BIREF
BIRCHCLIFF ENERGY LTD
stock OTC

I just rotated out of about half my portfolio, took profits and went to 30% cash while picking up some new bargains and added to other existing positions.
My thesis is: diversity within the commodity market. Buy asset heavy, well financed or turn around stories that trade cheaply to their asset value. I look for companies who pay stable dividends to offset any cyclicality’s and volatility’s. I’m trying to own companies who are both foreign and domestic.
Oil/Oil services/Natural Gas: cyclical
Lots of these are underinvested, low price to book, printing cash and paying a healthy dividend. Oil is not going down any time soon. Even if the straight opens, lots of infrastructure that takes years to online has been destroyed. Most of these pay me to own them.
Weighted heavy to least.
PBR, IEP, DVN, EPD, ET, PR, BIREF, RIG, FANG
Iron Ore/Nickel: cyclical
I’m bullish Brazil. I’m also bullish Nickel. I’m also bullish shipping
VALE is a very interesting company. They not only operate mines. They operate ports, railways, trucking terminals and even produce electricity in emerging markets. Plus their dividend is fantastic.
Gold: speculative
Found a producer who’s permitting a new mine with really strong drill results and private placement funding to execute without dilution and on a year that will have a late summer/fall before winter stops progress. Assets in the ground give a potential for multiples upon multiples.
BYAGF.
Graphite: speculative
US graphite mining company that was destined for bankruptcy that Sprott came in and bailed out with a cash injection for dilution. They’re trying to move into battery recycling and production which should help offset the cyclicality of the commodity market. Still trading way below their asset value.
NGPHF
Maritime Shipping Oil/LNG: cyclical
Premiums are high. Demand is super high. New ships are not being built fast enough. Old ships were scrapped heavily in anticipation for new regulations while demand was low. Now the industry is printing money hand over fist.
TRMD, STNG, SBLK, PSHG, NAT, FLNG,
Some other honorable mentions.
ULH: picked them up recently after the falling knife. Will continue to buy if it falls further. Their assets in the form of railway terminals and trucking terminals are the most attractive assets they have. Plus their involvement in Columbia is attractive to me. They could go bankrupt and the asset value would still be higher than the share price, after paying debt obligations. Plus they still pay a dividend.
POWW: Great business at a cheap price. They have tons of cash, almost no debt, big profit margin, almost a monopoly in their industry. And they trade at their book value.
DETX, REKR: both are my theses that more AI products will be utilized in Law Enforcement. Both are positioned well to profit from the adoption of their technologies. Neither is profitable and both are speculative.

I just rotated out of about half my portfolio, took profits and went to 30% cash while picking up some new bargains and added to other existing positions.
My thesis is: diversity within the commodity market. Buy asset heavy, well financed or turn around stories that trade cheaply to their asset value. I look for companies who pay stable dividends to offset any cyclicality’s and volatility’s. I’m trying to own companies who are both foreign and domestic.
Oil/Oil services/Natural Gas: cyclical
Lots of these are underinvested, low price to book, printing cash and paying a healthy dividend. Oil is not going down any time soon. Even if the straight opens, lots of infrastructure that takes years to online has been destroyed. Most of these pay me to own them.
Weighted heavy to least.
PBR, IEP, DVN, EPD, ET, PR, BIREF, RIG, FANG
Iron Ore/Nickel: cyclical
I’m bullish Brazil. I’m also bullish Nickel. I’m also bullish shipping
VALE is a very interesting company. They not only operate mines. They operate ports, railways, trucking terminals and even produce electricity in emerging markets. Plus their dividend is fantastic.
Gold: speculative
Found a producer who’s permitting a new mine with really strong drill results and private placement funding to execute without dilution and on a year that will have a late summer/fall before winter stops progress. Assets in the ground give a potential for multiples upon multiples.
BYAGF.
Graphite: speculative
US graphite mining company that was destined for bankruptcy that Sprott came in and bailed out with a cash injection for dilution. They’re trying to move into battery recycling and production which should help offset the cyclicality of the commodity market. Still trading way below their asset value.
NGPHF
Maritime Shipping Oil/LNG: cyclical
Premiums are high. Demand is super high. New ships are not being built fast enough. Old ships were scrapped heavily in anticipation for new regulations while demand was low. Now the industry is printing money hand over fist.
TRMD, STNG, SBLK, PSHG, NAT, FLNG,
Some other honorable mentions.
ULH: picked them up recently after the falling knife. Will continue to buy if it falls further. Their assets in the form of railway terminals and trucking terminals are the most attractive assets they have. Plus their involvement in Columbia is attractive to me. They could go bankrupt and the asset value would still be higher than the share price, after paying debt obligations. Plus they still pay a dividend.
POWW: Great business at a cheap price. They have tons of cash, almost no debt, big profit margin, almost a monopoly in their industry. And they trade at their book value.
DETX, REKR: both are my theses that more AI products will be utilized in Law Enforcement. Both are positioned well to profit from the adoption of their technologies. Neither is profitable and both are speculative.