STOCKCHASE

Potash Corp of Saskatchewan

39.450

(A Top Pick Oct 28/10 Up 22.91%.) 5.25% yield. Doing a great job of cutting costs. Doing all the right moves.

2011-11-25

DON'T BUY

Encana Corp

ECA-T

18.870

Now at a 52 week low. 4.6% yield is phenomenal for an oil company. Great management. The only flaw is that they are in the gas business. There is no hope for gas prices over the next year. She would own this one big time when the first LNG plant starts exporting. Canadian plants are scheduled to start in 2015.

2011-11-25

DON'T BUY

POT-T

42.940

Fantastic company with good management and good products. The problem is that potash is an ingredient that you can skip 3 years compared to other fertilizers and nutrients. During financial difficulties, farmers will skip potash.

2011-11-25

DON'T BUY

Power Corp

POW-T

21.590

Fabulous management. Financials worldwide are just undesirable. If Europe has bad news, all the global financials suffer. Once the European crisis is solved, then she would be interested.

2011-11-25

DON'T BUY

Sunlife Financial

SLF-T

18.320

Dividend yield is almost 8% now. In the short term, low interest rates and a really lousy equity market spells death to financials, especially insurance companies.

2011-11-25

DON'T BUY

Teck Resources Ltd. (B)

TCK.B-T

32.660

China, which has been pretty much immune to problems, is now having difficulty exporting. She reduced her exposure to base metals earlier this year. Likes it for the long-term, but in the short term there is not that much good news.

2011-11-25

PAST TOP PICK

8.630

(A Top Pick Oct 28/10. Down 28.89%.) 5.8% dividend yield and a rock solid balance sheet so there is low risk of the dividend being cut.

2011-11-25

PAST TOP PICK

8.630

(A Top Pick Oct 28/10. Down 28.89%.) 5.8% dividend yield and a rock solid balance sheet so there is low risk of the dividend being cut.

2011-11-25

PAST TOP PICK

7.400

(A Top Pick Oct 28/10. Down 21.02%.)

2011-11-25

TOP PICK

MI Developments

MIM-T

31.850

Owns real estate and leases it to Magna (MG-T). Have increased their dividend so that yield is now 6.8%. Will be converting into a REIT. Also wanted to diversify away from Magna by acquiring other properties.

2011-11-25

TOP PICK

Gibson Energy

GEI-T

19.190

Oil trucker. Fantastic earnings. Have a growth profile ahead of them. Have suggested that they will grow the dividend along with their earnings.

2011-11-25

WEAK BUY

Bombardier Inc (B)

BBD.B-T

4.030

It’s cheap enough to own. It is not one of the their favourite stocks. Thinks this is a growth sector. The demand for all kinds of planes will be there. Sell it out $2 higher.

2011-09-23

TOP PICK

Sherritt International Corp.

38.590

(Top Pick Oct 28/10, Up 19.35%) People prefer dividends to bond yields. You need stocks that pay dividends in this volatile market.

2011-09-23

WAIT

Newmont Mining (US)

NEM-N

62.860

Moves with rare earths, whose price has been declining. It is one of the better players. A sustainable model. They can do well in a normal environment. Let this one settle before buying it.

2011-09-23

SPECULATIVE BUY

Research In Motion

RIM-T

21.980

A tough one. Obviously very inexpensive. Numbers were not great last quarter and strategy seems to be broken. Lost investors trust. Guidance has not been right and a lot of products have not been successful. Not sure they can be taken over but it is possible. Good things could happen to it but she says it is an unloved stock in a volatile market.

2011-09-23

BUY

S-T

4.420

Have coalmines in Canada. Nickel mine in Madagascar. Supposed to come on in early 2012. Question is whether it will work when you turn the switch on. They know the technology and put it in for other mines.

2011-09-23

WAIT

Teck Resources Ltd. (B)

TCK.B-T

30.730

There is nothing wrong with it per se except for the environment. There is slowing demand for coal. Both demand and production are slowing down. It is not a good time to buy it with all the uncertainty in Europe. Buy high yield dividend stocks.

2011-09-23

PAST TOP PICK

A Comment -- General Comments From an Expert

8.300

(Top Pick Oct 28/10, Down 32.26%) Surprised because it has a brand new dividend yield. It is one of the few where the dividend has not helped the stock. A PE of about 4 and it is worth more than 4.

2011-09-23

BUY

Telus Corp

T-T

51.730

Shaw’s Wifi strategy should be good for Telus, but it hasn’t moved. It did well because of the high yield. She likes it. Fundamentals are decent.

2011-09-23

BUY

Wi-Lan Inc.

WIN-T

6.160

Thinks if they win Mosaid it would be a hugely attractive acquisition. If they don’t win, it won’t make much difference to the price. They could easily be a takeover target some day.

2011-09-23

N/A

A Commentary

0.020

Last time she came was the first time she didn’t pick a gold stock. Gold has work to do. She thinks we are peaking and is too risky. You are going to look at a difficult economic environment so why look at copper. Why bother.

2011-09-23

PAST TOP PICK

8.350

(Top Pick Oct 28/10, Up 1.39%)

2011-09-23

TOP PICK

MI Developments

MIM-T

28.640

New management wants to make this into a real company. In the process of strategizing. They want to diversify. The next good news will be the announcement of a real dividend and it should re-value the company.

2011-09-23

TOP PICK

Guardian Capital Group

GCG.A-T

9.750

A space that is getting a lot of M&A activity. She is not suggesting there is anything imminent but she thinks one day they would be an attractive takeover target. Is down $2 from the peak and is a good entry point.

2011-09-23

WEAK BUY

Bombardier Inc (B)

BBD.B-T

5.750

Getting to the point where it looks like it is a trading buy. She is not a huge fan. They have had a bunch of poor news. Governments have lots of debt and are restricted in spending and a lot of this company’s products are government-funded. It will be a while before they have sufficient orders on the new plane to start production.

2011-07-27

HOLD

Valeant Pharmaceuticals

VRX-T

52.750

Fundamentally very attractive. Buying a lot of products. Have done 2 deals recently. As long as this shopping spree lasts, the company should continue to do well. Aggressive management.

2011-07-27

TOP PICK

Cameco Corporation

CCO-T

25.840

All uranium stocks have been beaten down after the Japanese disaster. Countries like India and China will continue with their programs. Good time to acquire uranium stocks.

2011-07-27

BUY

Canadian National R.R.

CNR-T

71.330

This is one of those companies you should hold in your portfolio for a long time. Expects it to continue to outperform Canadian Pacific (CP-T).

2011-07-27

HOLD

Goldcorp Inc

G-T

48.230

One of the better gold companies in Canada. A senior, so you can't expect a lot of growth. All of the gold stocks have been under performing gold. She would rather be a buyer than a seller as it needs to catch up to the bullion.

2011-07-27

PAST TOP PICK

Rogers Communcations (B)

RCI.B-T

36.070

(A Top Pick July 15/10. Up 2.55%.)

2011-07-27

DON'T BUY

Royal Bank

RY-T

51.330

Last quarter was a big mess relative to all the other banks, which were basically in line. Relied very heavily on wholesale banking and trading. All volumes were very low, so she doesn't expect it to do well this quarter either. Not an exciting strategy.

2011-07-27

Comment

Wi-Lan Inc.

WIN-T

9.060

Has been reaching new highs. One analyst has a target of $16. It has attractive companies.

2011-07-27

HOLD

Lake Shore Gold

LSG-T

2.380

Have attractive exploration potential and attractive ore bodies. Have been too aggressive with the guidance and are not executing. Doesn't think there's anything horribly wrong with the company. They need a new production management team. All the bad news is now in this stock. Not her favourite name.

2011-07-27

PAST TOP PICK

A Comment -- General Comments From an Expert

15.020

(A Top Pick July 15/10. Down 6.85%.)

2011-07-27

Comment

A Commentary

0.020

Market. Even if the US comes to an agreement on the debt ceiling, it is still going to be a mess for a while. It won't be like they have solved all of their problems. Difficult global environment. Has been as high as 25% in cash as of May but is currently whittling this down.

2011-07-27

Comment

Denison Mines Corp

DML-T

1.900

A lot of Japanese plants have postponed uranium deliveries so it is anticipated that deliveries will be lower than anticipated. Thinks this is a great uranium buying opportunity for the long-term. This one would not be her first choice. (See Top Picks.)

2011-07-27

PAST TOP PICK

7.860

(A Top Pick July 15/10. Up 16.18%.)

2011-07-27

TOP PICK

Canyon Services Group

FRC-T

15.200

Fracing business with longer horizontal legs and doing bigger fracs. There seems to be a shortage of fracing equipment in North America. It is expected that prices will be going even higher in the 4th quarter. Have fantastic margins, which will be greater in future.

2011-07-27

TOP PICK

Guardian Capital Group

GCG.A-T

11.320

Sold part of their business to Bank of Montreal (BMO-T) so they own a large chunk of this bank’s stock plus other investments. This basically represents what the stock is trading at. If this was ever acquired it would go at a higher price.

2011-07-27

PAST TOP PICK

Labrador Iron Mines Holdings Ltd.

35.410

(A Top Pick Oct 28/10. Up 6.43%.) Still likes.

2011-03-02

HOLD

LIM-T

13.890

Analysts have high teens for the stock price. In a funny position. Build a project but can’t operate it in the winter so they wait for spring before starting. Providing everything starts up OK, you are going to see a bump in the stock. They are taking of expanding (Doubling) the project again. If so, the stock will go higher.

2011-03-02

WAIT

Niko Resources

NKO-T

82.000

Have some fantastic drilling prospects but there is no major drilling going on this year. Didn’t make production. Wouldn’t Hold for the next 6 months but would consider Buying towards the end of this year.

2011-03-02

BUY

Precision Drilling

PD-T

11.870

Wouldn’t be one of her all time favourite service companies but she likes it here. With present oil prices there will be lots of drilling. Cheap (See Top Picks.)

2011-03-02

HOLD

Potash Corp of Saskatchewan

POT-T

59.820

Thinks potash prices are going to head higher. In the long run, a fantastic Hold. Seasonality, after the spring you can consider taking some profits.

2011-03-02

WATCH

Royal Bank

RY-T

56.940

Has been the under performer of all the Cdn banks. Reporting very soon, so you’ll have to wait. If they disappoint viz. a viz. the other banks, it’s going to be ugly.

2011-03-02

BUY on WEAKNESS

Shoppers Drug Mart Corp

SC-T

40.180

Liked it a couple of $’s ago when all the bad news was in the stock. This is a stock that you will never get at 10X earnings. Class act with great management. Questions how the generic drug situation will work out.

2011-03-02

TOP PICK

Suncor Energy Inc

SU-T

46.020

Very liquid so you can trade in and out. Undervalued compared to its peers. Have consolidated their merger and thinks they can post some really interesting numbers and have some fantastic assets.

2011-03-02

PAST TOP PICK

A Comment -- General Comments From an Expert

14.000

(A Top Pick Oct 28/10. Up 13.72%.) Still likes.

2011-03-02

Comment

Yamana Gold Inc.

YRI-T

12.570

Couple of years ago was having trouble making their quarters. Over promising and under delivering. In gold, that’s a No-No. Have been in the penalty box. Delivered last 2 quarters. Good growth ahead of them with 3 o 4 new projects but they don’t come on until 2012. Fantastic story for 2013 but she questions how investors will handle it over the next year. Expects people will start looking forward to it next year. Cheap on 2012 production. If they spin out their copper/gold deposit, it could add a couple of $’s to the stock.

2011-03-02

Comment

A Commentary

0.020

Because of high oil prices and the fact that it cold stay high and affect the economy, she is switching economically sensitive sectors such as copper and industrial products into oil.

2011-03-02

PAST TOP PICK

Tuscany International Drilling

12.440

(A Top Pick Oct 28/10. Up 34.47%.) Still likes.

2011-03-02

Comment

Air Canada (B)

AC.B-T

2.840

Higher oil prices are going to hurt them. Prior to the middle east problems, traffic was picking up, pricing was getting better and everything was indicating they could have a really good year. This is one of the most sensitive companies to higher oil prices. If oil prices are down below $100 by June, we are OK otherwise you don’t want to own.

2011-03-02

TOP PICK

TID-T

2.040

Taking brand new equipment into Latin America where there is a lot of antiquated drilling equipment so there won’t be competition. Good management. Will grow the company and probably be taken over 4-5 years down the road. Lots of opportunity ahead as they’ve just started to penetrate the market.

2011-03-02

TOP PICK

Midway Gold

MDW-X

1.920

Gold. 3 main projects, which they are proceeding to put into action. One of them a joint venture with Barrick (ABX-T). All in Nevada. Cheap. Also listed in the US so will be attractive to US investors.

2011-03-02

TOP PICK

Canadian Imperial Bank of Commerce

33.860

Dividend story. Has raised dividends since the bottom and management is making little tuck-in acquisitions, which might amount to something someday creating a little bit of growth.

2010-10-28

DON'T BUY

CM-T

76.840

Not crazy about banks from an earnings standpoint. Housing market is slowing down, which is a big part of their loan books. Doesn't expect unusual performance out of any of them. Least expensive bank so has the highest yield.

2010-10-28

DON'T BUY

Inmet Mining

IMN-T

59.940

Well managed and a nice balance of metals. Having issues with meeting production and as long as this happens there will be improvement in the stock price. Should be making their numbers by next year but won't be a big performer.

2010-10-28

BUY

Rogers Communcations (B)

RCI.B-T

37.100

(A Top Pick July 15/10 Up 1.12%.) Recently had a big drop in this happens a lot because of fears of competition. They have certainly delivered bottom line. This is when you should be accumulating the stock and taking profits when it goes over $40.

2010-10-28

DON'T BUY

Royal Bank

RY-T

54.120

Not crazy about banks from an earnings standpoint. Housing market is slowing down, which is a big part of their loan books. Doesn't expect unusual performance out of any of them.

2010-10-28

TOP PICK

12.850

Newspapers. Sold their investment in CTV and will hopefully increase their dividend, which the market likes. Nice cash flow and low debt.

2010-10-28

DON'T BUY

Yamana Gold Inc.

YRI-T

11.110

Has not been doing well because they missed a lot of their production forecasts. As long as that keeps happening, the stock is going nowhere.

2010-10-28

PAST TOP PICK

19.770

(A Top Pick July 15/10. Up 17.61%.) Still likes.

2010-10-28

TOP PICK

9.380

Gold. Exploration, not production but has an identified resource. In Ontario so no political risks. Very large exploration budget and has been very successful. Have allocated money for 2011 program. Extending their drilling deeper where grades are better. Expect to see a new and larger resource by next year.

2010-10-28

Comment

Detour Gold

DGC-T

29.690

Has had an incredible move and she is tempted to peel back on her holdings but wouldn't sell the whole position.

2010-10-28

BUY

Centamin Egypt

CEE-T

2.830

Likes this one primarily because there is far more gold to be found on their Egyptian property. Now that they are in production they can do further exploration and she expects significant increase in resources over time.

2010-10-28

BUY

Sherritt International Corp.

8.170

(A Top Pick July 15/10. Up 18.08%.) Palladium, platinum and gold. Just put in some drill holes in their newly acquired land position and found the ore body extended to the new land. Wouldn't be surprised if it became a takeover.

2010-10-28

Comment

Kinross Gold

K-T

16.750

This stock has been out of favour because the market thinks they are going to overpay making an expensive acquisition. Would prefer staying with the mid-caps. (See Top Picks.)

2010-07-15

SELL

Manulife Financial

MFC-T

15.730

As long as stock markets are not robust and interest rates remain low, this is a negative for this company.

2010-07-15

BUY

Niko Resources

NKO-T

100.350

Has been a fantastic story and exploration potential is still very good. Seems that international stocks want to do better than the Canadian story. Expects there is more to come.

2010-07-15

TOP PICK

Rogers Communcations (B)

RCI.B-T

36.950

Likes to limit the risk in her portfolio. New Competition is having a hard time attracting the attractive part of cellular use. Attractive yield. Talking about increasing dividends.

2010-07-15

Comment

Research In Motion

RIM-T

57.890

Been frustrating for Canadian portfolio managers. American analysts hate it and have it as a Short versus Apple (AAPL-Q) as a pair trade. Move into the consumer sector is not giving the robust and sexy phones that iPhone has. Cheap at 12X earnings. Unofficially they are supposed to be coming up with a fantastic new device.

2010-07-15

HOLD

Semafo Inc

SMF-T

7.390

Gold in West Africa. The recent exploration success they have had is in Burkina Faso where there is not a great political risk. However holdings in Niger are a political issue but are not the exciting part of this company.

2010-07-15

DON'T BUY

S-T

6.500

Major play on nickel with facilities in Cuba and Madagascar. Madagascar mine is going to be a very expensive project, which is kind of clouding the stock. Wait until they come into production before buying.

2010-07-15

BUY on WEAKNESS

Cineplex Inc

CGX-T

18.840

6.6% yield, which will not change when they convert. Dead money over the next quarter or two because of weaker movie releases this year compared to last. Looking at Harry Potter in 3-D, which will be good for the 4th quarter.

2010-07-15

TOP PICK

16.640

Good management and have a wealth of prospects. Possible split of the company.

2010-07-15

BUY

Paladin Resources

PDN-T

3.390

Interest seems to be building up on uranium. There will be a shortage of uranium but projects are very tough to bring into production. This is the exception in that they have delivered whatever they promised. Best management team.

2010-07-15

TOP PICK

6.860

Have an interesting gold/platinum/palladium property and exploration has been incredibly successful. Have just gained some additional ground with an existing ore body and will be exploring it.

2010-07-15

TOP PICK

Astral Media

ACM.A-T

35.390

A value play. Fantastic management. Reported better numbers in Q4 indicating a turnaround. Deserves a better multiple than they are trading at.

2010-03-26

DON'T BUY

Talisman Energy

TLM-T

16.870

Likes the turnaround story here. Have been very successful in selling and buying assets. The problem is, there is no growth and will take another year or two.

2010-03-26

SELL ON STRENGTH

Uranium One Inc.

UUU-T

2.640

Doesn't particularly like this story because of the Kazakhstan political risks. Recently raised some money so perhaps they will make an acquisition. Uranium has been in a decline. Sell on good news.

2010-03-26

HOLD

17.200

Good management, which is done all the right things. Attractive suite of properties they are drilling.

2010-03-26

DON'T BUY

San Gold Corporation

SGR-T

3.200

In production. Have been finding some new very high-grade veins of gold nearby but may have been built into the price. Not her favourite.

2010-03-26

BUY on WEAKNESS

Bankers Petroleum

BNK-T

9.230

Re-working old oil fields in Albania with modern technology. Also doing their own exploration drilling using horizontal extraction. Expect it will be taken over. Has had an incredible run and would be interested at $8 or less.

2010-03-26

DON'T BUY

Questerre Energy

QEC-T

3.950

Utica shale gas play. Very attractive land position. You need to have a long span in mind as there is not much infrastructure and you need pipelines, etc. For the short term, stock is fairly valued but okay for 3 years out.

2010-03-26

BUY

Centamin Egypt

CEE-T

1.850

Expects the extent of the ore body will prove up much more reserve than they have and will continue increasing their production. Likes it for the long run.

2010-03-26

HOLD

Thompson Creek Metals

TCM-T

13.410

Molybdenum and copper and hasn't been much movement in either commodity in the last several months. Should make an acquisition to get their growth profile more attractive. Good management. Great hold for the long term.

2010-03-26

TOP PICK

6.900

Platinum/palladium high-grade ore body in Brazil. Could be a takeout candidate. Waiting for a permit and a land deal so there will be several developments in the next couple of months.

2010-03-26

TOP PICK

Legacy Oil + Gas Inc.

LEG-T

13.100

Drilling in the Bakken area but also looking in several other areas. Exposure to light oil gives them huge netbacks creating a lot of cash they can deploy into exploration. Likes management. On a 3 year view you can buy now but for a short-term view, wait for a pullback.

2010-03-26

Comment

Ventana Gold Corp

VEN-T (Dead)

9.400

Gold. An attractive name if the ownership dispute gets resolved favourably, which he expects. Could also be a takeover.

2010-03-26

TOP PICK