| HOLD | | Bayou Bend Petroleum Ltd. | BBP-X | 0.300 | Very disappointing 3-hole run at the beginning. Are now in at least a couple of finds. Very active program ahead, but still a speculative gas play. | 2008-08-20 | |
| HOLD | | Cameco Corporation | CCO-T | 30.480 | Participating in Kazakhstan. Had another flooding problem at Cigar Lake. Uranium buying is picking up again. Only decent size producer. Could look at a couple of smaller ones such as Hathor Exploration (HAT-X) and UEX Corp (UEX-T) on the premise that Cameco will buy them. | 2008-08-20 | |
| DON'T BUY | | Shore Gold Inc. | SGF-T | 1.390 | Has the largest kimberlite deposit in the world and they continue to expand that asset. Diamond stocks have not been doing well. | 2008-08-20 | |
| BUY | | Oilexco Inc | OIL-T | 13.550 | Has held up pretty well in a difficult market. Extremely powerful positioning in the North Sea with both equipment and discoveries. Production has been rising brilliantly. | 2008-08-20 | |
| Comment | | Birchcliff Energy Ltd. | BIR-T | 12.620 | Montney shale play is attracting the most interest in the oil sector. Could be a take out. Don’t the results there will get disappointing. | 2008-08-20 | |
| BUY | | Keystone North America Inc. | KNA.UN-T | 30.780 | 13% yield. Funeral homes in the US. Converted from a stapled income trust, which the US could lap up on a tax effective basis. Part stock, part bond. | 2008-08-20 | |
| BUY | | Sherrit | S-T | 9.570 | Great cash flows. Have coal and potash in Canada. Have a tremendous relationship in Cuba. | 2008-08-20 | |
| SELL | | UTS Energy | UTS-T | 4.090 | A lot of companies are under strain because the banks are under strain and it is difficult to raise money. | 2008-08-20 | |
| Comment | | Petrobank Energy and Resources | PBG-T | 44.380 | Improving at the moment. Owns a good part of Petrominerales (PMG-T) in Colombia, which came up with good results. Also in the Bakken play in Saskatchewan. The Thai process is still in the proving stage. | 2008-08-20 | |
| TOP PICK | | Bank of Montreal | BMO-T | 44.790 | 6.25% dividend. Feels that there will be a federal election and if the conservatives get a majority there could be bank mergers. | 2008-08-20 | |
| TOP PICK | | Stella-Jones Inc. | SJ-T | 29.600 | Wood treated products for telephone and utility poles. These companies largely stick to their suppliers. Earnings were higher than expected. Raised the dividend. Good for the times when we come out of the bear market. | 2008-08-20 | |
| TOP PICK | | Aurelian Resources Inc | ARU-T | 5.920 | Generally regarded as the very best gold resource for world development. Kinross (K-T) has made an agreed bid for it. The Ecuadorian government will be coming on with a drafted improvement of a mandate for new mining laws. | 2008-08-20 | |
| TOP PICK | | Canadian Utilities | CU-T | 45.800 | Constantly rising dividends. Yield of 2.9%. | 2008-08-01 | |
| TOP PICK | | Cameco Corporation | CCO-T | 35.650 | Only real genuine uranium producer. Shortly going into massive production in Kazakhstan. Fixing up Cigar Lake. | 2008-08-01 | |
| TOP PICK | | Hudbay Minerals Inc. | HBM-T | 9.990 | A big part of the disappointment with this company was buying Skye Resources (SKR-T) in Guatemala and the fact that zinc is down but 70% of its recovery is through copper. Has new management. Good assets in Manitoba. | 2008-08-01 | |
| PAST TOP PICK | | Homburg Invest Inc. | HII.A-T | 3.650 | (A Top Pick Aug 3/07. Down 33% excluding dividend.) The problem is both markets and the real estate. Wonderful yield at 13.5%. Long history of very strong dividend payments. Still a Hold. | 2008-08-01 | |
| PAST TOP PICK | | Thomson Reuters Corp | TRI-T | 32.810 | (A Top Pick Aug 3/07. Down 25% excluding dividend.) Sold his holdings. Recommend that you continue to Hold. | 2008-08-01 | |
| PAST TOP PICK | | Atrium Biotechnologies Inc. | ATB-T | 14.250 | (A Top Pick Aug 3/07. Down 47%.) Great company. Made acquisitions and may have stretched itself. Doesn't think their market will be very strong over the next year. | 2008-08-01 | |
| BUY | | Hathor Exploration Ltd. | HAT-X | 3.390 | Likes the prospects for uranium. Speculative. | 2008-08-01 | |
| BUY | | UEX Corp. | UEX-T | 3.130 | Likes the prospects for uranium. Speculative. | 2008-08-01 | |
| BUY | | Powertech Uranium Corp. | PWE-T | 0.960 | Likes uranium. As US operations, which will be strongly favoured by US companies. Speculative. | 2008-08-01 | |
| HOLD | | Birchcliff Energy Ltd. | BIR-T | 12.350 | One of the favoured Montney plays. | 2008-08-01 | |
| Comment | | Bayou Bend Petroleum Ltd. | BBP-X | 0.415 | Very disappointing early days. Very active program. Has done some extremely in-depth seismological work in its territory. Speculative. | 2008-08-01 | |
| BUY | | Bankers Petroleum | BNK-T | 4.460 | For those who are willing to speculate offshore, heavy oil, Albania. Enormous asset. Your main worry would be the politics. | 2008-08-01 | |
| BUY | | UEX Corp. | UEX-T | 3.130 | Likes uranium. One of the most interesting junior, high-grade companies in the Athabascan. Speculative. | 2008-08-01 | |
| HOLD | | Penn West Energy Trust | PWT.UN-T | 30.500 | Not too glamorous of late. Good distribution at 13.3%. | 2008-08-01 | |
| BUY | | Yamana Gold Inc. | YRI-T | 12.750 | Have done a great expansion. Massive buying program. | 2008-08-01 | |
| HOLD | | Potash Corp of Saskatchewan | POT-T | 206.990 | Dominates the Canadian agricultural market. Thinks it will swirl around $20 up and $20 down. | 2008-08-01 | |
| HOLD | | Agrium | AGU-T | 89.770 | Heavily weighted towards nitrogen. Also weighted towards retail across the US when it acquired the largest distribution company. | 2008-08-01 | |
| HOLD | | Oilexco Inc | OIL-T | 16.690 | Oil production in the North Sea. Will be doubling production this year and doubling again over the next few years. Ideally placed and equipped with rigs. | 2008-08-01 | |
| HOLD | | Gold Wheaton Gold | GLW-X | 1.490 | Very strong backers. Sees no reason why they shouldn't continue to acquire gold assets. | 2008-08-01 | |
| Comment | | Yellow Pages Income Fund | YLO.UN-T | 9.570 | Has been down. The trusts have fallen with the market. There are questions if they can compete with the Internet business but they are in this as well. Good managers. 11.9% yield. | 2008-08-01 | |
| Comment | | Petrobank Energy and Resources | PBG-T | 40.760 | Has pulled back along with others in the oil stocks. There is also a bit of a caution about the still pilot stage Thai process. Its subsidiary Petrominerales (PMG-T) operating in Colombia has been a fabulous performer. He has taken some profits. Very good managers. | 2008-08-01 | |
| Comment | | Plutonic Power Corp. | PCC-T | 6.690 | Parallel turbine generation on the rivers of British Columbia. Very small power generation. Has been fairly static but solid for some time. Getting approvals from First Nations and B.C. governments. Coal, oil and gas continue to be the main power generators. | 2008-08-01 | |
| BUY | | Rogers Communcations (B) | RCI.B-T | 33.640 | Quarterly results were disappointing on the bottom line as well as the subscriber line but it did not include the iPhone. Think of this as a core holding. | 2008-08-01 | |
| Comment | | Equinox MineralsLtd. | EQN-T | 3.930 | There will continue to be government type negotiations in all of these countries. Had a delay in start up because of problems in equipment. Could be a takeout by its major shareholder First Quantum (FM-T). Prefers Augusta Resource (AZC-T) with their US copper. | 2008-08-01 | |
| Comment | | Goldcorp Inc | G-T | 37.430 | Acquiring Gold Eagle Mines (GEA-T). | 2008-08-01 | |
| BUY | | Major Drilling Group International Inc | MDI-T | 39.620 | (Market Called Minute.) Very special company. | 2008-08-01 | |
| Comment | | Empire Company (A) | EMP.A-T | 43.890 | (Market Called Minute.) By if you are very conservative. Very blue chip family company. | 2008-08-01 | |
| HOLD | | Urbana Corp. (A Shares) | URB.A-T | 2.290 | (Market Called Minute.) | 2008-08-01 | |
| HOLD | | Teck Cominco Ltd. (B) | TCK.B-T | 45.000 | (Market Called Minute.) | 2008-08-01 | |
| BUY | | Bombardier Inc (B) | BBD.B-T | 7.070 | (Market Called Minute.) | 2008-08-01 | |
| HOLD | | Lundin Mining Corp. | LUN-T | 5.380 | (Market Called Minute.) May get taken out. | 2008-08-01 | |
| HOLD | | UTS Energy | UTS-T | 4.980 | (Market Called Minute.) Boring but a Hold. | 2008-08-01 | |
| BUY | | Fortis Inc. | FTS-T | 25.460 | Has broken down to last year’s number. Bit of a problem in Belize but that shouldn’t be too disturbing. Good yield. Good long term asset. | 2008-07-08 | |
| BUY | | Hudbay Minerals Inc. | HBM-T | 12.720 | Zinc and Copper. One of the few fairly decent sized mining companies left. Fabulous cash flows. Startled the market when it bought Skye Resources (SKR-T) in Guatemala. | 2008-07-08 | |
| Comment | | AltiusMinerals Corp | ALS-T | 8.120 | They have a problem with the tightening of credit and have been told by the courts to get their financing in order. Won’t be an easy ride. | 2008-07-08 | |
| BUY | | Yamana Gold Inc. | YRI-T | 15.230 | One of the senior mid-tier gold producers. Very aggressive in their expansion. Likes gold. | 2008-07-08 | |
| TOP PICK | | GLV Inc. | GLV.B-T | 13.960 | Great management and have a high level of competence to make the 2 remaining divisions go very well. These are global watercourses and water treatment and pulp and paper. | 2008-07-08 | |
| TOP PICK | | Hemisphere GPS Inc. | HEM-T | 4.220 | Agriculture precision planting by GPS. Globally oriented. | 2008-07-08 | |
| TOP PICK | | Molson Coors Brewing Company | TAP-N | 53.510 | Been paying constantly increasing dividends. Management has proved to be tremendous. Just did a joint venture with SABMiller plc. Together they have 30% of the North American market. | 2008-07-08 | |
| BUY | | Oilexco Inc | OIL-T | 16.300 | They are in a tremendous position in the North Sea. Rig ownership and control. Great assets and a couple of great discoveries. | 2008-07-08 | |
| Comment | | Corby Distilleries Ltd (A) | CDL.A-T | 17.250 | Has been disappointing. An interesting price. Good dividends. Good earnings. | 2008-07-08 | |
| SELL | | Genesis Land Development Corp. | GDC-T | 4.000 | Prefers Melcor Developments (MRD-T). When there have been housing difficulty like there has been, it’s extremely difficult for stocks like these. | 2008-07-08 | |
| Comment | | Yellow Pages Income Fund | YLO.UN-T | 8.510 | Market has trashed it. Presumes that people are not totally convinced that it competes well enough against the web systems, which of course it is into. Tremendous yield. | 2008-07-08 | |
| HOLD | | Potash Corp of Saskatchewan | POT-T | 201.750 | We continue to be in this amazing climb in fertilizers for the agricultural sector. | 2008-05-12 | |
| BUY | | Duvernay Oil Corp | DDV-T | 57.620 | This is a very hot number and is capable of upside and a take out. | 2008-05-12 | |
| HOLD | | Equinox MineralsLtd. | EQN-T | 4.610 | It's a rarity that you have a significant mid-tier mine going into production. Also has a uranium thing on the side. There is also the safety of country factor. | 2008-05-12 | |
| HOLD | | BCE Inc. | BCE-T | 38.100 | There is a take out value of $42.75 on this one. It is very unlikely that the Ontario teachers and their banking supporters will pull out of the deal. | 2008-05-12 | |
| Comment | | 5N Plus | VNP-T | 10.720 | He has been selling down. This is riding on a solar industry, which is dependent on all the players being able to continue to deliver their technology into a rather strange industry. | 2008-05-12 | |
| HOLD | | Bank of Nova Scotia (Pref.) | BNS.PR.O-T | 25.090 | 5.75% preferred shares probably makes sense. | 2008-05-12 | |
| TOP PICK | | Encana Corp | ECA-T | 92.200 | He thinks that splitting the natural gas from the oil sands will surface the greater value. However, as 2 separate companies they will be more vulnerable to take out. | 2008-05-12 | |
| TOP PICK | | Talisman Energy | TLM-T | 23.060 | Recently broke out after being a bit doggie. There is a new CEO with a new brush. Also has a position in the Utica shale play in terms of land and drilling. | 2008-05-12 | |
| TOP PICK | | Phoscan Chemical Corp. | FOS-X | 1.970 | A very sizable asset in phosphates. A phosphate is the third leg in fertilizer along with potash and nitrogen. The best and one of the few phosphate deposits in North America. Very speculative. | 2008-05-12 | |
| BUY | | GMP Capital Trust | GMP.UN-T | 17.050 | One of the most excellent brokering firms. Just reported and their expenses had taken over for the first time. Good income of almost 10%. | 2008-05-12 | |
| PAST TOP PICK | | Axia NetMedia | AXX-T | 2.960 | (A Top Pick Mar 23/07. Down 51%.) The market retreated and small caps got hit. People get impatient because they are not turning on new contracts in Singapore/Australia. There is no reason why they can't get these in the future. The company is in fine shape. He would absolutely Buy it today. | 2008-04-01 | |
| PAST TOP PICK | | Kaboose Inc. | KAB-T | 1.540 | (A Top Pick Mar 23/07. Down 60%.) Excellent business. They are the top independent in the on-line marketing to parents and children. He expects them to be taken over. Management is buying shares. | 2008-04-01 | |
| PAST TOP PICK | | Fortis Inc. | FTS-T | 29.100 | (A Top Pick Mar 23/07. Up 7%.) There has been a pickup in the last few weeks because of a rush to quality and a rush to reliable dividends in the utilities. Has a fine history. Fairly aggressive expansion. | 2008-04-01 | |
| TOP PICK | | Labrador Iron Ore | LIF.UN-T | 53.990 | There is nothing better today than a selection of certain royalty and income fund trusts. Absolutely fantastic and don't worry about 2011. Looks like it has the ability to continue to shine. 2.6% yield. As colossal reserves. | 2008-04-01 | |
| TOP PICK | | Sherrit | S-T | 14.170 | Very much impressed. Looks like it is going to be able to get the laterite nickel project under way and into production in Madagascar. It has great expertise in dealing with communities. | 2008-04-01 | |
| TOP PICK | | Viterra Inc | VT-T | 14.350 | The best of the companies in the agricultural space. Brilliantly run and brilliantly diversified. | 2008-04-01 | |
| DON'T BUY | | Connacher Oil and Gas | CLL-T | 3.230 | Ramped up production on pod 1 to 10,000 barrels and have made application for the 2nd pod to be built. The only small public company that he can see in the oil sands patch that is up and running. However, oil sands is a very high capital cost business and is generally thought to need very big size. | 2008-04-01 | |
| DON'T BUY | | Harry Winston Diamond Corp. | HW-T | 24.560 | A diamond retailer with a mine attached which is a bit difficult. He would like to see this spun apart again. Numbers have not been all that sparkly. | 2008-04-01 | |
| Comment | | Vaaldiam resources Ltd. | VAA-T | 0.430 | There has been total neglect of the diamond sector. A very good Little producer and has expanded by acquiring Great Western Diamonds in Brazil. In a portfolio where you do buy some things that are down, this could be one of your stocks. | 2008-04-01 | |
| BUY | | 5N Plus | VNP-T | 11.220 | Company appears to be doing well. The solar sector is exciting but it is a highly speculative sector. There will be massive moves occurring on rumours. This would be his favourite in this sector. | 2008-04-01 | |
| DON'T BUY | | Visa Inc. | V-N | 33.370 | (Market Call Minute.) Came out with a massive premium and is probably still there so he wouldn't buy it. | 2008-04-01 | |
| DON'T BUY | | Petro-Can | PCA-T | 44.690 | (Market Call Minute.) There are better places to go. | 2008-04-01 | |
| HOLD | | BCE Inc. | BCE-T | 35.070 | (Market Call Minute.) It's beginning to look rather uneasy. He sold half his position. | 2008-04-01 | |
| WEAK BUY | | Shore Gold Inc. | SGF-T | 3.790 | Diamonds have been very difficult as a stock market area. It is quite complex. The measurement of diamonds. Takes quite a long time. This one is all right, but is on the slow burner. | 2008-04-01 | |
| Comment | | Bankers Petroleum | BNK-T | 1.660 | This has become one of the front line, appealing stocks to Bay Street. Located in Albania and apparently has a very, very large assets. Very large reserves with expectation of very large production. | 2008-04-01 | |
| BUY | | Anglo Potash Ltd | AGP-X | 5.610 | Fertilizer is a very glamorous area. BHP Billiton’s (BHP-N) interest is fantastic as they have a financial backer for digging this stuff out. It is a huge capital expenditure in Saskatchewan. The negative aspect is that it would have to be on Billiton’s agenda and he is not sure that it would be on that agenda. A tremendously important to speculation. | 2008-04-01 | |
| Comment | | Agrium | AGU-T | 64.400 | Have quite exciting retail kind of operation in the US. In Southeast Asia and Latin America, they have re-priced the potash up hugely. The only negative that he knows of is that there is a good chance of extraordinarily good crops coming through in Brazil and Argentina, which might reduce the need of more fertilizing. Has already gone up strongly so beware of a downfall. | 2008-04-01 | |
| Comment | | Bayou Bend Petroleum Ltd. | BBP-X | 0.560 | There are very important backers behind this company. The region is fertile in gas. There have been 3 or 4 dry holes. Highly speculative. If they hit the big winner, then obviously it can go right back to the top. | 2008-04-01 | |
| Comment | | Uranium One Inc. | UUU-T | 3.160 | You are going to have to wait a bit as it is pretty doggy. Have had a run of bad luck with the sulphuric acid shortage in Kazakhstan and Dominion mine difficulties. | 2008-04-01 | |
| Comment | | Timminco Ltd. | TIM-T | 23.370 | Have appeared to secure a wonderful new contract, which appears to absorb all their production including their expansion. The new contract means they will have to expand more. If you bought it very low, take some profits. | 2008-04-01 | |
| BUY | | Genesis Land Development Corp. | GDC-T | 4.800 | Has been affected by the general market correction as well as the kind of tiredness that occurs after a story has been in place for a long time. One of the 2 or 3 core real estate companies in the burgeoning west. Could be an entry point at the current price, as he sees nothing wrong with it. | 2008-04-01 | |
| HOLD | | Royal Bank | RY-T | 48.790 | As a long-term investor, you stay with companies like this. | 2008-04-01 | |
| DON'T BUY | | Iamgold Corp | IMG-T | 7.370 | It is generally thought to be negative and he uses the term “generally” because he is not heavily into this one. Not considered a favourite. He is bullish on gold. | 2008-04-01 | |
| HOLD | | UEX Corp. | UEX-T | 4.000 | This is an interesting uranium play as they have one of the few in the Athabascan that has high-grade discoveries. Thinks it will continue to be an important one to hold on the junior level. Cameco (CCO-T) holds about 20% of the shares. | 2008-04-01 | |
| HOLD | | North American Palladium | PDL-T | 5.610 | This is the best North American play in palladium. | 2008-04-01 | |
| BUY | | Oilexco Inc | OIL-T | 14.820 | Recent turn down on the stock is really because of the market. Has an amazing success record in the North Sea. They are in a position of strength because of the ownership of rigs. | 2008-03-13 | |
| BUY | | Hudbay Minerals Inc. | HBM-T | 17.750 | In reference to a comment that the company has been hijacked, 18% of shares are held by one fund that is trying to force them to hand over their cash. Market believes that leadership has changed from a great, methodical, engineering, practical type of man to a more aggressive president using the money and capitalizing on situations. A much revived company. Recently had an interesting extension to its known deposits in Manitoba. | 2008-03-13 | |
| BUY | | Timminco Ltd. | TIM-T | 19.000 | Quite exciting company because it is one of the leading pure companies in high-quality silicon for the solar industry. They are building extra capacity. High risk, but capable of going much higher because solar will continue to be built. | 2008-03-13 | |
| BUY | | Goldcorp Inc | G-T | 44.110 | Has tremendous girth and assets. Have a lot to develop. Mainly Canadian and Latin American. | 2008-03-13 | |
| BUY | | Brookfield Asset Management (A) | BAM.A-T | 27.610 | A great company and it's going down because real estate is slightly tainted and has been brought down because of the subprime mess. It's a good buy for the long term. | 2008-03-13 | |
| WAIT | | Bank of Nova Scotia | BNS-T | 45.640 | His favourite bank of the majors. Has an excellent international positioning. Not totally happy with any of the banks because there is still unhappy news to come. The happy news is that they have big dividends. | 2008-03-13 | |
| BUY | | Canadian Western Bank | CWB-T | 22.880 | This is his largest position in banks. This is different as it is Western and into commercial lending. The market is tightening up for it a bit though because of general financial conditions. | 2008-03-13 | |
| Comment | | Yamana Gold Inc. | YRI-T | 18.630 | Did a very aggressive expansion by buying, buying and buying. Absorption of other companies takes time and is a difficult process. However, it did it, it made it and it got there and has built itself into a very large 2nd tier group. | 2008-03-13 | |
| TOP PICK | | Viterra Inc | VT-T | 13.450 | Formerly Saskatchewan Wheat Pool. Tremendous management and have had great results. Subject to the vagaries of the weather it should continue to do brilliantly. Thinks it's capable of breaking out from these levels. | 2008-03-13 | |
| TOP PICK | | Silver Wheaton | SLW-T | 18.900 | No production problems. No high inflation rate re mining costs because they just take on contracts and their cost base is about $3. A great way for an investor to play silver and precious metals without having to decide which mine. | 2008-03-13 | |
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