TheStar.com - Business - Stocks to rebound in 2009: TD Waterhouse
THE CANADIAN PRESS
Ontario is on the brink of recession, the Conference Board of Canada says.
November 27, 2008
THE CANADIAN PRESS
TORONTO – Capital-market volatility will continue "in the very near term" but will ease during 2009 and key stock indexes will rise, led by large-company shares, TD Waterhouse predicts.
The forecast for 2009 from the TD Bank's brokerage follows its prediction a year ago that recession and a bear market were unlikely in 2008.
"Looking ahead to 2009, the key questions on the minds of investors are when the heavy volatility will end, what the `floor level' of the current bear market will be, and when will stocks begin to recover," Bob Gorman, chief portfolio strategist at TD Waterhouse, stated Thursday in releasing the new outlook.
The Toronto stock market – down by half from its peak in June – is forecast to advance, tagging along as the American market, ``after experiencing continuing pressure in the near term due to tax-loss selling and hedge-fund and mutual-fund redemptions, will rise in 2009."
TD Waterhouse notes that stock valuations are depressed, bond yields are low, and loosening credit and fiscal and monetary policy will stimulate the economy, while large amounts of cash are on the sidelines and corporate insiders are buying.
``Given their greater financial stability and low valuations, we feel that large caps
offer the best prospective risk-reward relationship," said Gorman.
Returns in the Canadian bond market are projected to be in the same range of 4.0 to 4.5 per cent as in 2008, with high-grade corporate bonds outperforming government issues amid "some reversal of the flight to quality." TD Waterhouse also expects a rally in high-yield debt, as so-called junk bonds "are highly correlated with equities."
European and Japanese stock markets are forecast to produce positive returns, but for emerging markets "caution is recommended for the present and avoidance of direct exposure." TD Waterhouse comments that "there may be some difficulties in Chinese real estate, which could spill over into their banking system."
As for the positive year-ago projection gone awry, Gorman observed: "This prediction was overturned by the unprecedented decline in global financial markets and commodity prices."
Thursday, November 27, 2008
Stocks to rebound in 2009: TD Waterhouse
QEC:potentially one of the largest unconventional gas plays in Canada
Caille touts Quebec gas reserves
Lyne Moore, Montreal Gazette
Lyne Moore, Montreal Gazette
Thursday, November 27, 2008
Once "geological and technical uncertainties" pertaining to unconventional gas reserves in the St. Lawrence lowlands are settled and the resource is proven, Quebec natural gas could generate more jobs and economic benefits than Hydro-Quebec, Andre Caille, the former CEO of the provincial utility told an equally-enthusiastic gathering at Quebec Exploration 2008.
During the annual Quebec Petroleum Society dinner, Caille said that the projected figures related to the gas play "are so big" that he wanted to review them because he was more accustomed to Hydro-Quebec's.
He later talked about 1,000 direct jobs and economic spinoffs worth $10-billion in 2007 dollars.
The multi-billion dollar question is not whether there is gas in the lowlands' shale but whether it can be retrieved economically; the first of the answers to those questions - all agree - are months away.
The multi-billion dollar question is not whether there is gas in the lowlands' shale but whether it can be retrieved economically; the first of the answers to those questions - all agree - are months away.
But investment dollars continue to flow into the project that analysts have already described as potentially one of the largest unconventional gas plays in Canada.
Part of the interest resides in the fact that Quebec has the lowest gas royalty fees in Canada - 12 per cent - and Alberta's are about to jump to 50 per cent.
This week, a Calgary-based private equity firm paid $3.5 million to junior companies to earn a 60 per cent interest in their exploration permits.
It may rival the largest U.S. onshore gas field - the Texas Barnett shale. Major producers, Talisman and Forest Oil - which says its assets may hold as much as four trillion cubic feet of gas reserves.
An array of test wells have been put down recently and critical results are expected within months.
Questerre Energy Corporation: Excellent Early Results From Shale Programs in Third Quarter
00:15 EST Thursday, November 13, 2008
00:15 EST Thursday, November 13, 2008
CALGARY, ALBERTA--(Marketwire - Nov. 13, 2008) -
NOT FOR DISTRIBUTION ON U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC) (OSLO:QEC) reported today on its financial and operating results for the third quarter of 2008.
"The appraisal of our major shale gas discovery in Quebec began in the third quarter with excellent early results," commented Michael Binnion, President and Chief Executive Officer.
"Pilot programs by our partners are on track to assess the commerciality of the Utica and Lorraine shales. We were also encouraged by a 10 mmcf/d test of the Liard shales at the Beaver River Field in British Columbia."
"The success of the drilling program in Antler largely contributed to our improved financial results during the quarter," Mr. Binnion added.
"Despite lower realized prices, cash flow from operations was $5.41 million up from $5.14 million in the preceding quarter. We maintained a strong balance sheet with no debt and positive working capital of over $67 million at the end of the quarter."
"Our financial strength and conventional assets allows us to weather these challenging markets and thoroughly evaluate what could yet prove to be the most valuable natural gas find in Canada."
Highlights
- Successful Utica shale production test in the St. Lawrence Lowlands, Quebec
- Expanded pilot programs commenced in the Lowlands with 4 wells spud during the quarter
- Liard shale well tests at over 10 mmcf/d at Beaver River Field, British Columbia
- Antler, Saskatchewan development program underway with drilling of 2 wells and stimulation of 5 wells in the third quarter
- Quarterly cash flow from operations increased over 124% to $5.41 million from $2.41 million in the third quarter of 2007
- Increased oil production contributed to improved operating netbacks of $48.51 per boe from $17.39 per boe in the prior year
Cash flow from operations for the third quarter of 2008 grew to $5.41 million from $2.41 million in 2007 and $5.14 million in the second quarter. The increase reflects the higher oil weighting in the Company's production profile and stronger commodity prices and netbacks during the quarter.
The Company maintained its financial position with a working capital surplus of $67.83 million at September 30, 2008 as compared to $10.00 million at December 31, 2007.
Petroleum and natural gas revenue for the three months ended September 30, 2008 was $8.89 million. This represents a 105% increase over revenue of $4.34 million in the same period in 2007 and relatively unchanged over revenue of $9.04 million in the second quarter of this year.
With average daily production of 1,292 boe/d (2007: 1,206 boe/d) in the quarter, higher commodity prices were primarily responsible for the higher revenue.
The Company reported net earnings of $0.29 million for the quarter as compared to a loss of $0.68 million in 2007.
Questerre is a Calgary-based independent resource company actively engaged in the exploration, development and acquisition of high-impact exploration and development oil and gas projects in Canada.
Questerre is a Calgary-based independent resource company actively engaged in the exploration, development and acquisition of high-impact exploration and development oil and gas projects in Canada.
This news release contains forward-looking information. Implicit in this information are assumptions regarding commodity pricing, production, royalties and expenses, that, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. These forward-looking statements are based on certain assumptions that involve a number of risks and uncertainties and are not guarantees of future performance.
Actual results could differ materially as a result of changes in the Company's plans, commodity prices, equipment availability, general economic, market, regulatory and business conditions as well as production, development and operating performance and other risks associated with oil and gas operations.
There is no guarantee made by the Company that the actual results achieved will be the same as those forecasted herein.
Barrel of oil equivalent ("boe") amounts may be misleading, particularly if used in isolation. A boe conversion ratio has been calculated using a conversion rate of six thousand cubic feet of natural gas to one barrel of oil and is based on an energy equivalent conversion method application at the burner tip and does not necessarily represent an economic value equivalent at the wellhead.
Questerre Energy CorporationAnela DidoInvestor Relations
(403) 777-1185(403) 777-1578 (FAX)
Email: info@questerre.com
Website: http://www.questerre.com/
Blue Sky Play For 2009 CRO-x .05 to 1.38
- This company has connections to very well funded mining operations through decades of experience. I believe Mr. Tyler when he says they are speaking with 5 strategic partners for completion of there project through joint ventures. Joint venture speculation could drive our sp into a frenzy.
- The drill program which comprised our 253 million dollar property is open at depth and further drilling could significantly increase the resource. Some of our strongest results were on outer edges of the drill zone. De-watering of the 2500 meter mine shaft will allow them to get at these areas. The intersection I speak of is the 7% nickel over 5 meters that intersection comes from the end of the drill core. Further exploration could offer up amazing results. 0 summer 2008 drill results out, any significant finds in mine ready atikocan or kenora/dryden properties will lift stock.
- The company has contractual agreements with Opiwica explorations (OPW) on the TSX.V to mill there major gold and copper find with in close proximity of Canadian Arrows Planned site. Mining could begin on both projects in early 2010. This represents earnings and is a good partnership for a company seeking to be the next significant Nickel Copper producer in Canada.
- Canadian Arrow has the ability to produce nickel in its mine at 3.47 per pound nickel. That kind of number is unheard of in comparison to other mines. With production scheduled for early 2010 (around the same time our economy should be significantly rebounding) what if nickel prices return back to 15 dollars per pound? This site will look like a gem to any investor! (plus the property would be worth about 400mil at 15 dollars per pound nickel.
This is just a few of the key points that I believe make this company look attractive. If my predictions are correct we will see a significant rebound to normal multiples over the course of the next couple of months and with any significant news pertaining to my points and our sp and volume will be sent soaring. JV with cash on the books and abilitiy to help put project into production will send our sp back to .50 if not higher! I am Bull on Canadian Arrow mines.
- The drill program which comprised our 253 million dollar property is open at depth and further drilling could significantly increase the resource. Some of our strongest results were on outer edges of the drill zone. De-watering of the 2500 meter mine shaft will allow them to get at these areas. The intersection I speak of is the 7% nickel over 5 meters that intersection comes from the end of the drill core. Further exploration could offer up amazing results. 0 summer 2008 drill results out, any significant finds in mine ready atikocan or kenora/dryden properties will lift stock.
- The company has contractual agreements with Opiwica explorations (OPW) on the TSX.V to mill there major gold and copper find with in close proximity of Canadian Arrows Planned site. Mining could begin on both projects in early 2010. This represents earnings and is a good partnership for a company seeking to be the next significant Nickel Copper producer in Canada.
- Canadian Arrow has the ability to produce nickel in its mine at 3.47 per pound nickel. That kind of number is unheard of in comparison to other mines. With production scheduled for early 2010 (around the same time our economy should be significantly rebounding) what if nickel prices return back to 15 dollars per pound? This site will look like a gem to any investor! (plus the property would be worth about 400mil at 15 dollars per pound nickel.
This is just a few of the key points that I believe make this company look attractive. If my predictions are correct we will see a significant rebound to normal multiples over the course of the next couple of months and with any significant news pertaining to my points and our sp and volume will be sent soaring. JV with cash on the books and abilitiy to help put project into production will send our sp back to .50 if not higher! I am Bull on Canadian Arrow mines.
Review This .pdf 12 page report:
Wednesday, November 26, 2008
Insiders Buying Bankers pet. BNK
This is a heavy oil play that needs 100.00 oil to make money
Bill Harris on Sherritt International and Bankers Petroleum vs. Pearl Exploration About Bill HarrisBill Harris, CFA, is a principal and portfolio manager for the equity and fixed income portfolios at Avenue Investment Management. He has over 14 years of experience in the investment industry. Prior to joining Avenue Investment Management, he worked at Sentry Select Capital as portfolio manager for the resource group of funds.
His responsibilities included managing mutual funds, limited partnerships and exchange traded funds that specialized in oil and gas, mining and alternative energy investments. Over the previous ten year period he worked at TD Asset Management; from 1999-2002 as the senior energy and mining analyst for the Precious Metals, Resources and Energy funds; and from 1992-1999 as the Canadian equity trader for the active equity group.
Mr. Harris received a BA in economics from Dalhousie University in 1990.He became a Chartered Financial Analyst in 1998 and is a member of the Toronto Society of Financial Analysts.
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