BANKERS PETROLEUM
(T-BNK)
WAVEFRONT TECHNOLOGIES (V-WEE)
AMAZON MINING
(V-AMZ)
VENTANA GOLD CORP
(T-VEN)
Our old favourites and the new ones
It might be a little early for a year end review, but
maybe considering the year we have all gone through, and
the bruises we had, why not?
For much of this year we have focused on a trip we
made to Albania back in February/March and saw first
hand the enormous assets and facilities of Bankers Petro-
leum.
In that enormous valley as far as the eye can see were the
old rigs and derricks of the days that the Russians and
Chinese ran at one time, assets that have been taken over
by Bankers and are introducing new western technology
and we should also point out are cleaning it up.
Abby Badwi, Doug Urch and their team comprise some
of the same team that were so successful at Rally Energy
in Egypt, and appear to be having the same success in
Albania.
Already a five or seven bagger from the depths of the
end of the world of eight or nine months ago, look for lots
of news in the coming weeks such as new production
numbers (well that shouldn't be much of a change) to new
budgets for next year (that should be a big change) and
new resource numbers in a few months .
Many expect that they are sitting on ultimately 6 to 9
billion barrels of heavy oil , but how much of it will be re-
coverable....and will we see a take-out offer in the next 12
months
Wavefront was another story we wrote up many times
and whether its’ revolutionary technology was as good as
expected. Jim Letourneau is a hydro-geologist and editor
of the Big Picture Speculator and had been close to the
company and a big believer of the potential. We wrote up
this story countless times while two mutual funds south of
the border had been big sellers of 15 million shares or so..
Now several companies have the equipment, but after
the stock has been a four bagger it now needs some size-
able contracts to justify its current sizeable market cap.
The easy money has been made.
Encana now has almost 18 months experience with
the new technology so an order of size is expected from
them, it would be the good House-keeping seal of ap-
proval...should it not appear over time, that would not be
good. The next 6 weeks or so are important.
With gold doing so well it's been interesting to see so
many gold stocks from biggie American Barrick to GBG
doing almost nothing!
Blame that on so many gold companies issuing so
many shares that many gold stocks have little leverage
left...
But thanks to Canaccord mining guy Nicholas Camp-
bell Ventana and Keegan have soared and bottom Fish-
ing guy John Kaiser had a great idea with Brett Re-
sources ( and he sure had some great ideas on rare
earths).
As we look forward it is time for new favourites.....
and also while there were huge hits with some resource
companies that survived the debacle of last year it will
probably be tougher to find the new winners, and re-
wards won't be what they were...or maybe they will.
In the oils, Sterling Resources is the top pick of Kevin
Shaw of Wellington West and he has certainly been one
of the top pickers of the past year. His published re-
search on Bankers was probably responsible for it tak-
ing flight and Painted Pony wasn't a bad idea either.
When asked if he could only buy one stock today what it
would be Shaw says Sterling, but there is a long list of
other analysts saying the same thing....after a time of
quiet, SLG now has a lot to do in the North Sea starting
shortly..
For another high reward (we hope ) play in the north
sea that no one has heard of yet, Excite energy will
hopefully do just that as they start drilling in Feb / March
on a large target already drilled 5 times but now looking
at commercial production and little Xel owns 100% of it,
at least so far.
How management raises some money, gets partners,
or sells it and hopefully attracts attention will be inter-
esting to follow because at this point very few know this
story...too bad.
With so many balls in the air, one money manager
suggests in the coming 6 months the story could be a
mere 50% return to a 500% return depending on man-
agement's ability to get things done.
That is a rather wide range , and we should point out
that there is always a chance for things to go terribly
wrong , but an adventure none the less.
Speaking of adventure, our recent trip to Brazil was an eye-opener .The country is booming and I now
know why there is the B in the BRIC countries. A big chunk of the boom in Brazil is due to agriculture,
35% of their economy and they are out to feed the world. As far as the eye can see are coffee plantations,
sugar cane, eucalyptus trees, oranges you name it. And they have the perfect climate for farm-
ing...constant weather and good rains mean that a farmer in brazil might get 2 and a half crops a year
while many in North America will be lucky to get one decent one.
What they lack in Brazil is fertilizer...93% of it has to be imported and because of the constant leeching
of the soils by the rains lots of fertilizer is needed.
If Amazon resources and its’ huge verdete deposit has the answer , this may be the adventure of the
There are plenty of hoops to jump through on this process, including drilling to size resources, to
see if the thermo potash process actually works, and finally real trials on real fields mean for a very inter-
esting year ahead. This was John Kaisers idea originally , and he had some very lofty potential goals for
the stock should it pass all the tests...very lofty. A high risk adventure for the gold bugs.