CHRIS CONWAY Australian Stock Report
BUY NORTHERN STAR (NST) Recent drilling results have led the company to estimate a significantly longer mine life, along with zero debt and one of the lowest cost profiles in the industry. 
$5.48 SANTOS (STO) This is a macro play. We're bullish on oil and Santos is best placed to make the most of rising prices as the supply-demand imbalance in the oil market shift back towards equilibrium.
$4.77
HOLD APN OUTDOOR (APO) The company will acquire billboard operators Metrospace an iOM. Both will be funded by debt and are expected to be earnings accretive. Fairly priced at its present level.
$7.54 INCITEC PIVOT (IPL) Ammonia and phosphate growth will outstrip demand to 2018, with the earnings outlook falling. Growing cash flow will lead to de-gearing and capital management openings.
$2.90
SELL FORTESCUE (FMG) The company shipped 169.4mt in FY16, ahead of guidance for 165mt but in line with most estimates. This was likely due to unseasonal mild weather. Stock looks overvalued.
$4.23
AUSTRALIAN STOCK EXCHANGE (ASX)   June activity signals SFE trading in double digit growth, while listing and capital raisings are lower compared with an active corresponding period.$48.83