Lyxr $ Frn Discussion Threads

[mattybuoy] 05/8/2010 18:59

Along similar lines here is a "picks & shovels" or oil services company which specialises in horizontal and directional drilling.



The ticker is PHX.UN and it yields about 5%.

[mattybuoy] 05/8/2010 18:16

Here's a couple of pipeline income trusts. These are a super-safe way to play the Canadian oil boom without being exposed to actual commodity prices.



IPL.UN currently yields around 7% and PIF.UN around 8%.

Nice charts ...

[mattybuoy] 04/8/2010 21:42

NEWS

Darnley Bay has increased the scope of their drilling program from 3,000m to 8,000m.



The drill was flown in today, and will start work on the northern diamond targets first while the ground-pounders head south to kick some rocks etc.

[mattybuoy] 01/8/2010 17:31

An interesting Canadian press article on PetroBakken and its technology partner Packers Plus (privately owned) from January 2010:

"How PetroBakken took a chance with an upstart technology and unlocked the Bakken"



The question is posed (paraphrasing) - "how to get the recoveries in the Bakken up from 10% (the norm for an unconventional field) to 35% (the norm for a conventional field)". Well, PBN is not doing too badly, they are up to 23% as of right now, having started out at around 15% (IIRC).

There are estimated to be around 400bn barrels OOIP in the totality of the Bakken formation (US & Canada combined), and PBN is the second largest land holder in the play as it exists on the Canadian side of the border. Crescent Point (CPG) is the largest.

Beautiful! :-)

[mattybuoy] 30/7/2010 10:48

ADDED

Teck Resources (TCK.B)

The only large miner left in Canadian hands, and it is likely to remain so. It's something of a family company, a bit like Antofagasta but more respectable.

What I like about it is the depth and breadth of its interests, and the fact that it actively performs exploration. This should mean that it keeps growing for far longer than the likes of BHP and Rio, who one day will find that they just can't add to their NPV by buying other companies anymore.

That day will likely be long after I'm gone, but one must take a moral stance on occasion :-)

[jonno1] 30/7/2010 09:55

UNX being spammed everywhere by Byron King

[mattybuoy] 29/7/2010 21:59

You may have noticed a couple of additions to the header alongside the "no logo" deletions.

I think that while there will be some fixtures in the parade there is nothing wrong with introducing some other players from time to time. As I have said before, there's just too many good stocks ...

[mattybuoy] 29/7/2010 20:34

Added a gratuitous Aussie coal section at the bottom.

One of these is working in Canada and two others have US listings, so it's not that far removed. They're all very interesting companies anyway.

[redredblack] 29/7/2010 20:33

I like the 'No Logo, No Entry' school of investing.

[mattybuoy] 29/7/2010 19:55

I've changed the header a bit. It now groups companies together in sectors.

I also decided that no logo = no entry ... :-)

[mattybuoy] 29/7/2010 11:56

NEWS

More superb drilling results from Silver Standard's Brucejack property.

[mattybuoy] 28/7/2010 13:29

NEWS

Meanwhile, Continental Nickel has found some more nickel at Nachingwea in Tanzania.



For those who don't know 6.54% Ni over 3.25m is very good stuff, especially being massive sulphides at shallow depth. However CNI is a very unknown and sleepy stock so I wouldn't expect much reaction.

However, were DBL to hit something like this look out above ... :-)

[cashandcard] 28/7/2010 13:22

Thanks.

cash

[mattybuoy] 28/7/2010 13:16

Hi cash,

No not really. I don't screen on any quantitative parameters, my stock selection process is very off the wall and random.

Sorry.

P.S. In Canada it's NI 43-101 not JORC. Although these two standards are technically very similar the Canadian exchanges will not accept publishing of JORC resource statements in any way shape or form.

[cashandcard] 28/7/2010 13:11

Matty,

Are you aware of any small gold co's with a resource or close to a resource that are $10mln or under? GZD looks good for a JORC going forward as the area has production and some decent mineralisation.

Cash

[mattybuoy] 28/7/2010 12:57

Thanks LUFC :-)

With DBL don't forget they are also going to be drilling for diamonds, via the 50/50 JV with Diadem Resources (DRL).

Here is a relevant recent interview on this topic:



If they should find diamonds under a lake it's not a problem, as shown by this picture of the Diavik mine, one of the two big Arctic jobbies mentioned in the article above.



Here is the Ekati mine. Not quite in a lake but nearly ... ;-)

[lufc5] 28/7/2010 00:24

Matty, I got into DBL Monday. Here for long term and still have COR on my radar.

Thank you for running such an informative and educat(ed/ive) thread.
I really enjoy reading it and will only post when I feel the need, unlike other less mentionable threads. LOL.

Thanks and goodnight.
Lufc5

[mattybuoy] 28/7/2010 00:02

Here is a rather useful "spreadsheet" containing the stats of a large number of listed Canadian O&G juniors.



I guess it was comprehensive at the date of publication, being March 2010.

[mattybuoy] 27/7/2010 22:54

Yes after glimming through that and looking at the management bios I think ACG is for real. The only question is economics, or flow rates, and we should know about what these are like at the Shane 7-11 well very soon.

The Nordegg is heavy oil (17-25 API), but this need not not be as bad as you might think. For why see below:

[laserdisc] 27/7/2010 17:58

still reading up on ACG highly speculative see page 37 onwards waiting for a drop back in price shane 7/11 news soon

[mattybuoy] 27/7/2010 00:15

Just for the hell of it here is a gratuitous Peyto chart ...



Remember this is a stock which even after all that price appreciation still yields 9%, and the dividend has a good chance of being maintained.

Natural gas is worthless, eh?

If I had to just own one stock this would be it :-)

Read below for background on the "Cardium play", in which Peyto has an enviable land position:-

[mattybuoy] 26/7/2010 23:33

I really like this one as an investment.



The primary focus is on chromite in Albania, which used to be the world's third largest producer of this vital and strategic material. Empire has extensive licenses adjacent to what was the largest former mine.

Drilling is in progress and there is a plan to start DSO shipments next year if possible.

Anglo-Pacific are on board, which is a good vote of confidence. Fully diluted shares are about 35m, so at the current price of 16c you have a market cap of essentially chuff all.

Note: Chromite plays operating in Canada are red hot. This one, albeit not in Canada, is totally under the radar at the moment. The market will buy Albania though once success is proven. Look at Bankers Petroleum ...

[mattybuoy] 26/7/2010 20:46

Bazzer,

If you mean the Mongolian coal in the picture I posted earlier it's

Andy,

Nevada makes me think of Las Vegas and Area 51. I just can't take it seriously, though of course I do know it is a massive gold-mining state. The US is not my favourite jurisdiction either generally. Too much barking mad politics.

Just a personal foible really, I have no doubt you can make money out there with the right players :-)

[andy] 26/7/2010 19:41

Bazzerp,

I agree, one of the best threads on ADVFN IMO.

Trio Gold were here last week, they had a good story and currently drilling, so the result will be known by mid October at the latest, with some news expected much before that.

Small, but those are the ones that go, and a Barrick property right up to their boundary in The Carlin Trend, not a bad neighbourhood to be in!