| 07.29.2010 |
 |
First National Financial Income Fund |
FN.UN |
Q2/10 Results: Earnings Below Expectation, Outlook Revised Down |
Buy |
C$18.00 |
C$16.60 |
| 07.29.2010 |
 |
ROCK TALK |
|
First Edition |
N/A |
N/A |
N/A |
| 07.29.2010 |
 |
Labrador Iron Mines Holdings Limited |
LIM |
Approval Granted, but Project Delays Persist |
Speculative Buy |
C$12.00 |
C$4.74 |
| 07.22.2010 |
 |
Empire Company Limited |
EMP.A |
Discontinuing Coverage |
N/A |
N/A |
C$55.99 |
| 07.22.2010 |
 |
Maple Leaf Foods Inc. |
MFI |
Discontinuing Coverage |
N/A |
N/A |
C$9.25 |
| 07.21.2010 |
 |
Bankers Petroleum Ltd. |
BNK |
Third Rig Now at Work, Increases Confidence in Meeting Targets |
Buy |
C$10.50 |
C$7.36 |
| 07.20.2010 |
 |
Suroco Energy Inc. |
SRN |
A Plethora of Low Hanging Fruit |
Buy |
C$1.00 |
C$0.43 |
| 07.19.2010 |
 |
Primeline Energy Holdings Inc. |
PEH |
CNOOC and Primeline Sign Framework Agremeent for Gas Sales |
Speculative Buy |
C$0.70 |
C$0.39 |
| 07.19.2010 |
 |
Equal Energy Ltd. |
EQU |
Looking Attractive Due to Sell Off |
Buy |
C$9.50 |
C$5.63 |
| 07.15.2010 |
 |
Gran Tierra Energy Inc. |
GTE |
Peruvian Exploration to Commence Soon |
Buy |
C$7.25 |
C$5.46 |
| 07.14.2010 |
 |
Calvalley Petroleum Inc. |
CVI.A |
Appraisal Drilling will Dominate Second Half of 2010 |
Speculative Buy |
C$4.75 |
C$3.16 |
| 07.13.2010 |
 |
5N Plus Inc. |
VNP |
Discontinuing Coverage |
N/A |
N/A |
C$5.37 |
| 07.13.2010 |
 |
Sea Dragon Energy Inc. |
SDX |
Revising Production Forecasts |
Speculative Buy |
C$0.60 |
C$0.28 |
| 07.13.2010 |
 |
Tethys Petroleum Limited |
TPL |
Mixed Results in AKD-01 should be Offset by Akkulka Contract Extension and News on 3 Wells in Q3-Q4 |
Speculative Buy |
C$2.50 |
C$1.44 |
| 07.13.2010 |
 |
*OIL AND GAS SECTOR Alange Energy Corp. Bankers Petroleum Ltd. Calvalley Petroleum Inc. Canacol Energy Ltd. Corridor Resources Inc. Culane Energy Corp. Delphi Energy Corp. Equal Energy Ltd. Gran Tierra Energy Inc. Midway Energy Ltd. Novus Energy Inc. Pacific Rubiales Energy Corp. Petrolifera Petroleum Limited Petrominerales Ltd. Primeline Energy Holdings Inc. Sea Dragon Energy Inc. Tethys Petroleum Limited TG World Energy Corp. WestFire Energy Ltd. Wild Stream Exploration Inc. |
ALE BNK CVI.A CNE CDH CLN DEE EQU GTE MEL NVS PRE PDP PMG PEH SDX TPL TGE WFE WSX |
Commodity Price Forecast Update and Corresponding Target Adjustments |
N/A |
N/A |
N/A |
| 07.07.2010 |
 |
Norwood Resources Ltd. |
NRS |
Discontinuing Coverage |
N/A |
N/A |
C$0.035 |
| 07.07.2010 |
 |
Canoro Resources Ltd. |
CNS |
Discontinuing Coverage |
N/A |
N/A |
C$0.09 |
| 07.07.2010 |
 |
Midway Energy Ltd. |
MEL |
No Change after Incorporating Financing and Operational Guidance |
Buy |
C$3.95 |
C$2.95 |
| 07.02.2010 |
 |
Canacol Energy Ltd. |
CNE |
Recommendation Downgraded Due to Impressive Share Price Appreciation |
Hold |
C$0.90 |
C$0.90 |
| 06.30.2010 |
 |
SEMAFO Inc. |
SMF |
Wona Underground Advances to Feasibility Stage; Neutral Impact |
Buy |
C$9.50 |
C$8.45 |
| 06.28.2010 |
 |
Empire Company Limited |
EMP.A |
Q4/10 Earnings: Food Deflation Persists, but Residential Real Estate Drives the Quarter |
Buy |
C$58.00 |
C$51.07 |
| 06.23.2010 |
 |
Trelawney Mining and Exploration Inc. |
TRR |
Drilling Continues to Build Cote Lake |
Speculative Buy |
C$2.75 |
C$0.74 |
| 06.18.2010 |
 |
SEMAFO Inc. |
SMF |
The Hits Just Keep on Coming in Mana; Raising Target |
Buy |
C$9.50 |
C$8.47 |
| 06.09.2010 |
 |
Delphi Energy Corp. |
DEE |
Increased Capital Program and Updated ExNAV for Finalized Royalty Framework |
Buy |
C$3.45 |
C$2.74 |
| 06.09.2010 |
 |
Major Drilling Group International Inc. |
MDI |
Q4/10 Results Beat; Outlook Positive |
Buy |
C$36.00 |
C$21.78 |
| 06.08.2010 |
 |
Equal Energy Ltd. |
EQU |
Increasing 2010 E&D Capital Program due to Asset Sale; Raising Target |
Buy |
C$10.25 |
C$7.40 |
| 06.08.2010 |
 |
Canadian Western Bank |
CWB |
Q2/10 Results |
Hold |
C$24.00 |
C$23.16 |
| 06.07.2010 |
 |
Canoro Resources Ltd. |
CNS |
Shareholders to Approve Financings from Mass Financial this Week |
Speculative Buy |
C$0.25 |
C$0.13 |
| 06.04.2010 |
 |
Primeline Energy Holdings Inc. |
PEH |
Linfeng Sands Show Movable Gas |
Speculative Buy |
C$0.70 |
C$0.50 |
| 06.03.2010 |
 |
Migao Corporation |
MGO |
Q4 Results |
Buy |
C$8.00 |
C$6.39 |
| 06.03.2010 |
 |
Red Back Mining Inc. |
RBI |
Site Visit Confirms Tasiast’s World-Class Potential |
Buy |
C$30.00 |
C$26.45 |
| 06.01.2010 |
 |
Petrolifera Petroleum Limited |
PDP |
Operations Update |
Speculative Buy |
C$1.40 |
C$0.80 |
| 06.01.2010 |
 |
Energold Drilling Corporation |
EGD |
Q1/10 Results Demonstrate Recovery Underway |
Buy |
C$4.00 |
C$2.12 |
| 05.31.2010 |
 |
Greystar Resources Ltd. |
GSL |
GSL Wins EIA Appeal; Ministry Moving ahead with Review |
Speculative Buy |
C$7.75 |
C$5.41 |
| 05.31.2010 |
 |
Copper Mountain Mining Corporation |
CUM |
Project Financing Completed |
Speculative Buy |
C$4.40 |
C$2.47 |
| 05.28.2010 |
 |
Taseko Mines Limited |
TKO |
Updating for Increased Metal Price Forecast and Sale of Prosperity Gold Stream |
Buy |
C$7.00 |
C$5.65 |
| 05.27.2010 |
 |
Enterra Energy Trust |
ENT.UN |
Initiating Coverage - Looks Like the Corner has been Turned |
Buy |
C$3.25 |
C$2.09 |
| 05.26.2010 |
 |
Winstar Resources Ltd. |
WIX |
CS-8S Well Tests 2,200 boe/d |
Speculative Buy |
C$5.50 |
C$3.75 |
| 05.26.2010 |
 |
Cline Mining Corporation |
CMK |
Initiating Coverage |
Speculative Buy |
C$3.00 |
C$1.23 |
| 05.25.2010 |
 |
Mercator Minerals Ltd. |
ML |
Q1/10 Financials Below Low Expectations; Additional Rougher Cells on Track for Q3 |
Speculative Buy |
C$3.50 |
C$1.36 |
| 05.21.2010 |
 |
Bennett Environmental Inc. |
BEV |
Post-Financing and Q1/10 Results Update |
Speculative Buy |
C$6.00 |
C$2.28 |
| 05.14.2010 |
 |
New Gold Inc. |
NGD |
Q1/10 Results - in LIne; Raising Target on New Price Deck |
Buy |
C$8.25 |
C$6.25 |
| 05.14.2010 |
 |
Asia Bio-Chem Group Corp. |
ABC |
Q1/10 Results |
Buy |
C$2.50 |
C$1.20 |
| 05.14.2010 |
 |
Aeroquest International Limited |
AQL |
Raising Target |
Buy |
C$1.50 |
C$0.60 |
| 05.14.2010 |
 |
SEMAFO Inc. |
SMF |
Q1/10 - Another Solid Quarter; Raising Target |
Buy |
C$8.50 |
C$7.06 |
| 05.13.2010 |
 |
Grey Horse Corporation |
GHC |
Q1/10 Results - Solid Quarter |
Buy |
C$9.00 |
C$6.95 |
| 05.13.2010 |
 |
Neo Material Technologies Inc. |
NEM |
Raising Target on Strong Q1/10 Results |
Buy |
C$6.50 |
C$4.40 |
| 05.13.2010 |
 |
Orbit Garant Drilling Inc. |
OGD |
Q3/10 Results Beat; Raising Target |
Buy |
C$7.00 |
C$3.70 |
| 05.12.2010 |
 |
Fortress Paper Ltd. |
FTP |
Q1/10 Results |
Buy |
C$33.00 |
C$23.00 |
| 05.12.2010 |
 |
Equitable Group Inc. |
ETC |
Q1/10 Results - Solid Quarter |
Buy |
C$28.00 |
C$23.25 |
| 05.11.2010 |
 |
Foraco International S.A. |
FAR |
Q1/10 Results |
Buy |
C$4.00 |
C$2.50 |
| 05.11.2010 |
 |
Hanfeng Evergreen Inc. |
HF |
Q3/10 Results |
Hold |
C$7.00 |
C$6.80 |
| 05.10.2010 |
 |
Minefinders Corporation Ltd. |
MFL |
Q1 Results - Neutral |
Speculative Buy |
C$15.00 |
C$9.55 |
| 05.10.2010 |
 |
Trelawney Mining and Exploration Inc. |
TRR |
Initiating Coverage |
Speculative Buy |
C$2.75 |
C$0.95 |
| 05.10.2010 |
 |
Culane Energy Corp. |
CLN |
Saskatchewan Exploration Commences |
Speculative Buy |
C$3.75 |
C$2,29 |
| 05.07.2010 |
 |
Canada Fluorspar Inc. |
CFI |
Initiating Coverage - On Track to Becoming the World's Next Producer of Acid Grade Flourspar and the Only Producer in North America |
Speculative Buy |
C$0.75 |
C$0.30 |
| 05.05.2010 |
 |
Home Capital Group Inc. |
HCG |
Q1/10 Results |
Buy |
C$65.00 |
C$46.12 |
| 05.05.2010 |
 |
GlobeStar Mining Corporation |
GMI |
Update for 2010 Guidance |
Speculative Buy |
C$1.70 |
C$1.05 |
| 05.05.2010 |
 |
Alange Energy Corp. |
ALE |
One-Time Production Delays do not Materially Alter Alange’s Long-Term Value |
Buy |
C$0.80 |
C$0.425 |
| 05.04.2010 |
 |
Red Back Mining Inc. |
RBI |
Revising Estimates and Target on Gold Price Revisions; Q1/10 a Blip |
Buy |
C$30.00 |
C$24.40 |
| 05.04.2010 |
 |
WestFire Energy Ltd. |
WFE |
Double in 2010 Capital Program Lifts our Forecasts |
Buy |
C$10.75 |
C$8.13 |
| 05.03.2010 |
 |
SEMAFO Inc. |
SMF |
Higher Gold Price Forecasts and Improving Outlook at Mana Prompt Target Revision |
Buy |
$8.00 |
C$6.48 |
| 04.30.2010 |
 |
Maple Leaf Foods Inc. |
MFI |
Q1/10 Results; Reducing Target |
Buy |
C$11.55 |
C$9.93 |
| 04.28.2010 |
 |
First National Financial Income Fund |
FN.UN |
Q1/10 Results |
Buy |
C$23.00 |
C$19.38 |
| 04.28.2010 |
 |
Energold Drilling Corporation |
EGD |
Update Report |
Buy |
C$4.00 |
C$2.50 |
| 04.27.2010 |
 |
Greystar Resources Ltd. |
GSL |
New Development Slams Brakes on Angostura’s Advancement |
Hold |
C$3.75 |
C$3.60 |
| 04.26.2010 |
 |
Pacific Rubiales Energy Corp. |
PRE |
Quifa and Rubiales Update |
Buy |
C$29.25 |
C$21.27 |
| 04.26.2010 |
 |
Home Capital Group Inc. |
HCG |
Q1/10 Preview and How the Stock Gets to $100 |
Buy |
C$60.00 |
C$46.95 |
| 04.23.2010 |
 |
WestFire Energy Ltd. |
WFE |
No Change after Incorporating New Price Deck |
Buy |
C$9.75 |
C$8.53 |
| 04.23.2010 |
 |
Suroco Energy Inc. |
SRN |
Suroco Energy Inc. Announces Agreement to Merge with Winchester Oil & Gas S.A. |
Under Review |
UNDER REVIEW |
UNDER REVIEW |
| 04.22.2010 |
 |
Midway Energy Ltd. |
MEL |
No Change after Incorporating New Price Deck |
Buy |
C$3.95 |
C$3.55 |
| 04.22.2010 |
 |
Teck Resources Limited |
TCK.B |
Increasing Target on Increasing Met Coal Prices |
Buy |
C$46.00 |
C$41.80 |
| 04.22.2010 |
 |
Delphi Energy Corp. |
DEE |
Successful Q1/10 Drilling Program Leads Management and us to Increase Production Estimates |
Buy |
C$3.45 |
C$2.82 |
| 04.21.2010 |
 |
First National Financial Income Fund |
FN.UN |
Q1/10 Preview |
Buy |
C$23.00 |
C$20.17 |
| 04.21.2010 |
 |
Petrolifera Petroleum Limited |
PDP |
Briallante Gas Discovery Kicks off a Busy Upcoming Year in Colombia |
Speculative Buy |
C$1.40 |
C$0.93 |
| 04.20.2010 |
 |
Wesdome Gold Mines Ltd. |
WDO |
Updating for Q4/09 Financial Results |
Speculative Buy |
C$2.75 |
C$2.32 |
| 04.20.2010 |
 |
Junex Inc. |
JNX |
Independent Resource Assessment Estimates 3.7 Tcf of Recoveragle Gas Net to Junex for its St. Lawrence Lowland's Utica Acreage |
Speculative Buy |
C$3.40 |
C$2.42 |
| 04.19.2010 |
 |
Novus Energy Inc. |
NVS |
Additional Viking Acreage Improves Risked ExNAV Marginally |
Buy |
C$1.20 |
C$1.08 |
| 04.16.2010 |
 |
Major Drilling Group International Inc. |
MDI |
Maintaining Target; Reducing Q4 Estimates |
Buy |
C$36.00 |
C$26.30 |
| 04.16.2010 |
 |
Wild Stream Exploration Inc. |
WSX |
Q4/09 Results and Q1/10 Drilling Program in Line with our Expectations |
Buy |
C$7.50 |
C$6.50 |
| 04.13.2010 |
 |
Labrador Iron Mines Holdings Limited |
LIM |
Progress Made, Financing Done, Iron Ore Prices Hot! |
Speculative Buy |
C$13.00 |
C$6.85 |
| 04.13.2010 |
 |
Bankers Petroleum Ltd. |
BNK |
Better Well Performance and Expanded Drilling Program |
Speculative Buy |
C$11.25 |
C$9.12 |
| 04.12.2010 |
 |
*OIL AND GAS SECTOR |
|
Oil and Gas Updated Price Forecasts |
N/A |
N/A |
N/A |
| 04.12.2010 |
 |
Corridor Resources Inc. |
CDH |
Corridor Adds Large Contingent Resources while Bigger Players Showing Interest in Northeast Shale |
Speculative Buy |
C$6.25 |
C$5.31 |
| 04.12.2010 |
 |
Energold Drilling Corporation |
EGD |
Q4/09 Results |
Buy |
C$4.00 |
C$2.64 |
| 04.08.2010 |
 |
5N Plus Inc. |
VNP |
Q3/10 Results |
Buy |
C$6.00 |
C$5.35 |
| 04.07.2010 |
 |
Labrador Iron Ore Royalty Income Fund |
LIF.UN |
Update for Increased Iron Ore Pricing and Q4/09 Financial Results |
Buy |
C$62.50 |
C$51.64 |
| 04.06.2010 |
 |
Suroco Energy Inc. |
SRN |
Suroco Energy Inc. Announces 2009 Year-End Reserves |
Buy |
C$0.90 |
C$0.72 |
| 04.06.2010 |
 |
Consolidated Thompson Iron Mines Limited |
CLM |
Updating for 86% Iron Ore Price Increase |
Speculative Buy |
C$14.40 |
C$10.00 |
| 04.06.2010 |
 |
Mercator Minerals Ltd. |
ML |
Q4/09 Results under Expectations; Adding Rougher Tanks to Improve Recoveries |
Speculative Buy |
$3.85 |
C$2.12 |
| 03.31.2010 |
 |
Delphi Energy Corp. |
DEE |
Recent Sell-Off, Valuation Looking Attractive |
Buy |
C$3.45 |
C$2.55 |
| 03.31.2010 |
 |
Alange Energy Corp. |
ALE |
Cubiro Update Since Initiation |
Buy |
C$0.90 |
C$0.57 |
| 03.30.2010 |
 |
Bennett Environmental Inc. |
BEV |
Initiating Coverage |
Speculative Buy |
C$6.00 |
C$2.87 |
| 03.29.2010 |
 |
Petrominerales Ltd. |
PMG |
Candelilla-3 Well Produces over 15,600 Bbl/d - Now What? |
Buy |
$38.25 |
C$31.52 |
| 03.29.2010 |
 |
Asia Bio-Chem Group Corp. |
ABC |
Solid Q4 Results; Raising Target |
Buy |
C$2.50 |
C$1.47 |
| 03.25.2010 |
 |
Orbit Garant Drilling Inc. |
OGD |
Raising Target; Tour Highlights |
Buy |
$6.00 |
C$4.25 |
| 03.24.2010 |
 |
Midway Energy Ltd. |
MEL |
Initiating Coverage - Cardium Focused Oil Resource Player |
Buy |
C$3.95 |
C$3.25 |
| 03.22.2010 |
 |
SEMAFO Inc. |
SMF |
Q4/09 Results; Neutral to Valuation |
Buy |
C$6.25 |
C$5.20 |
| 03.22.2010 |
 |
Consolidated Thompson Iron Mines Limited |
CLM |
Updated Project Schedule and Iron Ore Price Forecast |
Speculative Buy |
C$11.50 |
C8.59 |
| 03.22.2010 |
 |
Fortress Paper Ltd. |
FTP |
Raising Target on Major Acquisition |
Buy |
C$33.00 |
C$14.10 |
| 03.19.2010 |
 |
Sea Dragon Energy Inc. |
SDX |
Initiating Coverage - Centurion II? Plus ça Change, The More It’s Deja Vu All Over Again |
Speculative Buy |
C$0.75 |
C$0.43 |
| 03.19.2010 |
 |
Primeline Energy Holdings Inc. |
PEH |
Primeline Signs Development Agreements with CNOOC for LS36-1 Gas Field |
Speculative Buy |
C$2.00 |
C$1.08 |
| 03.18.2010 |
 |
WestFire Energy Ltd. |
WFE |
Initiating Coverage - The Viking has Landed |
Buy |
C$9.75 |
C$8.20 |
| 03.18.2010 |
 |
New Gold Inc. |
NGD |
CSP Explosive Restrictions Lifted; Raising Target |
Buy |
C$6.75 |
C$4.58 |
| 03.17.2010 |
 |
Carpathian Gold Inc. |
CPN |
Romanian Warms to Mining; Raising Target |
Speculative Buy |
C$1.25 |
C$0.45 |
| 03.16.2010 |
 |
Vulcan Minerals Inc. |
VUL.V |
First Parson's Pond Well is Being Drilled: A Potential Game Changer for Vulcan in More Ways than One |
Speculative Buy |
C$1.40 |
C$0.61 |
| 03.16.2010 |
 |
Pacific Rubiales Energy Corp. |
PRE |
Financial and Operational Update |
Buy |
C$24.50 |
C$19.00 |
| 03.15.2010 |
 |
Neo Material Technologies Inc. |
NEM |
Q4/09 Results |
Buy |
C$5.75 |
C$4.50 |
| 03.15.2010 |
 |
CGX Energy Inc. |
OYL |
Closing in on the Elephant |
Speculative Buy |
C$3.50 |
C$1.80 |
| 03.11.2010 |
 |
First National Financial Income Fund |
FN.UN |
Q4/09 Results |
Buy |
C$23.00 |
C$21.06 |
| 03.11.2010 |
 |
Empire Company Limited |
EMP.A |
Q3/10 Results - Food and Flicks Lead the Path to Yet Another Strong Quarter |
N/A |
C$56.00 |
C$49.75 |
| 03.10.2010 |
 |
Foraco International S.A. |
FAR |
Raising Target on Major Acquisition |
Buy |
C$4.00 |
C$2.88 |
| 03.09.2010 |
 |
Wild Stream Exploration Inc. |
WSX |
Initiating Coverage: The Trifecta - Shaunavon, Viking, Cardium |
Buy |
C$7.50 |
C$6.35 |
| 03.09.2010 |
 |
Major Drilling Group International Inc. |
MDI |
Raising Target |
Buy |
C$36.00 |
C$27.04 |
| 03.09.2010 |
 |
Energold Drilling Corporation |
EGD |
Raising Target on Rig Fleet Expansioin |
Buy |
C$4.00 |
C$2.42 |
| 03.09.2010 |
 |
Mercator Minerals Ltd. |
ML |
Q4/09 and Full Year 2009 Expectations; Phase 1.5 Commissioning Underway |
Buy |
C$3.85 |
C$2.80 |
| 03.09.2010 |
 |
Empire Company Limited |
EMP.A |
Q3/10 Earnings Preview |
Buy |
C$56.00 |
C$49.39 |
| 03.08.2010 |
 |
Suroco Energy Inc. |
SRN |
INITIATING COVERAGE - Suroco Energy Inc. an Exploration and Development Story More Fitting of a Larger Company |
Buy |
C$0.85 |
C$0.63 |
| 03.08.2010 |
 |
Foraco International S.A. |
FAR |
Full Report |
Buy |
C$3.50 |
C$2.71 |
| 03.08.2010 |
 |
Cirrus Energy Corporation |
CYR |
Discontinuing Coverage |
N/A |
N/A |
C$1.64 |
| 03.05.2010 |
 |
Delphi Energy Corp. |
DEE |
Initiating Coverage - Front-End Loaded 2010 Capital Program to Focus on Resource Plays |
Buy |
C$3.45 |
C$2.79 |
| 03.05.2010 |
 |
Canadian Western Bank |
CWB |
Q1/10 Results |
Hold |
C$23.00 |
C$22.00 |
| 03.03.2010 |
 |
Red Back Mining Inc. |
RBI |
Tasiast Exceeds 5.0 Million oz. of Reserves - Enough for 24 Years! |
Buy |
C$27.00 |
C$21.96 |
| 03.03.2010 |
 |
Canacol Energy Ltd. |
CNE |
Financial and Operating Results for the Three and Six Months Ended December 31, 2009 (Q2 2010) |
Buy |
C$0.85 |
C$0.52 |
| 03.03.2010 |
 |
Bankers Petroleum Ltd. |
BNK |
2009 Reserves Beat Expectations |
Speculative Buy |
C$9.25 |
C$6.06 |
| 03.01.2010 |
 |
Foraco International S.A. |
FAR |
Initiating Coverage |
Buy |
C$3.50 |
C$2.55 |
| 03.01.2010 |
 |
Petrolifera Petroleum Limited |
PDP |
Year End Reserves Decline on Waterflood Issues and Slower Capital Program in 2009 |
Speculative Buy |
C$1.20 |
C$0.95 |
| 02.26.2010 |
 |
Equitable Group Inc. |
ETC |
Q4/09 Results and Outlook Neutral |
Buy |
C$28.00 |
C$21.35 |
| 02.25.2010 |
 |
Maple Leaf Foods Inc. |
MFI |
Q4/09 Results: Earnings Lower than Expected on Bakery, but Protein Surpassed Expectations |
Buy |
C$12.65 |
C$10.60 |
| 02.24.2010 |
 |
Junex Inc. |
JNX |
Talisman / Questerre's St. Edouard No. 1A Horizontal Test Results: What it Means for Junex |
Speculative Buy |
C$3.40 |
C$2.28 |
| 02.24.2010 |
 |
Questerre Energy Corporation |
QEC |
Outstanding Test Results from the St. Edouard No.1A Horizontal Well: Long-Term Well Performance is a Wildcard |
Speculative Buy |
C$6.30 |
C$4.85 |
| 02.23.2010 |
 |
Novus Energy Inc. |
NVS |
Initiating Coverage - Viking Oil the Avenue for Growth |
Buy |
C$1.20 |
C$0.88 |
| 02.23.2010 |
 |
Gran Tierra Energy Inc. |
GTE |
Moving Reserves from Column A to Column B |
Buy |
C$6.50 |
C$5.71 |
| 02.22.2010 |
 |
Maple Leaf Foods Inc. |
MFI |
Q4/09 Earnings Preview: Anticipating Another Strong Quarter |
Buy |
C$12.65 |
C$11.36 |
| 02.22.2010 |
 |
Petrominerales Ltd. |
PMG |
Quality Reserves at a Reasonable Price |
Buy |
C$32.00 |
C$28.57 |
| 02.22.2010 |
 |
Red Back Mining Inc. |
RBI |
Tasiast - 7.8 Million Ounces and Still Growing; Raising Target |
Buy |
C$24.00 |
C$19.18 |
| 02.22.2010 |
 |
Corridor Resources Inc. |
CDH |
Lower 2011 Capital Program on Lower Production from Hiram Brook |
Speculative Buy |
C$6.00 |
C$4.41 |
| 02.19.2010 |
 |
Questerre Energy Corporation |
QEC |
Initiating Coverage - Prime Real Estate in what could be the Heart of Quebec’s Utica Shale Play |
Speculative Buy |
C$4.50 |
C$3.58 |
| 02.17.2010 |
 |
Fortress Paper Ltd. |
FTP |
Q4/09 Results; Raising Target |
Buy |
C$23.00 |
C$12.85 |
| 02.16.2010 |
 |
Teck Resources Limited |
TCK.B |
Well Priced, Well Deserved! |
Hold |
C$42.50 |
C$39.00 |
| 02.16.2010 |
 |
Aeroquest International Limited |
AQL |
Raising Target |
Buy |
C$1.20 |
C$0.59 |
| 02.16.2010 |
 |
Petrominerales Ltd. |
PMG |
Candelilla-2 Boomer an Eye Opener |
Buy |
C$30.50 |
C$26.55 |
| 02.16.2010 |
 |
Calvalley Petroleum Inc. |
CVI.A |
Marketing Agreement Clears Way for Pipeline and Development Drilling |
Speculative Buy |
C$4.75 |
C$2.57 |
| 02.12.2010 |
 |
Orbit Garant Drilling Inc. |
OGD |
Q2/10 Results |
Buy |
C$4.25 |
C$3.37 |
| 02.12.2010 |
 |
Migao Corporation |
MGO |
Q3 Results |
Buy |
C$10.00 |
C$7.36 |
| 02.11.2010 |
 |
Inmet Mining Corporation |
IMN |
Q4/09 Financial Results; Slower-than-Expected Las Cruces Ramp-up |
Buy |
C$65.00 |
C$56.09 |
| 02.10.2010 |
 |
Home Capital Group Inc. |
HCG |
Q4/09 Results - Strong Outlook |
Buy |
C$60.00 |
C$42.45 |
| 02.09.2010 |
 |
Hanfeng Evergreen Inc. |
HF |
Q2 Results; Raising Target |
Buy |
C$7.00 |
C$6.75 |
| 02.09.2010 |
 |
Neo Material Technologies Inc. |
NEM |
Tour Highlights; Industry Outlook |
Buy |
C$5.25 |
C$4.07 |
| 02.08.2010 |
 |
Tethys Petroleum Limited |
TPL |
Cretaceous is Outrageous, Tests over 5,400 Bbl/d |
Speculative Buy |
C$2.50 |
C$1.38 |
| 02.05.2010 |
 |
Asia Bio-Chem Group Corp. |
ABC |
Raising Target |
Buy |
C$2.00 |
C$1.21 |
| 02.04.2010 |
 |
Fortress Paper Ltd. |
FTP |
Raising Target on PM1 Rebuild - Financing Update |
Buy |
C$22.00 |
C$11.90 |
| 02.03.2010 |
 |
Katanga Mining Limited |
KAT |
DISCONTINUING COVERAGE - DRC CASTS MORE CONFUSION ON KAT |
Suspending Coverage |
n/a |
C$0.70 |
| 02.02.2010 |
 |
Primeline Energy Holdings Inc. |
PEH |
Reserves Upgrade, Exploration and Development Programs to Gear up in 2010 |
Speculative Buy |
C$1.50 |
C$0.64 |
| 02.02.2010 |
 |
Home Capital Group Inc. |
HCG |
Q4/09 Preview and Update |
Buy |
C$54.00 |
C$39.49 |
| 02.01.2010 |
 |
Formation Metals Inc. |
FCO |
7-for-1 Share Consolidation |
Speculative Buy |
C$3.20 |
C$1.73 |
| 01.29.2010 |
 |
Grey Horse Corporation |
GHC |
Entering Alt-A Mortgage Market with Nick Kyprianou |
Buy |
C$9.00 |
C$6.19 |
| 01.28.2010 |
 |
Petrolifera Petroleum Limited |
PDP |
Vaca Mahuida Farm-out Reduces Petrolifera’s Capital Commitment in Argentina |
Speculative Buy |
C$1.35 |
C$0.95 |
| 01.28.2010 |
 |
Labrador Iron Mines Holdings Limited |
LIM |
Increasing Target on Outlook for Iron Ore Pricing and Project Advancement |
Speculative Buy |
C$7.50 |
C$4.56 |
| 01.28.2010 |
 |
Athabasca Potash Inc. |
API |
BHP Billiton Canada Offers 25% Premium to API Shareholders |
Tender to Offer |
N/A |
C$8.28 |
| 01.28.2010 |
 |
SEMAFO Inc. |
SMF |
Two New Discoveries Take Root at Mana; Guinea Ends Military Rule |
Buy |
C$6.25 |
C$4.64 |
| 01.21.2010 |
 |
Consolidated Thompson Iron Mines Limited |
CLM |
Increasing Target on Outlook for Iron Ore Pricing and Bloom Lake Expansion |
Speculative Buy |
C$10.00 |
C$7.82 |
| 01.21.2010 |
 |
Culane Energy Corp. |
CLN |
Newly Identified Saskatchewan Undeveloped Lands Now Public |
Hold |
C$3.80 |
C$3.50 |
| 01.20.2010 |
 |
Junex Inc. |
JNX |
Catalyst on the Horizon |
Speculative Buy |
C$2.95 |
C$1.96 |
| 01.20.2010 |
 |
Cirrus Energy Corporation |
CYR |
Development is not Risk Free - Setbacks in the L8-D Field Delay Production Increases to 2011 |
Speculative Buy |
C$3.00 |
C$2.10 |
| 01.18.2010 |
 |
Asia Bio-Chem Group Corp. |
ABC |
Operational Update |
Buy |
C$2.00 |
C$1.48 |
| 01.18.2010 |
 |
Teck Resources Limited |
TCK.B |
Outstanding Performance in a Hot Sector |
Hold |
C$42.50 |
C$41.20 |
| 01.15.2010 |
 |
Taseko Mines Limited |
TKO |
Taseko Wins Provincial Environmental Approval for Prosperity |
Buy |
C$5.75 |
C$4.98 |
| 01.15.2010 |
 |
*OIL AND GAS SECTOR Alange Energy Corp. Calvalley Petroleum Inc. Canacol Energy Ltd. Canoro Resources Ltd. Cirrus Energy Corporation Corridor Resources Inc. Gran Tierra Energy Inc. Norwood Resources Ltd. Pacific Rubiales Energy Corp. Petrolifera Petroleum Limited Winstar Resources Ltd. |
ALE CVI.A CNE CNS CYR CDH GTE NRS PRE PDP WIX |
Recent Changes in City Price Forecasts Result in Target Adjustments |
N/A |
N/A |
N/A |
| 01.14.2010 |
 |
5N Plus Inc. |
VNP |
Q2/10 Results Miss; Reducing Target |
Buy |
C$7.25 |
C$5.55 |
| 01.13.2010 |
 |
Bankers Petroleum Ltd. |
BNK |
Operations Update - 2009 Exit Beats Targets; Next Up: Year End Reserves Set for Increase |
Speculative Buy |
C$8.25 |
C$6.06 |
| 01.13.2010 |
 |
Mercator Minerals Ltd. |
ML |
EPS & CFPS Multiple Re-Rating of Mining Companies Generates a Higher Target |
Speculative Buy |
C$3.85 |
C3.08 |
| 01.12.2010 |
 |
Petrominerales Ltd. |
PMG |
Target Price Revision; Recommendation Unchanged - Corcel Riskier than Other Development Plays |
Hold |
C$22.00 |
C$21.76 |
| 01.12.2010 |
 |
Tethys Petroleum Limited |
TPL |
As Expected, Tethys Raises New Equity |
Speculative Buy |
C$1.50 |
C$1.00 |
| 01.11.2010 |
 |
New Gold Inc. |
NGD |
Raising Target on Back of Favourable El Morro Development |
Buy |
C$6.00 |
C$5.02 |
| 01.07.2010 |
 |
5N Plus Inc. |
VNP |
5N Plus Inc. |
Buy |
C$8.00 |
C$5.87 |
| 01.07.2010 |
 |
Carpathian Gold Inc. |
CPN |
Carpathian Gold Inc. |
Speculative Buy |
C$0.90 |
C$0.39 |
| 01.05.2010 |
 |
Tethys Petroleum Limited |
TPL |
Significant Oil Discovery in Akkulka - What a Difference 12 Million Barrels Makes |
Speculative Buy |
C$1.25 |
C$0.85 |
| 12.16.2009 |
 |
Inmet Mining Corporation |
IMN |
Initiating Coverage |
Buy |
C$75.00 |
C$65.71 |
| 12.16.2009 |
 |
Canacol Energy Ltd. |
CNE |
Initiating Coverage - Canacol Energy Ltd. Holds Several Key Assets that Could Pack a Major Punch |
Buy |
C$0.75 |
C$0.50 |
| 12.15.2009 |
 |
*FOCUS LIST |
|
FOCUS LIST - 2010 |
N/A |
N/A |
N/A |
| 12.14.2009 |
 |
Cirrus Energy Corporation |
CYR |
FY2009 Financial Results in Line with our Expectationa; Expecting More Growth in 2010 |
Speculative Buy |
C$4.10 |
C$2.47 |
| 12.14.2009 |
 |
SEMAFO Inc. |
SMF |
Exploration Update Warrants More Aggressive Multiples |
Buy |
C$5.75 |
C$4.06 |
| 12.11.2009 |
 |
Empire Company Limited |
EMP.A |
Q2/10 Results: Another Solid Quarter |
Buy |
C$56.00 |
C$44.29 |
| 12.11.2009 |
 |
Yamana Gold Inc. |
YRI |
Upgrading the Portfolio; Revised Metal Prices; Raising Target |
Buy |
C$16.00 |
C$12.85 |
| 12.11.2009 |
 |
Migao Corporation |
MGO |
$40.3 Million Financing Completed |
Buy |
C$10.00 |
C$7.35 |
| 12.10.2009 |
 |
Aeroquest International Limited |
AQL |
Q4/09 Results Miss; Optimistic for 2010 |
Buy |
C$1.00 |
C$0.75 |
| 12.10.2009 |
 |
Major Drilling Group International Inc. |
MDI |
Q2/10 Results; Raising Target |
Buy |
C$30.00 |
C$25.20 |
| 12.10.2009 |
 |
Canadian Western Bank |
CWB |
National Leasing Acquisition |
Buy |
C$24.00 |
C$21.89 |
| 12.08.2009 |
 |
Vulcan Minerals Inc. |
VUL |
Natural Gas Discovery at Red Brook #2 Well |
Speculative Buy |
C$1.20 |
C$0.68 |
| 12.08.2009 |
 |
Corridor Resources Inc. |
CDH |
$125 Million Farm-Out to Apache will Accelerate Frederick Brook Development |
Speculative Buy |
C$6.50 |
C$5.10 |
| 12.04.2009 |
 |
Empire Company Limited |
EMP.A |
Q2/10 Earnings Preview |
Buy |
C$56.00 |
C$43.93 |
| 12.04.2009 |
 |
Canadian Western Bank |
CWB |
Q4/09 Results |
Hold |
C$23.00 |
C$22.61 |
| 12.03.2009 |
 |
New Gold Inc. |
NGD |
Revising Estimates for Mine Suspension and New Price Deck |
Buy |
C$5.00 |
C$4.10 |
| 12.01.2009 |
 |
Canadian Western Bank |
CWB |
Q4/09 Preview; CWB’s Stock vs Energy Prices |
Hold |
C$23.00 |
C$22.91 |
| 11.30.2009 |
 |
Grey Horse Corporation |
GHC |
Initiating Coverage |
Buy |
C$8.00 |
C$4.95 |
| 11.30.2009 |
 |
Energold Drilling Corporation |
EGD |
Q3/09 Results Miss on Low Margins; Outlook Remains Strong |
Buy |
C$3.00 |
C$2.38 |
| 11.30.2009 |
 |
Corridor Resources Inc. |
CDH |
Green Road-41 Test Establishes Strong Production from the Frederick Brook Shale |
Speculative Buy |
C$5.25 |
C$4.17 |
| 11.27.2009 |
 |
Barrick Gold Corporation |
ABX |
Q3/09 Results; Updating Gold Price |
Buy |
C$53.50 |
C$45.59 |
| 11.26.2009 |
 |
Mercator Minerals Ltd. |
ML |
Unscheduled Downtime Hampers Q3/09 Production; Revising Metal Prices |
Speculative Buy |
C$3.10 |
C$2.40 |
| 11.25.2009 |
 |
Taseko Mines Limited |
TKO |
Q3/09 Financials; Revising Metal Prices; Updating Target |
Hold |
C$3.25 |
C$3.35 |
| 11.20.2009 |
 |
Petroflow Energy Ltd. |
PEF |
Suspending Coverage |
N/A |
N/A |
C$0.295 |
| 11.19.2009 |
 |
Tethys Petroleum Limited |
TPL |
Lower 2010 Gas Prices and Weak Balance Sheet Put a Lid on Upside |
Sell |
C$0.50 |
C$0.69 |
| 11.18.2009 |
 |
GlobeStar Mining Corporation |
GMI |
Q3/09 Results Ahead of Expectations |
Speculative Buy |
C$1.70 |
C1.11 |
| 11.17.2009 |
 |
Energold Drilling Corporation |
EGD |
Reducing 2009 Estimates; 2010 Outlook Still Strong |
Buy |
C$3.00 |
C$2.63 |
| 11.17.2009 |
 |
Wesdome Gold Mines Ltd. |
WDO |
Q3/2009 Financial Results - Increasing Target |
Speculative Buy |
C$2.75 |
C$2.35 |
| 11.17.2009 |
 |
Red Back Mining Inc. |
RBI |
Raising Target on Back of Tasiast Resource Update and Revised Gold Price Forecasts |
Buy |
C$19.00 |
C$15.21 |
| 11.17.2009 |
 |
SEMAFO Inc. |
SMF |
Q3 Results, Higher Gold Prices and Site Tour Support Valuation |
Buy |
C$5.00 |
C$4.24 |
| 11.16.2009 |
 |
Pacific Rubiales Energy Corp. |
PRE |
Look OUt, Coming Through |
Buy |
C$20.00 |
C$18.75 |
| 11.16.2009 |
 |
Hanfeng Evergreen Inc. |
HF |
Q1 Results Miss; Maintaining Target |
Hold |
C$6.00 |
C$6.00 |
| 11.16.2009 |
 |
Asia Bio-Chem Group Corp. |
ABC |
Q3 Results Beat; Maintaining Target |
Buy |
C$2.00 |
C$1.20 |
| 11.16.2009 |
 |
Migao Corporation |
MGO |
Q2 Results Beat, Guidance Reduced |
Buy |
C$8.00 |
C$6.67 |
| 11.16.2009 |
 |
Neo Material Technologies Inc. |
NEM |
Raising Target on Q3/09 Beat |
Buy |
C$5.25 |
C$4.44 |
| 11.16.2009 |
 |
Orbit Garant Drilling Inc. |
OGD |
Q1/10 Results |
Buy |
C$4.25 |
C$3.85 |
| 11.11.2009 |
 |
Petrolifera Petroleum Limited |
PDP |
The Future is Colombia and Peru (Argentina Pays the Overhead) |
Speculative Buy |
C$1.35 |
C$0.93 |
| 11.11.2009 |
 |
Junex Inc. |
JNX |
Initiating Coverage: Quebec’s Utica Shale with Home Court Advantage |
Speculative Buy |
C$2.95 |
C$1.55 |
| 11.11.2009 |
 |
Fortress Paper Ltd. |
FTP |
Strong Q3/09; Raising Target |
Buy |
C$14.50 |
C$9.25 |
| 11.06.2009 |
 |
Alange Energy Corp. |
ALE |
Initiating Coverage |
Buy |
C$0.85 |
C$0.54 |
| 11.06.2009 |
 |
Asia Bio-Chem Group Corp. |
ABC |
Full Report |
Buy |
C$2.00 |
C$1.15 |
| 11.06.2009 |
 |
Equitable Group Inc. |
ETC |
Q3/09 Results |
Buy |
C$28.00 |
C$21.40 |
| 11.05.2009 |
 |
Home Capital Group Inc. |
HCG |
Q3/09 Results |
Buy |
C$52.00 |
C$40.79 |
| 11.02.2009 |
 |
Labrador Iron Ore Royalty Income Fund |
LIF.UN |
Q3/09 Financial Results |
Buy |
C$41.50 |
C$38.60 |
| 10.29.2009 |
 |
First National Financial Income Fund |
FN.UN |
Q3/09 Results |
Buy |
C$22.00 |
C$19.62 |
| 10.29.2009 |
 |
Maple Leaf Foods Inc. |
MFI |
Very Solid Q3/09 Results: Packaged Meats Margin Restored with Some Help from Lower Raw Material Costs |
Buy |
C$12.65 |
C$10.75 |
| 10.29.2009 |
 |
Asia Bio-Chem Group Corp. |
ABC |
Initiating Coverage |
Buy |
C$2.00 |
C$1.00 |
| 10.27.2009 |
 |
Greystar Resources Ltd. |
GSL |
Financing Completed - Final Feasibility Expected in Q1/2010 |
Speculative Buy |
C$9.00 |
C$4.20 |
| 10.22.2009 |
 |
Red Back Mining Inc. |
RBI |
Revising Estimates; Raising Target |
Buy |
C$17.00 |
C$13.26 |
| 10.21.2009 |
 |
Petrobank Energy and Resources Ltd. |
PGB |
Suspending Coverage |
N/A |
N/A |
N/A |
| 10.20.2009 |
 |
SEMAFO Inc. |
SMF |
Raising Target |
Buy |
C$5.00 |
C$3.41 |
| 10.20.2009 |
 |
Aquila Resources Inc |
AQA |
Hudbay Minerals Earning in Patient Investors Only! |
Speculative Buy |
C$0.55 |
C$0.22 |
| 10.20.2009 |
 |
Petrominerales Ltd. |
PMG |
Recommendation Downgraded Due to Impressive Share Price Appreciation |
Hold |
C$16.50 |
C$16.30 |
| 10.20.2009 |
 |
New Gold Inc. |
NGD |
Q3/09 Operating Results: Mesquite Missed, but Stronger Q4 Expected |
Buy |
C$5.50 |
C$4.45 |
| 10.19.2009 |
 |
*OIL AND GAS SECTOR Culane Energy Corp. Gran Tierra Energy Inc. Pacific Rubiales Energy Corp. Petroflow Energy Ltd. |
CLN GTE PRE PEF |
Recent Changes in Commodity Price Forecasts and Valuation Methodology Results in Target Adjustments |
N/A |
N/A |
N/A |
| 10.13.2009 |
 |
*OIL AND GAS SECTOR |
|
Oil and Gas Updated Price Forecasts |
N/A |
N/A |
N/A |
| 10.09.2009 |
 |
Taseko Mines Limited |
TKO |
Geotechnical Instability Hits Taseko’s Q3/09 Production |
Buy |
C$3.50 |
C$2.70 |
| 10.09.2009 |
 |
Mercator Minerals Ltd. |
ML |
Stingray Copper Acquisition. Mercator Adding Pounds to its Profile |
Speculative Buy |
C$3.30 |
C$2.96 |
| 10.09.2009 |
 |
5N Plus Inc. |
VNP |
Q1/10 Results: Misses All Around; Fundamentals in Tact |
Buy |
C$7.50 |
C$5.76 |
| 10.07.2009 |
 |
Copper Mountain Mining Corporation |
CUM |
Updating for C$52.5 Million Project Financing Equity Raise |
Speculative Buy |
C$3.00 |
C$1.38 |
| 10.07.2009 |
 |
Vulcan Minerals Inc. |
VUL |
Robinson #1 Well Encounters 1,290-Metre Gas Column |
Speculative Buy |
C$1.20 |
C$0.73 |
| 10.07.2009 |
 |
Bankers Petroleum Ltd. |
BNK |
Operations Update—Higher Production, Higher Oil Price, Virgin Reservoir and Second Drilling Rig |
Speculative Buy |
C$5.75 |
C$4.50 |
| 10.07.2009 |
 |
Home Capital Group Inc. |
HCG |
Q3/09 Update |
Buy |
C$46.00 |
C$36.74 |
| 10.06.2009 |
 |
Cirrus Energy Corporation |
CYR |
First Gas Production from L11b Field Starts at Higher than Expected Rate |
Speculative Buy |
C$4.10 |
C$2.95 |
| 10.02.2009 |
 |
Equitable Group Inc. |
ETC |
Q3/09 Update |
Buy |
C$30.00 |
C$20.99 |
| 09.29.2009 |
 |
Capital Gold Corporation |
CGC |
Revising Estimates ahead of F2009 Financials; Target Unchanged |
Buy |
C$1.75 |
C$0.66 |
| 09.28.2009 |
 |
Orbit Garant Drilling Inc. |
OGD |
Q4/09 Results Beat: Record Quarter |
Buy |
C$4.00 |
C$2.61 |
| 09.25.2009 |
 |
Cirrus Energy Corporation |
CYR |
Commencement of Gas Production in North Sea and Equity Issue put Cirrus in Position for Further Growth in 2010 |
Speculative Buy |
C$3.60 |
C$3.14 |
| 09.25.2009 |
 |
*IRON ORE SECTOR COMMENT Baffinland Iron Mines Corporation Consolidated Thompson Iron Mines Limited Labrador Iron Mines Holdings Limited New Millennium Capital Corp. |
BIM CLM LIM NML |
Iron Ore Update - Revised Metal Prices |
N/A |
N/A |
N/A |
| 09.25.2009 |
 |
Tethys Petroleum Limited |
TPL |
Good Hydrocarbon Indications in AKD-01 |
Speculative Buy |
C$0.75 |
C$0.63 |
| 09.23.2009 |
 |
First National Financial Income Fund |
FN.UN |
Initiating Coverage |
Buy |
C$20.00 |
C$15.94 |
| 09.22.2009 |
 |
Minefinders Corporation Ltd. |
MFL |
Minefinders Corporation Ltd. |
Speculative Buy |
C$14.25 |
C$10.47 |
| 09.22.2009 |
 |
Maple Leaf Foods Inc. |
MFI |
Maple Leaf Foods Inc. |
Buy |
C$11.50 |
C$9.25 |
| 09.17.2009 |
 |
Petrolifera Petroleum Limited |
PDP |
Stronger Balance Sheet Comes with Dilution |
Speculative Buy |
C$1.35 |
C$0.97 |
| 09.16.2009 |
 |
Corridor Resources Inc. |
CDH |
Propane Frac’s Succeed beyond Expectations and Alter Development Economics |
Speculative Buy |
C$4.15 |
C$3.30 |
| 09.14.2009 |
 |
Hanfeng Evergreen Inc. |
HF |
Hanfeng Evergreen Inc. |
Hold |
C$6.00 |
C$6.00 |
| 09.14.2009 |
 |
Empire Company Limited |
EMP.A |
Q1/10 Earnings Results: Another Solid Quarter, but Lower Food Inflation/Deflation has arrived, as Expected |
Buy |
C$56.00 |
C$42.70 |
| 09.14.2009 |
 |
Gran Tierra Energy Inc. |
GTE |
Initiating Coverage - More of an Exploration Company now, with a Lot of Cash, Cash Flow and no Debt |
Buy |
C$5.25 |
C$4.38 |
| 09.14.2009 |
 |
SilverCrest Mines Inc. |
SVL |
Initiating Coverage |
Buy |
C$1.40 |
C$0.64 |
| 09.11.2009 |
 |
Major Drilling Group International Inc. |
MDI |
Q1/10 Results Miss, but Outlook Improving |
Buy |
C$25.00 |
C$21.24 |
| 09.08.2009 |
 |
Pacific Rubiales Energy Corp. |
PRE |
Reserves Update for the Rubiales/Piriri Field |
Buy |
C$16.25 |
C$13.80 |
| 09.04.2009 |
 |
Canadian Western Bank |
CWB |
Q3/09 Results: CWB in Good Shape |
Hold |
C$19.00 |
C$18.36 |
| 09.04.2009 |
 |
Mercator Minerals Ltd. |
ML |
$80 Million Raised to Accelerae Expansion - Value Added |
Speculative Buy |
C$3.30 |
C$2.49 |
| 09.04.2009 |
 |
Empire Company Limited |
EMP.A |
Q1/10 Earnings Previes |
Buy |
C$56.00 |
C$41.75 |
| 09.02.2009 |
 |
Consolidated Thompson Iron Mines Limited |
CLM |
Updating for C$125 Million Private Placement Financing |
Speculative Buy |
C$5.75 |
C$4.48 |
| 09.02.2009 |
 |
Orbit Garant Drilling Inc. |
OGD |
Initiating Coverage |
Buy |
C$3.50 |
C$1.77 |
| 09.02.2009 |
 |
Energold Drilling Corporation |
EGD |
Q2/09 Results: Strong Margins Offset Revenue Miss; Maintaining Target |
Buy |
C$3.00 |
C$1.87 |
| 09.01.2009 |
 |
Corridor Resources Inc. |
CDH |
Low Gas Prices and Limited Capital Program Slow Production Growth |
Speculative Buy |
C$3.00 |
C$2.57 |
| 08.31.2009 |
 |
Culane Energy Corp. |
CLN |
Q2 2009 Financial Results and Target Price Adjustment |
Hold |
C$1.95 |
C$1.80 |
| 08.26.2009 |
 |
Vulcan Minerals Inc. |
VUL |
Initiating Coverage - High Impact Western Newfoundland Onshore Oil and Gas Exploration |
Speculative Buy |
C$1.20 |
C$0.72 |
| 08.26.2009 |
 |
New Gold Inc. |
NGD |
Raising Target, but Downgrading Recommendation to Hold |
Hold |
C$4.00 |
C$3.76 |
| 08.25.2009 |
 |
Mercator Minerals Ltd. |
ML |
Q2/09 Financial Results Lower than Expected |
Speculative Buy |
C$3.10 |
C$2.63 |
| 08.25.2009 |
 |
5N Plus Inc. |
VNP |
Initating Coverage |
Buy |
C$7.50 |
C$5.58 |
| 08.24.2009 |
 |
Consolidated Thompson Iron Mines Limited |
CLM |
Updating for Iron Ore Prices and Continued Bloom Lake Progress |
Speculative Buy |
C$6.00 |
C$4.92 |
| 08.24.2009 |
 |
Neo Material Technologies Inc. |
NEM |
Raising Target on Recapture Acquisition |
Buy |
C$4.25 |
C3.27 |
| 08.19.2009 |
 |
Petroflow Energy Ltd. |
PEF |
The Risks Outweigh the Rewards…or Lack Thereof |
Sell |
C$0.60 |
C$0.81 |
| 08.19.2009 |
 |
GlobeStar Mining Corporation |
GMI |
Q2/09 Results Below Expectations - Revising Production Profile and Metal Prices |
Speculative Buy |
C$1.40 |
C$1.03 |
| 08.18.2009 |
 |
Energold Drilling Corporation |
EGD |
Revising Estimates/Maintaining Target |
Buy |
C$3.00 |
C$2.00 |
| 08.18.2009 |
 |
Bankers Petroleum Ltd. |
BNK |
Second Drilling Rig in 2010 will Dramatically increase Production Growth |
Speculative Buy |
C$4.50 |
C$3.25 |
| 08.14.2009 |
 |
Petrobank Energy and Resources Ltd. |
PGB |
Petrobank and TriStar Create Pure Play; Q2 Update |
Buy |
C$42.00 |
C$36.24 |
| 08.13.2009 |
 |
SEMAFO Inc. |
SMF |
Solid Q2-Full Steam Ahead |
Buy |
C$3.50 |
C$2.37 |
| 08.13.2009 |
 |
Taseko Mines Limited |
TKO |
Q2/09 Financial and Operating Results |
Buy |
C$3.60 |
C$2.72 |
| 08.13.2009 |
 |
Neo Material Technologies Inc. |
NEM |
Raising Target Post Q2/09 Beat |
Buy |
C$4.00 |
C$3.00 |
| 08.12.2009 |
 |
Fortress Paper Ltd. |
FTP |
Raising Target |
Buy |
C$12.00 |
C$9.50 |
| 08.12.2009 |
 |
Mercator Minerals Ltd. |
ML |
Revised Metal Prices Boost EPS, CFPS Estimates and 12-Month Target Price |
Speculative Buy |
C$3.10 |
C$2.26 |
| 08.11.2009 |
 |
Migao Corporation |
MGO |
Q1 Results |
Buy |
C$10.00 |
C$6.95 |
| 08.11.2009 |
 |
Petrominerales Ltd. |
PMG |
Corcel Production Falls Below Expectaions, a Cause for Concern |
Buy |
C$14.00 |
C$12.30 |
| 08.11.2009 |
 |
Petrolifera Petroleum Limited |
PDP |
Lower Production Rates and Cost Overruns Lead to Tight Balance Sheet |
Speculative Buy |
C$1.75 |
C$1.44 |
| 08.07.2009 |
 |
Aeroquest International Limited |
AQL |
Q3/09 Results Follow-up |
Buy |
C$1.00 |
C$0.45 |
| 08.07.2009 |
 |
Equitable Group Inc. |
ETC |
Q2 Results: Nice Beat |
Buy |
C$26.50 |
C$19.00 |
| 08.06.2009 |
 |
Home Capital Group Inc. |
HCG |
Q2/09 Results: Solid Quarter |
Buy |
C$44.00 |
C$35.25 |
| 08.06.2009 |
 |
Tethys Petroleum Limited |
TPL |
Operations Update—Progress in All Three ‘Stans and Production Increases |
Speculative Buy |
C$0.60 |
C$0.50 |
| 08.05.2009 |
 |
Wesdome Gold Mines Ltd. |
WDO |
Q2/2009 Production Results |
Speculative Buy |
C$2.25 |
C$1.81 |
| 08.04.2009 |
 |
Aeroquest International Limited |
AQL |
Q3/09 Revenue Misses, Acquisition Adds Infrastructure Business |
Buy |
C$1.00 |
C$0.38 |
| 07.30.2009 |
 |
Barrick Gold Corporation |
ABX |
Q2/2009 Results Exceed Expectations |
Buy |
C$50.00 |
C$36.60 |
| 07.30.2009 |
 |
Petroflow Energy Ltd. |
PEF |
Between a Rock and a Hard Place |
Hold |
C$1.00 |
C$1.00 |
| 07.30.2009 |
 |
Maple Leaf Foods Inc. |
MFI |
Agribusiness Restructuring and Lower Commodity Prices Drive Q2/09 Earnings; Packaged Meat Margins on the Mend; Increasing Target |
Buy |
C$11.50 |
C$9.41 |