STOCKCHASE

(A Top Pick Oct 5/05.) Acquired and is now Shiningbank (SHN.UN-T).

2006-10-12

PAST TOP PICK

10.060

(A Top Pick July 27/05. Up 81%.) Being acquired by Shiningbank (SHN.UN-T). He would take the offer and sell. Consider Duvernay (DDV-T) as an alternative.

2006-08-21

SELL

9.450

Robert Floyd

Being acquired by Shiningbank Energy (SHN.UN–T). If you own, tender to the offer and move on to something else. This was more of an exploration company and Shiningbank is more for an income-oriented account.

2006-07-14

STRONG BUY

9.150

Should be a core holding in your junior group. Has one of the most capital efficient frameworks. Has lots of prospects. On a multiple/cash flow basis, it is trading well below the group. Expects there will be much higher gas prices.

2006-06-28

BUY

9.240

A pretty exciting small junior. Production has grown pretty dramatically. A good part of their production is gas so there has been some softness.

2006-06-16

BUY

9.900

Westerly Canadian natural gas selling at a discount to net asset value. Has a clearly defined strategy to go forward. Great management and well-financed.

2006-06-09

TOP PICK

9.830

This is how he will play a natural gas recovery. Solid team. Well-financed and they have access to rigs.

2006-05-24

BUY

10.190

One of the cheaper companies. Good balance sheet.

2006-05-19

BUY

11.810

A big fan of this one. Expanding their facility at Pembina West to 50 million. Did 3246 BOE’s a day last year, exited at 5100 and he is using 6000 in his model and exiting at 8000 this year which gives cash flow of $1.85. Could be a takeover target.

2006-05-05

BUY

10.800

Has done a very good job of increasing its reserves. A very good balance sheet. Always meeting targets. One of the best juniors you could hold.

2006-03-22

TOP PICK

8.050

Predicts Find Energy will go to $12.00. The company is 60% gas weighted. Just added a new facility. The company has very rich liquid gas. Good cash flow, exploration upside. Some time this year there might be a share holder maximization process. He has recommended this stock a few times before., he still feels it will do well.

2006-03-08

HOLD

9.000

He owns it, he likes it, he's going to hold it. It's a good company, well managed.

2006-02-22

BUY

10.050

Trading relative to peer group. Below 4 X EBITDA. Clean balance sheet. A lot of drilling success. Junior producer it’s a good one.

2006-02-03

BUY

10.180

Trading at about 3.9 X enterprise value to EBITDA compared to the peer group which is 4.8. Trades at about 25% discount to the peer group. Very good management team.

2006-01-25

BUY

10.460

One of his favourites and expecting a lot higher growth rate.

2006-01-18

BUY

9.670

You are looking at a 2/3 year time horizon. Great management team. A little expensive, but they'll work their way through it. It will get trusted.

2006-01-03

BUY

7.950

A great company. We've had a pull off in oil/gas prices, but this stock to pull back. This says that something is going quite well there. A little expensive, but with all the cash flow being genrated as well as having good projects to reinvest in, they have the ability to grow 30% this year.

2005-11-24

TOP PICK

8.110

Growing very fast. Going from 3,500 BOE's this year to around 5,000 next year. Cheap on a relative basis at 4.7 X EBITDA. Great balance sheet. Had an 84% success rate.

2005-10-05

BUY

8.220

Peter Brieger

The outlook for natural gas is much rosier and the growth is steadier than it is for oil. Looking at this stock and are pretty close to buying.

2005-10-04

TOP PICK

7.390

Had a lot of success in the Pembina area. Balance sheet is pristine now after selling Saskatchewan assets at a very high price. Expect 5,000 BOE's a day by the end of the year. Could be a take-out target by one of the trusts.

2005-09-02

TOP PICK

5.800

Growing production very, very quickly. This year alone it's up 45%. Clean balance sheet. Good management team. Lots of growth potential. Relatively cheap.

2005-07-27

BUY

4.300

Junior stocks have not had as big a run as the seniors. This one has had a nice run from the $2's into the $4's. Have cleaned up the balance sheet with some asset sales. Thinks they will exit 2005 with over 4,200 BOE's a day.

2005-06-20

HOLD

3.050

Good management. Gave very negative guidance at the beginning of the year and the stock dropped off the cliff. The company is starting to pick up. At a turning point in that it will have to put itself up for sale or cointinue to develop its properties.

2005-03-30

BUY

3.110

Probably doing about 3,200 BOE's a day. Brought on quite a bit of production at the end of February, stumbled in the area caused Haslit. Could exit this year at 3,400/3,500. Has quite a bit of land in the Pembina area. Have a 6.2 proven reserve life index.

2005-03-23

HOLD

2.900

They stumbled. Had been looking for 3,000 BOE level by the end of '04. Only had 2,570. One play was delayed by facilities which will be coming on in 2 weeks. Also had an operational issue by making an old field do things with modern technology which it wasn't capable of. Looking for strong production in their Pembina field. Expects $0.85 cash flow by year end.

2005-02-14

BUY

3.940

Company is doing a fabulous job. They have integrated the Lexor acquisition. Growth from the drill bit has been very good.One of the key project areas is in the Pembina area and have had some very good success.

2005-01-11

TOP PICK

3.150

Good management. Trades very cheap. Exploration risk. Wish I could own.

2004-09-22

BUY

2.850

Expects the company to continue to show good growth patterns.

2004-08-25

TOP PICK

2.700

Taking a mature company and using 60% of cash flow and going into nature gas area. $4 target. Great management.

2004-02-05

BUY

2.650