₪ David Pescod's Late Edition December 20, 2007
TOURNIGAN GOLD (V-TVC) $1.23 +0.01
The good folks at Canaccord that put out the “Junior Mining Weekly” analyst Wendell Zerb, Toni Wallis and Nicholas Campbell along with research associates Adam Melynk and Iris Varga have put together a “Special Edition, 2008 Wish List.” Considering what’s happened in the junior mining sector over the last few months, I can imagine what they would be saying about the mining sector after a couple of beers in a bar.
Anyway they write, “We have assembled our year-end list of junior mining companies that we believe have upcoming exploration or development programs that provide excellent speculative potential...Is it time to accumulate small cap mining/exploration stocks? We review important factors that will influence the sector and justify our opinion that yes, it is that time.”
They have accumulated a list of 21 stocks where they think both timing and more importantly, hoped-for success, could be just around the corner. Anyway, it’s a good look at these 21 stories in particular, plus an overview of the market at this time.
There are a couple of stocks contained that have some pretty good upside should they reach the analysts expectations, but then there’s a lot of junior miners these days that if they just get back to where they were, you’d be happy. For copies, e-mail Debbie at debbie_lewis@canaccord.com.
POINTS INTERNATIONAL (V-PTS) $3.51 +0.11
HELP!!! We need some help ... Back on December 17th, when we did our little issue of “Stocks that Could Change your Lifestyle” and asked some of our favorite stock pickers to name just one stock that should it work out, could make a huge change in a persons portfolio.
Peter Hodson who has had an awesome year running the Sprott Growth Fund, had said some rather aggressive things about Points International. He wrote, “it is rare to get a chance to buy a potential global monopoly in its early stages. We have yet to see ANY competition to Points’s exchange system, and with Microsoft and Google as partners already they are quickly expanding into different verticals, and already have a global presence.”
What they are talking about, is with so many fractional ownerships, time shares and the like in the world plus points for travel systems, and you name it, there is suddenly a huge market out there for someone that could put different time shares together with people who want to be in that particular place. Having some of those kind of things, we’ve used some of the current better-known exchanges that we have found very expensive and we are not all that happy with it.
We are looking for some folks out there who have used the Points International system and found it either good ... or not so. They have already transacted 33 billion points so far so obviously people are using them. Just e-mail your comments to Debbie at debbie_lewis@canaccord.com.
OILEXCO INC. (T-OIL) $12.65 -0.43
Josef Schachter (everyone’s favorite oil and gas commentator) once again visits BNN on Wednesday (go to www.bnn.ca and watch past videos from Wednesday at 10:30) and single-handedly moved the stock of Accrete Energy (GZ) which he picks as his number one stock on this particular visit.
Oilexco is, as usual, in his top three and over the last while, Schachter has done himself well by staying with the Oilexco choice...but has done himself a bit of a disservice by maintaining a loyalty and a hope that sooner or later people will care about natural gas. He makes his argument for natural gas that sooner or later we will have a cold winter, that with drilling dropping, high depletion rates, smaller pools being discovered, sooner or later gas has to go up.
While maybe we won’t have a cold winter...drilling continues at high levels in the U.S. for gas where costs are lower and there is a whole bunch of gas being discovered offshore Trinidad that has to go somewhere and that’s before you get to Venezuela where some of the biggest discoveries are being found and some of that goes where?
Probably to the States, so there are arguments against natural gas ever having its day in the sun but anyway, back to Oilexco where Schachter makes one pretty astounding comment.
“The weather in the North Sea you can never count on” he suggests and could put their scheduling way behind, but he suggests, “there is a potential for the fourth quarter of 2009 for Oilexco to be flowing as much as 100,000 barrels a day, which means it would be generating a cash flow, higher than the stock is currently trading at.”
PAN ORIENT (V-POE) $13.75 +0.59
COASTAL ENERGY (V-CEN) $3.95 +0.08
While much of the natural resource sector is suffering and once again, we see something like 10 stocks hitting new highs while 90 stocks hit new lows, there are still a few stories that are standing out and who would have thought Thailand would become one of the hotbeds of investing success in oil and gas.
No sign of a Stelmach to mess up the royalty regime and lots of success and exploration. Warren Vebonac of Octagon fame has been a fan of Pan Orient since $4.00 and wow—has it gone! And Fred Kozak is a fan of Coastal Energy.
For reports on either company, e-mail Debbie at Debbie_lewis@canaccord.com.
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