iso, jim p et al - small/micro cap E&P's ?
...I haven't been following, or trolling for these small/micro's in a while - especially the Canadians. How about a "Top 5" list - with a little comment on each & perhaps cfps & eps #'s/multiples and production growth stats ?
Canadian small cap/micro's really interest me here - anyone follow the "Canadian small caps" closely ?
thanks
PS - curious to see what the OSX does here - right at resistance. Koll - gutsy play on HAL, not a bad one imo, I think SSI- BJS are in a bit weaker & more trading oriented hands but, at OSX 125-130 most of these stocks are "still" ahead of themselves fundamentally. But, we still have that ability at any moment to just ramp as all the drilling & service contracts were so heavilly 2nd Half weighted here; that we could really see some significant upside to sequential qtr to qtr #'s on Q3 reporting - so, if you're not "in" here - it may be too late off of Q3 earnings as the Mo-Mo players will arive on the technical breakout supported by these blow out earnings; but that will create a buying crescendo to sell into imo.
But, could be coming into another "Oct 1997-esque" inflection point here. Could see a record - new alltime OSX index high by year end; then selloff on profit taking & the expectations of Nat Gas finally coming down - with a significant profit taking pullback - setting up another "Spring of 1998-esque" rally that won't go back to prior highs.
My "plan" is to start "levering" up as we clear the Aug CPI/PPI-Fed hurdle & to have the finger on the sell/profit taking triggger on that leg that takes us thru 145-150. I think we could easily see OSX 150-165 by year end - then I'm out - off all margin & down to 50-65% in at the max. I may rotate to some late cycle plays, small caps etc - but; I think the "expectations" peak for the oilpatch may come in Q4- early Q1 2001. Remember the peak valuations for the OSX in the last 97-98 cycle came nearly 9 mos before earnings peaked !
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re: GOLD
O/T - on the earlier question on what Gold Stocks I like :
I prefer those unhedged, or only lightly hedged:
GOLD - also, small % discount on the arb on the FN.TO buyout
HGMCY
AEM
FCX - great value play on both Gold & Copper
...I also like NEM, HM for valuations here on further weakness & being XAU components; less leveraged to the POG (lightly hedged) than the above, but good plays here imo - just hold lesser %'s than the above.
I also like KGC on any & all weakness here for a "penny" play - a takeout candidate, also has decent cash on hand - may make a savy acquistion itself, maybe HL as well as a "penny" small cap.
SIL - for silver exposure; still "trolling" for a couple of small cap - highly levered Silver plays. |
