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earlier discussion

After the tremendous run-up in metals and oil this year, are you taking a second look at investing in miners and explorers? How about smaller resource companies? Front Street Capital fund manager Normand Lamarche answered your questions live, in an online discussion on Tuesday, November 24th.



Click on the Cover It Live box below for a replay of the discussion.



<iframe src="https://www.coveritlive.com/index2.php/option=com_altcaster/task=viewaltcast/altcast_code=db559663bf/height=650/width=460" scrolling="no" height="650px" width="460px" frameBorder ="0" allowTransparency="true" ><a href="https://www.coveritlive.com/mobile.php?option=com_mobile&task=viewaltcast&altcast_code=db559663bf" >Ask Normand Lamarche</a></iframe>


Three picks from Normand Lamarche: - Bankers Petroleum Ltd. (BNK-T) The energy company has a heavy oil field in Albania, and it is trying to boost production using more modern-day technology. "There is execution risk, but the early results are spectacular," he says. "We could see production going from over 8,000 barrels a day to 20,000, and up to 50,000 barrels a day over the next bunch of years." The share price could double over the next 18 months, he said. The stock last closed at $5. - Crew Energy Inc. (CR-T) This energy company, which is doing business in Alberta and British Columbia, has historically been viewed as a natural gas company, but the "exciting" part is its oil fields acquired a few years ago in Alberta, he says. Using new drilling technology, the oil assets alone could justify a $20-a-share stock over the next few years, he adds. "On top of that, they probably have some of the sweetest natural gas reserves and production in the B.C. Montney lands that could prove quite interesting in a better gas market." The stock last closed at $11.36. - SouthGobi Energy Resources Ltd. (SGQ-X) The company, which is majority owned Ivanhoe Mines Ltd., has a coal mine in Mongolia near the Chinese border. It recently attracted a $500-million (U.S.) investment from China's main sovereign wealth fund. "SouthGobi is going to produce two million tonnes of coal this year, and you could visibly see production ramping up to five- and 10-million over the next three years," he says. The stock, which will be listed in Hong Kong in January, could hit $25- to $28-a share within 12 months, he suggested. The stock last closed at $14. Read more about his outlook for commodities:

Normand Lamarche is a co-founder and partner at Front Street Capital. He holds a Chartered Financial Analyst designation and a Bachelor of Arts degree in economics from Carleton University and has been in the business of providing investment advisory services and portfolio management since 1987, when he first joined Altamira Management Ltd.

Mr. Lamarche was a portfolio manager with Altamira till March 1995, managing Altamira's Alta Fund Investment Corp., the Altamira Resource Fund and the Orbitex Resource Fund. In 1996, he established Tuscarora Capital Inc., an investment dealer affiliated with Front Street Capital, with Gary Selke.

Mr. Lamarche manages the portfolios of the Front Street Energy Growth Fund Inc., Front Street Special Opportunities Fund, Front Street Growth Fund, Front Street Small Cap Fund, Front Street Canadian Energy Fund and a number of Cayman Islands mutual fund companies. He also co-manages a number of flow-through and resource funds.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 28/03/24 3:54pm EDT.

SymbolName% changeLast
CR-T
Crew Energy Inc
0%4.65
IVN-T
Ivanhoe Mines Ltd
+2.54%16.16
K-N
Kellanova
+1.09%57.27
K-T
Kinross Gold Corp
+3.88%8.31
KGC-N
Kinross Gold Corp
+4.42%6.14
SPE-N
Special Opportunities Fund Inc
-0.24%12.6

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