Fosterville South Exploration Ltd. (FSX:TSXV) is the newly listed junior that owns the ground Due south on the same fault with the same geochemical and geological signatures as the highest grade, lowest cost mine in the world today – Kirkland Lake Gold’s (KL:NYSE/TSX) Fosterville Gold Mine in south-central Australia.It’s a huge land package...
I'm about to open a small window into the arcane world of oil producers' hedging.  There are lots of industry terms you've never heard of....but the bottom line is this:Oil producers routinely write WAY out of the money hedges and pocket a small premium on a situation...
I am itching for 2020 to get started. As the calendar turns into a new year, I have FOUR junior mining plays that will come to trade—all of them before the end of Q1 2020.  In fact, one will likely list the week of December 2. These four stocks alone are...
Dan Loeb's Bearish View on Frac Sand Stocks Earlier this week, I showed you how the share prices of frac sand suppliers have crashed since February and have generated a lot of pain for shareholders. Here is the not so pretty picture: Ticker Company 2017 Share Price Peak Current Share Price Decline % Decline SLCA U.S. Silica $61.49 $37.39 $24.10 39% EMES Emerge Energy $24.45 $11.19 $13.26 54% HCLP Hi-Crush $23.30 $13.37 $9.93 43% FMSA Fairmount Santrol $13.12 $5.00 $8.12 62% Shareholders...
It has been a rough couple of months for the shareholders of the big four frac sand suppliers. At the start of 2017 everyone--including me--was buying into the bullish story for these companies based on the industry trend of sand, sand and more sand.  Sand has been the #1 efficiency...
A Six Percent And Growing Royalty On Surging Permian Production At this point I’m sure you are familiar with charts like the one below. This chart shows where production in the Permian Basin is going over the next four or five years. This is the chart from one analyst.  I can show...
Great Investors Share One Trait – They Wait For The Fat Pitch (Exactly Like This One) If you want to be a really good investor, you need to be able to do one thing really well: Sit on your hands and do nothing. It sounds easy, but it is the hardest thing...
What’s the most un-sustainable part of the global energy complex? Maybe you would say co-ordinated OPEC production cuts. Or perhaps you would bring up high growth rates of shale producers. If you talked about the lack of free cash flow among shale producers you would be getting warm… But for me, when I...