Topic: Growth Stocks

Stock Pickers Digest Hotline – Thursday, June 30, 2011

Article Excerpt

PLEASE NOTE: Our next Hotline will go out on Friday, July 8, 2011. IAMGOLD CORP., $18.14, symbol IMG on Toronto, has now sold its 18.9% stake in the Tarkwa and Damang gold mines in Ghana to South African mining giant Gold Fields Ltd. IAMGold received cash of $667 million U.S. for these interests. The company now holds over $1.1 billion U.S. in cash and gold bullion. That gives it lots of options to spur its share price: it could raise exploration spending; make an acquisition; pay dividends; or buy back shares. IAMGold is still a buy. DELPHI ENERGY, $2.13, symbol DEE on Toronto, explores for oil and gas in Alberta and B.C. Natural gas makes up 74% of its daily output; the remaining 26% is oil. Delphi has started up its summer drilling program. In the second half of this year, it plans to spend $40 million to drill 12 wells. The company expects the exploration and development to increase its average production…