STOCKCHASE

Well managed. Growth rate has been phenomenal. Very tied into a couple of hot gas plays. Could be a takeover candidate someday. If gas does well it probably has $1-$2 more upside pretty easily.

2010-07-22

TOP PICK

16.640

Veronika Hirsch

Good management and have a wealth of prospects. Possible split of the company.

2010-07-15

TOP PICK

17.380

Great asset in the Princess area of Alberta. Have ability to swing capital from oil or natural gas, depending on where commodity prices are. Have shown very good returns during the downturn in natural gas by swinging to the Princess play. Meanwhile the option on the Montney natural gas play remains.

2010-03-29

HOLD

17.200

Veronika Hirsch

Good management, which is done all the right things. Attractive suite of properties they are drilling.

2010-03-26

TOP PICK

14.090

Bullish on gas and is expecting an average of $7.15 this year. Great exposure to the Montney and the emerging play in Alberta and BC. Great exposure and leverage and good cost discipline. Good truck access. Also have oil in their Princess play.

2010-02-10

HOLD

11.870

Andrew Cook

Very strong management that did a very good job of transitioning from exploration/development into more resource focused. Good, tight natural gas and light oil play in southern Alberta. Great land position.

2009-11-30

Comment

11.360

Quarter results are due Nov 10th. Great company and well managed. Management owns a large chunk of the company. He is in others that pay higher distribution. If you own, consider taking some profits.

2009-11-06

HOLD

8.830

Robert Lauzon

This will move with the price of natural gas. The easy money has been made this year. They have to prove themselves as a company. If gas stays at the $6 level as he expects, they have to develop some of their Montney lands, get the financing to drill. Also have some oil potential. For a 3 to 5 year play, this is the kind of company that will get taken out.

2009-10-05

BUY

8.420

Good balance sheet and management team. It will be a consolidator.

2009-09-28

BUY

8.580

Jennifer Stevenson

This company runs first and hard when the gas cycle starts. You need to trade this one or hold for 2 or 3 years. Phenomenal asset base. Likes it.

2009-09-22

TOP PICK

7.990

Oil/gas assets. Not getting enough credit for their acquisition of Gentry Resources. Gentry had a full package of oil assets in southeast Alberta. They have increased the oil production by over 60% in the last year.

2009-09-14

BUY on WEAKNESS

5.740

Joseph Schachter

Acquired Gentry Resources last year, which gave them more oil bases in the Princess area. Using some of the new horizontal techniques. Recently did a financing to pay down debt along with their cash flows. Should be a survivor. Could potentially drop below $5.

2009-08-21

BUY

5.480

Of the names you want to hold in the juniors’ space, this is one of them. Extremely healthy balance sheet. Very strong team and good properties.

2009-07-24

Comment

5.320

Natural gas producer so will suffer temporarily because of low prices but will have a good run in a year or 2. Reasonably well managed. There are others that he prefers that this has been a consistently good performer.

2009-06-29

DON'T BUY

5.210

Takeover speculation drove price recently.

2009-04-15

BUY

4.150

(Market Call Minute.) Even though there is still a bit of a concern, it has been beaten up enough that you get very good value for it.

2009-03-26

BUY

4.200

Have a lot of Alberta production but also have quite a bit of land in BC and have been trying to prove up a play in the Montney. Good value.

2009-01-16

BUY on WEAKNESS

4.500

Great asset package in the Montney play. Had a hard time generating per-share growth. 08 was a bit of a turnaround. Looking for some modest growth going into 09. If you own, hang on to it and play the dips.

2008-12-18

BUY

5.000

Solid management team. Decent balance sheet. Attractive upside.

2008-12-03

Comment

4.900

Steve Carlin

Great company. ¾ gas and ¼ oil. Have exposure to the Montney play in Alberta. Have about 140 net sections of land. Very good growth prospects. Expect there will be disappointments in the next couple of quarters because of lower commodity prices.

2008-11-27

BUY

10.000

Well run Company, likes the company, terribly undervalued. Good value and if the market begins to care about value then it is a good place to play.

2008-09-30

BUY

11.600

One of the “go to” names. There is a little less attention being paid to the juniors. Would consider this as a core holding. Montney is very attractive. One of the better balance sheets. Great management team. Expecting significant upside.

2008-09-22

BUY

11.470

Just acquired Gentry (GNY-T), an oil play in Saskatchewan, which is a balance to their higher risk Montney gas play in BC. Gentry had an amazing spread of land in the Princess area of southern Alberta.

2008-09-12

BUY

12.530

Jennifer Stevenson

One of the gas stories that she likes. Have a tremendous acreage in the Montney in BC. An attractive land package with massive exploration potential.

2008-09-05

BUY

14.490

Have a huge acreage in the Montney play in BC. They also have the Horn River basin, which has got longer term potential. Well-run with great production growth. Will ultimately be a takeover target. You have to watch the price of natural gas and the sector but it is a keeper.

2008-08-27

BUY

13.600

Large Montney acreage plus holdings at Horn River so one of the few juniors that could be a takeover. Good balance sheet.

2008-08-22

DON'T BUY

14.020

Robert Floyd

Numbers have not been that terrific. They are looking to buy Gentry Resources (GNY-T). In terms of the actual numbers, they really needed an acquisition to add to their production profile. This will go higher but there are better alternatives. (See Top Picks.)

2008-08-21

BUY

18.290

With Duvernay Oil (DDV-T) being taken over by Shell, Crew Energy (CR-T), Galleon Energy (GO.A-T) or Storm Exploration (SEO-T) would be good replacements with acreage in the Montney region. This one has the distinction of being the only junior in the Horn River region.

2008-07-16

BUY

18.600

Jean-Francois Tardif

Fine Company to have in a collection of like companies. Things are looking good for proper.

2008-06-23

WEAK BUY

11.800

Jean-Francois Tardif

A producer of gas. Natural gas has been trading way below its fundamental value. Has a lot of upside in the mid-long term. Like the area.

2008-03-24

TOP PICK

7.540

85% natural gas. Trades at 3X cash flow. Have less debt than their peers. Good management. Good price.

2008-01-04

BUY

7.800

(Market Call Minute.) Natural gas. Likes this one very much. Very inexpensive relative to its peers. Good growth potential. Good management.

2007-12-05

BUY

10.390

One of the better names amongst the juniors. Management has a reasonable stake in the company, which is always attractive.

2007-04-30

TOP PICK

10.650

Robert Toole

Very strong natural gas exposure. Now is the time you want to get involved with gas companies when they are at their low. Very strong management. Grows both by drilling success and prudent acquisitions. There is no premium built into the stock price now because of management.

2007-01-18

BUY

13.000

Alex Ruus

For gas exposure, 2 stocks would be ProEx Energy (PXE-T) and Crew Energy (CR-T). Well run with good land position.

2006-11-22

BUY

16.330

Gordon Higgins, CA, MBA

Likes the rail story. Prefers over Canadian National (CNR-T) as it trades cheaper. Has a higher cost structure giving it the opportunity to reduce costs even more.

2006-04-05

BUY

16.580

Core junior holding. Good balance sheet. Flawless production record and very good management team. A lot of drilling prospects.

2006-02-03

BUY

18.370

Should do very well.

2005-09-09

BUY

16.700

One of the top ranked exploration companies in Canada. Management team had a chip on its shoulder, came back out and did a fabulous job this time around. A good "through the cycle" hold right now.

2005-08-23

BUY

13.670

Has good growth of production on a per share basis. Have a good slate of drilling prospects in front of them.

2005-06-07

BUY

11.140

Management team has done a phenominal job. A very good, well run company. Starting to hit their drill targets.

2005-05-10

HOLD

10.400

David Cockfield

Have been doing some pretty good work recently and showing some more impressive growth. Reserve growth has been fairly substantial and could exit '05 at about 5,000 barrels a day.

2005-04-21

HOLD

8.700