RE: Pulverizer Well PPY.A has a lot of Nat Gas and therefore I am avoiding it, only because I am already invested in other Nat Gas plays and don't want to own any more. I bought into LEG because it was more Oil based. I am a novice investor and have been for 4 years now. I've made some cash, I've lost a lot of cash and am always learning. I don't mind owning Nat Gas plays because down the road these are going to be great, but like, 3 to 4 years down. Which is fine. I also hold some Gold plays as well which are performing the best at the moment.
My eyes are on a few plays, some Oil and some other things. For energy I am especially looking at RPL.V as it has come way down, I have made money on that one before, it is a junior but it also produces and is more Oil than gas. I am being greedy and it is having a hard time dropping below $3 and I want in at $2.25 to $2.50. I believe Oil will continue downward pressure through the summer and therefore I am going to wait to see if I am right or not, or if I missed the opportunity to get RPL so cheap that should mean my other positions went back in the black so, c'est la vie.
I am also waiting to see how far down LEG will go as I may add back into this one if it really pushes farther down.
Another one I am watching closely is PBN.T. PetroBakken is a great company of which I was playing technicals on and was playing the elliot-wave cycles and managed to get out before it came crashing back down. It is struggling to go above $12 and below $11 right now and if I see it in the $10's I am definately buying this one. It should be a buy even at these levels, however as I believe we will see a short term crash in the price of Oil I am going to wait it out until August/Sept before I make a move on it. Cause if I am right then it should be in the $9s or $10s as it gets beat up. Once Oil rally's back to the $100 area this one will shoot back up to the $15 to $18 area and analysts have targets in the $20s for it. It's definately a play worth watching. It also pays a monthly dividend of 8 cents a share.
Another is Suncor, SU. It's around $28 and change right now, may go another buck or two lower as Oil drops but it shouldn't be going much farther than $25. When Oil returns to the $100 levels it will head back to the $34-$36 range and analysts have it in the $40s+. It's of course a large cap but it's more stable than juniors, you'll make lower returns but you'll make, not loose your shirt.
The other large cap is CNQ and I feel the same for it as I do Suncor.
Those are the 4 energy's that I am especially watching, however I have over 30 stocks in my energy watchlist, but these 4 I feel the best about. I also own AAV, DEE, WRG. The first 2 are mostly Nat Gas and the latter is an Oil Service company that is not very liquid and has sustained the decline far greater than the first 2.
Finally, I am also watching QRM.T for a Rare Earth Play. I have been burned twice by this play as my novice trading has taught me a few lessons about "pump and dump" spec juniors that are not producing and are hoping to one day have a mine. It has a fantastic resource in Quebec and IF it can get its stuff together it could be the Canadian equivalent of MolyCorp (MCP). But that's just it. I bought in at the 4s, then it went into the 6s, I bought more, then the 8s and I was excited but I didn't fully understand the cycles of a spec play and how investors push these to the moon well ahead of when they deserve to be so high and when information came out that grounded it, plus it's not a producer and won't be until 2015/2016 IF it can, it has shot way back down. Not to mention I got all caught up in the "hype" on Oct 4th by the dooms day people and I sold all of my positions worred about a Recession that never came and because I sold out I have lost 55% of my portfolio.... instead of holding..... Today QRM.T is $1.56 and I do believe that it will eventually become a mine for a variety of reasons that I don't want to get into right now, but if you do you DD you may feel the same. However I see it going to 80cents before it goes to $4 mostly to do with marco factors, it being a junior that doesn't produce yet and the fatigue of impatient investors who think they should be making 300% in 6 months on a stock and they get out. It is making new 52wk lows and if I see it around a buck even I will buy a small position and wait it out until 2016 as it could be back in the $10s or $20s by then if it starts to get closer to being an actual producer. It has enough resources on its land to make it a big player in the HREE markets for decades. Or Molycorp could see value in it and buy it outright as well. Either way, it'll be the most spec play because it is a nonproducer and ever since last year of me foolishly playing with all these nonproducing juniors I have made it a policy of mine to not invest into any company that isn't at least earning something while it explores for more. Too much can happen to these speculative wannabie companies........
PPY.A is a good name and a good play and has got its teeth kicked in, but we all know eventually there will be an LNG pipeline on the west streaming this stuff to Asia and when that happens all the producing LNG firms will be making bank. So if you're not one of those impatient investors who think they should be making 300% in 6 months, stay strong and give yourself a nice 3-4yr window on that one and you'll be glad you did.
peace.