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Rick Rule Rhetoric
@RickRuleRulz
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Sharing insights and analysis from the mind of the legendary resource and commodities #Investor and #Speculator for the Rick Rule fans. (Not the real Rick Rule)
Joined April 2022
"I notice postings on social media where people have 'uranium' as part of their handle are saying, 'I sold my #uranium stocks; the game is over.' That’s lovely, truly lovely."
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"In the year 2000, gold was at $253; now it’s at $2,700. #Gold has gone up 8% and change a year for 24 years, and people say, 'When is gold going to move?'"
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Rick Rule’s top picks from BNN summarised - December 13 2024 **Africa Oil $OII** Oil & gas sector is currently out of favor. Africa Oil has successfully acquired its partner in Nigeria and done a wonderful job paying down acquisition debt. Now, they're poised to focus on returning cash to shareholders while tapping into substantial exploration upside in Nigeria and Namibia. I see Africa Oil selling at 50% discount to the NPV of their existing Nigerian assets only, meaning you get everything else for free, they have strong backing from the Lundin family. **International Petroleum $IPCO** As a heavy oil producer and backed by the Lundin Group, International Petroleum could benefit significantly if Trump successfully de-bottlenecks the Keystone pipeline. Management believes the company is substantially undervalued, and their primary strategy has been to buy back shares after sustaining capital investments. **Ecora Resources $ECOR** In my view, Ecora is the most undervalued intermediate royalty company, primarily due to its London base and a smaller constituency for royalty firms. While coal is currently out of favor, and royalty income may decline over the next 3-5 years, the market is overlooking its impressive portfolio of other assets. I believe Ecora has the best cash flow pipeline among its peers—either the share price rises, or it becomes a target for consolidation.
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