STOCKCHASE

(A Top Pick Dec 8/11. Down 57.57%.) Still likes. Very cheap. Has been hurt because of the atrocious gas prices. Have 3 significant plays, one gas and 2 potential oils. Expect they will have a partner for some of these.

2012-04-02

PAST TOP PICK

0.830

(Top Pick Dec 8/11, Down 55.15%) Have an oil project that should attract a partner in next 60 days.

2012-02-14

DON'T BUY

0.990

James Hodgins

In the small cap space it is so easy to be wrong. This is a company that has been experiencing negative change. Nat Gas has been a tough place to be for a long time. Stay away until the sector gets better.

2011-12-29

TOP PICK

1.980

(Top Pick Oct 27/11, Down 23.17%) Drifted off on indiscriminant selling. Zero bad news. In fact terrific news last week. New Brunswick. Believes it is crazily valued below $2. More than $10 of asset value. No debt and cash on the balance sheet and cash flow from small production base. $3 of proven reserves. Get price higher into New England.

2011-12-08

TOP PICK

2.460

$3 of value in their reserves, trading at 2/3rds. Drilled two well that were successful.

2011-10-27

DON'T BUY

2.900

Hap (Robert) Sneddon FCSI

Has had a tough go. Drilled two wells and results were inconclusive. They are left 100% in the play, which is very capital intensive. It could go either way. They want to drill two horizontal wells into the play while looking for a new joint venture partner.

2011-06-08

PAST TOP PICK

4.310

Andrew Cook

(A Top Pick April 26/10. Down 7.7%.) In New Brunswick with a couple of large resource plays. Hit a dry hole but are trying to sort it out.

2011-05-19

PAST TOP PICK

5.320

Andrew Cook

(A Top Pick April 26/10. Down 2.46%.)

2011-03-31

Comment

5.990

Good long-term chart. Broke down through the upward trend late 2010 but looks pretty reasonable. Will probably follow the sector.

2011-01-05

HOLD

5.140

Sold it when well results came out but firm still owns it. Won’t have results for another 6 months. Management doesn’t know what’s going on. They said results were ‘perplexing’. As a firm they are still big supporters of the name.

2010-12-14

Comment

6.600

Hugely significant catalyst coming in the next 3 months, which is drill results from Apache (APA-N) but a possible 60% downturn if this play doesn’t turn out.

2010-10-27

BUY

4.780

(Market Call Minute) Risky buy.

2010-06-10

SPECULATIVE BUY

4.700

John Stephenson

Attractive. Frederick shale seems to be producing. Question is the macro growth story. What happens with the global growth story? If global growth is on the back burner, this story is not going anywhere. If global growth is back in the forefront, this one should go quite a bit higher.

2010-05-28

TOP PICK

6.100

Andrew Cook

Followed for years. Original story is a New Brunswick asset – gas play. They are producing now, generating significant cash flows. More drilling in June. It’s an asset play. They have some big money behind them.

2010-04-26

BUY

5.530

Mason Granger

Interesting stock. Gas on the east coast of Canada. They have one producing field. They get a premium to Nymex gas and they have ready access to pipeline capacity.

2010-01-05

DON'T BUY

1.890

Joseph Schachter

Shale gas play. Have some great results. Natural gas price drop took it from being very profitable to marginally profitable (or not) at $3 gas. He doesn't see a positive scenario for natural gas until the winter of 09/10.

2009-04-06

BUY

5.930

David Cockfield

A junior oil and are doing very well. They are tied into a pipeline and producing gas. Have some extremely good shale property in New Brunswick.

2008-02-08

BUY

8.440

Peter Hodson

There is some concern over their most recent well which may not be as good as some of the others. Good price.

2007-12-14

HOLD

10.440

Michael Smedley

Natural gas eastern Canada. Chart indicates it is not about to go down.

2007-09-24

HOLD

11.030

Joseph Schachter

Bringing on new production from New Brunswick and have a number of good wells. Have a tie in to the major pipeline systems. Fully valued.

2007-09-11

BUY

9.700

John O'Connell, CFA

Drilling for natural gas in New Brunswick and some claims in PEI. Have found gas but now have to fraq it and results are expected fairly soon. Some risks, as they are very deep wells. Risk/reward is good.

2007-08-27

BUY

11.970

Jean-Francois Tardif

Natural gas in Eastern Canada. Continuing to drill and expect they will find more gas, which will give them, significant upside.

2007-07-16

BUY

11.450

Peter Hodson

Have many successful wells on the East Coast and reserves are starting to build. Finally the market has started paying attention. Can see it going to $20-$30.

2007-07-05

DON'T BUY

11.000

Jennifer Stevenson

Have a nice gas field in Eastern Canada. Has been a real success, but is now quite fully priced. Better plays out there.

2007-05-15

Comment

11.760

New Brunswick-based company. Have some production tied in with Potash (POT-T). Stock has done very well. Big bump recently. Looks very interesting.

2007-05-09

HOLD

11.390

Alex Ruus

Likes this company, but it has had a good run. The first real major land-based gas production to come out of New Brunswick. The field will be coming on in mid-June.

2007-05-07

DON'T BUY

6.240

Discovered a gas play in New Brunswick. Had to do special fract treatments in order to get wells to flow. Working reasonably well. Selling into a plant and now need to sell into a pipeline into the US. This will require a significant amount of capital. Need to prove up more reserves. Higher risk.

2006-09-08

VAGUE

3.420

Have done spectacular work in a tough area. Not sure where they go from here.

2005-12-14

BUY

2.150

Bill Harris, CFA

Had 4/5 wells and had some technical problems which look like they have been corrected. Biggest question is size. They have to run a 25/30km pipeline to get to the main east coast gas line. They have to find volume to justify putting in a line. At this point it's risky, but would Buy.

2005-05-11

WEAK BUY

1.850