beabaggage's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/237658/comments http://seekingalpha.com/article/167456-canadian-royalty-trusts-will-dividends-rise-or-fall?source=feed#comment-728004 728004 we all should have sold then, they are way down from then due to Harper's madness in CN and the low price of NG.
HTE bot by Korea for a song, $10 unit CN. they take over a refinery in a strategic place north atlantic in tip top shape, a foot hold in oil sands (pwe only independent w oil sands assets left) and a bunch of debt from the refinery acquisiton. harper is selling cn to the highest bidder. 1/1/2010 the foreign tax on divs goes to 25% on most of these trusts from 15%, you can only claim so much on your US Taxes like $300 or so. EWC best way to play CN or a closed end fund like OGF-UN. TO or VIP-UN.TO, Brompton funds managed by Manulife, very conservatively since they started managing. nice divs. PVX has paid debt way down, sold their US assets at the top of the market 7/08 and fringe assets recently.

long OGFun, VIPun, PWE, PVX, sold my HTE at the annoucement for $9.36 US. ERF on my radar but is overpriced now.
check out Consumerswaterheatersi... trust, a good one recently reduced div debt all restructured way down, pays .054 mo CN not subject to 25% only 15% in US net eff yield is about 10% on current US price. cash flow cow. hidden asset in smart meter business in CN. long that too. CN has helped me get back to "even" but it has been a struggle. short brazil that is the next bubble to burst. ]]> Fri, 23 Oct 2009 21:49:53 -0400 we all should have sold then, they are way down from then due to Harper's madness in CN and the low price of NG.
HTE bot by Korea for a song, $10 unit CN. they take over a refinery in a strategic place north atlantic in tip top shape, a foot hold in oil sands (pwe only independent w oil sands assets left) and a bunch of debt from the refinery acquisiton. harper is selling cn to the highest bidder. 1/1/2010 the foreign tax on divs goes to 25% on most of these trusts from 15%, you can only claim so much on your US Taxes like $300 or so. EWC best way to play CN or a closed end fund like OGF-UN. TO or VIP-UN.TO, Brompton funds managed by Manulife, very conservatively since they started managing. nice divs. PVX has paid debt way down, sold their US assets at the top of the market 7/08 and fringe assets recently.

long OGFun, VIPun, PWE, PVX, sold my HTE at the annoucement for $9.36 US. ERF on my radar but is overpriced now.
check out Consumerswaterheatersi... trust, a good one recently reduced div debt all restructured way down, pays .054 mo CN not subject to 25% only 15% in US net eff yield is about 10% on current US price. cash flow cow. hidden asset in smart meter business in CN. long that too. CN has helped me get back to "even" but it has been a struggle. short brazil that is the next bubble to burst. ]]> http://seekingalpha.com/article/141566-oil-the-price-is-right?source=feed#comment-559263 559263 collecting divs while all this sorts out is the key. i hope the oil report shows big draw down, gotta figure w school out a LOT of folks went away last week, who knows! ]]> Tue, 23 Jun 2009 14:24:38 -0400 collecting divs while all this sorts out is the key. i hope the oil report shows big draw down, gotta figure w school out a LOT of folks went away last week, who knows! ]]> http://seekingalpha.com/article/143167-natural-gas-the-next-big-thing?source=feed#comment-546942 546942 utilities looking to improve margins that can do so may use NG for summer needs, helping, plus storage being nearly full means producers will have to stop producing so much- there is no where to put it! and yes as others have commented, oil can go back to $35.
China is talking a W shaped recovery in their market after stimulus wears down, see G-8 meeting comments. dollar will come back (albeit temporarily) and 10ytreas will rise. summer will be tough with all the dealership/plant closings and related fall out. back to school could be tough also, setting up for a Sept/Oct retest of market lows taking commodities with it. safe haven money will flow back into treasuries and gold, more stimulus will be needed but harder to push thru with 2010 elections looming next- and we are back to where we were, maybe worse.

so NG may be a short-term play, 4-5$ range bound probably for a while.]]> Mon, 15 Jun 2009 09:07:07 -0400 utilities looking to improve margins that can do so may use NG for summer needs, helping, plus storage being nearly full means producers will have to stop producing so much- there is no where to put it! and yes as others have commented, oil can go back to $35.
China is talking a W shaped recovery in their market after stimulus wears down, see G-8 meeting comments. dollar will come back (albeit temporarily) and 10ytreas will rise. summer will be tough with all the dealership/plant closings and related fall out. back to school could be tough also, setting up for a Sept/Oct retest of market lows taking commodities with it. safe haven money will flow back into treasuries and gold, more stimulus will be needed but harder to push thru with 2010 elections looming next- and we are back to where we were, maybe worse.

so NG may be a short-term play, 4-5$ range bound probably for a while.]]> http://seekingalpha.com/article/127817-using-drips-for-faster-compounding-of-dividends?source=feed#comment-439892 439892
the drips are killing us too these days with fees.

so they are good, agree somewhat, but find one without fees and a discount and be aware.

what I do now is take all my divs ea month and average into another buy, since my Fidelity is at 8$ to trade, it costs very little to do this. so if I buy 200 shares of PGH to add to that, the fee is lower and I can manage my portfolio better. ]]> Wed, 25 Mar 2009 13:50:22 -0400
the drips are killing us too these days with fees.

so they are good, agree somewhat, but find one without fees and a discount and be aware.

what I do now is take all my divs ea month and average into another buy, since my Fidelity is at 8$ to trade, it costs very little to do this. so if I buy 200 shares of PGH to add to that, the fee is lower and I can manage my portfolio better. ]]> http://seekingalpha.com/article/112409-penn-west-still-shaky-after-cutting-distribution?source=feed#comment-363241 363241 Thu, 22 Jan 2009 14:02:55 -0500 http://seekingalpha.com/article/115806-without-exception-drilling-companies-face-tough-times?source=feed#comment-362962 362962 thing is, if they can pay 48c CN, which they may be able to, the yield is not bad, so I am holding now, but any spike in price I am out, shudda sold at $10 last month. ]]> Thu, 22 Jan 2009 10:14:13 -0500 thing is, if they can pay 48c CN, which they may be able to, the yield is not bad, so I am holding now, but any spike in price I am out, shudda sold at $10 last month. ]]> http://seekingalpha.com/article/112409-penn-west-still-shaky-after-cutting-distribution?source=feed#comment-362944 362944 consolidation will keep a floor under canroy stock prices, all it will take is one deal and bam, we will see pop where yields make more sense. ]]> Thu, 22 Jan 2009 10:06:31 -0500 consolidation will keep a floor under canroy stock prices, all it will take is one deal and bam, we will see pop where yields make more sense. ]]> http://seekingalpha.com/article/112583-oil-income-stocks-decline-to-new-price-lows?source=feed#comment-341257 341257 Tue, 30 Dec 2008 08:36:13 -0500 http://seekingalpha.com/article/112573-3-top-and-bottom-market-sectors-for-this-week?source=feed#comment-341239 341239 Tue, 30 Dec 2008 08:26:01 -0500 http://seekingalpha.com/article/112527-ashford-hospitality-aircastle-enhance-liquidity?source=feed#comment-341233 341233 Tue, 30 Dec 2008 08:21:01 -0500 http://seekingalpha.com/article/111553-what-s-driving-precision-drilling-trust-into-the-ground?source=feed#comment-334636 334636 Southwestern Energy and Equitable Res. US co's stll have annouced and confirmed recently massive US drilling in 2009, which PDS nimble mgmt can now take advantage of w GW and expiration of noncompete from old US divestiture. Long term these PDS shares will be good holding IF they can rapidly paydown/refi the debt when things get better.
we shall see, annual report will be very good reading this year for clues.
what are you supposed to buy/ RIG? they fled to Switzerland this week, an analyst said Swiss Franc is the next Iceland. If you want to own a driller, and with marcellus/etc. still hot you should own one, safe country CN potential currency appreciation play is a good hold. ]]> Sat, 20 Dec 2008 13:10:01 -0500 Southwestern Energy and Equitable Res. US co's stll have annouced and confirmed recently massive US drilling in 2009, which PDS nimble mgmt can now take advantage of w GW and expiration of noncompete from old US divestiture. Long term these PDS shares will be good holding IF they can rapidly paydown/refi the debt when things get better.
we shall see, annual report will be very good reading this year for clues.
what are you supposed to buy/ RIG? they fled to Switzerland this week, an analyst said Swiss Franc is the next Iceland. If you want to own a driller, and with marcellus/etc. still hot you should own one, safe country CN potential currency appreciation play is a good hold. ]]> http://seekingalpha.com/article/111265-canadian-oil-offers-more-bang-for-the-u-s-buck?source=feed#comment-333002 333002 Oh Canada, Glorius............]]> Thu, 18 Dec 2008 10:09:45 -0500 Oh Canada, Glorius............]]> http://seekingalpha.com/article/111412-risky-opportunity-awaits-in-junior-gold-sector?source=feed#comment-332990 332990 Love how gold fell 25% and the world said gold's rise is over! that is a blip on a gold chart. here we go up again.
if you want to see a real chart, look at the inflation adjusted gold chart in the new Natl Geographic that adjusts gold back to 1700 in 2008 $, that makes early 80's spike price $2k and we are only in the 850 range, so a true spike would be 2-3k. very interesting that gold was inflation adj 1k for most of the 1700's. imagine the inflation in the 1700s with all the gold coming from new sources in the world then. you just have to own some gold and down trodden juniors and select majors are the way to go. ]]> Thu, 18 Dec 2008 10:05:21 -0500 Love how gold fell 25% and the world said gold's rise is over! that is a blip on a gold chart. here we go up again.
if you want to see a real chart, look at the inflation adjusted gold chart in the new Natl Geographic that adjusts gold back to 1700 in 2008 $, that makes early 80's spike price $2k and we are only in the 850 range, so a true spike would be 2-3k. very interesting that gold was inflation adj 1k for most of the 1700's. imagine the inflation in the 1700s with all the gold coming from new sources in the world then. you just have to own some gold and down trodden juniors and select majors are the way to go. ]]> http://seekingalpha.com/article/109708-time-to-revise-our-gold-expectations?source=feed#comment-323902 323902 We will see who is around longer, Credit Suisse or Northgate (as a stand alone company or part of some other major gold producer at some point!)

Long NXG and I read the reports and updates, not liek this idiot.
NXG producing 130,000 oz of gold this quarter, that is $100million of gross cash plus some copper offset and lower fuel and supply costs. Plus copper hedges from 6/09 on for Kemess South at north of $2.50 a lb. ]]> Mon, 08 Dec 2008 12:24:55 -0500 We will see who is around longer, Credit Suisse or Northgate (as a stand alone company or part of some other major gold producer at some point!)

Long NXG and I read the reports and updates, not liek this idiot.
NXG producing 130,000 oz of gold this quarter, that is $100million of gross cash plus some copper offset and lower fuel and supply costs. Plus copper hedges from 6/09 on for Kemess South at north of $2.50 a lb. ]]> http://seekingalpha.com/article/109662-the-loonie-a-petro-currency?source=feed#comment-323643 323643 CN has no budget deficit and if you look at your chart, there is a nice double bottom on it.
Flood of safe money in TBills at some point back into commodities and continued depreciation of the US $ w make CN$ even more valuable. another person recently wrote a comment on Gold that made a good point- the world has 6Bil people and only 2bil have even heard of investing in commodities. Thus CN strong position with SAFE country assets backing it will make the Loonie stabilize and rise as the world economy turns, so it may be a good time to get into CN stocks, not US ones, which are bargains for sure. Many on my HOT list to add for 2009 when I do my IRA investment. ]]> Mon, 08 Dec 2008 08:56:31 -0500 CN has no budget deficit and if you look at your chart, there is a nice double bottom on it.
Flood of safe money in TBills at some point back into commodities and continued depreciation of the US $ w make CN$ even more valuable. another person recently wrote a comment on Gold that made a good point- the world has 6Bil people and only 2bil have even heard of investing in commodities. Thus CN strong position with SAFE country assets backing it will make the Loonie stabilize and rise as the world economy turns, so it may be a good time to get into CN stocks, not US ones, which are bargains for sure. Many on my HOT list to add for 2009 when I do my IRA investment. ]]> http://seekingalpha.com/article/109582-own-gold-time-to-fold?source=feed#comment-323634 323634
Gold is down on a $ chart because the $ is up on a safe haven play, which is ridiculous as the only way we can get out of the mess we are in is to inflate the hell out of the currency and money supply. Again, Treasury Bubble will also burst and flee into all sorts of things like Gold. The $'s decline will add to Gold's rise. ]]> Mon, 08 Dec 2008 08:49:58 -0500
Gold is down on a $ chart because the $ is up on a safe haven play, which is ridiculous as the only way we can get out of the mess we are in is to inflate the hell out of the currency and money supply. Again, Treasury Bubble will also burst and flee into all sorts of things like Gold. The $'s decline will add to Gold's rise. ]]> http://seekingalpha.com/article/109582-own-gold-time-to-fold?source=feed#comment-323628 323628
good way to play is CEF, next on my list, also long NXG which is way cheap- 130,000 oz of gold being produced this quarter in safe countries/CN/AUS- and GFI (long) which is dirt cheap and pays a div too. A move from $400 to $1000 is not a big move for gold and it is just consolidating now, again, for the next move and probable spikes when the Treasury Bubble moves out into anything and everything. ]]> Mon, 08 Dec 2008 08:45:50 -0500
good way to play is CEF, next on my list, also long NXG which is way cheap- 130,000 oz of gold being produced this quarter in safe countries/CN/AUS- and GFI (long) which is dirt cheap and pays a div too. A move from $400 to $1000 is not a big move for gold and it is just consolidating now, again, for the next move and probable spikes when the Treasury Bubble moves out into anything and everything. ]]> http://seekingalpha.com/article/109578-where-is-penn-west-energy-trust-going?source=feed#comment-323260 323260

On Dec 07 03:37 PM smurphny wrote:

> Caveat Emptor for damned sure. The very existence of the Canadian
> oil trusts is questionable at $20 crude which is a VERY real possibility.
> There may be no money to distribute and no way for the more heavily
> financed trusts to pay their note holders when crude becomes priced
> less than the cost to extract it. U.S. oil and gas trusts, with no
> debt are better energy bets right now because they will at least
> avoid bankruptcy while supplying a necessary commodity at reduced
> levels. Some of the CANROYS will probably be ok because they have
> small amounts of debt but others like HTE may be in trouble should
> the likely scenario of a depression continue to unfold. Averaging
> down to a final price of 0 IS NOT a good idea. "Cheap" at $5 does
> not look like cheap when it falls to $2.50 and the distribution is
> little help. Trade these things right now without regard for distributions
> because getting fixated on them can cost you much more than you will
> ever make back in distributions.]]> Sun, 07 Dec 2008 16:06:54 -0500

On Dec 07 03:37 PM smurphny wrote:

> Caveat Emptor for damned sure. The very existence of the Canadian
> oil trusts is questionable at $20 crude which is a VERY real possibility.
> There may be no money to distribute and no way for the more heavily
> financed trusts to pay their note holders when crude becomes priced
> less than the cost to extract it. U.S. oil and gas trusts, with no
> debt are better energy bets right now because they will at least
> avoid bankruptcy while supplying a necessary commodity at reduced
> levels. Some of the CANROYS will probably be ok because they have
> small amounts of debt but others like HTE may be in trouble should
> the likely scenario of a depression continue to unfold. Averaging
> down to a final price of 0 IS NOT a good idea. "Cheap" at $5 does
> not look like cheap when it falls to $2.50 and the distribution is
> little help. Trade these things right now without regard for distributions
> because getting fixated on them can cost you much more than you will
> ever make back in distributions.]]> http://seekingalpha.com/article/109578-where-is-penn-west-energy-trust-going?source=feed#comment-323256 323256 So consolidation will be the rule of the day and all it takes is one of them to move on the Canroys and they will all fall/merge in rapid succession.

The SIFT tax may come about but with Harper soon gone, retirees needing their divs and CN needing oil and gas production/exploration jobs may cause this 2011 to be delayed or repealed to encourage investment. otherwise the u/e in Alberta, with oilsands being put on hold, will be unbearable to a country used to low u/e and no deficits/strong banks.

As painful as it is, anyway you look at it as a long-term investor in Canroys, you will be rewarded.
Long PWE, PVX,PGH,HTE, AAV, OGF.UN-TO, KYE and VIP.UN-TO. the stock drop has been painful but the divs, even if reduced, are incredible. Dollar will reverse soon with all the money the fed is printing and govt is spending and CN$ will rise as well. ]]> Sun, 07 Dec 2008 16:02:12 -0500 So consolidation will be the rule of the day and all it takes is one of them to move on the Canroys and they will all fall/merge in rapid succession.

The SIFT tax may come about but with Harper soon gone, retirees needing their divs and CN needing oil and gas production/exploration jobs may cause this 2011 to be delayed or repealed to encourage investment. otherwise the u/e in Alberta, with oilsands being put on hold, will be unbearable to a country used to low u/e and no deficits/strong banks.

As painful as it is, anyway you look at it as a long-term investor in Canroys, you will be rewarded.
Long PWE, PVX,PGH,HTE, AAV, OGF.UN-TO, KYE and VIP.UN-TO. the stock drop has been painful but the divs, even if reduced, are incredible. Dollar will reverse soon with all the money the fed is printing and govt is spending and CN$ will rise as well. ]]> http://seekingalpha.com/article/109467-hang-on-to-your-gold?source=feed#comment-323242 323242
So hang on in gold and gold stocks in safe countries and you will be rewarded as it is inevitable. $1000 is not a bubble price in gold folks, maybe $10,000 will be the new high. And it hasn't fallen much, down to $756 or less than 25%-- if you had to buy gold in CN$ or EU or pound sterling, you'd pay a lot more with dollar up.

Long NXG, CEF, GFI, PAL, SWC ]]> Sun, 07 Dec 2008 15:47:36 -0500
So hang on in gold and gold stocks in safe countries and you will be rewarded as it is inevitable. $1000 is not a bubble price in gold folks, maybe $10,000 will be the new high. And it hasn't fallen much, down to $756 or less than 25%-- if you had to buy gold in CN$ or EU or pound sterling, you'd pay a lot more with dollar up.

Long NXG, CEF, GFI, PAL, SWC ]]> http://seekingalpha.com/article/106544-why-gold-will-decline-more-than-the-markets?source=feed#comment-308777 308777 Tue, 18 Nov 2008 09:13:57 -0500 http://seekingalpha.com/article/105828-lower-prices-now-massive-inflation-later?source=feed#comment-305918 305918 Fri, 14 Nov 2008 08:55:05 -0500 http://seekingalpha.com/article/105828-lower-prices-now-massive-inflation-later?source=feed#comment-305916 305916 Check out Harry Dents site for his latest update on the coming depression. Maybe one more spike, then crash. Aggressive investors in gold/oil/commodities will be rewarded in short term but then shift to high yielding quality assets to secure the deflation of 2010-2023 and make tons on simple interest.
Long CN Oil trusts, NXG, PAL, SWC, ZINC,GFI, adding more each 15th with my massive CanRoy divs. Also a little AHT for some good hotel real estate assets in good markets run by seasoned hotel pros w no debt due anytime soon and lots of cash. ]]> Fri, 14 Nov 2008 08:53:19 -0500 Check out Harry Dents site for his latest update on the coming depression. Maybe one more spike, then crash. Aggressive investors in gold/oil/commodities will be rewarded in short term but then shift to high yielding quality assets to secure the deflation of 2010-2023 and make tons on simple interest.
Long CN Oil trusts, NXG, PAL, SWC, ZINC,GFI, adding more each 15th with my massive CanRoy divs. Also a little AHT for some good hotel real estate assets in good markets run by seasoned hotel pros w no debt due anytime soon and lots of cash. ]]> http://seekingalpha.com/article/105372-how-to-save-the-u-s-economy?source=feed#comment-303908 303908
GM/F/C have sold on price and rebates, not quality, for years. just like ATT and MCI, when they ruined long distance by competing on price, and TOY/HON have just made fortunes and increased share. Even Hyundai is perceived as better than GM now, as a former Auto Loan repo guy in a bank, we would never even repo a hyundai 10yrs ago, it was not worth it. Now Hyundai is a great car with increasing market share.

No one bailed out Steel, it was let to fail in the 70-80s, the survivors are strong and can compete.

Stronger dollar will also help kill the autos. CN and MX plants looking good now.
LONG PAL, SWC and ZINC, all which would benefit from a stable industry. But when things recover, Hyundai, Hon/Toy/VW all can sell cars and will need this Plat/Pall and who cares who buys it. The auto market is all about the 3rd world anyway now, not the US. ]]> Wed, 12 Nov 2008 09:10:34 -0500
GM/F/C have sold on price and rebates, not quality, for years. just like ATT and MCI, when they ruined long distance by competing on price, and TOY/HON have just made fortunes and increased share. Even Hyundai is perceived as better than GM now, as a former Auto Loan repo guy in a bank, we would never even repo a hyundai 10yrs ago, it was not worth it. Now Hyundai is a great car with increasing market share.

No one bailed out Steel, it was let to fail in the 70-80s, the survivors are strong and can compete.

Stronger dollar will also help kill the autos. CN and MX plants looking good now.
LONG PAL, SWC and ZINC, all which would benefit from a stable industry. But when things recover, Hyundai, Hon/Toy/VW all can sell cars and will need this Plat/Pall and who cares who buys it. The auto market is all about the 3rd world anyway now, not the US. ]]> http://seekingalpha.com/article/104232-junior-gold-miners-are-dirt-cheap?source=feed#comment-299236 299236 no debt, weird ARS on the books as cash but not really cash, but still paying interest so they could monetize these ARS at some point, someone will buy them. CN banks are flush with cash and still lending, no cr problems like other world banks.

Lots of good juniors out there, lots of mergers coming for sure. ]]> Thu, 06 Nov 2008 08:54:18 -0500 no debt, weird ARS on the books as cash but not really cash, but still paying interest so they could monetize these ARS at some point, someone will buy them. CN banks are flush with cash and still lending, no cr problems like other world banks.

Lots of good juniors out there, lots of mergers coming for sure. ]]> http://seekingalpha.com/article/104383-provident-energy-trust-income-for-today-and-tomorrow?source=feed#comment-299226 299226 Thu, 06 Nov 2008 08:38:27 -0500 http://seekingalpha.com/article/103947-coming-inflation-to-boost-stocks-gold?source=feed#comment-298544 298544 ]]> Wed, 05 Nov 2008 08:47:52 -0500 ]]> http://seekingalpha.com/article/103465-forget-rabbits-feet-buy-horsehead?source=feed#comment-297525 297525 seemed stupid.
I may get out, buy more of one of my low priced CanRoy funds instead like OGF.UN-TO, at least I get a good div while waiting, even if it is paid in the rapidly falling loonies!]]> Mon, 03 Nov 2008 15:07:30 -0500 seemed stupid.
I may get out, buy more of one of my low priced CanRoy funds instead like OGF.UN-TO, at least I get a good div while waiting, even if it is paid in the rapidly falling loonies!]]> http://seekingalpha.com/article/103463-ubs-lowers-gold-expectations-again?source=feed#comment-296376 296376 Gold down 30% from peak is not as bad as say PRU down from 110 to 30! so dramatic cost decreases coupled with a floor price in the 700-1000 range, co's. putting on hedges again to protect cash flow and lots of uncertainty will allow industry to recover.

For that 5-10% you should hold for protection in your investments, now is a good entry point.
Suggest CEF which I am looking at, NXG which I own as a cheap option on the whole industry, GFI as a beaten down major with access to cash to acquire/new management in place.
big drop in CN $ will make the CN cos look cheaper to the world looking for cheap assets. ]]> Sun, 02 Nov 2008 12:17:12 -0500 Gold down 30% from peak is not as bad as say PRU down from 110 to 30! so dramatic cost decreases coupled with a floor price in the 700-1000 range, co's. putting on hedges again to protect cash flow and lots of uncertainty will allow industry to recover.

For that 5-10% you should hold for protection in your investments, now is a good entry point.
Suggest CEF which I am looking at, NXG which I own as a cheap option on the whole industry, GFI as a beaten down major with access to cash to acquire/new management in place.
big drop in CN $ will make the CN cos look cheaper to the world looking for cheap assets. ]]> http://seekingalpha.com/article/103298-junior-miners-facing-extinction?source=feed#comment-295927 295927 Sure this is speculative, but owning a basket like I do of these and others, you secure the pops when they happen. that is when you monetize and get out. one major buys one junior and the floor is in. the bar moves higher. take NXG, went from $1 - $4.50 in 05-06. Can you imagine if you sold at $2! now it is 70 cents. they have more gold than ever, little debt, hidden asset in Kemess North, written off for lack of "lake permits". Once CN starts to feel the gold/oil recession, things will turn to put miners/related industries to work. permits will be easier to get etc.

Anyhoo, long NXG, CDE, PAL, SWC, GFI for good measure, and it is not a large part of my portfolio but so interesting for the pops that are sure to come. CDE just went from 40cents range to 60cents range.

Dont forget these cos. can sell hedges to secure cash flow during difficult times. in hindsight, I bet PAL/SWC wish they had hedged production. ZINC had the foresight to do so. NXG has some good copper hedges on to offset Kemess South mine-out in 08/09 till mine closes.
lots of good stuff if you read the reports folks, not the charts, the day trades, the crap on the boards. It is called "investing" not "trading"
Trading is what gets you into trouble. ]]> Sat, 01 Nov 2008 19:45:09 -0400 Sure this is speculative, but owning a basket like I do of these and others, you secure the pops when they happen. that is when you monetize and get out. one major buys one junior and the floor is in. the bar moves higher. take NXG, went from $1 - $4.50 in 05-06. Can you imagine if you sold at $2! now it is 70 cents. they have more gold than ever, little debt, hidden asset in Kemess North, written off for lack of "lake permits". Once CN starts to feel the gold/oil recession, things will turn to put miners/related industries to work. permits will be easier to get etc.

Anyhoo, long NXG, CDE, PAL, SWC, GFI for good measure, and it is not a large part of my portfolio but so interesting for the pops that are sure to come. CDE just went from 40cents range to 60cents range.

Dont forget these cos. can sell hedges to secure cash flow during difficult times. in hindsight, I bet PAL/SWC wish they had hedged production. ZINC had the foresight to do so. NXG has some good copper hedges on to offset Kemess South mine-out in 08/09 till mine closes.
lots of good stuff if you read the reports folks, not the charts, the day trades, the crap on the boards. It is called "investing" not "trading"
Trading is what gets you into trouble. ]]>