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| Comment | 2.440 | Hugh Cleland, CFA | Down with the price of natural gas plus they had a well that wasn't as good as expected. The break from $3 to $2 was caused by negative comments by Questar on their quarterly conference call. Still likes their prospects assuming gas prices improve in the Rockies. | 2007-11-23 | |
| Comment | 2.160 | Alex Ruus | Early-stage oil/gas exploration. He has a very small position in this. Have 2 really, really exciting plays. One is a deep gas play in the Rockies, which at some point it's going to be worth a lot. The other is in the Dakotas with Bakken shale and has assembled a great acreage position. This could be a whole new leg of growth for the company. Speculative. | 2007-11-05 | |
| PAST TOP PICK | 3.300 | Hugh Cleland, CFA | (A Past Top Jan 245/07. Down 22 %.) Exposed to the gas market. 2nd largest landholders in the Vermillion basin. Probably needs another $1 on the gas price before the Rocky Mountain gas price becomes interesting to this company. | 2007-09-28 | |
| Comment | 3.640 | Hugh Cleland, CFA | 2nd largest landholder in the Vermilion basin. Somewhat interesting at this price. Would be an excellent buy at $3. It's a tough one simply because of its exposure to gas. | 2007-09-07 | |
| TOP PICK | 4.390 | Hugh Cleland, CFA | Natural Gas. 2nd largest landholder in the Vermilion Basin, a deep over-pressured basin. Initial test results from their 1st well indicates big wells and a lot of them. | 2007-01-24 | |
| BUY | 4.900 | Hugh Cleland, CFA | 2 small cap natural gas companies recommended are Grand Petroleum (GPP-X) and Kodiak Oil & Gas (KOG-X). 2nd largest landholder in the Vermilion Basin in Wyoming. This one is a much higher risk. | 2006-09-07 |
