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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Scott Mc who wrote (2818)	3/13/2002 5:51:55 PM
From: Scott Mc	Respond to of 11633

Even UET.UN - Ultima Energy Trust was lively today with a new 52wk high, Scott

To: Scott Mc who wrote (2818)	3/13/2002 6:09:03 PM
From: Scott Mc	Respond to of 11633

Its out now, drawdown -140 to 1608, Scott

To: Scott Mc who wrote (2818)	3/13/2002 6:56:52 PM
From: David Alon	Read Replies (1) \| Respond to of 11633

From the Globe, Best Bets: Energy stocks seen set for boost -------------------------------------------------------------------------------- Advertisement Read breaking news now... Top stories Business news Technology news Sports news -------------------------------------------------------------------------------- By SHIRLEY WON 08:09 EST Tuesday, March 12, 2002 Fund manager Tom Stanley is bullish on energy stocks, saying they have had a nice rebound recently after being hammered by falling commodity prices. "Energy stocks didn't do particularly well in the second half of last year due to the weakness in the economy, and very mild weather this winter," says the small-capitalization specialist with Toronto-based Thomson Kernaghan & Co. Ltd. But a recovering economy and tensions in the Middle East oil producing countries are factors that may be giving the sector a boost now, he suggests. Mr. Stanley, who has 45 per cent of his Resolute Growth Fund in energy and coal producers, says he is positive on the sector over the longer term because "the world is going to need a lot more oil and natural gas. . . . One of the most understated stories of the last 10 years is the growth in the Chinese economy." Mr. Stanley, who buys both growth and value stocks, also expects small-cap stocks to outperform their larger peers this decade after their weak performance in the 1990s. Studies show that small-cap stocks do better than large caps over the long haul, and "I do believe in trends returning to the norm," he adds. Stocks he recently bought or added to existing positions include: Acktion Corp. (ACK-TSE): The Toronto-based real estate investment company, which owns Goldlist Properties Inc. among its holdings, closed yesterday at $19.75. The stock hit a 52-week low of $15.10 last March, and a 52-week high of $19.94 on March 8. Mr. Stanley likes Acktion, saying it trades at two-thirds of book value at about $28 a share, and seven times trailing earnings of $2.86 a share. He says Acktion is a well managed company which has been "fairly aggressive" in buying back its own shares. Acktion also has a 2.6-per-cent dividend yield. Sherritt International Corp. (S-TSE): The Toronto-based resource conglomerate, which closed yesterday at $4.64, traded at a 52-week low of $3.50 last September, and a 52-week high of $5.94 last June. It has nickel mining and other interests in Cuba and owns part of Luscar Energy Partnership with Ontario Teachers Pension Plan Board. Mr. Stanley says the profitable company trades at half of book value of over $8 a share. He says the stock is cheap partly because the company stopped paying a dividend last fall, and the "perceived risk" of being invested in communist Cuba. Investors have "overreacted to that risk," he argues. Hillsborough Resources Ltd. (HLB-TSE): The Vancouver-based coal miner, which closed yesterday at 42.5 cents, traded at a 52-week low of 33 cents in December and a 52-week high of $1.39 in May. Mr. Stanley says the company operates a coal mine — Quinsam Coal — on Vancouver Island, and should benefit from any rise in commodity prices. "Coal is a very important source of energy in North America with just over half of the electricity requirements in the United States produced by coal," he says. Hillsborough is a profitable, well managed company whose location enables it to ship coal easily, and it also has the potential to produce significant amounts of coal bed methane from its properties, he adds. Among the stocks mentioned in an interview with Mr. Stanley for Best Bets on July 31, his choice of oil and gas services company, Canadian Crude Separators Inc. (CCR-TSE), which then closed at $5.80, has surged 59 per cent to a 52-week high of $9.20 on March 7. The stock closed yesterday at $9.10. He still holds and likes Tappit Resources Ltd. (TPT-TSE), Aecon Group Inc. (ARE-TSE) and Continental Home Healthcare Ltd. (CHT-TSE). Best Bets outlines what professional money managers are buying and selling. swon@globeandmail.ca. Copyright © 2001 The Globe and Mail