Sunday's Briefing

A quick review of recent trades:

• Manulife (MFC) purchased @ $20.64 sold @ $21.81 – holding period 12 trading days.
• Petro Canada (PCA) purchased @ 42.54 sold @ $43.12 – holding period 11 trading days.
• Talisman (TLM) purchased @ $15.12 sold @ $16.89 – holding period 8 trading days.
• Canadian Natural Resources (CNQ) purchased @ $59.32 sold @ $62.59 – holding period 14 trading days.

A quick review of most recent recommendations: Price changes from July 7^th lows through Friday July 17^th close.

• Canadian Natural (CNQ): $54.77 - $63.01
• Nexen (NXY): $23.02 - $22.10
• Petro Canada (PCA): $38.51 - $43.27
• Suncor (SU): $30.30 - $33.95
• Talisman (TLM): $14.96 - $16.93

Recommendations for Monday:

I continue to recommend Nexen (NXY) which I did purchase on Friday for $21.94 & $21.95. I was watching BNN’s Market Call last night which featured famed veteran financial manager Veronika Hirsch of Bluemont Capital (from the Friday show). She had purchased Nexen on weakness the day prior. Watch for any weaknesses in Oil and Agriculture stocks for potential trades. Continue with “summer caution” and good luck, Warren.