STOCKCHASE

Thrashed this month. Could be short-term headwinds, but this is the number one takeout target. Trading at a discount. Balance sheet concerns, so he thinks they will cut cap-x in half. Tip toe in.

2012-01-24

PAST TOP PICK

12.100

(A Top Pick Dec 14/10. Up 52.47%.) Still a Buy. Takeover candidate.

2011-11-30

PAST TOP PICK

11.700

(A Top Pick Aug 24/10. Up 81.52%.) Very prospective natural gas project in the Montne region. 2 weeks ago they put out a Montne well at 24.7 million a day. These wells produce about twenty barrels of liquid per million. Expect it will get sold at $18-$20.

2011-10-13

TOP PICK

12.500

(A Top Pick Aug 24/10. Up 93.17%.) Highly economic gas. Breakeven price of $1.50 per MCF. Expect they will get sold for $18-$20 in the next year.

2011-08-16

TOP PICK

11.960

Been a top pick for a year or a year and a half. Undervalued. Sitting in the sweet spot in the Montney area. $1.50 breakeven in this play. Is cheapish on current production. $20 fair value and a take-over target.

2011-06-08

Comment

8.960

Mason Granger

Was very much a south Saskatchewan oil but over the years have migrated more. Now more on what’s going on in their acreage in north east B.C. Have multiple TCF’s of gas in place in some of the best Montne. Unfortunately their well costs are about $6 million each, which can be an overwhelming burden to a small company. Good little company and have always run with a solid balance sheet. Well run.

2011-05-04

PAST TOP PICK

10.920

(A Top Pick Dec 14/10. Up 41.82%.) Their production plus the Bakken acreage is worth $8.50 a share. Looking at $15-$17.50 a share.

2011-04-13

HOLD

10.780

Was strictly a Bakken player but have now diversified into North East BC for gas. Prefers in the $7-$8 range but is holding her position.

2011-02-25

BUY

10.300

Big winner and stock is now starting to discount a little bit of the upside. Stock is worth about $8.50 based on existing production. And about $2 on the exploration side on 2 plays in Saskatchewan. Gas asset is worth about $130 million and the economics on this are phenomenal. Break-even price is about $1.15 MCF. Looking for about 50% upside.

2011-02-09

Comment

9.900

Gas weighted. Crescent Point (CPG-T) sold its 11.5% position probably to free up some cash to make an acquisition. Shouldn’t affect the stock too much. Expect it will eventually be sold.

2011-01-17

TOP PICK

7.700

(Top Pick Aug 24/10, Up 19.72%) It’s cheap based on just existing production and you get all the exploration for free. 45% light oil. Has exceptional upside.

2010-12-14

BUY

7.890

Jason Donville

Management is committed to fast growth and they are making things happen..

2010-12-06

HOLD

7.400

Likes the name. Has exposure to some prospective oil fields. Had a few misses. Grooming it to Sell.

2010-11-26

PARTIAL BUY

6.500

Really likes this name. Have a core oil production out of the Bakken. Trades around 7X enterprise value to cash flow to next year’s production. Real upside is in the natural gas assets in northeast BC. Good Risk/Reward. No need to rush, just pick away at it.

2010-10-27

DON'T BUY

5.860

James Hodgins

Doesn't follow this closely, but in his quantitative strategy, he has a Short position in the name.

2010-10-07

BUY

6.000

Jason Donville

Focused on very rapid production growth. A lot of the junior names have been out of favour over the summer and have just started to come back to life.

2010-10-04

TOP PICK

6.440

We are going into a seasonably weak market for oil and gas. A story that is not on the radar screen of most investors.

2010-08-24

BUY

6.390

Pretty well run company. Sees the stock as being a potential multi-bagger. You could buy at 6.50 and hold for two years.

2010-06-10

BUY

6.490

Jason Donville

Pulled back with all the other oil/gas stocks. High-growth play that is looking for home runs. Good management. Probably a little expensive but has some pretty ambitious targets. Good name for the long run but be prepared to ride this storm out.

2010-05-14

BUY

6.190

Mason Granger

Have a mixture of light oil assets in the Bakkens. Great balance sheet. Very debt averse.

2010-05-07

WEAK BUY

7.650

Jennifer Stevenson

Hates A/Bs (classes). She would not buy the ‘B’s. They are not liquid enough to get the participation from results as the ‘A’s. This is an expensive stock, but it doesn’t mean it wont go up.

2010-02-16

HOLD

6.300

Haven't purchased any recently but also have not sold. Growing into their price with more success in the Bakken. Have also brought in a whole new core area in northeast BC, which will be focused on gas.

2010-01-13

HOLD

4.350

A Saskatchewan Bakken play. Very well run. Valuation is getting a little higher so she would not be buying more herself. Have a tract of land right in the heart of the Montney area of BC.

2009-09-14

HOLD

2.800

Bill Harris, CFA

(Market Call Minute.) Great company but fully valued.

2009-05-19

HOLD

2.600

Will keep growing. If valuation keeps continues to grow, lighten your holding.

2009-04-15

BUY

2.550

Dennis Da Silva

(Market Call Minute.) Seriously looking at buying this one again. Gives you some good exposure to northeast BC as well as the Bakken.

2009-03-26

BUY

1.400

Crescent Point (CPG.UN-T) owns 20%. $10 million in cash and no debt. Very cheap.

2009-01-16

HOLD

1.300

Not a bad company. Decent management team and some decent assets. Can't see any visibility.

2008-12-03

SELL

2.550

(Market Call Minute.) Unless you know something about a merger and acquisition he would Sell.

2008-10-22

BUY

3.650

Oil in the Bakken region of Saskatchewan. Crescent Point Energy (CPG.UN-T) recently set up a company called Shelter Bay. This company is a part of that. Still likes this company.

2008-09-12

BUY

7.800

Reasonable chance it gets taken out. Pretty good land position and decent balance sheet. Showing some strong production growth and one of their positions is in the Bakken area.

2008-06-16

PAST TOP PICK

5.220

(A Top Pick Dec 5/07. Up 69%.) Picked because the Bakken region in Saskatchewan was hot and the stock was overlooked. Crescent Point Energy (CPG.UN-T) just bought 20% of their stock.

2008-04-14

BUY

3.900

Michael Smedley

(Market Call Minute.) Very small cap and it is in the Bakken play in Saskatchewan.

2007-12-12

TOP PICK

2.900