Date updated:07-15-2008
Emerging secular trends focus via small to micro-cap Canadian based stocks. Current themes emphasized are agricultural, uranium explorers, international conventional oil explorers, Canadian oil sands developers, gold&silver explorers, Canadian unconventional oil&gas, alternative energy including solar and wind providers.

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BCF.TO
Bronco Energy Ltd - $4.00
- -13.42%
- $4.20
Emerging Alberta oil sands play. CIBC analyst view: Significant Upside Beyond Our Current Estimates – Catalysts include: 1) delineation of the Grand Rapids; 2) increased land holdings; 3) horizontal drilling in the Middle Wabiskaw and West Block; 4) renegotiation of the JOA for SAGD production; and 5) increased recoveries from the Upper Wabiskaw. We believe that demonstrating sustained production will be the major catalyst for the stock in the near term. Based on our risked view of Bronco's major assets, we are initiating coverage as of December 11, 2007 with a Sector Outperformer rating and $15 price target.

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BQI
Oilsands Quest In - $1.37
- -9.87%
- $1.45
Explores for, and develops oil sands deposits in the provinces of Saskatchewan and Alberta, continues to receive a “top pick -speculative” rating from Desjardins Securities. Analyst Adam Zive recently reiterated his $7.50 price target on the shares and said investors should expect “substantial near-term catalysts” in 2008. One of these comes from the company’s Axe Lake discovery in Saskatchewan. Mr. Zive noted that the project is progressing toward commercialization and negotiations are expected to begin with potential partners. Oilsands Quest is also pursuing a listing on the TSX that could come as soon as the first quarter of 2008, he told clients in a note.The analyst’s price target represents upside of roughly 80% above Friday’s closing price of $4.16. However, he said if commercial production levels are achieved, the stock could provide value of up to US$20 or more per share. Oilsands Quest has an attractive combination of the largest contiguous oil sands land position, significant resource potential, material near-term catalysts, a more favorable operating environment in Saskatchewan compared with Alberta, M&A potential, and a team of directors and management with a proven track record and 20% ownership of the company

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ENG.V
Energulf Resource - $0.27
- -10.00%
- $0.27
Emerging Namibian/Angolan offshore oil. EnerGulf has a 10% working interest in Namibia’s offshore Block 1711. Russia’s Sintezneftegaz is the operator and holds 70%. South African national oil company PetroSA holds another 10% working interest. NAMCOR, Namibia’s national oil company, has a 7% interest and a local Black Economic Empowerment (BEE) partner holds the remaining 3%, both of which are being carried by Sintezneftegaz. Best estimates for Kunene #1’s prospective hydrocarbon resource are 454 mbd oil and 445 bcf gas, according to a Sept. 2006 resource probability and risk analysis by Netherland, Sewall & Associates. The corresponding figures for Hartmann came in at a whopping 2,704 mbd oil and 1,928 bcf gas. "Block 1711 contains the most attractive undrilled structure that I have seen in over 40 years of exploring for oil and gas internationally. In my opinion, each of the Kunene and the Hartmann prospects are of a sufficient size to have the potential to contain a 'giant field,' being over 500 million barrels [as defined by the American Association of Petroleum Geologists],” Bill St. John, EnerGulf's adviser for African and other international oil and gas exploration operations, stated in a media release. “Our participation as the only publicly-traded company in Block 1711 affords EnerGulf shareholders a unique opportunity in this world class prospect as we prepare to drill the Kunene #1. Wellington West analyst view: blue sky potential of C$20.

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ICI.TO
Inter-citic Miner - $0.37
- +5.71%
- $0.355
Junior exploration Company with their own drill rigs, exploring and advancing the key Dachang property in NW China through strategic domestic relationships. The relationships provide access to an extensive technical database for possible new acquisitions as well as a depth of in-country experience and knowledge. N.I. 43-101 inferred resource of 2.0 million oz gold in two zones.Wellington West analyst view: Raising target price to $3.25 per share from $2.25 per share. Based on encouraging infill and step-out drilling results from the 2007 program, we believe the deposit could host 5 million ounces gold in open pittable resource.

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GNZ.V
Goldnev Resources - $0.10
- 0.00%
- $N/A
Emerging Sask shale play. Viewed as a technology play for the most part with high leverage to Canadian shale sector. Shale units are flat lying tabular rock bodies with a relatively uniform chemical composition. Therefore, most believe that there should be very few surprises geologically.

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LNG.V
Lng Energy Ltd (t - $0.065
- 0.00%
- $0.07
Emerging Papua New Guinea LNG play.

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JNN.V
Jnr Resources Inc - $0.26
- +1.96%
- $0.285
Emerging Sask & Newfoundland uranium.

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OPL.V
Opel Internationa - $0.185
- -7.50%
- $0.19
Emerging solar products.
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