Here are my trades to start the year:
- I added to my position in Amaya. Indeed, bad names will stop appearing in bad actor clause negotiations now that both David Baazov and Daniel Sebag are gone. Plus Amaya’s operations are coming out as very strong.
- I bought back shares in Corridor Resources, as you know. It’s now or never for Corridor to move west and grab assets on the cheap before oil heads substantially higher. I need to go long before reading about the acquisition in a press release.
- I added to my position in MEG Energy after the company announced a major refinancing plan.
- I added to my position in Painted Pony Petroleum. The company is still undervalued despite being up 60% since I bought it nine months ago.
I also went long lithium by buying all the junior exploration companies operating in Quebec: Critical Elements, Nemaska Lithium and Natan Resources. I’ll let you know shortly how I narrowed it down to those three companies.
Disclosure: I am long AYA, CDH, CRE, MEG, NMX, NRL, PPY. Not for republication on Seeking Alpha.