may i suggest a few names I was perhaps the biggest single non mgmt shareholder in this name and I was touting its take over possibilities from day one. I sold immediately after the announcement the next day. If one could realize 98 % of the offer price it was foolhardy to not accept. Even now Nexen is ten % below the offer price reflecting doubt on that deal going through. In my opinion it is a done deal, but I will not invest in it as an arbitrage play because I dont trust American government on this one.
I have had quite a few emails sent to me asking if I could recommend a few names for long term capital appreciation. I have said my favorite names would be Penn West ( my large cap choice ) and Zargon Oil and Gas as my mid cap favorite. I remain extremely bullish on the drilling side as I expect Romney will be the best O and G President ever, usurping W himself Even with an Obama victory I suspect Keystone will be greenlighted and fast tracked as well because the jobs are needed PERIOD . It should also be known that Obama has also been called the best Republican Democrat in along time. He talks left wing but many of his actions are pro stock market, because that is the only mechanism that can inflate the distressed value of the American economy.
In short for safe conservative investing ZAR, PWT, and SVY. All pay attractive dividends. My infrastructure play is CUQ ( nice recovery off the bottom ) with a nice divvy to boot.
Higher beta names are PD , TCW, FEL , NGL and NVA.
Gold : Kinross and Lake shore Gold for long term capital appreciation ( road will be rocky and not for faint of heart)
I am looking at three Venture names or small cap TSX names on the radar as well.
There is also one play in financial services on my radar screen as well, but I do not have enough confirmation yet. I am at the 62 % confidence level and I requre 80 % or more before I pull the trigger and buy.