STOCKCHASE

Would be cautious. Good management and good cash balance but it should be going into decline in the next year. Company is floundering a little. Not a name he would own.

2012-01-24

DON'T BUY

6.070

Colombian Explorer and developer. Had a fantastic run but since then has had mixed results with their drilling. Stock has come down significantly. Likes the valuation but thinks oil prices are coming down in the short run.

2011-10-20

BUY

5.800

Mason Granger

Colombia is been a tough place to make money this year. Well financed to weather a downturn in commodity prices. Have a lot of cash and a good solid production base plus an exciting exploration profile.

2011-10-13

DON'T BUY

6.700

Oil in Colombia. Had phenomenal success in the last 18 months but has fallen off in the last 6 months or so due to poor drill results. Generally there is a bit of a backlog in infrastructure in Colombia in terms of pipeline.

2011-07-25

HOLD

6.130

Trades at a premium to its piers. Ultimately it is a good name but he rates it as a hold.

2011-07-18

PAST TOP PICK

6.560

(A Top Pick April 5/10. Up 4.27%.)

2011-07-05

DON'T BUY

6.260

Likes Columbia’s prospects. High quality company. Is uncomfortable with them going into Peru. They are talking about raising royalties. You are starting from scratch with infrastructure. This one is not quite cheap enough for where he would like it.

2011-06-09

BUY on WEAKNESS

6.330

Down about 20% despite oil being strong.; Drilled a number of dry holes. Cash on balance plus proved and probable reserves is very discounted by market. Buy it just above $6.

2011-06-08

Comment

6.780

Colombian oil producer. Kind of neutral on producers at this time and prefers to play it through the services side. Prefers something like Estrella (EEN-X).

2011-05-26

PAST TOP PICK

6.840

(A Top Pick April 5/10. Up 6.65%.)

2011-05-09

PAST TOP PICK

6.840

(A Top Pick April 5/10. Up 6.65%.)

2011-05-09

HOLD

6.840

Robert Lauzon

Tries to keep most of his investments in North America but does own a bit of this. Had an okay reserve report that came out. Missed a little on production and shares dropped.

2011-05-09

BUY

7.170

Had a huge run. Was debt free and had $200 million in cash. Had some nice wells and stock did exceptionally well until about 3-4 months ago. Had a couple of dry wells, which took all the wind out of their sails. Great balance sheet and the company clearly know what it’s doing. If you have a 2 year time frame, this is a great entry point.

2011-04-26

HOLD

7.060

Wouldn’t aggressively buy. A lot of companies active in Columbia are experiencing fairly high decline rates. It still trades at a substantial premium to net asset value, so it’s overvalued.

2011-04-20

SELL

6.890

In Colombia, Peru, Brazil and Argentina. Big asset that is producing for them now is the oil asset in Colombia. Sees a $5 hard value but the market is paying over $3 for the exploration potential and recently they’ve announced a number of D&A (Dry and Abandoned) If it dropped a couple of bucks he would take a more constructive view.

2011-04-14

BUY

7.860

Peter Imhof

Have been doing well in production numbers. Have a lot of cash flow. Most of the drilling they will be doing over the next 24 months or so is through internal cash flows. Have a lot of targets in Peru.

2011-03-28

TOP PICK

9.290

Energy is about a 40% weight in his portfolios, specifically mid-caps with growth, production and reserves and focused on oil or liquid rich gas. This one has grown production to about 15,000 barrels a day and will probably grow to 22,000-23,000 this year. Doing development and exploratory drilling in Colombia, Argentina, Brazil and Peru. Have multiple catalysts coming over the next few months. About $300 million in cash.

2011-03-01

PAST TOP PICK

8.680

(A Top Pick Oct 20/09. Up 70.9%.)

2011-02-22

PAST TOP PICK

8.780

(A Top Pick Feb 8.10. Up 65.72%.) Still likes.

2011-02-09

Comment

8.990

Bankers Petroleum (BNK-T) in Albania versus Gran Tierra (GTE-T) in Colombia? From a political standpoint, Colombia is more stable but his choice here would be Canacol Energy(CNE-X)and Estrella (EEN-X). Albania is starting to get political protests.

2011-01-31

BUY

8.190

This is one of those companies that is in the right place. They have a real opportunity in Columbia. A great management team. Near term catalysts because they are involved in a drilling program where there should be news flow. The upside is significant if they have success. They have a pretty good balance sheet. Not likely to need to go to market to raise capital in the near term.

2011-01-25

BUY

8.340

One of the premier explorers in South America with an initial start in Colombia. Just under 13,000-14,000 BOE’s a day, which is a good stable rate that generates good cash flow which they can deploy into high impact exploration. Have an emerging area in Peru, which is quite perspective as Peru has had very little oil exploration.

2011-01-13

BUY on WEAKNESS

8.330

Has considered trimming a little. There’s a $1.50 of inferred future profits. If it pulled back to $7 he would consider buying more.

2010-12-14

BUY

8.510

Active in Colombia, Peru and Argentina. Expecting some news flow over the next month or two on some of their drilling. Have some very large potential reserves they could be drilling into.

2010-12-13

BUY

8.280

Dean Orrico

Canadian but with operations exclusively in South America, primarily Colombia but expanding into Peru, Argentina and Brazil. 100% oil, no debt and $300 million in cash.

2010-12-09

DON'T BUY

8.050

(Market Call Minute.) Colombia. Fully valued.

2010-10-27

Comment

7.490

Been a pretty big winner for them. Waiting for their exploration [program to hit. Potential takeover rumour. Remains a great, great company. There is an excess of oil right now globally. A couple of good wells would change analysts’ expectations.

2010-10-19

PAST TOP PICK

7.490

(Top Pick Nov 16/09, Up 36.7%) Still Likes it. Based on what they have done so far.

2010-10-19

PAST TOP PICK

7.690

(A Top Pick Nov 18/09. Up 29.35%.) Great international exposure.

2010-10-14

BUY

7.640

Jason Donville

Some very smart people. Drilling in Colombia and Peru right now. They are looking for the big, multi-blockbuster field and have had pretty good track record in the past. Cash flow from existing properties can support the existing stock price but if they continue having success, they could get to $12-$15.

2010-10-04

Comment

7.940

Jim Huang

Has been having a lot of success in Colombia. Capable management. New land position in Peru.

2010-09-30

BUY

7.190

An interesting energy company.

2010-09-28

BUY

7.190

Looking at international oil companies, this is where money is going.

2010-09-28

BUY

6.180

Michael Decter

Colombian play. Good solid company. When the 3 stock exchanges, Colombian, Chilean and Argentinean merge early next year all of the companies in Colombia are going to get a bump.

2010-08-16

HOLD

6.000

Has to show investors what it can do, a “show me” story. Investors like this one a lot. Excellent management team. Some real prospectivity in Peru. Real catalyst is Colombia where it has a lot of acreage. Lots of cash.

2010-07-23

STRONG BUY

5.520

Peter Imhof

Market cap of about $1.2 billion with about $260 million in cash. Produce around 15,000 BOE's presently. Able to do all CapX internally through cash flows. Just made another discovery in Colombia that they are now testing. Should be a lot of news flow from Colombia. In September will start drilling in Peru with targets of over 100 million barrels.

2010-07-16

PAST TOP PICK

5.380

(A Top Pick July 16/09. Up 52.25%.)

2010-07-13

Comment

5.340

Getting to a size where he is more comfortable with it. Extremely well managed. Fantastic Colombia base but questions their move into Peru where they have to look for elephants. If they find an elephant, there is no infrastructure. You will need 2-3 years to let them execute their exploration plan. Prefers a more methodical drilling type stock.

2010-07-06

BUY

5.210

Jeff Parent B. Eng. FCSI

Likes it. It is trading at support. He is an active trader. Thinks oil will close the year at $85. It’s a positive trend and it has bottomed.

2010-06-09

HOLD

5.540

(Market Call Minute.) Costayaco field is just not producing at a have to figure out how to get the production up.

2010-05-28

BUY

5.540

Jamie Horvat

It’s not moving because the price of oil is down. Likes the name; lots of cash; self-funding programs. Continues to like this name. Doing more work on this one, looking to add to his position.

2010-05-11

BUY

5.370

Mason Granger

Colombian oil producer. Also have very prospect of blocks in Peru. Great balance sheet with a lot of cash on hand. Transitioning into more of an exploratory company.

2010-05-07

BUY

6.130

(Market Call Minute) If you think you can stomach it and hold for a couple of years.

2010-04-13

BUY

5.990

Robert Lyon

Colombian focused oil/gas player. Also exploring in Peru. Big drilling exploration program going on this year, which should yield some good results. Good asset value of around $5.

2010-04-09

TOP PICK

6.320

Embarking on a big exploration program, both in Colombia and Peru and the news should be available in the next couple of months. Solid cash flow.

2010-04-05

BUY

6.050

In Colombia with about 15,000-16,000 BOE's. Continuing to actively explore but also branching out particularly into Peru. Good free cash flow generation, excellent operating costs and strong technical team. Colombian oil basin is very rich and relatively under explored.

2010-03-29

STRONG BUY

5.830

Fantastic way to play Colombia. Net cash position $270 million. With current production of 15,000 BOE's per day along with cash, you get about $4.50 of core value so you pay about $1.50 on future exploration success. Remainder of this year will be drilling 7 more high impact wells with 25 million barrels of upside. In 2nd half will be drilling in Peru with a billion barrels recoverable. (1 in 10 shot?)

2010-03-24

HOLD

5.800

Valuation is the issue. It has been a darling for some time. Some decent production growth for ‘10 but hard to see where it comes from in ’11. Could sell on strength on particularly good days in the market.

2010-03-05

PAST TOP PICK

5.840

(Top Pick Jan 20/09, Up 81%) The cash flow fully funds exploration for this year. This is going to be fun but bumpy. You have to be prepared for it to be a roller coaster. The management certainly has the skills.

2010-02-16

BUY

5.640

Peter Imhof

Clean balance sheet with $150 million in cash. Next couple of quarters will be drilling in Colombia and Peru. Producing 13,000 BOE's and expects it to grow to 15,000 over 2010. Key thing is that in Q2 they're going to be drilling up Peru, which could be a company maker. Drilling targets of 140 million barrels and if they hit one of those, stock could easily double.

2010-02-11

TOP PICK

5.310

Their biggest field will be flat at 19,000 barrels a day giving steady cash flow. $150 million cash so they will have a very active exploration program including some big wells in Peru.

2010-02-08

HOLD

5.150

Good management. Recent drill results were a bit of a disappointment. A “show me” story right now.

2010-01-22

BUY on WEAKNESS

5.340

Andrew Cook

Oil/gas producer focused in Colombia. Has had a really good run so probably has to go through a period of consolidation. Have significant upside from drilling later this year. Wait for it to consolidate before buying.

2010-01-20

WAIT

5.760

Mason Granger

International stock that he is most positive on. Deep technical expertise. Enormous amounts of free cash flow, no debt. Drilling 11 or 12 exploratory wells this year. Wait before getting in.

2010-01-05

BUY on WEAKNESS

6.010

Andrew Cook

Oil/gas producer in Colombia where there is resurgence. Has a lot of prospect of the day from here. Would like a 10%-15% lower.

2009-11-30

TOP PICK

6.030

International oil producer with their primary asset in Colombia and Peru with about 15,000-16,000 barrels, which can ramp up to about 20,000. Good cash flow. Fantastic balance sheet. No debt. About $140 million in cash.

2009-11-18

BUY

6.030

Oil production in Colombia. Their big field will be plateauing for 3 years and they have about $150 million in the bank. Expecting it to reach $6.50 when they start drilling the big wells.

2009-11-18

TOP PICK

5.640

Oil exploration in Colombia. $156 million in cash and no debt. Produce 13,000 barrels equivalent of oil and are going on a massive exploration program next year.

2009-11-16

BUY

5.410

Probably fair valuation. They are going into the more exotic projects. They have some pipelining issues that they are working on. Doesn’t know if the market is going to pay for the Peru projects. Fantastically run company.

2009-11-10

BUY on WEAKNESS

5.170

Glenn MacNeill, P.Eng.

Colombian play in oil, which is very interesting. Great slate of drilling locations and great growth in production going from 2000 barrels a day to about 8000. Cash flow has gone from $18 million to about $57 million. You can probably get it slightly lower over the next couple of weeks.

2009-11-06

TOP PICK

5.120

They are fully valued today. Biggest upside is in Peru. They are going to drill next year in Q2/Q3 next year. It is light and medium gravity oil. If they have any success we would be looking at a double-digit target.

2009-10-20

TOP PICK

4.800

International player in Colombia and is the hot international place to be. You can actually find and get paid for your oil very quickly here. A lot of cash on their balance sheet and will have an active drilling program next year. Will also be drilling in Peru next year for big oil finds.

2009-10-13

BUY

4.490

(Market Call Minute.) One of the cheapest Colombian players and will be drilling actively in the next year.

2009-09-30

HOLD

4.570

3 months ago it had a very promising future but it has had a really good run.

2009-09-28

BUY

4.530

(Market Call Minute) You have 140 Million in cash, 16,000 bpd of production and 14-well drilling program coming up.

2009-09-22

TOP PICK

4.350

Colombian basin. Had some problems recently with a tax on the pipeline system. Costayaco play has continued to work out for them. Should do about $.80 in cash flow. As upside in other areas of Colombia and will be doing some high impact exploration drilling. Also have upside in Peru. Pristine balance sheet.

2009-08-21

BUY

4.150

(Market Call Minute.) Very cheap.

2009-08-14

BUY

4.090

One of the best names in Colombia in terms of oil and risk parameters. Great production profile and are sitting on $150 million in cash with no debt.

2009-08-06

BUY

4.190

Veronika Hirsch

Been running up lately but hasn’t participated to the same extent with the rest of the internationals. Incredibly strong balance sheet and good prospects. Hasn’t drilled anything exciting but this should change over the next little while. Can see another $1 without drilling success but if they have success there could be another $2.

2009-07-17

TOP PICK

4.000

All this production is in Colombia with a base that is growing 20,000 barrels a day. In the 2nd half of this year they have a very aggressive exploration program to drill some very high impact wells.

2009-07-16

BUY

3.620

(Market Call Minute.) Increased production by about 5X year-over-year. Nice diversity of projects. Good management.

2009-06-24

BUY

3.430

A Colombian Costayaco oil project growth story. Want to keep production at 15,000 barrels a day. Sitting on cash flow from that and have over $140 million in cash. With that money they will be able to continue exploration programs. Also have a play in Peru, which could be a farm out to possibly somebody big.

2009-06-01

BUY

3.050

Glenn MacNeill, P.Eng.

Colombia and Peru have some of the best royalty regimes in the world right now. Some good capital gains to be had out of growing production and this company has indicated it will do so. High margins and high economic values.

2009-05-20

TOP PICK

2.980

Liked it a long time. Great success in Columbia. Sitting on lots of cash, no debt. Likes current cash flow. Home run potential in Peru. Biggest risk would be country risk if it became so in Columbia. Buy after correction in oil prices.

2009-05-01

TOP PICK

3.460

Has a lovely play in Columbia (Costayaco) and are ramping up production. Currently at about 12,000 BOE's a day and will double that later this year. Very cheap. Thinks it will do $.77 in cash flow this year. No debt and $177 million in cash.

2009-04-06

HOLD

2.940

Management is regarded as probably the best in the international space. Assets in Colombia and Peru and Argentina. Merged with Solana Resources, which helps with the mix. However there isn’t any really strong argument for production growth. Kind of stuck in the middle.

2009-03-06

Comment

3.960

Kevin O'Leary

(Kevin's brother is COO!!!) He is not recommending it because there is a family connection.

2009-02-05

TOP PICK

3.220

Oil in Colombia. $140 million in cash. Unbelievable land position in South America. Columbia has a fiscal regime that is enviable. Have a $200 million capital project that they can fund with cash flow. Excellent management.

2009-01-20

BUY

4.400

Merging with Solana Resources (SOR-X). Just announced a discovery in Argentina. Also have Colombia and a big play in Peru.

2008-09-25

HOLD

4.700

This is one of a handful of stocks that he kept. Very unique asset in Colombia. The company is firing on all cylinders. Easily a $10 stock if everything stabilizes.

2008-08-20

HOLD

6.150

Frederick Kozak

His target price is below current stock price. Guayuyaco field is very interesting. Potentially found the largest onshore discovery in Colombia in the last 10 years. Current drilling should put the pin in the oil field size and should be around the end of July.

2008-07-16

BUY on WEAKNESS

6.100

2043 BOE’s a day in Q1. Guayuyaco wells in Columbia can do over 3000 a day. Need to expand the pipeline system. Looking to do 7000 by the end of this year. As volumes ramp up in latter half of 2008 the stock will start to move again. The next couple of months it will be in a holding pattern.

2008-06-05

BUY

3.920

Operator in a 50% partnership with Solana (SOR-X) in a project in Colombia. Fabulous wells. Have drilled Costeyaco (?) 2 and are now drilling Costeyaco (?) 3. There could be 10 wells in this play. He doesn't know how big it is. In his models, he is using 30 million barrels of recoverable oil. Use a 2, 3 year time horizon.

2008-04-04

BUY

3.430