Here are three stocks to sell

Long-time readers know that we are constantly reevaluating our stock picks. Here are three stocks that have only limited growth prospects for the foreseeable future. We now see them as sells.

CASH STORE FINANCIAL SERVICES INC. $5.52 (Toronto symbol CSF; TSINetwork Rating: Speculative) (780-408-5110; www.csfinancial.ca; Shares… Read More

SHAMARAN PETROLEUM $0.23 – Toronto symbol SNM

SHAMARAN PETROLEUM $0.23 (Toronto symbol SNM; TSINetwork Rating: Speculative) (416-364-8820; www.shamaranpetroleum.com; Shares outstanding: 808.0 million; Market cap: $185.8 million) holds oil and gas exploration interests in Kurdistan. Kurdistan is the most stable area of Iraq, but operating there still entails considerable political risk.

ShaMaran and… Read More

Big potential — but with risk to match

MART RESOURCES $0.59 (Toronto symbol MMT; TSINetwork Rating: Speculative) (403-270-1841; www.martresources.com; Shares outstanding: 340.2 million; Market cap: $188.2 million; No dividends paid) trades at a low multiple to cash flow. That reflects investor concern about operating in politically unstable Nigeria.

Right now, Mart is producing oil… Read More

Stock Pickers Digest Hotline – Friday, April 21, 2011

PLEASE NOTE: We’ve put 12 sell recommendations, and our reasons for those recommendations, in the latest issue of Stock Pickers Digest. Here are the sells:

Tethys Petroleum, symbol TPL on Toronto

Pulse Seismic, symbol PSD on Toronto

Diamonds North Resources, symbol DDN on Toronto

Miranda Gold, symbol MAD… Read More

ShaMaran strikes oil

SHAMARAN PETROLEUM $1.30 (Toronto symbol SNM; TSINetwork Rating: Speculative) (416-364-8820; www.shamaranpetroleum.com; Shares outstanding: 499.5 million; Market cap: $649.4 million) reports positive oil showings at various depths from the Atrush-1 exploration well in Kurdistan. ShaMaran and its partners now plan further drilling to confirm the results.

ShaMaran… Read More

Stock Pickers Digest Hotline – Friday, January 7, 2011

PLEASE NOTE: Next week, The Successful Investor, our newsletter that focuses on high-quality Canadian stocks, will reveal its #1 pick for 2011. If you’re not already a Successful Investor subscriber, click here to learn how you can get one month—including our 2011 stock of the… Read More

Big potential — but with risk to match

TETHYS PETROLEUM $1.85 (Toronto symbol TPL; SI Rating: Speculative) (416-572-2065; www.tethyspetroleum.com; Shares outstanding: 188 million; Market cap: $347.7 million; No dividends paid) is producing and exploring for oil and natural gas in the Central Asian countries of Kazakhstan, Uzbekistan and Tajikistan.

Tethys’ properties in Kazakhstan and… Read More

Stock Pickers Digest Hotline – Friday, September 3, 2010

CANALASKA URANIUM, $0.09, symbol CVV on Toronto, plans to consolidate its shares on a 1-for-10 basis. That will lower its shares outstanding from about 171.9 million to 17.2 million.

Companies typically cut back their shares to make them more attractive to institutional or other large… Read More

Two junior oils, two levels of risk

BELLATRIX EXPLORATION $2.86 (Toronto symbol BXE; SI Rating: Speculative) (403-266-8670; www.bellatrixexploration.com; Shares outstanding: 92.5 million; Market cap: $264.1 million; No dividends paid) has established oil and gas production in Canada, one of the world’s safest jurisdictions.

Bellatrix produces oil and natural gas in Saskatchewan and west-central… Read More

This Canadian oil stock’s looking to tap into Iraqi oil

Iraq’s instability has weighed heavily on its oil exports. That’s caused many oil companies, including some Canadian oil stocks, to hold off on investing in the country.

However, the situation has presented some real bargains for foreign firms willing to take larger interests in Iraq… Read More