No need to get the wife involved.

Undervalued Stock #1 ========== ---------------- Valero LP (NYSE: VLI) ---------------- Insider Name: William E. GreeheyInsider Position: DirectorInsider Action: 23,100 shrs on 3/22/2007Insider Total Holding: 120,106 shrs -------------------------------------------------------Undervaluation Merits... P/E Ratio = 23.2 (Industry Average 24.5)P/S Ratio = 2.72 (Industry Average 2.82)P/B Ratio = 1.68 (Industry Average 3.43)P/CF Ratio = 13.30 (Industry Average 12.40) Industry: Oil & Gas Pipelines ---------------- Valero LP (NYSE: VLI)

U3O8* (UWE : TSX-V : $4.32), Net Change: 0.29, % Change: 7.20%, Volume: 163,600
Everything was fine until the Prometheus stole the secret of fire and gave it to mankind. U3O8 has started its Phase I diamond
drilling program at the Aricheng Area, located in Permit Area A in Guyana, South America. The program will consist of 16
holes totalling approximately 2,400 metres. The drill program will make use of two drill rigs and test three target areas:
Aricheng North, Aricheng West, and Aricheng South. U3O8 has been exploring in Guyana for uranium since mid 2005, and
currently controls approximately 3.17 million acres (1.33 million hectares) within two reconnaissance permits (A and B) in the
northwest part of Guyana, collectively called the Prometheus Uranium Project. The two permits cover exclusive uranium
exploration rights granted by the Guyana Geological and Mines Commission (GGMC) containing over 20 known uranium
showings within two distinct geological uranium depositional environments.

Minco Silver (MSV : TSX : $3.27), Net Change: 0.17, % Change: 5.48%, Volume: 63,538
Sterling silver chopsticks. Minco Silver reported the assay results of the first 11 holes of the Phase III drilling program on its
Fuwan Silver Project, located in southwest China. The Phase III drilling program consisted of 30 holes, for a total of 7,009
metres, drilled on the western side of the deposit from section 35 from the West to section 12 to the East. The assays results for
the first 11 holes are highlighted by hole FW0025 (329.81 g/t silver over 15.35m), hole FW0040 (581.52 g/t silver over 2.90m),
hole FW0041 (458.12 g/t silver over 12.15m), hole FW0053 (1,223.75 g/t silver over 3.96m), and hole FW0025 (388.64 g/t
silver over 7.54m). The program was designed to increase the drill density to 80x80 metres with numerous assay grades for the
first 11 holes exceed the previous deposit average estimated by P&E Mining Consultants in November of 2005 (revised and
updated in November of 2006). By the way, during dynastic times it was thought that silver chopsticks would turn black if they
came into contact with poisoned food. It is now known that silver has no reaction to arsenic or cyanide, but if rotten eggs, onion,
or garlic are used, the hydrogen sulphide they release might cause these chopsticks to change colour.

Equinox Minerals (EQN : TSX : $2.29), Net Change: 0.12, % Change: 5.53%, Volume: 7,626,086
In Australia, it’s the Olympic Dam. In Montreal, it’s the other way around. With financing complete and construction
underway for Equinox’s Lumwana copper project in Zambia, Equinox has now set its sights on developing the uranium
resource at Lumwana, deciding to proceed with a bankable feasibility study. Uranium-enriched zones on the property, which
have been estimated to contain an inferred resource of 21.4 million pounds of U3O8, would be mined separately from the
copper zones and would not impact the construction of the copper mine, which is on track for commissioning in Q2F08. This
would not be the only mine in the world whereby uranium is mined in conjunction with other base metals. BHP Billiton’s
(BHP) Olympic Dam mine in Australia is said to be the largest uranium deposit and the fourth-largest copper deposit in the
world, with gold and silver also mined there.

Nortel Networks (NT) fell after North America’s biggest phone-gear
maker also said it plans to sell US$1 billion of convertible notes to repay
debt due next year.

Ya figure?

Options on the QQQQ wern't boring the last week.

I guess though.

All depends on how ya trade them.

Play the options on them...

Lots of juice.

Ear on the Street

Addax Petroleum (AXC : TSX : $34.86)
Year-end results in line
RBC Capital Markets maintains "outperform", 12-month target price is $38.00

Birchcliff Energy (BIR : TSX : $3.73)
Q4 in line
GMP Securities maintains "buy", 12-month target price is $6.75

Airboss of America (BOS : TSX : $4.15)
Q4 earnings slightly below estimates
GMP Securities maintains "buy", 12-month target price is $6.90
Raymond James downgrades to "outperform", 6-12 month target price is cut to $5.40

The Brick Group Income Fund (BRK.UN : TSX : $8.80)
Q4 in line overall
BMO Capital Markets maintains "market perform", 12-month target price is raised to $8.50
CIBC World Markets maintains "sector outperform", 12-month target price is $10.00
RBC Capital Markets maintains "sector perform", 12-month target price is $8.50
TD Newcrest maintains "hold", 12-month target price is raised to $8.00

Descartes Systems Group (DSG : TSX : $4.87 | DSGX : NASDAQ : US$4.22)
Upbeat annual user conference
CIBC World Markets maintains "sector outperform", 12-month target price is US$5.50
GMP Securities maintains "buy", 12-month target price is $7.00

Prime Restaurants Royalty (EAT.UN : TSX : $7.70)
Weak Q4
RBC Capital Markets maintains "underperform", 12-month target price is $6.50

Fording Canadian Coal Trust (FDG.UN : TSX : $26.21 | FDG : NYSE : US$22.62)
Anticipate lower distributions to come - but in Q3 , not Q2
Canaccord Adams maintains a "sell", target price is $18.50
CIBC World Markets maintains "sector underperform", 12-month target price is cut to $22.00
TD Newcrest maintains "reduce", 12-month target price is cut to $21.00

CGI Group (GIB.A : TSX : $10.07 | GIB : NYSE : US$8.69)
A closer look at recent takeout multiples
BMO Capital Markets maintains "market perform", 12-month target price is $11.50
TD Newcrest maintains "hold", 12-month target price is raised to $10.00

Grey Wolf Exploration (GWE : TSX : $2.50)
2006 results slightly below expectations
BMO Capital Markets maintains "outperform", 12-month target price is $3.50

HudBay Minerals (HBM : TSX : $20.10)
Robust cash generation results in earlier tax reporting
CIBC World Markets maintains "sector outperform", 12-month target price is cut to $26.00

Husky Energy (HSE : TSX : $77.19)
Valero Lima refinery can be a downstream solution for Sunrise oil sands project
Desjardins Securities maintains "buy", 12-month target price is $85.00

Methanex Corp. (MX : TSX : $26.13 | MEOH : NASDAQ : US$22.55)
Declining methanol contract price
Canaccord Adams maintains "sell", 12-month target price is US$16.00

Novadaq Technologies (NDQ : TSX : $9.00)
Acquires Edwards Lifesciences' TMR business
RBC Capital Markets maintains "outperform", 12-month target price is $15.00

Nexen (NXY : TSX : $69.01 | NYSE : US$59.53)
Several near-term catalysts exist
Desjardins Securities upgrades to "top pick", 12-month target price is raised to $83.00

Paramount Resources (POU : TSX : $18.03)
Analysts adjust model after poor year-end reporting
Canaccord Adams maintains "buy", 12-month target price is cut to $22.00

Power Corp of Canada (POW : TSX : $37.21)
Q4 EPS in line
BMO Capital Markets maintains "outperform", 12-month target price is $41.00

Power Financial Corp. (PWF : TSX : $39.21)
Q4 basically in line
BMO Capital Markets maintains "outperform", 12-month target price is $43.50

Royal LePage Franchise Service (RSF.UN : TSX : $12.49)
Fourth-quarter results marginally below estimates
TD Newcrest maintains a "hold", 12-month target price is $11.50

RSX Energy (RSX : TSX-V : $3.06)
Winter drilling saw success in several areas
Haywood Securities maintains a "sector outperform", target price cut to $4.75

TIO Networks (TNC : TSX-V : $1.14)
Posts solid Q2/F07 results
GMP Securities maintains a "buy", target price is $1.70

Transition Therapeutics Inc (TTH : TSX : $1.60)
Expanding into Alzheimer's disease area with acquisition of NeuroMedix
GMP Securities reiterates "buy", target price is $3.50

Yamana Gold Inc. (YRI : TSX : $16.88 | AUY : NYSE : US$14.60)
Earnings lowered but valuation and growth story remains compelling
Canaccord Adams maintains a "buy", target price is US$19.50
Raymond James downgrades to "outperform", 6-12 month target price cut to US$19.40
RBC Capital Markets maintains a "sector perform", target price is US$16.00

From Saturday morning to Sunday morning we expect : 50+ mm of rain.

Makes for lots of


Kool - Aid

From Friday evening to Saturday evening we expect : 50+ mm of rain.

From Thursday overnight to Friday overnight we expect : 50+ mm of rain.

Little Texas - God Bless Texas

Renegades, Rebels, & Rogues

Ear on the Street

Arctic Glacier Income Fund (AG.UN : TSX : $12.98)
Q4/06 results released
TD Newcrest downgrades to "hold", 12-month target price is $13.50

Alamos Gold Inc. (AGI : TSX : $7.21)
Global resource increases 5.6%
Raymond James rates "outperform", no target price reported

Akita Drilling (AKT.A : TSX : $16.67)
Short term challenges
RBC Capital Markets rates "sector perform", 12-month target price is cut to $19.00

BCE Inc. (BCE : TSX : $30.75)
Long term plans positive
CIBC World Markets rates "sector outperform", 12-month target price is $34.00

Bulldog Resources (BD : TSX : $4.65)
Reserve report should lead sector
RBC Capital Markets rates "outperform", 12-month target price is $6.00

Bird Construction Income Fund (BDT.UN : TSX : $15.75)
Announces new contract
Blackmont Capital rates "buy", 12-month target price is $19.00

Connors Bros. Income Fund (CBF.UN : TSX : $11.72)
Results positive, risk a concern
Blackmont Capital rates "sell", 12-month target price is $9.00

CanWel Building Materials (CWX.UN : TSX : $3.92)
Integrating acquisition of pressure treated business
Canaccord Capital rates "hold", 12-month target price is raised to $4.00

Descartes Systems Group (DSG : TSX : $4.83 | DSGX : NASDAQ : US$4.21)
Strong competitive position
TD Newcrest maintains "buy", 12-month target price is US$5.50

Emergis (EME : TSX : $5.76)
Federal budget boost
CIBC World Markets rates "sector perform", 12-month target price is $6.25

ExAlta Energy (EXA : TSX : $1.59)
Released Q4/06 results
Raymond James rates "strong buy", 12-month target price is $4.00

Forzani Group (FGL : TSX : $19.00)
Results expected later this week
Raymond James maintains "outperform", 12-month target price is $21.00

CGI Group (GIB.A : TSX : $10.14 | GIB : NYSE : US$8.78)
ACS takeout bid
RBC Capital Markets rates "outperform", no target price reported

Grey Wolf Exploration (GWE : TSX : $2.50)
Solid growth expected in 2007
GMP Securities reiterates "buy", target price cut to $3.00

Heroux-Devtek Inc. (HRX : TSX : $8.85)
Take-out speculation swirling again
Raymond James downgrades to "market perform", 6-12 month target price is $10.00

Iamgold Corp. (IMG : TSX : $8.83 | IAG : NYSE : US$7.58)
Negative impact from Cambior acquisition now confirmed
CIBC World Markets rates a "sector underperform", target price cut to US$8.00

IPSCO Inc. (IPS : TSX : $123.01 | NYSE : US$106.17)
Increased scrap costs
CIBC World Markets maintains a "sector outperform", target price cut to US$116.00

Quebecor World (IQW : TSX : $14.94 | NYSE : US$12.94)
Disappointing Q4 results
CIBC World Markets maintains a "sector perform", target price raised to US$15.00
Desjardins Securities maintains "sell", 12-month target price is US$11.00
RBC Capital Markets maintains "underperform", 12-month target price is US$13.00

Menu Foods Income Fund (MEW.UN : TSX : $3.55)
Massive recall initiated
CIBC World Markets downgrades to "sector underperform", target price cut to $3.50

Methanex Corp. (MX : TSX : $26.24 | MEOH : NASDAQ : US$22.73)
40% decline in European methanol prices
RBC Capital Markets maintains a "underperform", target price cut to US$19.00

New Gold (NGD : TSX : $9.17)
Additional resource doesn't materially affect valuation
Raymond James reiterates a "market perform", 6-12 month target price is $10.00

Northern Property REIT (NPR.UN : TSX : $25.60)
Q4 DIPU slightly lower than expected
Canaccord Adams upgrades to "buy", target price raised to $29.00
CIBC World Markets maintains "sector perform", 12-month target price is raised to $26.70
RBC Capital Markets reiterates "sector perform", target price is $28.00

North West Company Fund (NWF.UN : TSX : $16.21)
Posts in line fourth-quarter results
CIBC World Markets maintains a "sector outperform", target price is $18.00
RBC Capital Markets reiterates "outperform", target price is $18.50

Petrolifera Petroleum (PDP : TSX : $16.67)
Q4 in line
GMP Securities maintains "buy", 12-month target price is $25.00

Parkland Income Fund (PKI.UN : TSX : $34.73)
Plenty of growth initiatives underway
CIBC World Markets maintains "sector perform", 12-month target price is cut to $35.00

UTS Energy (UTS : TSX : $3.90)
Several positive development
Raymond James maintains "outperform", 6-12 month target price is $5.50

Westshore Terminals Inc. Fund (WTE.UN : TSX : $11.36)
Q1 cash distribution less than expected
Desjardins Securities maintains "hold", 12-month target price is cut to $9.25
TD Newcrest maintains "hold", 12-month target price is $10.50

Oh No,,,,, Not me.

ROTFLMAO!!!!!!!!!!!!!

You need a job on construction.

And these...

Just think about these for a while...

LOL.

That is what trading fulltime does to you.

Have a beer and relax.

Too many 'shrooms?

To excited?

We're loaded for bear now.

06 09 10 19 20 28 41
02 05 23 24 31 36 42
05 07 18 28 40 44 47

05 08 19 21 22 30 43
06 14 21 24 33 40 42
02 04 15 16 30 35 44

27 39 64 94

Well someone must have done a rain dance here.

First day of spring

Undervalued Stock #2 ========== ---------- Warnaco Group, Inc. (Nasdaq: WRNC) ---------- Insider Name: Charles R. PerrinInsider Position: DirectorInsider Action: 25,000 shrs on 2/26/2007Insider Total Holding: 49,327 shrs -------------------------------------------------------Undervaluation Merits... P/E Ratio = 17.6 (Industry Average 22.2)P/S Ratio = 0.70 (Industry Average 2.21)P/B Ratio = 1.83 (Industry Average 6.29)P/CF Ratio = 10.4 (Industry Averge 18.6) Industry: Textile - Apparel Clothing ---------- Warnaco Group, Inc. (Nasdaq: WRNC)

Undervalued Stock #1 ========== -------- Goodyear Tire & Rubber Co. (NYSE: GT) -------- Insider 1 Name: Pierre E. CohadeInsider 1 Position: President, Asia-PacificInsider 1 Action: 5,000 shrs on 3/14/2007Insider 1 Total Holding: 41,544 shrs Insider 2 Name: Eduardo A. FortunatoInsider 2 Position: President, Latin AmericaInsider 2 Action: 3,315 shrs on 3/15/2007Insider 2 Total Holding: 4,815 shrs -------------------------------------------------------Undervaluation Merits... P/S Ratio = 0.25 (Industry Average 0.85)P/CF Ratio = 14.91 (Industry Average 15.52) Industry: Tires -------- Goodyear Tire & Rubber Co. (NYSE: GT)

Grenville Gold Commences 3D Modelling of Silveria Project in San Mateo District, Peru
Grenville Gold Corporation (TSX-V: GVG OTC-BB: GVLGF) is pleased to report it has received a progress report from its Peru team regarding the Silveria Project. The Silveria Project includes four past-producing mines. The Pacococha Mine, The Millotingo Mine, The Germania Mine and the Silveria Mine. Grenville is currently compiling production records from Pacococha and Millotingo in addition to work completed assessing information on the Pacococha Mine.

At present, Grenville has finished the first phase of mapping the Pacococha Mine's historic workings. A digitization project based on 108 hard copy level plans complete with assay results for the past-producing Pacacocha Mine is the first step towards a working 3D model of the entire claim area. The hard copies of various schematics, sampling programs, mining records containing information on portals, adits, drifts, tunnels and stopes previously mined or mapped for mining and other related information were acquired by Grenville's Peruvian team in January, 2007 soon after the acquisition of the project. As a general operating proceedure, the Grenville team will continue to collect and assort similar information from it's three other past-producing mines in the area as well as the records from the Rosa Maria Copper Mine located within the Espanola Project located in the Province of Canete.

The information contained in the historic plans is invaluable to the production of a three dimensional model of the Silveria project have been digitized complete with assay results. Based on this information, Grenville will make decisions on contracting services for an underground channel sampling program, drilling program, scoping study and an assessment of the tailings contained on or near the project.

Additional updates will be reported as they become available.

About Grenville Gold Corporation

Grenville Gold www.grenvillegold.com is a junior resource company in seeking prospective properties in Peru and Ecuador. The company has three subsidiaries: Inversiones Mineras Alexander S.A.C. in Peru, Minera MineGreville S.A. in Ecuador and Parkman Diamond Corp. in Ontario, Canada. Grenville Gold plans to leverage the experience of its Board and Management in exploration and mining to develop its growth strategy in North and South America. For further information contact 604-669-8842 ext. 103.

On behalf of the Board of Directors,

"A. Paul Gill"
President & CEO
(604)-669-8842 pgill@grenvillegold.com

Ear on the Street

AutoCanada Income Fund (ACQ.UN : TSX : $10.25)
Q4 preview
Raymond James maintains "strong buy", 6-12 month target price is $12.00

Altius Minerals Corp (ALS : TSX : $11.84)
Q3 meets expectations
Haywood Securities maintains "sector outperform", 12-month target price is $15.00

Addax Petroleum (AXC : TSX : $34.47)
To report Q4 today
Scotia Capital Markets maintains "sector outperform", 12-month target price is $42.50

Anderson Energy (AXL : TSX : $4.19)
Q4 better than expected
BMO Capital Markets maintains "market perform", 12-month target price is $4.50
RBC Capital Markets maintains "sector perform", 12-month target price is $5.00

Black Diamond Income Fund (BDI.UN : TSX : $8.80)
Awarded a significant contract from Canadian Natural Resources
Raymond James upgrades to "strong buy", 6-12 month target price is raised to $11.00

BFI Canada Income Fund (BFC.UN : TSX : $26.06)
$81 million equity financing
RBC Capital Markets maintains "sector perform", 12-month target price is cut to $26.00

Bank of Nova Scotia (BNS : TSX : $53.87)
Closer to purchase a Chinese bank
Blackmont Capital maintains "buy", 12-month target price is $61.00

Connors Bros. Income Fund (CBF.UN : TSX : $11.68)
Q4 reported yesterday
Blackmont Capital maintains "sell", 12-month target price is $9.00

Cameco Corp. (CCO : TSX : $45.10)
Updates on Cigar Lake
BMO Capital Markets maintains "underperform", 12-month target price is $40.00
CIBC World Markets maintains "sector outperform", 12-month target price is $51.00
RBC Capital Markets maintains "top pick", 12-month target price is $60.00
TD Newcrest maintains "hold", 12-month target price is $50.00

Coeur D'alene Mines (CDM : TSX : $4.65 | CDE : NYSE : US$4.00)
Negative U.S. court ruling
RBC Capital Markets maintains "sector perform", 12-month target price is $5.50

Canadian National Railway (CNR : TSX : $51.92)
New Street coverage
CIBC World Markets initiates coverage with a "sector outperform", 12-month target price is $64.00

Cardiome Pharma (COM : TSX : $12.09 | CRME : NASDAQ : US$10.37)
Potential news flow drivers late in 2007
Canaccord Adams maintains "buy", 12-month target price is $21.40

Canadian Pacific Railway (CP : TSX : $64.08)
New Street coverage
CIBC World Markets initiates coverage with a "sector perform", 12-month target price is $70.00

Creststreet Power & Income (CRS.UN : TSX : $5.10)
Slightly higher amortization expense in 2006
BMO Capital Markets maintains "underperform", 12-month target price is $4.25

Churchill Corporation (CUQ : TSX : $6.00)
Better than expected results
Blackmont Capital rates "buy", 12-month target price is $8.75

Canadian Royalties Inc (CZZ : TSX : $3.04)
Planned expansion of the Raglan plant
Blackmont Capital maintains "buy", 12-month target price is raised to $3.95

Deepwell Energy Service Trust (DWL.UN : TSX : $5.50)
Distribution cut
Raymond James maintains "outperform", 6-12 month target price is $10.00

Dynatec Corp. (DY : TSX : $3.02)
Share price surge appears to be driven by the rise in FNX's stock price
CIBC World Markets maintains "sector outperform", 12-month target price is raised to $3.50

Ensign Energy Services (ESI : TSX : $19.00)
No surprise in Q4
BMO Capital Markets upgrades to "outperform", 12-month target price is raised to $23.00
Canaccord Capital rates "buy", 12-month target price is $24.00
CIBC World Markets maintains "sector perform", 12-month target price is $22.00
Raymond James maintains "market perform", 12-month target price is $21.00
RBC Capital Markets rates "sector perform", 12-month target price is $22.00
Scotia Capital Markets maintains "sector perform", 12-month target price is $20.75
TD Newcrest maintains "hold", 12-month target price is $23.00

Essential Energy Services (ESN.UN : TSX : $5.61)
4Q results released
Raymond James maintains "outperform", 12-month target price is $7.00

FirstService Corp. (FSV : TSX : $29.36)
To acquire ServiceMaster
Raymond James maintains "strong buy", 12-month target price is $32.50

Great Canadian Gaming (GCD : TSX : $11.79)
Bad weather affected visitations
BMO Capital Markets maintains "market perform", 12-month target price is $13.00
GMP Securities maintains "hold", 12-month target price is cut to $11.80
Raymond James maintains "market perform", 12-month target price is $14.00
RBC Capital Markets rates "sector perform", 12-month target price is $12.50
TD Newcrest maintains "hold", 12-month target price is raised to $12.00

Gateway Casinos Income Fund (GCI.UN : TSX : $19.35)
To issue 0.55 million units to Cascades Casino
Scotia Capital Markets maintains "sector perform", 12-month target price is $20.50

MEGA Brands (MB : TSX : $26.25)
Increases in U.K market share
CIBC World Markets maintains "sector outperform", 12-month target price is $32.00

Marsulex Inc. (MLX : TSX : $11.75)
Growth stock with a dividend
Blackmont Capital rates "buy", 12-month target price is $12.00

Nova Chemicals Corp (NCX : TSX : $38.32 | NYSE : US$32.96)
Reliance takeover rumour likely incorrect
Canaccord Adams maintains a "buy", target price is US$40.00
Scotia Capital Markets maintains "sector underperform", 12-month target price is $41.00

Novadaq Technologies (NDQ : TSX : $9.15)
Fourth-quarter results meet expectations
RBC Capital Markets maintains a "outperform", target price is $14.00

Northern Property REIT (NPR.UN : TSX : $25.84)
Solid Q4 in line
Blackmont Capital maintains "buy", 12-month target price is $26.50

Nortel Networks Corp. (NT : TSX : $30.28 | NYSE : US$26.03)
A turnaround could be a bumpy ride
BMO Capital Markets maintains "market perform", 12-month target price is US$30.00
Scotia Capital Markets maintains "sector outperform", 12-month target price is $40.00
TD Newcrest maintains a "buy", 12-month target price is US$35.00

Pembina Pipeline Income Fund (PIF.UN : TSX : $16.11)
Posts in line 2006 results
CIBC World Markets maintains a "sector perform", target price raised to $15.50

Paramount Resources (POU : TSX : $16.61)
Fourth-quarter results slightly lower than expected
BMO Capital Markets maintains "market perform", 12-month target price is cut to $22.00
GMP Securities downgrades to "buy", target price cut to $27.00
RBC Capital Markets maintains a "sector perform", target price cut to $21.00
Scotia Capital Markets maintains "sector underperform", 12-month target price is $19.75
TD Newcrest maintains a "buy", 12-month target price is cut to $30.00

Peerless Energy (PRY.A : TSX : $2.95)
Announces success along the Peace River Arch
GMP Securities reiterates "buy", target price is $5.25

ProspEx Resources (PSX : TSX : $3.90)
Q4 and year-end results more or less in line
Raymond James maintains a "outperform", 6-12 month target price is $5.25
TD Newcrest maintains a "buy", 12-month target price is $6.00

Royal Bank of Canada (RY : TSX : $57.42 | NYSE : US$49.34)
Enron lawsuit was a non-issue
BMO Capital Markets maintains "outperform", 12-month target price is $60.00
TD Newcrest maintains a "action list buy", 12-month target price is raised to $67.00

Stratos Global (SGB : TSX : $6.54)
Inmarsat indirectly bids for Stratos - The ball is in Apax's court
BMO Capital Markets maintains "market perform", 12-month target price is raised to $6.40
Canaccord Adams maintains a "buy", target price is $6.55
GMP Securities recommends "tender", target price raised to $6.40
Scotia Capital Markets maintains "tender", 12-month target price is $6.40

TD Bank (TD : TSX : $69.47 | NYSE : US$59.72)
Enron lawsuit was a non-issue
BMO Capital Markets maintains "outperform", 12-month target price is $75.00

Sino-Forest Corp. (TRE : TSX : $10.85)
Execution now the focus
Haywood Securities maintains a "sector outperform", target price is $13.00

Domtar Canada Paper (UFX : TSX : $11.60 | UFS : NYSE : US$9.81)
Incorporating in the U.S.
BMO Capital Markets maintains "outperform", 12-month target price is raised to US$12.50

Vero Energy (VRO : TSX : $5.67)
$19.2 million bought deal financing
BMO Capital Markets maintains "outperform", 12-month target price is $8.00

XS Cargo Income Fund (XSC.UN : TSX : $7.22)
Disappointing Q4 numbers
CIBC World Markets maintains a "sector perform", target price cut to $8.00

Yamana Gold Inc. (YRI : TSX : $16.66)
Ahead of plan at Chapada
Blackmont Capital maintains a "buy", 12-month target price is $20.00

Ear on the Street

ACE Aviation Holdings (ACE.B : TSX : $30.66)
Analyst changes valuation based on Air Canada & Jazz
Scotia Capital Markets maintains "sector perform", 12-month target price is raised to $37.25

Addenda Capital (ADV : TSX : $23.18)
New Street coverage
TD Newcrest initiates coverage with a "buy", 12-month target price is $27.00

Ag Growth Income Fund (AFN.UN : TSX : $20.65)
Q4 in line
Canaccord Adams maintains "hold", 12-month target price is raised to $20.70
TD Newcrest maintains "buy", 12-month target price is raised to $22.00

Agrium (AGU : TSX : $44.00 | NYSE : US$37.43)
Higher forecast for nitrogen fertilizer prices
RBC Capital Markets maintains "sector perform", 12-month target price is raised to $42.00

Alcan Inc. (AL : TSX : $61.15 | NYSE : US$52.00)
Chinese statistics indicate better-than-expected aluminium market
Desjardins Securities maintains "top pick", 12-month target price is US$75.00

Amtelecom Income Fund (AMT.UN : TSX : $13.45)
Rejects Bell Aliant offer
Canaccord Adams maintains "buy", 12-month target price is $14.00

Artis REIT (AX.UN : TSX : $16.18)
New Street coverage
CIBC World Markets initiates coverage with a "sector outperform", 12-month target price is $19.00

Bear Ridge Resources (BER : TSX : $1.54)
Q4 production and net debt in line
GMP Securities maintains "buy", 12-month target price is $2.00

BFI Canada Income Fund (BFC.UN : TSX : $26.65)
Plans for a new landfill in the Calgary area
RBC Capital Markets upgrades to "sector perform", 12-month target price is raised to $27.00

Biovail (BVF : TSX : $24.53 | NYSE : US$20.92)
Strong Q4
BMO Capital Markets maintains "outperform", 12-month target price is raised to US$26.00
CIBC World Markets maintains "sector perform", 12-month target price is US$22.00
RBC Capital Markets maintains "outperform", 12-month target price is US$24.00
Scotia Capital Markets maintains "sector perform", 12-month target price is $22.00

COM DEV International (CDV : TSX : $5.85)
Q1 beats expectations
BMO Capital Markets maintains "outperform", 12-month target price is cut to $7.50
CIBC World Markets maintains "sector outperform", 12-month target price is $8.00
GMP Securities maintains "buy", 12-month target price is $7.60
Haywood Securities maintains "sector outperform", 12-month target price is $8.00

Cangene Corp. (CNJ : TSX : $8.01)
Lower Q2 revenues
RBC Capital Markets maintains "sector perform", 12-month target price is $10.00

Coastal Contacts Inc. (COA : TSX : $0.99)
Mixed Q1
Canaccord Adams maintains "buy", 12-month target price is cut to $1.35

Labopharm Inc. (DDS : TSX : $6.90)
Releases financial results
Blackmont Capital maintains a "buy", 12-month target price is $10.00

Digital Dispatch Systems Inc. (DD : TSX : $3.09)
Fourth-quarter a mixed bag; outlook disappointing
GMP Securities maintains a "hold", target price cut to $3.00

Ember Resources (EBR : TSX : $2.80)
2006 results meet estimates
BMO Nesbitt Burns maintains a "market perform", target price is $3.25
Raymond James maintains "market perform", 6-12 month target price is $2.50

Empire Company (EMP.A : TSX : $41.00)
Weak Q3
Scotia Capital Markets maintains "sector perform", 12-month target price is $44.50

EPCOR Power L.P. (EP.UN : TSX : $26.40)
Good Q4 results
BMO Nesbitt Burns maintains a "market perform", target price cut to $26.50
Canaccord Adams maintains a "buy", target price is $28.00
CIBC World Markets maintains "sector perform", 12-month target price is $27.00
Desjardins Securities reiterates "hold", target price is $27.00
RBC Capital Markets maintains a "underperform", target price cut to $25.50
Scotia Capital Markets maintains "sector perform", 12-month target price is $26.00
TD Newcrest maintains a "hold", 12-month target price is $27.25

Flint Energy Services Ltd. (FES : TSX : $25.98)
Future looking bright
Blackmont Capital maintains a "buy", 12-month target price is $38.50
TD Newcrest maintains a "buy", 12-month target price is $36.00

First Uranium (FIU : TSX : $9.97)
Updating valuation
RBC Capital Markets maintains a "outperform", target price cut to $12.00

CHC Helicopter (FLY.A : TSX : $22.89 | FLI : NYSE : US$19.50)
Lower Q3 results
RBC Capital Markets maintains "underperform", 12-month target price is $24.00

First Quantum Minerals (FM : TSX : $64.09)
Weaker than expected fourth quarter; outlook remains strong
CIBC World Markets maintains a "sector perform", target price is $70.00
RBC Capital Markets rates a "outperform", target price cut to $80.00

Gateway Casinos Income Fund (GCI.UN : TSX : $19.50)
Weaker than expected fourth-quarter results
Blackmont Capital maintains a "hold", 12-month target price is $19.00
RBC Capital Markets maintains a "outperform", target price not provided
Scotia Capital Markets maintains "sector outperform", 12-month target price is $20.50

CGI Group (GIB.A : TSX : $9.82)
Takeover speculation
CIBC World Markets maintains "sector perform", 12-month target price is $9.50

Golden Star Resources (GSC : TSX : $4.59 | GSS : AMEX : US$3.89)
Time for management to deliver
CIBC World Markets maintains a "sector perform", target price raised to US$4.50

Iamgold Corp. (IMG : TSX : $8.81 | IAG : NYSE : US$7.50)
Earnings reduced on higher depreciation, but shares remain very cheap
Blackmont Capital maintains a "buy", 12-month target price is cut to $12.50
Canaccord Adams maintains a "buy", target price is US$12.00

Morneau Sobeco Income Fund (MSI.UN : TSX : $12.02)
Fourth-quarter in line; increases distribution
BMO Nesbitt Burns maintains a "outperform", target price raised to $12.50

180 Connect Inc. (NCT.U : TSX : $2.30)
Further signs of improvement
BMO Nesbitt Burns maintains a "market perform", target price raised to $3.00
GMP Securities maintains a "buy", target price is $3.00

Nortel Networks Corp. (NT : TSX : $31.95 | NYSE : US$27.13)
Little surprises expected from results
RBC Capital Markets maintains a "sector perform", target price is US$32.00

Open Range Energy (ONR : TSX : $2.65)
Q4 came in as expected
Canaccord Adams maintains "buy", 12-month target price is $4.00
GMP Securities maintains "buy", 12-month target price is $4.75
RBC Capital Markets maintains "outperform", 12-month target price is $4.00

Pembina Pipeline Income Fund (PIF.UN : TSX : $16.29)
2006 EPU lower than expected
BMO Capital Markets maintains "market perform", 12-month target price is $15.00
TD Newcrest maintains "hold", 12-month target price is raised to $14.50

Potash Corp. of Saskatchewan (POT : TSX : $180.32 | NYSE : US$153.50)
Price increases gaining momentum
RBC Capital Markets rates "outperform", 12-month target price is raised to US$180.00

Radiant Communications (RCN : TSX-V : $1.05)
Attractive takeover candidate
Haywood Securities rates "sector outperform", 12-month target price is $1.70

Real Resources (RER : TSX : $8.84)
Reserve revisions
Raymond James maintains "strong buy", 6-12 month target price is cut to $19.50
RBC Capital Markets rates "sector perform", 12-month target price is $12.00
Scotia Capital Markets maintains "sector perform", 12-month target price is $12.00

Rogers Sugar Income Fund (RSI.UN : TSX : $4.00)
Declining gas price is postivie for Rogers
Scotia Capital Markets maintains "sector perform", 12-month target price is $4.15

SemBioSys Genetics (SBS : TSX : $3.02)
Well financed with plenty of news flow
Canaccord Capital maintains "buy", 12-month target price is $7.70
Raymond James maintains "strong buy", 6-12 month target price is cut to $9.50

SFK Pulp Fund (SFK.UN : TSX : $4.93)
Results below expectation
RBC Capital Markets rate "underperform", no target price reported

Energy Savings Income Fund (SIF.UN : TSX : $13.04)
Ontario electricity target margins increased
Haywood Securities maintains a "sector outperform", target price is $15.00
TD Newcrest maintains a "hold", 12-month target price is $14.00

SNC-Lavalin Group (SNC : TSX : $34.85)
Acquiring Spain company
Scotia Capital Markets maintains "sector outperform", 12-month target price is $39.00

Sound Energy Trust (SND.UN : TSX : $3.99)
Challenges continue
TD Newcrest maintains "hold", 12-month target price is cut to $4.50

Strongco Income Fund (SQP.UN : TSX : $8.99)
Distribution cut announced
BMO Nesbitt Burns maintains "market perform", 12-month target price is cut to $10.00
Desjardins Securities rates "hold", 12-month target price is cut to $11.00

Sherritt International (S : TSX : $15.57)
Record highs in Nickel
Desjardins Securities rates "buy", 12-month target price is $19.15

Stylus Energy (STY : TSX : $2.00)
Results below expectation
BMO Nesbitt Burns maintains "market perform", 12-month target price is $3.00

Savanna Energy Services (SVY : TSX : $18.65)
Q4/06 results released
RBC Capital Markets rates "top pick", no target price reported

Transcontinental Inc. (TCL.A : TSX : $20.99)
Q1/07 results
BMO Nesbitt Burns rates "market perform", 12-month target price is $23.00
CIBC World Markets maintains "sector perform", 12-month target price is $24.00
Desjardins Securities rates "hold", 12-month target price is $22.00
RBC Capital Markets rates "outperform", 12-month target price is $25.00
Scotia Capital Markets maintains "sector outperform", 12-month target price is $24.75
TD Newcrest maintains "hold", 12-month target price is $23.00

TLC Vision Corporation (TLC : TSX : $6.23 | TLCV : NASDAQ : US$5.31)
Weak Q4
Scotia Capital Markets maintains "sector underperform", 12-month target price is $5.00

Talisman Energy (TLM : TSX : $18.84 | NYSE : US$16.05)
Southeast Asian portfolio tended to be overlooked
Scotia Capital Markets maintains "sector outperform", 12-month target price is $24.75

20-20 Technologies (TWT : TSX : $7.01)
Margins slightly weaker than expected
BMO Nesbitt Burns rates "market perform", 12-month target price is $ 7.50
TD Newcrest rates "buy", 12-month target price is $8.50

Vault Energy Trust (VNG.UN : TSX : $4.24)
Q4 cash flow down 63% from last year
Canaccord Capital maintains "buy", 12-month target price is $6.00
Scotia Capital Markets upgrades to "sector perform", 12-month target price is $4.50

West Energy Ltd. (WTL : TSX : $3.59)
Solid year end reserve growth
GMP Securities maintains "buy", 12-month target price is $8.00

Ear on the Street

ATS Automation Tooling Systems (ATA : TSX : $9.05)
Photowatt IPO delayed
CIBC World Markets maintains "sector outperform", 12-month target price is cut to $12.50

Bombardier Inc. (BBD.B : TSX : $4.58)
Q4 preview
BMO Capital Markets maintains "underperform", 12-month target price is $3.20
Scotia Capital Markets maintains "sector underperform", 12-month target price is $3.50

Bear Ridge Resources (BER : TSX : $1.42)
Q4 in line
BMO Capital Markets maintains "outperform", 12-month target price is $2.25

Cascades Inc. (CAS : TSX : $12.01)
Q4 shortfall
BMO Capital Markets maintains "outperform", 12-month target price is $15.50

Coalcorp Mining (CCJ : TSX : $0.58)
Closes equity financing
GMP Securities maintains "buy", 12-month target price is $0.95

Canadian Helicopters (CHL.UN : TSX : $10.01)
Q4 cash flow better than expected
CIBC World Markets maintains "sector outperform", 12-month target price is raised to $10.50

Cangene Corp. (CNJ : TSX : $8.15)
WinRho sale is expected to pick up in fiscal Q3
RBC Capital Markets maintains "sector perform", 12-month target price is $10.00
Scotia Capital Markets maintains "sector perform", 12-month target price is $11.00

Dynatec Corp. (DY : TSX : $3.01)
Higher Nickel price forecast
GMP Securities maintains "buy", 12-month target price is $4.10

Equinox Minerals Limited (EQN : TSX : $2.12)
The closing of $211 million financing
RBC Capital Markets maintains "underperform", 12-month target price is $2.40

Equitable Group Inc. (ETC : TSX : $32.99)
Equitable Trust issued $12.5 million debt
Blackmont Capital maintains "buy", 12-month target price is $40.00

Flint Energy Services Ltd. (FES : TSX : $25.39)
Q4 EPS above estimates
RBC Capital Markets maintains "outperform", 12-month target price is cut to $35.00

Forzani Group (FGL : TSX : $19.24)
Q4 preview
Scotia Capital Markets maintains "sector outperform", 12-month target price is $22.50

Fortis Inc. (FTS : TSX : $27.20)
Terasen acquisition looks attractive
RBC Capital Markets maintains "outperform", 12-month target price is $33.00

Gateway Casinos Income Fund (GCI.UN : TSX : $19.23)
Q4 impacted by strike and bad weather
BMO Capital Markets upgrades to "outperform", 12-month target price is raised to $21.50
Raymond James maintains "strong buy", 6-12 month target price is $24.00
RBC Capital Markets maintains "outperform", 12-month target price is $20.00
Scotia Capital Markets downgrades to "sector perform", 12-month target price is $20.50
TD Newcrest maintains "hold", 12-month target price is raised to $18.00

High River Gold Mines (HRG : TSX : $2.08)
Q4 preview
RBC Capital Markets maintains "sector perform", 12-month target price is $2.75

Versacold Income Fund (ICE.UN : TSX : $9.83)
Q4 in line
Scotia Capital Markets downgrades to "sector underperform", 12-month target price is $9.00

Iamgold Corp. (IMG : TSX : $8.77 | IAG : NYSE : US$7.43)
Attractive valuation; costs to be challenge in 2007
BMO Nesbitt Burns maintains a "outperform", target price cut to $12.75
RBC Capital Markets maintains a "outperform", target price cut to US$12.00

Quebecor World (IQW : TSX : $14.60 | NYSE : US$12.41)
Worst is behind the company?
RBC Capital Markets maintains a "underperform", target price is US$12.50

Isotechnika Inc (ISA : TSX : $1.35)
Releases 2006 results; outlook remains bullish
RBC Capital Markets maintains a "outperform", target price cut to $4.00

Labrador Iron Ore Royalty (LIF.UN : TSX : $26.67)
Challenges to persist
RBC Capital Markets maintains a "underperform", 12-month target price is $23.50

MGM Energy (MGX : TSX : $5.19)
Northern exposure
TD Newcrest initiates coverage with a "buy", 12-month target price is $9.00

Methanex Corp. (MX : TSX : $27.45 | MEOH : NASDAQ : US$23.33)
Methanol spot price plunges 20%
Canaccord Adams maintains a "sell", target price is US$16.00

Nortel Networks Corp. (NT : TSX : $31.09 | NYSE : US$26.40)
Releases 2006 year-end results
RBC Capital Markets maintains a "sector perform", target price is US$32.00
Scotia Capital Markets maintains "sector outperform", 12-month target price is $40.00
TD Newcrest maintains a "buy", 12-month target price is US$35.00

Onex Corporation (OCX : TSX : $30.51)
Upside from growth of third party management business
GMP Securities upgrades to "buy", target price raised to $38.70

Petro-Canada (PCA : TSX : $41.77 | PCZ : NYSE : US$35.44)
Shares oversold?
Scotia Capital Markets maintains "sector perform", 12-month target price is $61.50

Quest Capital Corp. (QC : TSX : $3.22 | QCC : AMEX : US$2.76)
Q4 results; Strong growth in loan portfolio
Canaccord Adams maintains a "hold", target price raised to $3.40
GMP Securities maintains a "buy", target price cut to $4.20
TD Newcrest maintains a "hold", 12-month target price is $3.25

Royal Host REIT (RYL.UN : TSX : $7.09)
Q4 shows improvement
CIBC World Markets maintains "sector underperform", 12-month target price is raised to $7.35

SFK Pulp Fund (SFK.UN : TSX : $4.95)
Reported Q4 DCFPU
CIBC World Markets rates "sector perform", 12-month target price is cut to $4.50
RBC Capital Markets rate "sector perform", 12-month target price is $4.75
Scotia Capital Markets maintains "sector perform", 12-month target price is $4.50
TD Newcrest maintains "buy", 12-month target price is cut to $5.25

Sherritt International (S : TSX : $15.88)
Higher nickel prices
GMP Securities maintains "buy", 12-month target price is $18.00

Savanna Energy Services (SVY : TSX : $18.80)
International expansion opportunities
BMO Nesbitt Burns maintains "market perform", 12-month target price is $21.00
Canaccord Capital rates "buy", 12-month target price is $26.00
RBC Capital Markets rate "top pick", 12-month target price is $27.00
TD Newcrest maintains "hold", 12-month target price is raised to $23.00

TerraVest Income Fund (TI.UN : TSX : $6.50)
Energy related business remains uncertain
Raymond James rate "market perform", 12-month target price is $6.50
RBC Capital Markets rates "underperform", 12-month target price is $6.00
Scotia Capital Markets maintains "sector underperform", 12-month target price is $5.00
TD Newcrest maintains "hold", 12-month target price is $6.00

Uni-Select Inc. (UNS : TSX : $31.23)
Acquisitions could add to EPS
Desjardins Securities maintains "buy", 12-month target price is $31.00
RBC Capital Markets rate "outperform", 12-month target price is $38.00
Scotia Capital Markets maintains "sector outperform", 12-month target price is $35.00

Warnex Inc (WNX : TSX : $0.31)
Discontinuation of diagnostics division
GMP Securities maintains "buy", 12-month target price is cut to $0.50

West Energy Ltd. (WTL : TSX : $3.60)
Upward revision in oil reserves
RBC Capital Markets rate "outperform", 12-month target price is $6.25