adding FRP, buying SU

Suncor Energy, ticker symbol SU in Canada and the US

If, like us, you believe in the long-term scarcity of oil, increasing depletion of current reserves and the diminishing frequency of significant new discoveries along with global increases in demand, then Suncor appears to be a smart buy. We have been long-term holders of this stock, and note that it has challenged the $100 level recently as part of a familiar pattern that we believe indicates that the share price will soon rise above that $100 level and realize it as a new support price.

In hopes of this we buy Suncor, ticker SU in both Canada and the US, at $95 Those wishing to bid low may consider $93.30



Frontier Pacific Mining, FRP on the Canadian Venture Exchange.

On May 19 we wrote “The Frontier chart clearly shows a long-term up-trend and an immunity to the recent sell-off in gold and uranium stocks. In our experience such a chart with a plateau as seen the past month or two is very bullish. Soon it will have a big move either up or down, and the trend suggests that move will be up. If not, we'll likely post a sell on closings below $0.70 thus making for only 10% risk or less given the recent closing price of $0.75 If it rises, we'll hold awhile.”

Another month has gone by and the trading range seems to be moving up slightly, as the stock now moves between $0.76 and $0.78 on low volume. Based on our experience we remain of the belief that if or when volume comes back into this stock it will move significantly higher.

See the long-term Hammond Power chart for many examples of flat trading during an up-trend and the common subsequent result on the share price.

The fact that another month of sideways trading has gone by only strengthens our sentiment so we have added to our holdings of FRP at $0.78 We will likely be sellers on closings below $0.70



NUS, Nautilus Minerals Inc.

Last week we bought Nautilus Minerals at $5.15 and it closed today at $5.80 on this good news - "High Grade Assays Confirmed"

Closing over $6.00 should prove extremely bullish for this stock, and we hold in hopes of that happening.



Mega Uranium, MGA.

On June 13, of Mega we wrote “upon closing below apparent support at $6 we've taken a closer look and note that the long-term trend of 2 years is just below the current close. This appears to be an ideal level at which to make initial entries or add to positions, however if closing below $5.50 this stock is technically a "sell" in our view. Please note whenever we cite price levels we mean closing prices above or below those levels, not intraday prices.”

The subsequent lows have been $5.51 so we hold with gaurded optimism. Note that Mega also trades as MGAFF in the US.



Hammond Power Solutions, HPS.a in Canada.

On June 5 we wrote “Hammond dipped today to close at $11.95 We'd be sellers to lock-in gains on closes below $10.00, however those entering currently for the first time may wish to apply a more aggressive stop level of $11.00 to minimize risk.”

The subsequent low close was $11.04 while today Hammond closed at $11.45 and we believe it to be a good buy or hold above $10.00 We are +176% on our initial holdings and +15% on our addition, plus realized an additional +23% gain in a swing position we held for only two weeks per this blog.

Low bidders may consider $11.11 for Hammond Power shares.



Uracan Resources, URC in Canada.

On May 5th we wrote “Uracan Resources is our most recent entry and while we view it as currently consolidating within an up-trend begun in September of last year, we'd be especially bullish and likely adding to positions on a close above $1.00”

On June 5 we wrote “When Uracan did cross $1.00 it kept on going and going, rising to a high of $1.59 or 57% above our April 10 $0.94 entry and closed today at $1.34 We hold, and would not add unless it falls below $1.10”

The subsequent low a week later was $1.10 and today Uracan opened at $1.30 and closed at $1.22 so we hold and remain bullish on closings above $1.00 We are +31% on URC since our entry in April of this year. Low bidders may consider $1.12



Red Hill Energy, RH in Canada.

On June 5th when Red Hill Energy stock was at $1.05 we wrote “An entry here, or re-loading of our position sold for 64% gains in only two weeks on May 02, seems prudent to us per the trend line. We'd likely be sellers on closings below $1.00 so downside would be limited if adhering to a similar sell level.”

The low since then was $1.00 exactly however today it hit a high of $1.37 and closed at $1.32, +26% from our last update. We hope some readers were able to take advantage of that opportunity, as did we. Low bidders may consider $1.12

Our RH holdings are currently +91% since our initial call in August 2006, and we’ve closed an additional position in May of this year for 64% gains after just two weeks holding the shares. We’re holding above $1.00 closes.


Frontier Pacific Mining Corp.
Suncor Energy

Nautilus Minerals Inc.
Mega Uranium
Hammond Power Solutions
Uracan Resources
Red Hill Energy


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