STOCKCHASE

(A Top Pick Feb 1/11. Down 23.43%.) Colombian oil/gas stocks tailed off in the correction last year. Probably because they were too promoted. Have a process that they might employ in the fracking area. Thinks it is very solid longer-term.

2012-02-07

PAST TOP PICK

21.980

(Top Pick Feb 1/11, Down 35.28%) Whole Colombian territory was on the boil and they came off the boil. In this case there are some analysts that don’t like the company on a promotional aspect.

2012-01-10

BUY

20.560

Doesn't pay a dividend so it is a growth stock. Operates in Colombia. Has taken quite a beating recently. He still likes the company. There were some downgrades in terms of their potential production. It is definitely trading in a Buy range.

2011-12-09

DON'T BUY

20.370

A fantastic growth story in Columbia but right now, the momentum is coming off. They have a depleting asset with all kinds of contract issues. There is no way to know where it is going to come off to.

2011-11-22

BUY

20.870

There are a couple of overhangs on this stock. Infrastructure challenges in Colombia, labour issues and permitting. At this price and valuation it is attractive.

2011-11-15

BUY

24.680

Virgin territory in Colombia, which has turned around politically. Improvement in production has been substantial. They have no problems getting licensing or getting the pipelines in.

2011-10-21

DON'T BUY

25.650

Core value of about $23. Risk (?) value to their upside to their exploration is about $35, so they have about 10% downside but 35% upside. That is not enough given that management's track record in the past year.

2011-08-16

BUY

24.030

Hap (Robert) Sneddon FCSI

Is a name he would start getting back into. Political situation is relatively stable. It doesn’t concern him like Peru. A decent name. Nibble away at it.

2011-07-18

Comment

23.960

Jim Huang

Big oil play in Colombia. The big challenge for them now is that their contract is up for their bread-and-butter fields in the next 5 years. Trying an oil recovery project, which is an unproven technology and it is not known it will work or not. Would be cautious on this for the moment.

2011-07-13

Comment

24.170

Jason Donville

Great cash flows and return on capital but there seems to be a lot of stale bulls (?) in the stock. Thinks it is pretty undervalued. This is a good level for it. Starting to look interesting.

2011-07-11

Comment

25.250

50 day average bouncing around a little but crossed the 200 day in April. Chart shows a downtrend but support is Trying to form at around $25. Would like to see that hold or it could drop to the $20 level. Great risk/reward here. See how the fall goes and if the risk trade comes back on with the whole resource actor making a move back up.

2011-07-06

HOLD

28.680

John Zechner

Missed on a couple of their production estimates in the last 2 quarters and he switched to Petrominerales (PMG-T). There are a couple of Colombian oil plays that look pretty interesting.

2011-05-02

DON'T BUY

28.600

Had an asset where there was an additional royalty where there was a controversy as to if they were clear in telling the street about the additional 18%. This was why the drop in the stock price. Risk/reward is not compelling enough for him.

2011-04-13

SELL

26.470

Bill Carrigan

Had a big drop a couple of weeks ago when reserve levels were disappointing. Chart shows it tried to make a new high 3 times from November to March. The sector is doing rather well but this stock is not. He would stay away from this one.

2011-04-01

DON'T BUY

25.870

Andrew McCreath

He was short and covered a couple of weeks ago. There was a significant decline in reserves added so stock declined. It will be a wounded warrior for a while, so wait on the sidelines.

2011-03-30

BUY

26.700

Peter Imhof

Play on the oil price. Good management. Stock dropped on confusion of how they reported reserves. Good entry point. Will be one of the biggest oil producers in Colombia. Looking for a lot of growth.

2011-03-28

HOLD

27.980

Brian Acker, CA

$41.76 model price, 47% upside. It’s really trying to hold in here. Watch it very. Very carefully because it could go to the $20 level if it break down.

2011-03-23

BUY

27.940

Stan Wong

Has taken a bit of a hit but it moved 7% today. It is a higher beta stock compared to the rest of the energy sector. Likes the earnings momentum. Last weeks results were in line.

2011-03-17

SELL

28.540

Jeff Parent B. Eng. FCSI

Amazing chart. Real big loss of momentum. Not something he would be buying right now. Sell it. There is a loss of support. At the $28 level you will see another $3-4 drop on it. Buy if it breaks above $35

2011-03-11

BUY

32.020

Colombian oil play. Good entry point. Has good long term potential.

2011-02-25

BUY

31.420

Jim Huang

One of the first companies that were successful in South America by developing a heavy oil field and have since got a lot bigger. Have size, flexibility in terms of cash flow and should be a core name for a South American or Colombia name.

2011-02-24

TOP PICK

30.790

One of the biggest oil producers in Colombia. Feels they can grow production 35%-40% this year without any exploration. Also drilling some exploration, which should add to their value.

2011-02-09

Comment

30.790

Strong misunderstanding on their exploration update on 2 areas, where there was some ambiguity. Market over reacted. He just bought at $30. Core NAV is about $26 and risk value is about $40 a share. His downside is about 15% but his upside is about 33%. Will probably Sell around $33 but you can hold into the high $30’s.

2011-02-09

PAST TOP PICK

32.990

Michael Decter

(A Top Pick March 8/10. Up 77.55%.) Still likes at current levels. Developing a huge oil field in Colombia. Stable government.

2011-02-03

TOP PICK

34.430

There appears to be a group mentality developing, which interests him in Colombia because there is obviously room for oil giants in this Market. Thinks this market is moving to a new level. Have good assets in the ground.

2011-02-01

BUY

33.100

There has been a consolidation on the S.A. oils over the last several months. These oil companies are great allocators of capital. This one has a real opportunity to add it its reserves.

2011-01-25

BUY on WEAKNESS

33.520

You are paying for future success and he prefers to get exploration for free. Feels he has missed the easy money in the name.

2010-12-14

BUY

32.040

Dean Orrico

South America exposure. A lot bigger than Gran Tierra (GTE-T) so slower growth but less risk. Mostly oil but some gas.

2010-12-09

HOLD

31.650

Announced a special dividend to be paid to shareholders. If you own, consider taking some of the table but basically it’s a Hold.

2010-11-26

Comment

31.720

Ron Meisels

Beautiful chart. Still above the 200-day moving average. Because it is so far away from the 200-day average of $25, it is possible that it will pull back to that.

2010-11-24

BUY

31.090

Stan Wong

Ranks very high in his models in the top 7%-8%. Great earnings momentum. In the right space, natural gas and oil in Colombia.

2010-11-18

HOLD

30.900

Michael Decter

One of the great success stories in Columbia. Great long term Buy. Chilean and Colombian exchanges are getting together to form a new exchange and this will be listed. The wealth being generated in Latin America sill start to flow into some of the better growth stories.

2010-11-11

PAST TOP PICK

31.560

(A Top Pick Oct 19/09. Up 133.43)

2010-10-27

HOLD

31.560

(Market Call Minute.) Fully valued but the assets they have, have quite a bit of running room. Could see $40 in 2 years.

2010-10-27

PAST TOP PICK

30.000

Andrew McCreath

(A Top Pick Sept 28/09. Up 119.78%.) Now short this stock as he feels it is at ridiculous levels.

2010-10-15

BUY

30.880

Colombia. This is a favourite of his. They are finding oil, oil and more oil. They are only just at the start of production and he expects they will double or triple it in the next few years.

2010-10-13

HOLD

30.250

Jeff Parent B. Eng. FCSI

Was trading in a trend and then a breakout. Looks like a great stock. Volume is declining a bit and is expected near the end of a bullish run. There’s not a lot of resistance in this stock. Use 50-day moving average as a stop loss.

2010-10-08

BUY

27.580

Energy companies that appear to be doing well are the international oils that have particularly large opportunities to increase reserves and production. Well financed and strong balance sheet. Strong management.

2010-09-28

BUY

24.620

A favourite but have reasons for continued optimism. Have contiguous land of about 25,000 acres where there is a lot of prospectivity that could be a huge upside for the company.

2010-07-23

BUY

24.700

A growth company with developments in Peru and Colombia. Very sound management team. They are elephant hunting so as they go along there are some potentially very large targets.

2010-06-21

BUY on WEAKNESS

24.630

Stan Wong

Stock has done extremely well and is currently slightly overbought with the Relative Strength Index. Would prefer to see it closer to the 50 day moving average of around $21.50. Great earnings momentum, good current year growth and very strong next year's growth.

2010-06-17

BUY

21.900

(Market Call Minute.) Good quality name with good torque to the upside.

2010-05-28

BUY

20.700

Jim Huang

Drilling for oil in Colombia. Have grown their production and have a good working relationship with Eco Petro (?). Likes this for the leverage to oil prices. Colombia is a good jurisdiction to do business in. Concerned that the current production contract ends in 2016 so the challenge now is to replace that production through developing other projects.

2010-05-21

DON'T BUY

19.750

Ross Healy

Based in Colombia, which he considers politically unstable. Fair market value as he measures it is quite high but you are paying for it as the stock is at 4X BV, which is about twice what the oil Index is selling at.

2010-05-20

BUY

19.840

Has had a great run but expects it to go higher. Production is ramping up. World-class field in Colombia.

2010-04-16

BUY

19.800

Jaime Carrasco

Likes the Colombian plays. Has this one as an Outperform. Well managed and well financed. Requires patience.

2010-04-14

DON'T BUY

19.490

Columbia has been a hot spot for investments. Because the herd has gone there, the multiples you have to pay are very high. Tremendous oil assets but overvalued stock. (He has a very small Short position.)

2010-03-24

HOLD

20.300

(Market Call Minute.) One of the great 2 Colombia oil stocks.

2010-03-18

TOP PICK

16.750

Michael Decter

In partnership with the Colombian government company. Have had huge production gains. Good pipeline capacity to get the oil to market. High quality with great growth ahead of them.

2010-03-08

HOLD

16.750

Still positive, but it had a good run and is getting to the upper end. Good management team.

2010-03-05

BUY on WEAKNESS

16.750

Nervous about getting into offshore operations. Numbers are good though, so he's still looking at it. Management are very experienced. Columbia seems to be settling down. Wants to buy if it steps back, but it hasn't been stepping back.

2010-02-26

SPECULATIVE BUY

16.440

Martin Hubbes, CFA

Not a particularly cheap stock. The information flow on this stock is going to be lumpy. These guys are elephant hunting if you want to speculate.

2010-02-18

TOP PICK

16.010

Jennifer Stevenson

Still has those huge production increases from drilling on their existing assets. They are doing exploration as well, but you don’t need it for growth.

2010-02-16

WEAK BUY

14.940

Mason Granger

500%+ return in the last year. Great assets and growth profile going into this year. Agreement with Government ends in 2016 and they will have to change to a new property.

2010-01-05

PAST TOP PICK

15.500

(A Top Pick Feb 10/09. Up 129.3%.) Bonds.

2009-12-21

HOLD

14.440

(Market Call Minute) It’s had its move.

2009-11-10

WEAK BUY

14.330

Predominantly gas play in Colombia. Good upside. Colombia is turning out to be one of the most attractive international areas to go for a junior company. If you own, consider taking some profits.

2009-11-09

BUY

14.310

Glenn MacNeill, P.Eng.

Has grown its Colombian production very dramatically over the last little while. Have a lot more drilling to do.

2009-11-06

DON'T BUY

13.310

Craig MacAdam

Exploration/production oil company in Columbia. Has had a really good run. He recently sold his holdings. Doesn't see them being acquired in the near term. Could see it reaching $17-$18 in 3 years if they keep operating as is so you have to wait to get there.

2009-11-02

BUY

13.370

Doesn't see oil collapsing and it can go up. One of the best in the Columbia plays. Rapidly expanding. Large production.

2009-10-26

TOP PICK

13.880

Based in Columbia, 50,000 bpd production. Management team has run the largest oil company in Venezuela. They used fire-flood technology for 25 years and are now applying it to PRE. You will probably see another 25,000 ppd. Good growth and good upside.

2009-10-19

PARTIAL SELL

13.260

Alexander Lane, B Comm, C

4th biggest property in Colombia, which has a lot of oil. Had a good run. In 2016 property goes back to Eco Petroleum (?) so they have to backfill that production, which is not easy. Starting to get a little pricey so would take some money off the table.

2009-09-30

TOP PICK

13.650

Andrew McCreath

Will exit with about 45-50 thousand BOEs a day of heavy oil production in Colombia and believes it will grow 40-45 thousand for each of the next few years. 250 million barrels of reserves and believes there is the potential for this to quadruple over the next 12-15 months. Also feels it may attract investment from Asia. He is Long this and has shorted about $.75 of the U.S. Oil Fund E.T.F. (USO-N) for every $1 of this one.

2009-09-28

BUY

13.160

Columbia is one of the better South American countries to do business with these days. Korean and Chinese companies are sniffing around Columbia and there is a high probability of an acquisition.

2009-09-21

BUY

13.600

John Zechner

(Market Call Minute) Interesting play on Columbian oil. Some growth. Hard to find that in a mid-sized company.

2009-09-08

HOLD

13.800

Jaime Carrasco

Have been doing great work. Management has a very solid business plan and they have a lot of momentum behind them. If you own, consider locking in some profits.

2009-09-04

BUY

12.570

Rick Rule

Has been unusually successful with the drill bit. Geology where they are drilling is very positive.

2009-09-01

BUY

12.920

One of the few stocks where you are going to get substantial production growth this year. Ramping up the Rubiales field in Colombia. Had a fantastic run this year. Short term this could still go up but is starting to lose steam as more people are starting to take profits.

2009-08-14

HOLD

10.720

Dennis Da Silva

Very well run operation. Production in Colombia with exploration in Peru. Significant growth path for production. Pipeline constraints but they are working through that.

2009-07-16

BUY

9.590

(Market Call Minute.) Have tremendous production growth out of Colombia.

2009-06-30

BUY

8.750

Heavy/light oil in Colombia. Widely believed that the company is moving well towards having a pipeline. Great assets.

2009-06-10

BUY

6.440

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

Comment

5.100

A road/pipeline has to be built. Run by two veterans of Venezuela. Heavy and light oil. Thinks it's very strong. You could buy this for a higher future oil price.

2009-03-17

TOP PICK

2.790

Bonds. 20% yield doubles his money in 4 years. Some international country risks. Colombia is one of the better countries in Latin America. Never defaulted on risks. Very under leveraged company.

2009-02-10

TOP PICK

2.890

Paul Gardner, CFA

8% Convertible debenture maturing Aug/13. Conservative way of buying into a stable country, Columbia oil/gas, instead of owning the stock. A free cash flow company. Maintains profitability at $30 a barrel. The only debts are debentures so he gets first call on assets in case of trouble.

2009-01-13

Comment

2.530

A solid name but doesn't see a lot of catalysts given the commodity prices and the preferences given to senior producers. With $70 oil, which he expects in the latter half of 2009, this is a very strong holding.

2009-01-02

PAST TOP PICK

9.870

(A Top Pick Aug7/07. Up 28%.) Building and almost fully integrated oil company in Colombia, which has one of the best fiscal jurisdictions and lowest tax rate. Believes in 1 year it will be producing $1 billion in cash flow.

2008-08-20

BUY

11.830

Peter Hodson

Some political risk in Columbia, but shouldn’t stop you from owning it. Very well run company. He is looking to re-buy it. One of the biggest companies on the TSX in Oil.

2008-05-26

TOP PICK

1.220