Each year, Steven Halpern, editor of TheStockAdvisors.com, surveys the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is part of his 24th annual Top Stocks Report.

Energy Metals (NYSE: EMU) is the favorite speculative pick for 2007 from Elliott Gue. The editor of The Energy Strategist explains, "The supply/demand balance for uranium is tighter than for just about any other major commodity; supply of natural uranium from mines just isn't enough to cover even current demand. And with a global building boom for nuclear power plants underway, demand for uranium is only going to rise.

"In late October, uranium mining giant Cameco announced that it was experiencing uncontrollable water inflow into one of its key new mine projects, delaying the project from in early 2008 to, perhaps, mid-2009 for this mine.

"By around 2008, some utilities will be running low on uranium inventories to fuel their existing reactors. And there aren't many other sources of uranium out there to fill the void. For an aggressive play on this trend, consider Energy Metals. The stock, previously only listed in Toronto, recently listed its shares on the NYSE.

"While Energy Metals is headquartered in Canada, most of its projects are located in the U.S. Its Hobson facility in Texas is a licensed processing plant that is currently capable of processing 500,000 pounds of uranium oxide (yellowcake) annually from ISL liquids. This plant could produce as much as 1 million pounds of yellowcake annually once EMU completes upgrades to the facility.

"Apart from Hobson, the company has more than 200,000 acres worth of properties all across the western U.S., many with proven production. Energy Metals is at least close to proving its strategy of buying up older mines and putting them back into production. As long as uranium prices stay above $25 per pound (which I expect), this strategy should bear fruit. Buy Energy Metals under $10."

To see Elliott's favorite conservative stock for 2007, click here.