Canadian stocks rated by Iain Fraser

the Leafs

Played really well in the last 10 games and might have gone a long way in the playoffs. The hockey Gods were against us.

Oil Stocks

The way we see it is the best 5 oil stocks in this country are cnq; eca; nxy; tlm; and su. And they all want to go up. See our Report next week for more info.

Harper

Just don't understand it. Harper is letting the income trusts be destroyed; it should have been; no new trusts.

Why are we we encouraging our young men and women to get in harms way and die to save a muslim country. We should have no combat troops in  Afganastan ! How can I vote for Harper again ?

The big oil stocks !

We are referring to CNQ; Encana: Nexen: and Talisman.

After about 10 days research on these four stocks we have come to a rather vital conclusion.

Two of them are only OK; the other two are outstanding. The question is which is which ?

We have our answer in our Report that comes out this coming Tuesday and we will be glad to send it to you free and no obligation; just email us at; fraserratings@yahoo.ca

Paradise--the new Canadian Province !

Federally, this observer usually votes Conservative. But, if the election were held today Harper would not get our vote; or a plurality. Flaherty is determined to make mess of things; and destroy $30 billion of our money.

Why don't Harper and Flaherty spend far less than $1 billion and buy some sparsely populated islands in the Caribbean; turn them into a part of Canada; then we could go their in the winter and get our health care benefits.

The TSX is lagging New York

Now what? The Dow and the S&P 500 keep going to new highs but not the TSX. The reason we are behind of course, is some trouble in the commodity sectors. Gold is up but black gold is down; nickel is up but copper has fallen apart. We have two comments to make.

The first one is that it is very risky to try and figure what these commodity prices are going to be 3 months from now. We prefer to stick with the charts; there has been an upside breakout in nickel; gold is right at the breakout point; crude oil has broken down.

Our second point is that the heaviest weighted single sector on the TSX is the financial sector, and there is little or no trouble with the banks. As far as we are concerned the big two insurance stocks; Manulife and Sunlife; are excessively undervalued and technically in the right position, right now. For more on this get our latest Report (number 6); free and no obligation: fraserratings@yahoo.ca

Let's sell Alberta

Let's sell Alberta. We have already sold the Sudbury basin, one of the richest nickel, copper deposits in the world. We sold Sudbury to the Swiss and Brazil. Now the rumour is we are going to sell Nexen to France. How about selling CNQ to Iraq ? It seems that Canada has accepted that it is a global economy and therefore our natural resources are available to any outsider. In a few years the TSX may have shrunk to trading a few stocks like Loblaws and BCE. Maybe not even our banks are sacrosanct.

CIBC--big news !

There is a Report on the street that CIBC's earnings are estimated to go up 16% this year. Gazooks ! Does this mean the other big banks will also have a big year; could be.

Some months ago we said the technical target for CIBC was $104 to $114; the stock is working its way up to this range.

crude oil--look out !

Today crude traded close to  $50.00. Some big name analysts thought $52.00 was the low.

As we se it the odds are 3 to1 or 4 to 1 that crude is going down into the $40.00's; this is good for just about everyone excepts the oil companies.

Nasdaq 100

In some cases it has taken 7 years for some technology stocks just to get out of the swamp. They are still a long way down from where they were but at least they are showing a little bit of life.

The facts are that on our model many of them are now undervalued, and some are substantially undervalued.

The Nasdaq 100 to us looks like it can outperform the S&P/TSX Composite in the next 12 months.