John Stephenson is senior vice-president and portfolio manager at First Asset Funds. Today we look at the First Asset Energy and Resource Fund, which trades under the symbol TRF.UN on the TSX.
TOP FIVE HOLDINGS
OPTI Canada (OPC-TSX) $24.92
"OPTI is an oil sands producer, which is about to experience a significant rerating as it ramps up production at its Long Lake project. A possible takeover candidate."
Tristar (TOG-TSX) $20.99
"Tristar is a junior oil and gas company with an emerging focus on the Bakken light oil play in Saskatchewan."
Suncor (SU-TSX) $64.36
"Suncor is a leading oil sands producer with an unmatched record of strong production growth and good cost control."
PAST PICKS (AUG. 8, 2007)
Then: $31.04 Now: $41.39
Total return: $34%
Devon Energy (DVN-NYSE)
Then: $78.90 (U.S.) Now: $116.46
Total return: 49%
Vermilion Energy (VET.UN-TSX)
Then: $37.70 (Cdn) Now: $44.75
Total return: 25%
"Food inflation, fuel inflation and turmoil with financial services companies are the order of the day. In our view, we advocate exposure to the agriculture and energy complexes that are experiencing dramatic commodity price appreciation as the scarcity of supply and unrelenting global demand continue to support valuations for these companies."
Melissa Martin, BNN
BNN-Business News Network presents Market Call live Monday to Friday at 12:30 p.m. ET/9:30 a.m. PT. To send a question to upcoming guests, e-mail firstname.lastname@example.org.
© 2007 The Globe and Mail. All rights reserved.
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