now. Industry has not invested enough to keep up. $38 trillion is needed now and in the next 25 years just to keep oil prices where they are now. | 2011-11-15 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Copper. Of all the metals, the fundamentals are most supportive for copper. We have a mine deficit in 2012 so supply will not meet demand in 2012 through mine production. New production will be delayed until 2013 on. Thinks the price will go well above $4 next year. | 2011-11-15 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets. A good time to be thinking defence. We have choppy markets driven by Europe and will likely have that for the next 6 months to a year. | 2011-11-15 | ||
| DON'T BUY | Silvercorp Metals Inc. | SVM-T | 8.780 | Involved in allegations of potential accounting fraud with another Chinese company active in China. They were cleared of all of it but he doesn't see any strong catalyst. The overhang from the investigation will weigh on the stock for some time. | 2011-11-15 | ||
| BUY | Petrominerales Ltd. | PMG-T | 22.500 | Had a pretty good last quarter. Valuation is much better and you could wade in and be relatively safe. Downside would be fairly modest at this point but considerable upside. | 2011-11-15 | ||
| BUY | Pacific Rubiales Energy Corp. | PRE-T | 20.870 | There are a couple of overhangs on this stock. Infrastructure challenges in Colombia, labour issues and permitting. At this price and valuation it is attractive. | 2011-11-15 | ||
| BUY | Ithaca Energy Inc. | IAE-T | 2.280 | North Sea oil. Just had new royalty structure, which is an issue for them. Production strength is very strong going forward. WestFire (WFE-T) or Legacy (LEG-T) would be better but this is a good name. | 2011-11-15 | ||
| DON'T BUY | PetroBakken Energy | PBN-T | 9.680 | Not bullish on this company or its parent Petrobank (PBG-T). Both companies are challenged. There is some real concern. Has overpromised and under delivered. If you own a, you can continue to hold for a better exit point. | 2011-11-15 | ||
| PAST TOP PICK | BP PLC | BP-N | 36.430 | (Top Pick Sep 21/10, Down 1.82%) Had a bit of a run and then had to right size their production. He made some money. | 2011-09-28 | ||
| DON'T BUY | Freehold Royalties | FRU-T | 16.330 | Large dividend, what’s the catch? It is over distributing and so it could get cut. Be cautious on this name. Prefers ARC or BTE as safer. | 2011-09-28 | ||
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| PAST TOP PICK | Halliburton Co | HAL-N | 32.470 | (Top Pick Sep 21/10, Up 4.67%) Likes it and it is a great time to come back into it. Would wait to get back in. When the cycle turns this is one of the first you want to go back into | 2011-09-28 | ||
| TOP PICK | Innergex Renewable Energy | INE-T | 9.250 | Something that has modest growth ahead of it. Independent, fully contracted power producer. No exposure to fuel risk. Very stable, 6.3% yield. | 2011-09-28 | ||
| DON'T BUY | Methanex Corp | MX-T | 21.890 | Highly dependent on the global economy. Plant in Chili is not fully utilized. It is not the time to be buying it. Pass on this name. | 2011-09-28 | ||
| TOP PICK | Northland Power Inc | NPI-T | 16.000 | Building projects to double cash flow in 4 years time. Very stable and conservative. | 2011-09-28 | ||
| HOLD | Superior Plus Corp | SPB-T | 8.750 | You will probably be alright. The issue is there are several business units, the dominant on of which is propane and has some seasonality with it. It just got thrown out with the bath water. Not a tremendous upside but you are OK on the dividend. | 2011-09-28 | ||
| HOLD | Teck Resources Ltd. (B) | TCK.B-T | 30.400 | Name that you should own in general. 60% meteorological coal. Will double its copper by 2018. Strong growth but it is trading at half its net asset value. It is cheap but we are into a period of time where things are looking a little dicey. It will be a survivor. You probably can get it a little cheaper. | 2011-09-28 | ||
| SELL | Talisman Energy | TLM-T | 12.970 | Inexpensive stock. A value play and many people are attractive to it. Management has stubbed its tow a bit, not delivering on its strategy. They have a lot of things on their plate. They need to have a few good projects and to deliver on it. Losing institutional investor interest. | 2011-09-28 | ||
| STRONG BUY | Trans Canada Corp | TRP-T | 42.720 | Well governed and a benchmark name and should be owned by every Canadian. A defensive name. A lot of growth prospects. First class operator and you want to hold it for stable growth and dividend. The overhang is that it is fairly likely that Keystone gets approved. | 2011-09-28 | ||
| BUY | Baytex Energy Corp | BTE-T | 42.990 | Has outperformed CPG. He likes them both. IN this environment CPG will be more volatile. BTE because of dividend and strong growth prospects would have to be the one he recommends. | 2011-09-28 | ||
| HOLD | Great Basin Gold | GBG-T | 1.760 | Attractive from a valuation standpoint. Worry is the South African component of their mining. Gold miners have lagged the commodity quite badly until a week or so ago. He has a bearish view on Commodities at the moment until the EU problem is resolved. Prefers OSK. Stress safety. Stay away from juniors and intermediates. | 2011-09-28 | ||
| DON'T BUY | Lake Shore Gold | LSG-T | 1.330 | A decent name but look at the large cap names in this space right now. Prefers G-T or ABX-T | 2011-09-28 | ||
| BUY | Total SA | TOT-N | 43.670 | Good name to consider but he prefers Royal Dutch Shell. But Total is a fine place to park a bit of money. | 2011-09-28 | ||
| HOLD | Taseko Mines Ltd. | TKO-T | 2.760 | Base metal prices are falling. Not a good sign. He would be cautious. | 2011-09-28 | ||
| HOLD | Grande Cache Coal Corp. | GCE-T | 4.980 | Meteorological coal used in steel making. Cheap as a stock. Misses in terms of production and guidance issues. There is a consolidation theme in the industry. It could be a takeover target. But he still thinks it is a little risky. | 2011-09-28 | ||
| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets: Defensive themes stressed. Reality is that Europe has huge problems. Issue is whether Europe can come up with a large enough stability fund that it addresses all of the market’s worries. They are not all singing from the same hymnbook. Greece is spending more money than last year and economy is slowing from last year. More Carnage is possible in October. The risk is that you are not defensively prepared. There will be some sort of government intervention but this time round they are all heavily indebted. We don’t know who will be the last entity standing. Commodities will be weak until all of this is resolved. | 2011-09-28 | ||
| HOLD | Hudbay Minerals Inc. | HBM-T | 10.370 | Generally a name he likes. New CEO has done a good job of focusing the company. Increasing revenue from copper. Lots of cash. But stock has gone sideways and will continue. Good defensive name. | 2011-09-28 | ||
| HOLD | Daylight Energy Ltd | DAY-T (Dead) | 5.470 | Dividend is reasonably safe. If you want to enter a former royalty trust you could buy Arc or Baytex. This may not be the time in the cycle you want to aggressively get into it. | 2011-09-28 | ||
| DON'T BUY | Paladin Resources | PDN-T | 1.170 | Commodity itself has been on the weak side. The broader headline is that PDN had to struggle to meet its production guidance. 6-year low. Prefers UUU, or CCO. | 2011-09-28 | ||
| PAST TOP PICK | Penn West Petroleum | PWT-T | 16.000 | (Top Pick Sep 21/10, Down 12.89%) He made a profit on it when he sold. They did some innovated deals. | 2011-09-28 | ||
| HOLD | Vero Energy Inc. | VRO-T | 2.640 | 70% gas weighted. Not very bullish on gas so hold. | 2011-09-28 | ||
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| HOLD | Zargon Oil & Gas Ltd | ZAR-T | 13.460 | Cut in dividend didn’t help but it is a hold. Not tremendous upside to it. Prefers large cap – ARC, BTE, etc. | 2011-09-28 | ||
| TOP PICK | CASH | CASH | 0.010 | Is king. Not exciting and not a 10 bagger. There is some serious downside risk. He is more than 70% cash personally. Wants to be one of the guys buying at the bottom. | 2011-09-28 | ||
| DON'T BUY | Western Potash | WPX-T | 0.930 | Most people think this is a pretty good name. Huge cost in building a potash mine. Theirs would be a little cheaper than a traditional mine. Cap X will be hard to come by. It will be tough for it to get visibility to investors. | 2011-09-28 | ||
| DON'T BUY | Legacy Oil + Gas Inc. | LEG-T | 8.590 | Likes the name. Few miss-steps but in general a good name and people are well disposed to it. In a normal you should feel comfortable buying it but given that you could walk into a SU and it is cheap too and is a large cap and senior he would prefer that. | 2011-09-28 | ||
| WAIT | PetroBakken Energy | PBN-T | 8.190 | Will probably not survive in its current form. Will at last have to sell some assets. Eventually the dividend could get cut. He doesn’t see how it goes forward in its current form. | 2011-09-28 | ||
| BUY | Athabaska Oil Sands Corp | ATH-T | 10.910 | Cheap, enormous land area. Yes, buy this name. | 2011-09-28 | ||
| DON'T BUY | Allana Potash Corp | AAA-T | 0.970 | Most people under estimate how expensive it is to bring on potash discoveries. Be cautious at this point in the cycle because it is a junior that is not producing | 2011-09-28 | ||
| BUY | Altagas Ltd | ALA-T | 26.600 | His forecast is for the payout to be below 100% payout in 2013 and below 80% in 2014. Couple of major projects coming on. A core holding. Likes the name and it is trending in the right direction. | 2011-07-18 | ||
| HOLD | Connacher Oil and Gas | CLL-T | 1.030 | Probably will trend up. He has a hold on this. Spotty record and high levels of debt. Be cautious on names that have a high level of debt given problems with US and European debt. | 2011-07-18 | ||
| BUY on WEAKNESS | Canadian Natural Rsrcs | CNQ-T | 39.490 | A terrific name. He would be a buyer on dips. A core holding for him. Great potential. Horizon. Number 2 in Gas so if it starts to increase this one will benefit. Oil will slowly march higher over time. Solid growth over time. | 2011-07-18 | ||
| STRONG BUY | Chevron Texaco | CVX-N | 106.230 | Really likes the name. 70% oil weighted and he is bullish on oil but not gas. They are selling Brent, which is a $10 premium. | 2011-07-18 | ||
| TOP PICK | Eldorado Gold | ELD-T | 17.690 | All the gold names have seen compression in multiple. This one was hit the hardest. Doubling production in the next 4 years. Diversified in Turkey, Greece and China. Pure play gold name. | 2011-07-18 | ||
| PAST TOP PICK | Brookfield Renewable Energy | BEP.UN-T | 23.200 | (Top Pick Jul 23/10, Up 19.80 Total Return) Independent power producer. They have the best land and ‘they aren’t making any more rivers’. Steady, yield, very little variability in cash flows. This is a prudent way to go. 20-25 year contracts. | 2011-07-18 | ||
| TOP PICK | Goldcorp Inc | G-T | 52.790 | Best growth of all the senior producers. Going to increase production by 60% in the next 4 years. Low cost producer. 20% of revenues are from Silver and he believes it will trend higher with gold. | 2011-07-18 | ||
| HOLD | Kinross Gold | K-T | 16.960 | This is a story for 2013. Likes the name. You need to see more than 20 Million oz in Africa. It is a work in progress. It will take time to know what they really have. | 2011-07-18 | ||
| HOLD | NAL Energy Corp | NAE-T | 11.140 | Don’t abandon ship. You will see stronger performance second half. | 2011-07-18 | ||
| DON'T BUY | Nexen Inc | NXY-T | 22.700 | It trades at a substantial discount to its piers. It is cheap on price to net asset value. It is a value trap. They had disappointing results. Long lake resource continues to under perform and they don’t have a handle on it. They could sell long lake or do something to maximize the flow through the upgrader. They need to stop over promising and under delivering. | 2011-07-18 | ||
| BUY | Provident Energy Ltd | PVE-T | 8.570 | Long term potential is very positive. Gas players are going into Alberta and looking for liquid rich gas. This is where PVE comes in and removes the constituent components. Very profitable business. | 2011-07-18 | ||
| BUY | Suncor Energy Inc | SU-T | 37.550 | Is the grand daddy of oil sands companies. Very attractive. SU is a pure play in oil sands. Well managed. Had some hiccups with Petro Canada merger but they are behind them now. It is a great opportunity here since it has come down. | 2011-07-18 | ||
| BUY | Viterra Inc | VT-T | 10.420 | Negative cash flow because they are a handler of commodities which have increased in price and they made some acquisitions recently. | 2011-07-18 | ||
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| BUY | Trans Canada Corp | TRP-T | 40.110 | Keystone XL pipeline decision in November. He thinks it will get resolved in TRP’s favour. It’s a huge job creation project (125k jobs). Add on pull backs. | 2011-07-18 | ||
| TOP PICK | Freeport McMoran Copper & Gold | FCX-N | 55.050 | Largest pure play copper name around. Almost like an ETF for copper. Diversified in terms of its assets and mines. It’s cheap compared to ABX. There is considerable upside for pure play copper names. | 2011-07-18 | ||
| HOLD | Crew Energy Inc. | CR-T | 14.760 | Production was in like first quarter. It’s just that they have a relatively high gas weighting. Should feel comfortable holding at this level and you will be rewarded over time. | 2011-07-18 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Earnings VS Cash Flow: Earnings are the bottom line. People pay dividends off that. Cash flow is not on the financial statements. People look at cash flow in juniors when there is no positive earnings. | 2011-07-18 | ||
| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Market: The market has not reacted at all to what he sees as an impending disaster. Feels the US will be downgraded from triple-A. He also sees a potential breakup of the Euro zone. Gold’s winning streak is justified. There is a psychological component. Gold really is a currency. The gov’t has no way other than to inflate its way out of the debt situation. US probably will raise debt ceiling by Aug 2, but it will be so large that it has to lead to a debt rating reduction. Interest rates will go up and government debt servicing costs will go up. Where you put your money is (a) in golds and (b) in cash so you are ready when the market bottoms. Or you could be in large cap dividend-paying stocks that pay you to wait. | 2011-07-18 | ||
| HOLD | Trilogy Energy Corp | TET-T | 28.600 | Can't explain the recent increases, however their production growth was to be higher in the second half and the market may be anticipating it. This is a good name and has been delivering on the numbers. | 2011-07-18 | ||
| BUY | Daylight Energy Ltd | DAY-T (Dead) | 8.990 | Likes it and thinks we will see some production growth in the second half. | 2011-07-18 | ||
| SELL | Penn West Petroleum | PWT-T | 21.270 | Doesn’t see what the catalyst is to drive it over the next 6 months. Is a big company and is doing the right things. | 2011-07-18 | ||
| BUY | Anderson Energy Ltd. | AXL-T | 0.830 | Descent name. Production has been in line. He encourages you to pick it up. | 2011-07-18 | ||
| BUY | Pacific Rubiales Energy Corp. | PRE-T | 24.030 | Is a name he would start getting back into. Political situation is relatively stable. It doesn’t concern him like Peru. A decent name. Nibble away at it. | 2011-07-18 | ||
| HOLD | Gran Tierra Energy Inc. | GTE-T | 6.130 | Trades at a premium to its piers. Ultimately it is a good name but he rates it as a hold. | 2011-07-18 | ||
| PAST TOP PICK | CASH | CASH | 0.010 | (Top Pick Jul 23/10) Last year he was at 20% and now he is at 7-11%. | 2011-07-18 | ||
| DON'T BUY | WesternZagros Resources Ltd. | WZR-X | 0.540 | Doesn’t like the name. He likes the resource, however. Stock reflects concern about fiscal and political risk. | 2011-07-18 | ||
| BUY | Ithaca Energy Inc. | IAE-T | 2.280 | Good name with strong production growth. He expects it to begin to trade higher. Good growth expected over the next year or two. North Sea. Will go up 300+% over the next 4 years. | 2011-07-18 | ||
| HOLD | Legacy Oil + Gas Inc. | LEG-T | 11.330 | Delivered descent production over time. He would continue to hold. Thinks it will have another run at some point. | 2011-07-18 | ||
| HOLD | PetroBakken Energy | PBN-T | 12.400 | Has disappointed repeatedly in terms of production. Wed weather earlier this year was a problem. He doesn’t see any catalyst for this name. It’s an execution problem – a “show me” | 2011-07-18 | ||
| PAST TOP PICK | Cenovus Energy | CVE-T | 36.870 | (Top Pick Jul 23/10) Still likes it but saw a better opportunity. Continues to grow. You’ll want to watch this and pick up on weakness. | 2011-07-18 | ||
| BUY | Arc Resources Ltd | ARX-T | 25.910 | Prefers oil vs. gas weighted stocks. This is the first to do fracing. They have never had a production miss. They are gas and oil weighted. | 2011-06-06 | ||
| PAST TOP PICK | Canadian Natural Rsrcs | CNQ-T | 39.690 | (Top Pick May 28/10, Up 9.94%) some fires in the upgrader and wild fires in Alberta. But a very well managed company, lots of production. If you believe oil is here to stay, you have to hold this one. Good place to buy more. | 2011-06-06 | ||
| BUY | Canadian Oil Sands | COS-T | 29.250 | Nice leverage to oil. The most potential upside. It is cash generating. Pays a yield while you wait. | 2011-06-06 | ||
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| TOP PICK | Goldcorp Inc | G-T | 47.410 | Best growth profile of any of the major producers. The lowest cost producer of all the seniors. Gold will go to $2000 in the next year and silver will test $50 or $60. | 2011-06-06 |
