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

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

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

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