STOCKCHASE

You would have to be patient with this. New management is now going through their portfolio and divesting non-core assets. Expect you will be left with a less leveraged company. They have a Cardium and Montne gas play. Cardium results have been pretty crummy to date and the Montne has a sour nature to it. Consider this as a tax loss holding.

2011-11-30

Comment

5.230

Jim Huang

Reported some disappointment or some of their very important new plays and this is why the stock is not performed well. Trading cheaply because 70% of their operation is natural gas.

2011-11-14

DON'T BUY

6.450

Jason Donville

He wants to own energy stocks right now that have decent yields with some appreciation when oil goes up. This one discontinued their dividends in March/11.

2011-10-17

PAST TOP PICK

6.350

(A Top Pick Aug 24/10. Down 38.1%.) Sold his holdings at $10.90 in Sept/10. Bit of a value trap now.

2011-10-13

PAST TOP PICK

5.720

Dennis Da Silva

(A Top Pick July 13/10. Down 51.48%.) Gone through a management change. Early stages was cheap acquisitions. Still a “wait-and-see” story.

2011-09-30

PAST TOP PICK

8.460

(A Top Pick Aug 24/10. Down 15.82%.) Sold his holdings. Bit of a value trap.

2011-08-16

DON'T BUY

9.250

Value trap. Had a management change earlier in year. Company is in rebuilding phase for 6 months or more. Cheap on production and reserves but no catalyst. They have sub-par assets.

2011-06-08

Comment

8.710

Andrew Cook

There are a lot of energy stocks that haven’t done anything in the last 1.5 to 2 years and he feels this year is the year where there will be a stronger move.

2011-01-12

PAST TOP PICK

8.980

(Top Pick Aug 24/10, Down 11.96%) Management change over a disagreement for strategy for the company. Very economic oil wells. Will have to wait 4-6 months.

2010-12-14

BUY

9.380

Gas focused. Still likes. Makes sense for a portfolio. Well run.

2010-12-09

STRONG BUY

9.680

Don Lato

Great Junior oil/gas company with about 70% natural gas. Well positioned with some good exploration properties. Hurt by the falling natural gas prices. On risk NAV in the high $20's-low $30's.

2010-10-14

TOP PICK

10.200

We are going into a seasonably weak market for oil and gas. An out of favour gas stock. Lots of catalysts coming for the rest of the year. Good management.

2010-08-24

TOP PICK

11.890

Dennis Da Silva

70% natural gas. Great history of acquiring under-appreciated assets and extracting value out of them. Acquired Ryder Energy, which introduced them to deep resources and it has taken a couple of years to get to the point where fruit is going to be born. Just announced 1st horizontal frac into the Montney with a great number and he expects more of this.

2010-07-13

TOP PICK

11.640

28,000 BOE a day, almost 75% gas of which about half is coming out of the deep basin. Good production growth. Just initiated a 1.7% dividend, which could be increased if gas prices go where he thinks they can go,

2010-06-17

Comment

12.310

Jim Huang

In the short term, he doesn't see gas prices recovering until the next year. Well run company. Developing unconventional plays as well as their conventional place. Not overly expensive.

2010-04-19

TOP PICK

12.340

70%+ gas. Trading around 5X cash flow. Cash flow is using about a $5-$5.50 gas price. Very well run.

2010-04-16

Comment

12.730

Jeff Parent B. Eng. FCSI

Chart is difficult to analyze. Meandering between different levels. If you are a short-term trader, this is a good time. Has support at around $11.60 and the upside is around $14.50. Sell if it drops below $10.70.

2010-04-06

BUY

11.970

Gas weighted. Fairly well run. You own this one for growth, not income.

2010-01-20

HOLD

12.130

Mid-cap gas weighted. Has come back but valuations are still inexpensive relative to its peers. No debt problems.

2010-01-13

HOLD

12.600

Decent management team. Track record of consolidation. About 30,000 barrels a day of production but its gas weighted and he expects a depressed gas market. If it breaks down on a technical support bases, he would Sell.

2009-11-09

PAST TOP PICK

11.100

(A Top Pick Sept 12/08. Down 16.5%.) Fantastic company. Great management. Very good at counter cyclical acquisitions. Just made another one. Expecting a lot of upside. Still an expensive and a Hold.

2009-09-14

BUY

9.950

Andrew McCreath

Possible pair trade for BIR-T. Has delivered with respect to quarterly financial performance. Balance sheet is fine.

2009-08-18

Comment

9.860

Large gas play. It could be a consolidator in the juniors. It will trade right in line with gas and he sees this commodity in the penalty box until the end of 2010. If you're willing to wait, you'll be okay but that could be at least a year and a half..

2009-07-24

BUY

10.740

Andrew Cook

Natural gas exposure. Recently made an acquisition, which should be accretive.

2009-06-17

TOP PICK

11.200

A gas name that is safer and a strong balance sheet. Growth is there at a low gas price. If gas prices trough in the summer, she doesn't care. Have demonstrated an ability to do acquisitions. There is a lot of un-booked, not in the stock, unconventional gas resources, which will give them internal growth.

2009-06-01

BUY

7.900

Andrew Cook

Big believes in natural gas story believes it could be up 50% of more. Sentiment is so negative.

2009-04-24

TOP PICK

7.150

Spin off of Bona Vista. Same corporate culture. Slow and steady, build growth for the long term. Very cheap, no debt problems, having success on the gas side.

2009-04-15

TOP PICK

11.630

Gas focused. Strong balance sheet. History of doing acquisitions at the bottom of the market. Has a huge slot of Montney land but won't bother drilling that until the industry has sorted this play out.

2008-10-30

TOP PICK

13.180

Typically trades at a premium multiple to their peers but have come off and now trade at or below market multiples. Recently acquired Rider Resources at the bottom of the gas market and have already been able to grow the assets. Ontario Teachers own 20% of the company so they have financing for the future.

2008-09-12

BUY

14.290

Predominantly gas weighted. Huge land position. Lots of cash. One of the better management teams. Big enough that they can make acquisitions.

2008-08-22

Comment

15.600

Great company. Had good growth. Good management team and a good slate of assets. Will continue to do very well.

2008-07-18

TOP PICK

18.920

Steve MacInnes

Gas oriented. Less well known. Management has had a fantastic track record over the past 5 years. Acquired Ryder Resources, a brilliantly timed acquisition at very attractive purchase metrics. Well balanced between deep gas and shallow gas and heavy oil prospects.

2008-05-15

STRONG BUY

18.530

Producing over 25,000 BOE's a day. 75% natural gas. Had a core low risk West4 development asset base and then they bought Rider Resources (RRZ-T) which gave them a fantastic West5 deeper gas asset portfolio to mix in with the West4. Conservatively managed. 1X debt to cash flow. Trading at about 4.5X cash flow multiple.

2008-05-13

TOP PICK

17.650

Quality management team, conservatively run and very, very compelling valuations. Less than 1X debt to cash flow. 4X cash flow multiple, which is fantastic. This is a 26,000 BOE a day company. About 75% gas. Acquired Rider Resources (RRZ-T) and that gave them a wonderful West5 addition to their predominantly West4 assets. Great growth profile.

2008-04-25

HOLD

17.500

Good management. Multiples are in line with their peer group. Looking for a higher price in a year. Great suite of assets and they'll keep growing them.

2008-04-14

HOLD

15.730

Acquiring Rider Resources (RRZ-T). Great management and enviable land positions. Intermediate gas weighted stocks have moved up considerably in the last few weeks, 20% and even up to 50% so there is a potential for some pullback.

2008-02-22

BUY

14.350

Robert Floyd

A very interesting possibility right here. Acquisition of Ryder Resources is a good one. Cash flow numbers are going up.

2008-01-15

HOLD

13.500

A pretty good company. Have a huge land position. Gas weighted so there's not a lot of catalysts. Trying to acquire Rider Resources (RRZ-T), which would diversify them out of their core area. Hard to see how they are going to bring on and continue to produce incremental production and make this all work.

2008-01-08

PAST TOP PICK

15.190

(A Top Pick Nov 10/06. Up 9.5%.) Growing its production, not as rapidly as some others, but he still likes. Good management.

2007-04-04

TOP PICK

13.880

80% gas driven. Produces about 12,500 barrels a day. Well managed and good track record.

2006-11-10

WATCH

16.800

Has been a good name to hold, but is fairly gas focused. Will probably struggle right now. Has a fairly large land base of about 430,000 acres. Keep watching it.

2006-01-25

BUY

12.000

Brian Prokop

Not a very exciting company, but it just continues to grow and add value and stock continues to go up. Keep costs in control.

2005-04-05

DON'T BUY

12.800

Bill Harris, CFA

One of the super expensive stocks, but it's one of the best oil/gas companies. A brilliant company in the financial, operating and management levels. Would buy if it came off.

2005-02-16

DON'T BUY

7.180

A well-managed company. Relatively expensive. Owns some reasonably good assets. We'll take a while to grow them.

2003-12-11

TOP PICK

6.610