Issue link: http://resourceworld.uberflip.com/i/318453
j u n e / j u l y 2 0 1 4 www.resourceworld.com 25 Sisson has excellent potential to be a near-term metal producer, with the capability to meet increasing tungsten demand from North American, European and Japanese markets. Northcliff Resources Ltd. (TSX: NCF) holds a controlling interest in and is the operator of the advanced- stage Sisson Tungsten-Molybdenum Project, located in New Brunswick on Canada's east coast. northcliffresources.com ́ Interim financing secured ́ Feasibility completed ́ Long life operation (27 years) ́ Low cost, open pit mining ́ Conventional processing ́ EIA submitted NORTHCLIFF RESOURCES LTD. 15th Floor, 1040 W. Georgia St., Vancouver, BC V6E 4H1 Canada Tel: +1.604.684.6365 Toll Free: 1.800.667.2114 Email: info@hdimining.com TSX: NCF liquefaction train that provides 0.67 bcf/d. That is but a fraction of the gas that will be exported by one of the major terminals. The greatest overall effect would, there- fore, be on the pressure pumpers and the service providers where substantial torque is provided by a small increase in drilling activity. The effects of LNG export would be completely transformational to the oil- field services sector. Long-term tailwinds are only supported by the opportunities and momentum that are already driving growth in the energy sector. Our Portfolio Strategist Martin Roberge is overweight on the sector now as rig counts have just turned positive year-over- year in North America. Companies are taking advantage of the high, stable energy prices that are driving drilling activity and capex; they've also managed labour cost inflation effectively as the greater economy continues to stabilize. We think there is still an opportunity now, despite the strong rally so far this year. In relative terms, the industry price-to-book ratio still has more room to expand. To top it all off, the storage levels in the US are lower for this time of year than they've been in over a decade at 981 bcf. For a more spe- cific view of the companies that we have a strong relationship with please contact our office. n Eric Hoesgen and Dennis Hoesgen can be reached at 604-643-7705 or HIP@Canaccord. com. Dennis Hoesgen and Eric Hoesgen are Senior Investment Advisors with Hoesgen Investment Partners (HIP) at Canaccord Genuity wealth management, a division of Canaccord Genuity Corp, Member-Canadian Investor Protection Fund. The information contained in this article is drawn from sources believed to be reliable, but the accuracy and completeness of the information is not guaran- teed, nor in providing it does HIP, Canaccord Genuity Corp, or its subsidiaries, or affiliated companies, assume any liability. This infor- mation is current as of the date appearing in this article, we do not assume any obligation to update the information or advise on fur- ther developments relating to these securities. This report should not be considered personal investment advice or a solicitation to buy or sell securities. Canaccord Genuity and hold- ings of its respective directors, officers and employees and their associations, from time to time may buy or sell any securities men- tioned herein. The views expressed are those of the authors and not necessarily those of Canaccord.