SHREVEPORT, La., April 24, 2006 (PRIMEZONE) -- DonHarrold.net (IARD #119079, http://www.donharrold.net), rates Sun Microsystems Inc (Nasdaq:SUNW), Qualcomm Inc (Nasdaq:QCOM), Seagate Tech Hldgs (NYSE:STX), and News Corp Inc Cl A (NYSE:NWS).
DonHarrold.net provides unbiased stock ratings from registered investment advisors. DonHarrold.net issues daily market commentary and features a member's area with detailed information on widely held stocks.
Important Stock rating Changes:
Sun Microsystems Inc (Nasdaq:SUNW)
DonHarrold.Net Rating: Sell
http://www.stockpickreport.com/abrating.php?sym=SUNW
Qualcomm Inc (Nasdaq:QCOM)
DonHarrold.Net Rating: Sell
http://www.donharrold.net/ratings/US/QCOM.php
Seagate Tech Hldgs (NYSE:STX)
DonHarrold.Net Rating: Sell
http://www.stockpickreport.com/abrating.php?sym=STX News Corp Inc Cl A (NYSE:NWS)
DonHarrold.Net Rating: Sell
http://www.stockpickreport.com/abrating.php?sym=NWS
DonHarrold.net Commentary -- April 24, 2006
A few weeks ago I wrote about buying Canadian Oil Sands Trust. I am adding it again today. I am also recommending two other Canadian oil companies. One of them is Canadian Natural Resources, and the other is Petro Canada.
I like Canadian Oil Sands for many reasons, and one of them is that if you buy these shares, and the Canadian dollar continues to gain strength, your shares will reflect that gain. It's a way of limiting currency risk, and still buying on the NYSE and pink sheets. The Canadian dollar could only get you USD$0.63 a few years ago. Now it can get you USD$0.87. That's a gain of 38%. I told many people to buy real estate in Canada several years ago. They never listened. They should have. It was the perfect play. Is parity around the corner? Quite possibly. There hasn't been parity in 30 years between the two currencies.
Here's a snapshot:
Canadian Oil Sands Trust:
(TSX:COS.UN, Pink Sheets:COSWF)
Here are just a few reasons to buy Canadian Oil Sands. For one, it is Suncor's biggest competitor. Also, it has announced that they will propose a 5-for-1 unit split at their unitholder meeting on April 25, 2006. (Get in before then). The unit split will create more potential retail demand. Potential inclusion in MSCI's global equity indices at the end of May (5 weeks away). Stage 3 expansion is near completion.
Canadian Natural Resources (TSX:CNQ, NYSE:CNQ): As of December 31, 2005, the company had proved and probable reserves of 1,658 million barrels of crude oil and natural gas liquids; and 3,727 billion cubic feet of natural gas. This is a major diversified play in Canada.
Petro Canada (TSX:PCA, NYSE:PCZ): They drill for oil and they also have gas stations. They also have a small interest in the oil sands. Petro-Canada also has very low valuations with an 11.55 P/E which could make it a nice value play. Petro-Canada operates as an oil and gas company. It explores, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and internationally. As of December 31, 2005, the company's network of retail sites consisted of 1,323 outlets across Canada of which 838 were company controlled.
So, I recommend all three for longer term holds. -- Neil Batho, Guest Commentator
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