Agnico Eagle Mines (AEM) has been a complete disaster. Their loss of their most productive mine coupled with a general contraction of multiples in the Gold sector has seen the stock move from $85 to $36 a loss of almost 60%.
The stock is really cheap here and I would not be surprised if someone stripped in and bought it out.
Talisman Energy (TLM) is trading at a price that gives $0 to its gas reserves. The current market cap is easily justifiable based on oil production/reserves alone (compare Crescent Point or Baytex Energy's enterprise value to Talisman and adjust for barrels of oil production).
I will be initiating positions tomorrow.
3 comments:
I can't. Wait to see coswf earnings. With Nat gas so low they should be good and with 2.50 mg next quarter should even be better.
Whats your take on stocks and the dollar for the next 6 months and next 3 years
Bullish on the dollar, bearish on most stocks.
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