| TOP PICK | | Grande Cache Coal Corp. | GCE-T | 6.940 | Good cash flow. Coal stocks have been killed in the last month or so but the cash flow hasn’t changed. Less than 2X forward cash flow. Western Canadian Coal (WTN-T) is in play and when it goes some of money will shift over. Any disappointed buyer may be interested in this one. | 2008-07-08 | |
| TOP PICK | | Bankers Petroleum | BNK-T | 1.700 | Wants reliability in this type of market and this one did well last year. Good management and great assets. Now own 100% of a 490 billion barrel deposit. | 2008-07-08 | |
| TOP PICK | | Cal-Maine Foods Inc. | CALM-Q | 37.390 | Largest egg producer in North America. Will make about $7 or $8 this year. There was a big short position out and they decided to fight it by paying out a lot of their earnings through dividends. Dividend yield is now 10%. | 2008-07-08 | |
| PAST TOP PICK | | Timminco Ltd. | TIM-T | 23.680 | (A Top Pick July 4/07. Up 317%.) Last year they didn't have brand name contracts, purity, quality or the expansion. Now everything is in place. They can now get premium pricing for their silicon. | 2008-07-08 | |
| PAST TOP PICK | | Thompson Creek Metals | TCM-T | 16.800 | (A Top Pick July 4/07. Down 16%.) Molybdenum prices are still going out but the stock is down. Cash flow hasn't changed and valuation is way better. Still a good Buy. | 2008-07-08 | |
| PAST TOP PICK | | Wi-Lan Inc. | WIN-T | 1.850 | (A Top Pick July 4/07. Down 63%.) Won a couple of royalty streams from a few companies but then announced they were not able to settle with a few companies that were violating their patents. Sued about 22 companies so is now a court legal situation. Sold his holdings. | 2008-07-08 | |
| Comment | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | LNG Gas: Countries like Japan are paying $16 to get LNG shipped, so it won’t be coming in to North America. Any kind of disaster could create a natural gas shortage, so the trend is your friend. | 2008-07-08 | |
| Comment | | Call Genie | GNE-T | 0.415 | Liked the company a couple of years ago but in this type of market, micro-caps without much revenue creates a brutal scenario. Did some expensive financing. Not selling his holdings but not much confidence that it will go up. | 2008-07-08 | |
| STRONG BUY | | Questerre Energy | QEC-T | 3.230 | Everything is positive for the company, but you wouldn’t know it by the recent stock activity. Did a financing at $4.70, which he participated in. There will be drill results by the end of the year. | 2008-07-08 | |
| HOLD | | Points International Ltd. | PTS-T | 1.030 | Underwriting created some problems and there is still some overhang. No one is going to buy this stock until that is cleared up. Difficult to see an end to the problem. Expects a 40%-50% bounce once it is cleared up. | 2008-07-08 | |
| DON'T BUY | | UEX Corp. | UEX-T | 3.950 | Not time to go back into the uranium sector yet. While the spot price has stopped declining, there has been a drop in the long-term price recently. Too early. | 2008-07-08 | |
| WAIT | | Feel Good Cars | ZNN-X | 5.830 | Doing fabulously well in penetration and have the right partnerships. He’ll buy it higher up when he’s sure it will work successfully. Looks promising. | 2008-07-08 | |
| PARTIAL BUY | | Hanfeng Evergreen | HF-T | 11.790 | Recently announced expansion in China and in another country. Good shareholder base, great technology and fabulous management but the stock has done next to nothing. Chipping away at this. | 2008-07-08 | |
| STRONG BUY | | Largo Resources Ltd. | LGO-X | 1.030 | Vanadium play in Brazil. Have the best grades in the world. Will go up when they release the new feasibility study later this year. (Almost chose it as a Top Pick.) | 2008-07-08 | |
| Comment | | Potash North Resource | PON-X | 1.920 | Very speculative. Has high profile investors/promoters. Did a financing at $2.50 with a warrant attached. A robust enough project but at such an early stage it could be vulnerable if the market doesn’t do well. On the other hand if the market turned around dramatically you have a nbice potential in a hot sector. | 2008-07-08 | |
| HOLD | | Coastal Energy | CEN-X | 3.650 | Oil. Nice management team with a nice exploration potential in Thailand. Asset price is ahead of their cash flow, so you have to wait for the cash flow to catch up. May need financing to fully complete their program. May start chipping away at this again, but not quite yet. | 2008-07-08 | |
| BUY | | MagIndustries Corp. | MAA-X | 3.040 | Likes the assets and the break up value of the company. Altogether the value of the company is in the $5 range. Good price. | 2008-07-08 | |
| Comment | | Sterling Resources | SLG-X | 2.600 | One of the best names in the UK right now. Huge potential. Takeout value could be a double. | 2008-07-08 | |
| BUY | | Computer Modeling Group Ltd | CMG-T | 18.040 | Reservoir solutions for oil/gas companies. Should be the poster child of how companies are run in Canada. Don’t need capital. Pristine balance sheet with excess millions of cash which they dividend out. | 2008-07-08 | |
| DON'T BUY | | Hudbay Minerals Inc. | HBM-T | 12.720 | Zinc is the one commodity that hasn’t done anything. Likes their cash and their long time potential as an acquisition target. Acquired Skye Resources (SKR-T) that didn’t have a producing asset and will cost billions of $’s to develop. | 2008-07-08 | |
| BUY | | 5N Plus | VNP-T | 10.010 | Strategic position in the solar industry is pretty secure. Producing material that goes into thin film. First Solar (FSLR-Q) is their biggest customer at 55%-60% of revenues. Could be a takeover. | 2008-07-08 | |
| DON'T BUY | | Noront Resources Ltd. | NOT-X | 2.350 | Deposit may not be as big as he thought, so sold his holdings. Cap X budget will be quite big. Need a rail line that’s about 60km. Continually halt the stock on news that is not that important. | 2008-07-08 | |
| BUY | | Osisko Exploration Ltd. | OSK-T | 3.980 | (Market call minute.) Gold. Great deposit. Just a matter of time before someone buys them. | 2008-07-08 | |
| HOLD | | Neo Material Technoligies Inc. | NEM-T | 4.220 | (Market call minute.) Disappointed in how the stock has done. Revenues may be slower growing than he thought. | 2008-07-08 | |
| SELL | | Pine Tree Capital Ltd. | PNP-T | 2.050 | (Market call minute.)Small cap manager and this market is not good for small caps. | 2008-07-08 | |
| HOLD | | Patheon | PTI-T | 4.240 | (Market call minute.) New management. Closing operations. In a turn around phase. | 2008-07-08 | |
| HOLD | | Neptune Tech & Bioresource | NTB-X | 2.180 | (Market call minute.)Likes the potential but in this environment the stock has been killed. | 2008-07-08 | |
| BUY | | International Datacasting Corp. | IDC-T | 0.300 | (Market call minute.) Profitable company with a great niche. Business is pretty decent. | 2008-07-08 | |
| HOLD | | Points International Ltd. | PTS-T | 1.630 | Business is strong but stock is decimated. When AIC re-structured it, a bunch of stock hit the market at $1.65. Horrible transaction. A slowdown in their accelerating growth rate would cause him to sell. | 2008-05-26 | |
| BUY | | Pan Orient Energy | POE-X | 13.020 | Likes it. Price getting close to it’s old high. Little risky. | 2008-05-26 | |
| BUY | | Pacific Rubiales Energy Corp. | PEG-T | 11.830 | Some political risk in Columbia, but shouldn’t stop you from owning it. Very well run company. He is looking to re-buy it. One of the biggest companies on the TSX in Oil. | 2008-05-26 | |
| BUY | | Timminco Ltd. | TIM-T | 27.700 | Q; What is your exit strategy considering you own such a large percentage of this stock? A: Volumes are large enough that they could sell, but their strategy is via a takeover or transition into a multi-market cap. At some point this company will need to be bought by a solar company. | 2008-05-26 | |
| BUY | | TriStar Oil & Gas | TOG-T | 18.290 | Likes the people running the company. Believes gas is breaking out. Any gas stock is quite buyable. | 2008-05-26 | |
| DON'T BUY | | Sandvine Corp. | SVC-T | 1.280 | Did great for 9 quarters, hitting numbers out of the ballpark and then they missed numbers in one quarter and then in another. Don’t buy until this it’s fixed. | 2008-05-26 | |
| HOLD | | Petrobank Energy and Resources | PBG-T | 59.560 | Has been selling a bit. Likes the management team and what the company has done. | 2008-05-26 | |
| HOLD | | Absolute Software Corp. | ABT-T | 11.110 | The business is fine. Still a takeover target. | 2008-05-26 | |
| BUY | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Thing going on in the market he calls ‘small cap disease’ where companies are doing very well but stocks are going down. People are scared – they don’t know where the economy is going to go. People are buy safety and Liquidity. Stock Strength does not follow company strength. Prefers to buy in the January or August panic. | 2008-05-26 | |
| TOP PICK | | Questerre Energy | QEC-T | 4.290 | Tight with the dilution, smart financers, have a huge asset. Fabulous upside. Have pilot wells and will know in a year. Quite speculative | 2008-05-26 | |
| TOP PICK | | Grande Cache Coal Corp. | GCE-T | 8.300 | Almost went bankrupt in last cycle. Had production, rain and transportation problems and now all fixed and price of coal skyrocketed. Company could cash flow $4/share but stock is just above $8. Will be debt free later this year. Think this company will get bought by a Japanese steel company. | 2008-05-26 | |
| TOP PICK | | Alter Nrg Corp. | NRG-X | 5.400 | Alternative energy play. Great partners. Large projects, pretty risky – it’s early stages. Giant upside in projects if they take an equity position. Biggest risk is going from pilot to commercial. | 2008-05-26 | |
| BUY | | Theratechnologies Inc | TH-T | 7.290 | Canadian. Excellent phase 3 product results. A take over target, in a position of being sold right now. They have lots of cash. At this level it’s a dollar below financing. Good product. Would buy at this price. | 2008-03-17 | |
| WEAK BUY | | Petrobank Energy and Resources | PBG-T | 47.500 | Bought some this morning. Like the management team. Stock has come down over the past week, because of a poor analysis. A great asset company, with great technologies. | 2008-03-17 | |
| DON'T BUY | | Stornoway Diamond | SWY-T | 0.445 | Management team is excellent. Poor results over the last year. Stay away at this point. | 2008-03-17 | |
| WEAK BUY | | Diamonds North Resources | DDN-X | 0.840 | Have come out with decent results. Wouldn’t recommend. | 2008-03-17 | |
| Comment | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Movement of money- cautious about using book value as a value indicator. In a declining environment when companies are losing money the book value can deteriorate rather quickly. | 2008-03-17 | |
| DON'T BUY | | Divcom Technologies | DVQ-T | 0.055 | Massive disappointment. In this environment, with this market there is no need to go for speculative stocks. Don’t be a hero. | 2008-03-17 | |
| BUY | | Neo Material Technoligies Inc. | NEM-T | 3.750 | Been disappointed with name. Either it’s a value trap or people don’t believe in the future growth of the company. Industries fine, earnings are OK yet no one cares. Very cheap with decent potential. | 2008-03-17 | |
| WEAK BUY | | Active Control Technology | ACT-X | 0.380 | Great little company, with a system to keep track of miners. There’s a big safety push to implement this product in mines. Pretty good company. Would like to see more traction in terms of incremental contracts. | 2008-03-17 | |
| PARTIAL BUY | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | SI/K8- Like silver much more than gold. There’s a huge physical shortage of silver. There are very few equity plays to invest in silver. Do like this space a lot. Prefers PAN American. | 2008-03-17 | |
| WEAK BUY | | Points International Ltd. | PTS-T | 2.450 | It’s a buy if you can stand the volatility of the stock. It’s the stock that’s volatile, not the business. Business is good. Pretty much have a global monopoly. Great, great company. | 2008-03-17 | |
| PAST TOP PICK | | Immersive Media Company | IMC-X | 1.160 | (Top pick, March 12, 2007. Down 70%) They had Google as a customer, it looked like they were going to take over the world. They lost the contract and the stock fell apart. Not a buy right now. Balance sheet is OK. | 2008-03-17 | |
| PAST TOP PICK | | Golden Star Resources | GSC-T | 4.150 | (Top pick, March 12, 2007. Down 15%) They’ve had nothing but problems coming from their mines. Very, very cheap, new CEO, good production, great take over target. Would rather buy a stock that doesn’t disappoint. | 2008-03-17 | |
| PAST TOP PICK | | Absolute Software Corp. | ABT-T | 10.850 | (Top pick, March 12, 2007. Up 42%) Bought some more today. Customers are growing, balance sheet/cash flow are growing. A good take over target, over the next 18 months or so. A great product, Buy. | 2008-03-17 | |
| BUY | | Oilexco Inc | OIL-T | 14.290 | Continues to execute. Finding more and more assets under the north sea. Almost have guaranteed growth. Great management team, one of the cheapest names in the oil space right now. The company doesn’t need to sell. Bought some today. | 2008-03-17 | |
| WAIT | | Uranium One Inc. | UUU-T | 4.540 | The uranium space has been decimated. Would wait until production has changed or there is some sort of positive change. | 2008-03-17 | |
| WATCH | | Seabridge Golds | SEA-T | 24.250 | Have the largest ounces of exposure per share in the market. Very, very tight with their shares. It’s run by a great management team. Should be doing better. Has the connection to other problem companies. The company will probably be sold. | 2008-03-17 | |
| WATCH | | Noront Resources Ltd. | NOT-X | 5.730 | Have been continuing to buy this stock. Could have a very big asset. The upside is very huge, with gold as a backdrop. Have great potential. The next wave of results will be quite interesting. | 2008-03-17 | |
| DON'T BUY | | Breakwater Resources | BWR-T | 1.160 | A zinc producer. Everybody hates zinc right now. Have had production issues. Their last quarter was quite disappointing. Might be bought. The stock depends on whether zinc recovers. | 2008-03-17 | |
| HOLD | | Western Gold Fields | WGI-T | 3.410 | Stocks been doing OK, but not as well as some of the other players. Not the go to name right now. Will be recognized. Great management team. The next catalyst will be either a take over or a merger. | 2008-03-17 | |
| BUY | | Eldorado Gold | ELD-T | 7.350 | The market is going to gravitate towards producing companies. A prefect go to mid cap name. Great production, great assets. Going to start to profit from high gold prices. Great name | 2008-03-17 | |
| VAGUE | | Focus Media Holding | FMCN-Q | 32.190 | They report tomorrow, the company has been historically very volatile before their earnings report. High beta company. Not expecting any problems. Biggest internet advertising company in China. Not too expensive with basically a monopoly in the country. | 2008-03-17 | |
| BUY | | Niko Resources | NKO-T | 85.820 | Growing their assets, their cash flow is going to kick in over the next few years. Great company. | 2008-03-17 | |
| BUY | | Antrim Energy | AEN-T | 4.090 | Great little company with assets in South America and the North Sea. Well financed. A great take over play. | 2008-03-17 | |
| HOLD | | Call Genie | GNE-T | 0.480 | Results reported today are great. Not the market for this company. | 2008-03-17 | |
| SELL | | Sandvine Corp. | SVC-T | 1.230 | An expensive company. Missed earnings twice. Get out. | 2008-03-17 | |
| SELL | | I Max | IMX-T | 6.560 | Been a high maintenance name for years. If you can handle the maintenance hold, otherwise get out. | 2008-03-17 | |
| SELL | | First Nickel Inc. | FNI-T | 0.495 | It’s a sell. It’s too small, almost went bankrupt 1.5 years ago. | 2008-03-17 | |
| BUY | | Pelangio Mines Inc | PLG-T | 4.350 | Likes their subsidiary, so as a result it’s a buy | 2008-03-17 | |
| BUY | | Timminco Ltd. | TIM-T | 17.290 | It’s a buy. They’ve done nothing wrong. Their quality has been improving. Buy for the next year. | 2008-03-17 | |
| TOP PICK | | MagIndustries Corp. | MAA-X | 2.400 | The “mini Canadian Pacific.” In the republic of Congo. Diverse set of assets. One of the best Pot ash resources coming on stream in the next 5 years. The value of their assets is worth $5 per share, which is more than twice what stock is trading at. | 2008-03-17 | |
| TOP PICK | | Yamana Gold Inc. | YRI-T | 19.070 | In this market it’s about the only play I have confidence in. They’re quadrupling production, they’ve done some great acquisitions. Still undervalued. It can get to $30. | 2008-03-17 | |
| TOP PICK | | Bankers Petroleum | BNK-T | 1.400 | Betting on the management team. They’ve added assets, increased production and cash flow. Have absolute confidence. The stock will work its way to $3-4. | 2008-03-17 | |
| TOP PICK | | Bankers Petroleum | BNK-T | 1.400 | Betting on the management team. They’ve added assets, increased production and cash flow. Have absolute confidence. The stock will work its way to $3-4. | 2008-03-17 | |
| Comment | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Rumours become reality, LeManns is the next one to be attacked.
Thinks we are in serious trouble. Doesn't expect recover in 2008.
He's usually very much a bull. | 2008-03-17 | |
| BUY | | Placer Dome | PDG-T | 25.500 | He has just bought. Great asset company. Great technologies. Thinks that tie(?) will work. | 2008-03-17 | |
| BUY | | Theratechnologies Inc | TH-T | 7.170 | Excellent phase 3 results. They are a takeover target, they have lots of cash. Annoyed at management because last month they had 61 million in cash, and decided to put the company up for sale, while at the same time decided to raise money. They can't have it both ways.
Nothing wrong with the product. Good one to hold and to buy. Should be stable. | 2008-03-17 | |
| DON'T BUY | | Stornoway Diamond | SWY-T | 0.450 | Management team is excellent. But because of the market backdrop he would stay away right now. | 2008-03-17 | |
| Comment | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Caller was suggesting that oil's book value is too high and bank book value was at 1.5%, which should signal the time to go back into banks from oil.
Peter responded by saying don't trust book value, since in a declining market book value can deteriorate very quickly.
He would much rather own a Canadian bank then a US Bank.
He is a big believer in commodities. Hard asset is where it's at. | 2008-03-17 | |
| DON'T BUY | | Neo Material Technoligies Inc. | NEM-T | 3.890 | Disappointed in the stock reaction, not the execution of the company.
Doesn't know if it's a value trap, people don't believe in the growth of the company, their competitors are doing fine, the industry is doing ok, their earnings are pretty good, but nobody cares.
Very cheap stock with a lot of potential, and it should be doing better.
His buying style is to buy on strength, so he wouldn't buy it.
| 2008-03-17 | |
| BUY | | Pan American Silver | PAA-T | 37.940 | Likes silver more then gold. Huge physical shortage of silver. Had the breakout over the last couple of weeks.
He mentions Pan am silver,Silver Wheaton and Bear Creek.
He likes Pan American best. | 2008-03-17 | |
| BUY | | Points International Ltd. | PTS-T | 2.480 | If you can withstand the volatility of the stock, then buy it. Business is fine, and they are making money, the stock is just volatile.
| 2008-03-17 | |
| PAST TOP PICK | | Immersive Media Company | IMC-X | 1.020 | March 12, 2007 down 70%, then $3.49
They had google as a customer. Google second sourced, lost the contract.
Good to watch, but he will wait until they show some strength. | 2008-03-17 | |
| BUY | | Oilexco Inc | OIL-T | 12.900 | Continues to execute and delineate their fields. Are finding more and more assets under the North seas. They've got the facilities and rigs, they know what they are doing, but the stock goes up and down like a yo-yo.
One of the cheapest assets right now. Just bought some. | 2008-03-17 | |
| DON'T BUY | | Uranium One Inc. | UUU-T | 4.690 | Bought everyone in site, then started to screw up. Wait for things to turn around before going in. | 2008-03-17 | |
| WEAK BUY | | UEX Corp. | UEX-T | 4.330 | Only Uranium fund he owns because the grades are so phenomenal and their price is so cheap, eventually someone will take notice. | 2008-03-17 | |
| BUY | | Seabridge Golds | SEA-T | 25.760 | Has the largest ounces of gold exposure per share on the market. People are assuming that the problems of Nova gold will come to Seabridge. Nova had water issues, but Nova doesn't. The best thing about Seabriges is they are very tight with their shares, have not issued very much stock over the last 5 years. Nothing wrong with the company at all.
Expects that the company will be sold. End game is in around 2 years, but a lot can happen in that time. | 2008-03-17 | |
| BUY | | Noront Resources Ltd. | NOT-X | 5.300 | Owns some, about in the $4 range. Bought because of the geological description. The upside is very very huge. | 2008-03-17 | |
| VAGUE | | Western Gold Fields | WGI-T | 3.080 | It's been doing OK but not as good as some of the other players. They've got 60,000 oz hedges, so is hurting them. A great management team.
If they merge with someone else it would be better. | 2008-03-17 | |
| BUY | | Niko Resources | NKO-T | 82.310 | Done some good things in India, went to Bangladesh and have now added some licenses in Pakistan. They are growing their assets, their cash flow is going to kick in very strongly over the next year or so. They have a great geological team. They've been slow and steady, no mistakes. | 2008-03-17 | |
| SELL | | Sandvine Corp. | SVC-T | 1.240 | Expensive company that has missed earnings twice. Get out! | 2008-03-17 | |
| BUY | | Pelangio Mines Inc | PLG-T | 3.900 | He likes detour (their subsidiary). So by default, PLG is a buy. | 2008-03-17 | |
| BUY | | Timminco Ltd. | TIM-T | 16.100 | Their quality has been improving. Buy for next year, don't worry about what happens today. | 2008-03-17 | |
| TOP PICK | | MagIndustries Corp. | MAA-X | 1.930 | The mini-Canadian pacific. They have a diverse set of assets that they are starting to create value from. They have one of the best pot-ash resources that are coming on stream in the next 5 years. A huge play.
They've also got forestry and metals and energy. They are in the process of breaking up the company. The value of the pot ash itself is worth $5 a share which is more then twice what the stock is now. | 2008-03-17 | |
| TOP PICK | | Yamana Gold Inc. | YRI-T | 16.340 | Had to have a gold, because it's the only play that he has any confidence right now. It's the safest play he's got right now. | 2008-03-17 | |
| Comment | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Advice to people is do nothing, panic is wrong, leverage the house is wrong as well. Buy good companies; if you've got a good company it will prevail. Be cautious of anyone that needs money, and be cautious of any concept type of play. It's the wrong type of market for that.
| 2008-03-17 | |
| TOP PICK | | Points International Ltd. | PTS-T | 2.600 | Award points exchange program. A growth stock that has become a value stock. Stock price was cut in half in 5 weeks. They had upped their guidance by 50% and came in with 37% higher in December metrics as well as signing more customers. Nothing has gone wrong, but you can now get it at half the price. Expect in a recession people will be trading in their points. If they execute properly, they have a potential global monopoly. | 2008-01-31 | |
| TOP PICK | | 5N Plus | VNP-T | 7.650 | Solar panel play. Has an earnings potential of $.60 over the next 12 to 18 months. They are already profitable. Biggest customer is First Solar (FSLR-Q). Growing at 200% per year. Have a new application going into “phase change memory” to replace “flash memory” so they have a whole new market next year that could be just as big as solar. | 2008-01-31 | |
| TOP PICK | | Coastal Energy | CEN-X | 4.590 | Have onshore and offshore exploration in Thailand. Production is going from about 3600 barrels up to 13,000 next year. Great upside from their exploration offshore blocks and cash flow could be $2.24 over the next 12 months. Very cheap. Very thinly traded. | 2008-01-31 | |
| PAST TOP PICK | | Timminco Ltd. | TIM-T | 13.950 | (A Top Pick Sept 30/07. Up 25.8%.) Half the value of the stock has been destroyed since year and yet they have more contracts and a clean balance sheet. Potential earning power of $2.00. Great solar technology. Still a Buy. Production cost of silicon is $10 a kilogram and can sell it upwards of $60. | 2008-01-31 | |
| PAST TOP PICK | | Pan Orient Energy | POE-X | 11.910 | (A Top Pick Sept 30/07. Up 130%.) Had one well that was a duster about a month ago and the stock dropped. Thailand operation. Well managed. Have great potential. Cost of a well is about $800,000, which they can pay back in about a week. | 2008-01-31 | |
