Official Short-term Investments Thread

[Anergex]

how do you guys feel about Novus Energy ? NVS:CN

[msommers]

PXL.V had a nice jump today. Have my doubts that will continue though. Spartan did nice today as well.

[davidI]

Originally posted by Anergex
how do you guys feel about Novus Energy ? NVS:CN

I like it.

http://tsxtrader.com/the-daily-trade-novus-energy/

[CMW403]

Buy REL.V

[msommers]

oh? Big news?

One of our company men out here told me a buddy of his just drilled a well estimated to be 500barrels/d in the AB Bakken. Just goes to show there is potential down there. The worst part is he can't remember what company it was...apparently it is in the news now.

[davidI]

Originally posted by msommers
oh? Big news?

One of our company men out here told me a buddy of his just drilled a well estimated to be 500barrels/d in the AB Bakken. Just goes to show there is potential down there. The worst part is he can't remember what company it was...apparently it is in the news now.

IP or average?

http://bakkenshale.blogspot.com/2008/03/ip-decline-rates.html

[msommers]

He didn't say and I forgot to ask but I would highly suspect that's initial.

[davidI]

I'm not sure if this has been posted before as I recall seeing it somewhere, but it's a good presentation on the Alberta Bakken. It just so happens that the CEO of Passport was one of my profs in University. :bigpimp:

http://www.passportenergy.com/pdf/ALBERTABAKKENBMORESEARCH.pdf

[davidI]

Oh yea, and the Type Curve is on Page 18. High initial declines. Looks like wells with an IP of 1000+ bopd are common.

Also worth reviewing (though the information in the BMO report is probably better)
http://www.internationalfrontier.com/s/NewsReleases.asp?ReportID=472413&_Title=Financial-Community-Update-on-ROSE

and from December 12, 2011


Summary and Recommendation This morning, Rosetta Resources (ROSE - NASDAQ) announced its 2012 capital spending budget and initial Alberta Bakken well results. The Company’s 2012 capex was set at $640 million, above our estimate of $502.4 million. On a positive note, management reiterated its 2012 production guidance of 220 – 240 Mmcfe/d. ROSE also provided results from its initial two Alberta Bakken wells, which had stabilized rates of 154 boe/d and 104 boe/d, below management’s type curve IP of 250 boe/d. While the Alberta Bakken results came in below expectations, we do not believe much is priced in to the current share price for the Alberta Bakken. In our opinion, shares are attractive based on its Eagle Ford shale position alone and we view the Alberta Bakken as option value. More importantly, we believe the Company’s results will improve as they drill additional wells and move up the learning curve. All in all, while the stock is down on higher than expected capital spending for 2012 and disappointing Alberta Bakken well results, we continue to view the play as option value and believe the sell off provides a buying opportunity.

from https://commerce.us.reuters.com/purchase/showReportDetail.do?docid=58138416

[msommers]

Great info!

[CMW403]

Originally posted by msommers
Great info!

Yeah I've been following his blog for awhile now, definitely learned a lot.

[davidI]

Thanks guys...not finding a lot of time for it now but once my MSc is done and I have more clarity with my job I'll try to get to the more general educational articles.

Check out timingthemarket.ca and equityclock.com for great, Canadian specific information provided by experienced and well-known technical analysts. I don't give any "macro" views on my site because these guys provide it all in a great format already. Don Vialoux is always quoted on the Financial Post and often provides his analysis and opinions on BNN.

[Feruk]

Originally posted by davidI


I like it.

http://tsxtrader.com/the-daily-trade-novus-energy/
Not sure what price you looked at them in your analysis, but they're trading at $68K/flowing (at exit rate) when you throw in their debt of $40MM. As for debt to cash flow, looks like it's about 2:1 just off their Q3 financials. I think you were looking at their gross revenue vs funds flow. I think for oil & gas, gross revenue can be very misleading due to GORs, LORs, and the like. I think looking at FFO makes a lot more sense. I haven't looked in a while at NVS, but they're in the Cardium now too?? Their reports don't mention Wapiti in the 2012 guidance? Plus they missed Q1 expectations last year (following me last dumping them)... not liking it enough to buy yet.

[davidI]

Originally posted by Feruk

Not sure what price you looked at them in your analysis, but they're trading at $68K/flowing (at exit rate) when you throw in their debt of $40MM. As for debt to cash flow, looks like it's about 2:1 just off their Q3 financials. I think you were looking at their gross revenue vs funds flow. I think for oil & gas, gross revenue can be very misleading due to GORs, LORs, and the like. I think looking at FFO makes a lot more sense. I haven't looked in a while at NVS, but they're in the Cardium now too?? Their reports don't mention Wapiti in the 2012 guidance? Plus they missed Q1 expectations last year (following me last dumping them)... not liking it enough to buy yet.

Thanks for those comments.

The $51k/flowing is based on the 2012 estimated exit of ~4,500k boepd. I didn't make the 2012 exit statement clear in my post so thanks for mentioning it and I have fixed it in the post. I used an EV of $230 million ($50mm debt + $180mm market cap @ $1.02 per share / 4,500 = $51k / flowing.) Using the 3,300 boed forecast average 2012 would provide ~$70k/flowing, which is still relatively cheap in my mind.

I stated net debt to cashflow at year end of 2012 of only 1.2x. Forecast cash flow is $51.7mm and net debt is $61.4mm. This is straight from CanAccord research. Novus forecasts net debt of $59 million and $52 million in cash flow at year end (2012) which would be 1.13x.

Total Debt to Assets is 0.38.

I also just read some recent research confirming the 16 well downspacing prospects in the viking. This hasn't been included in reserve growth or F&D for NVS yet. Sproule is apparently booking these downspaced reserves at ~75% EUR compared to the initial 8 well/section spacing, so that bodes well for future announcements.

They've got less than 10 net sections in the Wapiti Cardium and Dunvegan, so not a big deal yet. They do figure 30 risked drilling locations though.

Definitely appreciate your comments though - always good to have someone critiquing my calculations. Feel free to post your comments on the site itself as well.

[msommers]

No post comments here so we can all see them in one place haha.

[davidI]

I subscribe to Keith Schaefer's spammy oil and gas bulletin newsletter. I don't pay the subscription fee for his services, but do like to read his occasional informational letter. He does have a good track record, but won't usually tell you what he's following unless you sign up and pay ($400/year).

Today's letter was about the AB Bakken, of which I've seen some interest in this thread. I'm still not sure which company he's talking about though...perhaps someone on here will recognize the details he does give?

http://www.oilandgas-investments.com/freereport/junior-oil-stock-in-play/

I tried to bold the potential 'identifiers'


Dear OGIB Reader,

In short, this is one of the most profitable oil plays I have ever seen.

I can’t tell you the name of it – as it’s an OGIB portfolio stock – but I will tell you exactly why this has just become one of the most significant investment opportunities the Oil Patch will see in 2012.

I’ll explain below why the stakes have just been raised, including its newest well results, and how this new “core” play earns an amazing 7:1 payback.

Most importantly, I’ll explain how a full combination of factors – which have just now come together, almost perfectly – could “slingshot” this company’s share price to multiples of the current price.

As I said, the situation has changed entirely, as the company’s newest well results just came in – nearly doubling expectations.

For starters, I can now confirm their new core play has LOTS of running room. I’m talking about 150 different well locations… perhaps even 200 – and drilling that will last years, with high-growth production, fast payback, and low decline rates.

That means this company – this trade – is no longer an exploration play.

It is a low-cost, low-risk, high-growth resource play – the best kind of play. It’s what the market pays UP for.

And it still has a discounted valuation.

On the whole, the company’s production is growing quickly — having increased more than 50% in the last 3 months. And it will continue to ramp up quickly as at least 12 more of these wells get drilled this year in its new core play alone.

But here’s the amazing thing I’ve discovered about the oil being produced here…

I mentioned low decline rates above. Well, in reality they have one of the absolute lowest decline rates I have ever witnessed in North America.

On top of that, the payback on their newest well is at the most just 3 months. Keep in mind that most operators in North America are happy with payback at 2 years!

And because all this new, fast-growing production is OIL — highly profitable oil — this will increase the overall value per barrel for the company. More barrels, and more value per barrel.

That’s the “slingshot” effect I expect to see from the market’s valuation.

I’m not alone. Four major brokerage analysts have price targets nearly 2X the current share price.

And all 4 of those were issued before news broke on the company’s new well results.

This company has unlocked the huge production potential of this new play. I anticipate a 50% increase in cash flow per share and production per share this year.

That’s why I think this is one of the best organic growth stories of 2012.

But here’s the biggest bonus of all:

A huge Bakken oil play — one that’s now FREE for investors. Let me explain…
The Alberta Bakken:
Here’s How You Can
Get the AB “for FREE”

I’ve written extensively about the Alberta Bakken – the high-potential but still unproven oil formation in Alberta and western Montana.

The Alberta Bakken cannot compare with the much bigger and more well known Williston Basin Bakken.

But the AB has the potential to be an extremely large play, with a substantial amount oil to recover. That’s why land prices in the Alberta Bakken soared from under $100 per acre two years ago – to an average $820 per acre in 2011, with a maximum reaching $3,300/acre.

And this junior company has one of the largest land positions – if not THE largest – in the entire Alberta Bakken play.

More importantly, it has drilled the best reported well in the play, to date.

Best of all – we’re essentially now getting the Alberta Bakken for FREE. Here’s what I mean by that:

As I said, management is already expecting a huge 50% per share increase in production and cash flow in 2012. (That’s what the market pays for the MOST… They pay for per share upticks in production and cash flow.)

And none of that increase is expected from the Alberta Bakken. It’s coming from their new core play.

So not only is the new growth curve NOT priced into the stock, investors are now getting hundreds of thousands of acres of Alberta Bakken — FOR FREE.

In fact, other companies are spending big money – the early, high-risk money – just to get into the play.

But the joint venture partners aren’t just spending money in the ground… They’re giving my # 1 junior oil company cold, hard cash.

That’s why this stock is now a capital opportunity for investors… a fast-growing producer of light oil and profitable liquid-rich gas, a discounted valuation, low debt levels… and the ability to get their entire Alberta Bakken for FREE.

Of course there’s much more you need to know about this opportunity, including one of the key drivers in the play…

You see, the play itself is cut off to the north, east, and west.

Why is that important? Well, the Alberta Bakken is fully staked. So, if anyone wants to play in this sandbox… they now have to buy their way in.

And that’s great news for my # 1 junior oil company in the play – and its investors… because success makes this company an instant takeover target.

Like I said, it holds an extremely large section of prime Alberta Bakken property.

So much acreage, in fact… it simply can’t develop all of its Bakken properties single-handedly.

And its JV partner agreed to pay 100% of the cost to drill 4 wells – at $4 million a pop – just to earn 60% of a small part of the play.

That ‘small part’ is just a few dozen sections – a fraction of my #1 junior oil pick’s total land position!

That should give you an idea of how many wells this junior oil producer could drill on its 100%-owned properties.

Hundreds.

And we investors now have all this potential for FREE.

So I’ve just shared with you why I think this small company has major success in its sights.

Here’s What I See as the
Next Catalyst for the Stock

As I said, they have now drilled four successful wells in their new “core” area. The newest well DOUBLED management’s expectations, which means it is Game On.

In other words, this play isn’t just imminent – it’s happening NOW, with 12 more wells expected to be drilled in 2012.

And, after all this activity, they’ll still have over 150 well locations — and several years of drilling inventory.

It’s truly an exciting time for this company. That’s why I just added to my initial position in the Oil & Gas Investments Bulletin portfolio this month.

It is a dream scenario for a junior oil & gas company: Small company… big land position… fast-growing production… and major oil companies knocking at your door to get into one of your plays.

[msommers]

Bowood shot up today, so far...20% and the markets have been open 30minutes. I should have took the plunge instead of being a nancy.

[davidI]

Originally posted by msommers
Bowood shot up today, so far...20% and the markets have been open 30minutes. I should have took the plunge instead of being a nancy.

Yea, that may be based on Keith if BWD is the company he's talking about (his article didn't seem to fit with BWD to me, but maybe) or perhaps it's the well announcement, which I still can't find. I must give Keith credit for being a market mover at times - He gave RLE.V a solid pop a couple of weeks ago.

[Feruk]

Originally posted by davidI
Today's letter was about the AB Bakken, of which I've seen some interest in this thread. I'm still not sure which company he's talking about though...perhaps someone on here will recognize the details he does give?

He's a clever man in his vagueness trying to get people to subscribe. Too bad I'm more clever. :) I'm almost certain he's talking about DeeThree exploration (DTX). Everything matches pretty well.

Looking at them, they've got some interesting properties actually. I like their Belly River play very much. This one requires more thought on my part as I value them at $4.27 based on their 2012 average production, and they're at $4.11 today. I can't seem to find their expected 2012 exit rate though? That may change my view. Thoughts DavidI?

[davidI]

Thanks man! I was hoping you'd chime in. I'll see if I can track down any research on them through my usual sources.

[Hi-Psi]

Markets are doing very nice today, glad to finally see us get out of that holding pattern we've been in.

Oh and fuck WTG in the ass, I'm LOOOOOOONG again haha

I'm in the waiting period for my stuff to be transfered over from RBC to Questrade, hopefully it comes through late this week/early next.

[dimi]

Originally posted by Feruk

He's a clever man in his vagueness trying to get people to subscribe. Too bad I'm more clever. :) I'm almost certain he's talking about DeeThree exploration (DTX). Everything matches pretty well.

Looking at them, they've got some interesting properties actually. I like their Belly River play very much. This one requires more thought on my part as I value them at $4.27 based on their 2012 average production, and they're at $4.11 today. I can't seem to find their expected 2012 exit rate though? That may change my view. Thoughts DavidI?

:werd:

Good catch.

http://www.deethree.ca/assets/content/investorpages/pressreleases/DeeThree%20-%20Press%20Release%20Announcing%20Significant%20Bakken%20Discovery%20Well_Feb142012.pdf

You can see the 4 wells, and the 60% WI mentioned.

EDIT: The guy in that newsletter comes off WAAAY over the top. Sounded like a pump and dumb kind of guy just from a first read, though you can see he has credible information.

[davidI]

Originally posted by dimi

EDIT: The guy in that newsletter comes off WAAAY over the top. Sounded like a pump and dumb kind of guy just from a first read, though you can see he has credible information.

His letters and presentations totally piss me off as spammy crap, but I'll give the guy credit in that he does seem to find companies with legitimately undervalued companies or those with excellent growth prospects.

If I'm ever trading 7 digits I'll subscribe and see what he's actually got haha.

[msommers]

Despite my rather small profile in comparison to others on here, 50% of it has been in DTX, the rest in a few metal companies and the remainder on high risk stocks like BWD. As far as I know, their target year end price is 5.00-5.20 from what I've read on analyst's reports. It'll be one I'll hang onto for awhile anyways, I can see a big/medium-sized company coming in buying them out.

Nice correlating, Feruk.

[Feruk]

If you've been sitting in DTX, congrats, it's practically doubled in two months. I think DTX is a good hold here. Maybe even an opportunity to make a little, but I'd like to see it fall back a bit.

[in*10*se]

:D

[msommers]

PXL.V has had a couple good days here for those interested. I pulled out this afternoon though.

[Hi-Psi]

ORT halted pending news...

Could be more bad news but I guess we'll see. I've been wanting to pick this up since last year and keep picking up other stocks instead. Almost bought on the dip last week after their last NR.

We'll see in the morning what's up.

[Manhattan]

Any opinions on PMT? Looks like there's pretty good potential but word of mouth on them isn't so good.

[Hi-Psi]

INT.V also halted this morning, this could be good news about their Ortsbo brand. Friend of mine picked up a bunch at 0.75 the other day, I was really wishing I could pick up some as well.

Will probably get an NR after close today, hopefully good news.

[bitteeinbit]

Originally posted by Hi-Psi
ORT halted pending news...

Could be more bad news but I guess we'll see. I've been wanting to pick this up since last year and keep picking up other stocks instead. Almost bought on the dip last week after their last NR.

We'll see in the morning what's up.

Yeah as you know I've held them for quite a while now. They were supposed to come up with more info the latest PEA which the IIROC felt needed extra clarification (rare earths etc). The IIROC said they could give an extension by halting trading while they came up with the paperwork.

We'll see... There's been mostly good news but I feel sometimes they try to give out too much at once. Why mention the rare earths (which every knew about) when you're not even making money yet? That should just be the cherry on the top. Better to just focus on the basics and then later on give news releases about other stuff. I'm still a firm believer but it's not a quick-cash stock. It'll probably take 1-2 years to get a decent return imo. The plant won't even be built for another while. I've timed my accumulations pretty well though so happy with that. But I'm in up to the tits in it and I have other projects coming up soon (2 months) so can't afford to go in any deeper. So I hope it goes up sooner rather than later.

[997TT]

anybody here own SNC like me... haha.
fk

[ZenOps]

Silver HO! Up 4% so far today.

[Feruk]

Originally posted by 997TT
anybody here own SNC like me... haha.
fk
Wow! I was looking at buying them... not any more.

[Sugarphreak]

..

[bitteeinbit]

Wow @ SNC. I made a nice buck back in 2009 with them. No way of foreseeing shit like that though I find it's a bit of an overreaction.

[Manhattan]

Anyone tracking or own Air Canada? Seems ridiculously low right now.

[Feruk]

Originally posted by Manhattan
Anyone tracking or own Air Canada? Seems ridiculously low right now.
Nope and nope. I don't buy companies destined for bancrupcy... for a third time I seem to recall.

[davidI]

Originally posted by Feruk

Nope and nope. I don't buy companies destined for bancrupcy... for a third time I seem to recall.

Word. Stay the f*ck away from airlines.

[cidley69]

Think SNC will rebound quickly or stay down for a while?

[Feruk]

I don't know enough about SNC to say, but every time the word "investigation" comes up, I'm a bit worried.

Look at Miranda Technologies (TSX: MT). Down 9% today on record quarterly results. First WCP buys MEL (which I dumped last month, but own WCP) and drop 5% yesterday, then this shit. Not been a good week so far...

[ZenOps]

Gold down $60, Silver down $2. Awoooga! Abandon ship!

North Korea long term nuclear compliance means the US will only have to fight one war at a time.

[bitteeinbit]

Originally posted by Manhattan
Anyone tracking or own Air Canada? Seems ridiculously low right now.

Yep, stay away. I owned some in 2009 and bailed out when it started going down. I then shorted them a few times back when it was at 2$ and again at like 1.35$ or something. Stay away from airlines but especially AC!

[Sugarphreak]

...

[davidI]

Anyone hearing anything on Novus? Up 8% since I recommended them but haven't seen any press releases.

My WSX recommendation is also doing well.

Looks like it will be a while until CNQ pulls through for me...let's hope they beat expectations on getting Horizon back up!

[ZenOps]

Greek one year government bond just went through 800%.

Just a friendly reminder that percentages are only as good as the currency and policies of the governments and countries backing it.

At the end of the day, you might just have a piece of paper that says "IOU $XXX at 800% interest" which in reality is redeemable for nothing of any real value.

Thank you Canada for at least backing one percent of the dollars with 7 grams of nickel.

[davidI]

Originally posted by ZenOps
At the end of the day, you might just have a piece of paper that says "IOU $XXX at 800% interest" which in reality is redeemable for nothing of any real value.

Risk Premium. That's why people buy junk bonds. It's a gamble.

[davidI]

Originally posted by msommers
Bowood shot up today, so far...20% and the markets have been open 30minutes. I should have took the plunge instead of being a nancy.

I believe the price is trading back where it had been before the pop...

[msommers]

Yeah I noticed that, hoping it dips down a little bit more but might pick up a little now.

More talk of IAE hey

[davidI]

Yea, IAE is back on the radar. I don't play the speculators game though.

[davidI]

I should say, I don't play the speculators game anymore....

[Feruk]

Originally posted by davidI
Anyone hearing anything on Novus? Up 8% since I recommended them but haven't seen any press releases.

I'm gonna try to get some data; got a contact in Kindersley. Just rumor mill talk around a water cooler type stuff though. Doubt anything useful will come out of it as these guys drill the same wells over and over.

Question for you as you're watching them davidI: How many quarters in a row did they meet targets? I dumped last year when they missed. Am interested again but ONLY if they've got a few quarters of actual results being met. If they do, I'd value them at $1.28 today and up to $2.25 by year end. I'd say they need to average roughly 30boe/d/well to meet year end target, which should be easily doable. Their land isn't bad, their results aren't bad, but what's really impressive is they can drill, complete, and tie-in a well for $930K! That's pretty awesome. Just got two issues. They have $11 milion left in the credit facility and plan to spend another $10 million of it in their capital program. Not a big issue as I'm sure the their credit facility will expand with their reserve report. Other thing is just note worthy. Their PDP reserves (what I'm most interested in) only increased 23%. They don't press release this, but it's easy math. I'd be careful reading into the 83% total proved increase as a lot of this is likely just theoretical offset wells that don't exist yet. I'm liking again...

Disclaimer: Above is my opinion only, don't use it to invest.

[Sugarphreak]

...

[Feruk]

Not much of a bounce. I bought SNC today. I think the stock's gonna recover. They just "got their hands caught in the cookie jar" in my opinion. It's a gamble though...

[msommers]

What other companies have had a similar situation happen to them? Would be interesting to see how/if they've bounced back. I was REALLY thinking about dumping a good portion of my DTX and putting it in SNC but I'm just not sure of what to think right now. I too gambled, with IAE though - wish I got in a little sooner but things are looking good!

[Manhattan]

Should be just a bump in the road for SNC. They're a great buy at a huge discount it should be sold as a Groupon. :rofl:

[davidI]

Originally posted by Feruk


Question for you as you're watching them davidI: How many quarters in a row did they meet targets? I dumped last year when they missed. Am interested again but ONLY if they've got a few quarters of actual results being met. If they do, I'd value them at $1.28 today and up to $2.25 by year end. I'd say they need to average roughly 30boe/d/well to meet year end target, which should be easily doable. Their land isn't bad, their results aren't bad, but what's really impressive is they can drill, complete, and tie-in a well for $930K! That's pretty awesome. Just got two issues. They have $11 milion left in the credit facility and plan to spend another $10 million of it in their capital program. Not a big issue as I'm sure the their credit facility will expand with their reserve report. Other thing is just note worthy. Their PDP reserves (what I'm most interested in) only increased 23%. They don't press release this, but it's easy math. I'd be careful reading into the 83% total proved increase as a lot of this is likely just theoretical offset wells that don't exist yet. I'm liking again...



Unfortunately, I'm super busy with my dissertation right now so don't have a lot of time on this, but they did exceed their 2011 exit targets by 5% (Target 3000boed, Actual 3150).

As far as reserves go, if my memory serves me correctly, they haven't yet claimed reserves based on 16 well downspacing. If it is proven over the coming year that 16 well downspacing doesn't lead to much pressure loss or declines in offset wells, it could certainly enhance their takeout potential by a company that has the capital to hit their then 1200+ drilling locations. Once again, I don't have my research in front of me, but I think Sproule is booking downspaced Viking wells at 75% EUR. I'm jet-lagged and focused on my dissertation - so please do your own due diligence! I may be talking out of my ass at the moment....

[davidI]

Oops, just noticed you mentioned PDP. Yes, that is a bit of a problem, but that's also why I see NVS as a potential take-out candidate. I think they're constrained in developing their reservees quickly enough. They currently have 600+ well locations (1200+ downspaced) which means they must have decent PUDs, and only drilled ~50 wells in 2011.

[Feruk]

Originally posted by msommers
What other companies have had a similar situation happen to them?
There was one that instantly comes to mind. Some big oil producer named BP that may have spilled a bit of oil into the Gulf. :nut:

[93mr2gt]

yelp up 60% on debut, anyone got some?

[roopi]

Into RIM for a 1-3 day trade at $13.31

[roopi]

Originally posted by roopi
Into RIM for a 1-3 day trade at $13.31

Sold for a 2% gain before the close. Don't trust holding this over the weekend.

[Manhattan]

How's Questrade as a discount brokerage? any opinions?

[997TT]

Picked up 5k shares of avl at $2.58.
Try and see if it can get back over 3 in the next few weeks or months
I'm in no rush

Picked npk last week. Finally in the money after today's run. Gonna try an get another .5 if I can.

[RawB8figure]

I am in the process of transferring over from waterhouse, I will keep you posted. I noticed questrade runs extremely slow with chrome, but they say its faster on firefox and IE. so far the online live help has been excellent for helping me transfer over more holdings in TD.

TD Waterhouse call in support is a joke, they first told me that the private shares I bought from my company could be held in my TFSA and now that I have the certificate they say I can't, meanwhile I talked with questrade and they have no issue holding a CCPC shares with the required paperwork..

[msommers]

Originally posted by roopi


Sold for a 2% gain before the close. Don't trust holding this over the weekend.

Yeah RIMM is a bit risky. Maybe holding for a day or two and try to get some small gains but long term there seems like a lot of risk involved. I read one analyst's report talking about single digits... I don't see them tanking anytime soon and may even get bought out but I'll be waiting until 12/share until I start seriously thinking about it.

[cloud7]

Originally posted by Sugarphreak
Fuck, I knew SNC was going to bounce big today... couldn't liquidate stocks yesterday to get into it on time :banghead:

me neither...

[davidI]

Originally posted by Manhattan
How's Questrade as a discount brokerage? any opinions?

I have accounts with TD, Interactive Brokers, and Questrade. They all have their plus and minus', but I'd say Questrade has had excellent customer support, and their new Questrade IQ Platform is quite good - better than the Interactive Brokers Web Trader. It's also very easy to get set-up with Questrade, whereas I recall IB being a huge hassle. The IB charting software with their downloadable platform is a bit better than that offered with QT, but that's about it. QT also has better educationals and some basic research, whereas IB has none. You can also get RRSP & TFSA's with QT, whereas you cannot with IB.

TD has better research, but trades also cost much more, which is why I've opted for multiple platforms.

Overall, QT is the best discount brokerage I've used. If you use the link at the top of my TSXTrader blog, you'll get $50 in free trades with QT as well!

[davidI]

CMFW403 - tried replying to your PM but your inbox is full.

[asp integra]

any tips or places to start reading and studying up on trading and stocks?
I would like to know more and get into it, thanks

[davidI]

Originally posted by asp integra
any tips or places to start reading and studying up on trading and stocks?
I would like to know more and get into it, thanks

I wish this would have just been stickied....

http://forums.beyond.ca/st/309731/official-investment-links/

[CMW403]

Originally posted by davidI
CMFW403 - tried replying to your PM but your inbox is full.

Should be good now!

[Red@8]

Picked up some UUU today.

[997TT]

Npk and avl are in some lonely green territory company today

Frickin tao. Sold in the mid 8s and have regretted it ever since.
Even had an opportunity to rebuy around 8 and didn't.

[Red@8]

Out of UUU, so much for playing the earnings.

[msommers]

Looks like a good day to pick up new stock. All of my 20+ stocks on watch are red :rofl:

[Manhattan]

Should've waited a couple days to pick up stocks :banghead:

[canadian_hustla]

anyone buying DSCO?

high risk pharma, FDA approval is expected by end of business today.

everyone says it is going to double.... any thoughts?

EDIT: either it is going to double or it will go down by 50%. something is going to happen today.... hoping it will double :)

[RawB8figure]

DV:CVE DOLLY VARDEN SILVER CORP

EXS:CVE Explor Resources Inc.

Here are a couple of other stocks I picked up, thought I would share.

I am also watching RBW:CVE very closely, started watching at 0.18 and I am kicking myself for not pulling the trigger, but funds were tied up.

[Zewind]

RSP inflation at its best

[roopi]

Into COS and SU for a trade today. Looking at 1-3 weeks on both of these.

COS maybe shorter depending on what type of news comes out on the coker situation over the next week.

[in*10*se]

Originally posted by canadian_hustla
anyone buying DSCO?

high risk pharma, FDA approval is expected by end of business today.

everyone says it is going to double.... any thoughts?

EDIT: either it is going to double or it will go down by 50%. something is going to happen today.... hoping it will double :)

haven't played a high risk pharma in a while. i'll take a look into it :)

[canadian_hustla]

Originally posted by in*10*se


haven't played a high risk pharma in a while. i'll take a look into it :)


went from $3.50 to $4.58 in 30 60 seconds. then dropped back to $3.74 in around 60 seconds or so.

someone put a 300k share order to knock out some of the shorts.

pretty quiet now.... wondering if I should sell my $2k worth lol

there will be a storm with this one (look at the avg vol: 500k and today it was over $4M)

something is going to happen... albeit good or bad.

talk about a crazy one...

CLICKY -DSCO (http://finance.yahoo.com/q/bc?s=DSCO+Basic+Chart&t=1d)

[msommers]

Originally posted by canadian_hustla
anyone buying DSCO?

high risk pharma, FDA approval is expected by end of business today.

everyone says it is going to double.... any thoughts?

EDIT: either it is going to double or it will go down by 50%. something is going to happen today.... hoping it will double :)

Where are you getting your info from?

[canadian_hustla]

^

watching a bunch of the forums on reuters and yahoo. There seems to be a buzz about the FDA giving approval to the drug as it appears that they corrected all the problems from the previous fail.

I am not saying buy it, all I am saying is that it is an interesting one to watch...


Scenerios:

1) It doubles, this is due to the drug passing FDA.

or

2) It falls, this is due to the fact that this would be the 4th+ time that the drug failed with FDA.



EDIT 2: NM ITS HALTED>....

[e36bmw///]

nm

[canadian_hustla]

Originally posted by e36bmw///
shit its halted

options are halted too

yeah it is insane. Here's my take on it... I make 2-4 times my initial investment of $2k or I lose it all....

imo its a 50/50

[cidley69]

What does it mean when its halted?

[canadian_hustla]

^ it means you cannot buy/sell for some reason. In this case it was because there was huge news coming out and people would either pump or dump.




FDA approved.

stock will double... triple... check it tomorrow morning.

:clap: :clap: :clap: :clap:

[cidley69]

Well done hustla!

So because its halted too late to buy this one to make a quick buck?

[canadian_hustla]

Originally posted by cidley69
Well done hustla!

So because its halted too late to buy this one to make a quick buck?

you can try it, markets are closed but see what the ask price is.

today was a good day to be sick with the flu.

my buddy bought 4300 shares ($15k) he is going to win huge..

EDIT: I tried to buy more but couldn't... the after hours trading is very busy... there are bids as high as $6.75/share...

EDIT 2: OK, so it looks like there is a lot of activity around the $4.80/share. interesting to see what it opens at.

CLICKY (http://www.nasdaq.com/symbol/dsco/after-hours?page=20)

[in*10*se]

^ looks like good news to me.

[canadian_hustla]

Originally posted by in*10*se
^ looks like good news to me.

1.6M in aftermarket trading... and I hear that a lot of people are taking profits. do you know what I need to do to trade aftermarket?

Thanks in advance

[msommers]

A lot of risk involved with that one. A little too much for my taste but glad to see it went well for everyone!

[canadian_hustla]

^

crazy risk. it was either a "hero" or "zero"...


everyone except the shorty's :)

[Manhattan]

Originally posted by canadian_hustla


yeah it is insane. Here's my take on it... I make 2-4 times my initial investment of $2k or I lose it all....

imo its a 50/50

Might as well lay it down on red/black at the roulette table. Only difference is u get free drinks and no transaction fees lol

[canadian_hustla]

Originally posted by Manhattan


Might as well lay it down on red/black at the roulette table. Only difference is u get free drinks and no transaction fees lol


LOL and no BS exchange rate....

[Type_S1]

Looks like if you bought DSCO you did great for yourself if you got out early this morning.

[Feruk]

Anyone own any of the American investment corp companies? They all seem to pay a pretty good dividend (some sustainable, some not). Any thoughts on these? I'm looking at PNNT on the Nasdaq, but other ones that popped up on my list are TCAP, ARCC, SLRC, VGR.

[triplep]

It seems like you guys know your shit, I am wondering what you think of PCLN??