STOCKCHASE

(A Top Pick June 8/11. Up 170%.) Spun out Poseidon Concepts (PSN-T) and this company’s shareholders got 88% of the Poseidon in addition to the remaining gas assets in Open Range. On a gas recovery he would get more bullish on this name.

2012-05-16

PAST TOP PICK

1.200

(A Top Pick April 20/11. Up 155%.)

2012-03-30

PAST TOP PICK

1.370

Robert Lauzon

(Top Pick May 9/11, Up 179.00%)

2012-03-23

PAST TOP PICK

1.380

(Top Pick June 8/11, Up 244.00%) Spunout PSN-T (which he still owns). Doesn’t hold ONR now because of low Nat Gas prices.

2012-03-19

DON'T BUY

1.450

Bill Harris, CFA

The world price of oil is incredibly high. It’s just a matter of time, perhaps a year. Great project.

2012-03-07

PAST TOP PICK

1.240

Dennis Da Silva

(Top Pick Jan 13/11, Up 367.98%) Spun off their tank division and he continues to own both names. The tank business will double in the next year.

2012-01-24

DON'T BUY

1.240

Dry nat. gas producer. They made the decision that they would cut back on drilling in Nat. gas. Will drill liquids rich wells. Trading cheaply on reserves and on cash flow basis. Doesn’t have appeal. Dead money for the next 4 to 5 months.

2012-01-24

PAST TOP PICK

1.740

Hap (Robert) Sneddon FCSI

(A Top Pick June 24/11. Up 95.9%.)

2011-12-16

BUY

1.650

Bill Harris, CFA

Gas doesn’t seem to have a floor. Press it highlighting downside from flacking.

2011-12-13

BUY

2.000

We had a pitch change in the rise in September. It’s hard to do technical analysis on ones like this because it has more fundamental upside.

2011-11-15

BUY

2.510

Laura Lau

Spun out their tank business, which is why the stock price has dropped. Company is about 90% gas. They can make money with the present gas prices and they produce about 4600 barrels a day and will be exiting at 6000 barrels a day. A lot of great growth and is reasonably priced.

2011-11-08

TOP PICK

9.030

(A Top Pick June 24/11. Up 65.4%.) Spinning off their specialty tank business. One of the best wrote stories she has seen. Now a $60 million EBITDA. Guiding $130 million for the tank business in 2012, which is more than double the current year's growth. Growth phase is still very early. More competition coming but they have the first mover advantage. Expects a current yield of 12%.

2011-09-29

HOLD

9.400

Michael Smedley

A very fashionable stock. Excellent management. Great scope for increasing.

2011-09-27

BUY

9.400

Allan Jacobs

Spinning off their oilfield services company. Gas company will be in 2 parts. Will be paying a dividend of $1.08. Buying this, you get the gas business for free.

2011-09-27

HOLD

8.920

Joanne A. Hruska, CFA

Has held for many years. She may sell above $10.

2011-09-12

TOP PICK

8.920

Robert Lauzon

Probably the biggest holding in many of his energy portfolios. Likes the liquid rich gas. Developed a service company within the operating company.

2011-09-12

Comment

9.370

Jason Donville

Just spun off their services division and the stock took off. The producer left over is still a pretty good company. He is not big into Junior/intermediate producers right now from a technical point of view. He would come back to this one when he got excited about the sector.

2011-09-08

BUY

8.950

Jamie Horvat

Just announced they are going to create a new company and he just added more to his holdings. Expect a lot of analysts will up there estimates because of the spin off. Expect analysts will have the combined value of the 2 companies at $10-$12.

2011-09-06

BUY

6.620

Jason Donville

Thinks this goes higher and someone takes it out.

2011-08-17

TOP PICK

6.560

Experiencing tremendous growth in their service business Poseidon. Expect they will do $120 million of EBITDA. He is looking for $9 a share.

2011-08-16

TOP PICK

5.460

(A Top Pick Apr 29/11. Up 2.66%.) Operating in the deep basin of Alberta. Have proprietary technology on 2 energy services. Provide tank services for frac fluids and this division has been growing incredibly. EBITDA expected to be $40 million and to double next year. On the oil/gas side, they've had good results showing from their deep basin and able to pull out strong liquids.

2011-06-24

TOP PICK

4.690

Explosive growth forecast. Has transformed from nat gas to service company. 60% upside. Worth $7.75 a share.

2011-06-08

TOP PICK

5.000

Robert Lauzon

Pulling out natural gas but the liquids they are getting really pays for the wells. Near Peyto (PEY-T). Developed a service company handling frac fluids. Company can be valued 2 ways, exploration and production of natural gas is worth $3 to $4 a share and the frac side is worth $2 to $3.

2011-05-09

TOP PICK

5.270

Started Poseidon division that provides tanks for frac fluid storage handling and this has been growing by leaps and bounds. Going through a massive growth rate right now.

2011-04-29

TOP PICK

4.970

Andrew McCreath

Was a low liquids western Canadian gas play but have now got into the tank storage business called Poseidon and it’s on fire. There will be an update on Poseidon in the next week or two. Expecting EBITDA of $12 million in Q2 this year and probably 60-65 million next year. Target of $6.50-$7.00.

2011-04-28

TOP PICK

4.500

Used to be natural gas with a small service business but is now a service company with a natural gas business. Getting tremendous traction in a business line, Poseidon. At the end of March they had 80 units in their tank business, a highly cost effective way of storing water for frac wells. Conservatively $6 share price.

2011-04-13

TOP PICK

1.840

Dennis Da Silva

Good management. In Alberta and produce around 3,500 barrels a day. Gas focused. Likes the Woolwich high impact wells they are drilling and the clean balance sheet. Also have a frac fluid handling business, which generated a $2 million EBITDA in December.

2011-01-13

TOP PICK

1.830

Dean Orrico

Gas exposure but some good liquid exposure as well. Because of managements views on gas prices have done very little drilling, but are starting to drill again.

2010-12-09

Comment

1.270

Good suite of assets but unfortunately have had some poor drilling results in zones that have had positive results surrounding them, indicating technical team is not up to speed. Also leverage is high. Dead money for 3 to 6 months.

2010-10-27

BUY

1.650

Jason Donville

Can’t believe it is down to 1.65. An excellent company with a fantastic track record of increased production. It’s a pure Natural Gas play. Not a lot of downside at this level.

2010-03-23

DON'T BUY

1.980

Mason Granger

Pretty good spread of deep basin gas assets. More risk with small companies drilling really expensive deep wells.

2009-11-03

SELL

1.870

These are great long-term gas assets. At this point in this gas price environment they don’t have the cash flow to drill a lot of wells.

2009-09-22

PAST TOP PICK

1.860

(A Top Pick June 19/08. Down 70.11%.) Felt in July that Nat Gas had peaked and Sold her holdings. Bottomed but isn't going anywhere. It's small with a couple of thousand BOE's a day. Doesn't have the cash flow for exploration. If you own, consider for tax loss selling.

2009-06-01

WAIT

2.000

Glenn MacNeill, P.Eng.

Good company, but gas weighted. Keep an eye on this for over the next 6 months and you will have a better opportunity.

2009-05-20

BUY

1.520

Joanne A. Hruska, CFA

Was hoping to create a new core area for themselves but it didn’t work out. They have many years of inventory, is cheap, and could be a takeover target.

2009-04-15

Comment

1.100

Likes the assets. Their core area is Ansell/Sundance in Alberta. Have a large land position with great drilling results, which allows them to keep their operating costs down. Healthy balance sheet. As commodity prices turned they can very quickly bring new production on.

2009-01-20

BUY

1.990

Gas. Great land position. Core play is at Ansell/Sundance, which is a very solid play with regards to return on capital and operating costs. Healthy balance sheet. Good management.

2008-10-30

TOP PICK

6.190