STOCKCHASE

(Top Pick Sept 5/08, Down 20%) Now you are going to be part of a larger entity. There is a lack of pure play large cap oil stocks in this country that don’t pay a distribution. They will have an enhanced market being larger.

2009-09-22

HOLD

14.600

Light oil. Likes the Petrobakken story. Probably the most profitable play in Western Canada. Well managed. Will grow their production substantially and has some great opportunities to do that.

2009-09-18

STRONG BUY

14.910

Steve Carlin

Really likes this stock. Merging to create a new entity called Petrobakken. Over the next few years, he thinks they can really surface some value in the combined entity.

2009-09-16

HOLD

14.990

Acquiring Petrobank Energy (PBG-T). She will be holding her shares as she is looking for something in the $16-$17 range. If oil prices continue to be strong, her target level could be surpassed, as Petrobakken will be a very pure play as an oil producer.

2009-09-14

Comment

15.340

Petrobank (PBG-T) has a buyout on it at $14.75 and it closed today at $15.34. It may be because people think a better offer may come but he doesn't think it is too likely. He recommends tendering to the offer, as it is very reasonable. New combined entity will be a good one to own.

2009-08-21

BUY

13.600

Andrew McCreath

Great company. Believes there is upside and lots of growth in the asset.

2009-08-18

BUY

13.340

Petrobank Energy (PBG-T) is spinning off its Bakken properties to form a new company called Petrobakken Energy along with Tristar properties. Think it will be very good. Have a great track record.

2009-08-11

BUY

13.660

Acquiring Petrobank Energy (PBG-T) and Petrobank will be a holding company with its sub Petrobakken Energy being with TriStar. Trading at a discount.

2009-08-10

BUY

13.740

David Cockfield

Acquiring Petrobank Energy (PBG-T). Petrobank will roll out a new company called Petrobakken Energy. Shareholders will receive $3.45 in cash and about 4/10ths of a share of the new company. Numbers and technology in the Bakkens keeps getting better.

2009-08-07

TOP PICK

13.950

David Burrows

The proposed transaction with Petrobank Energy (PBG-T) will take their Bakken oil assets and merge them with their own and create an institutional size light oil Bakken pure play.

2009-08-06

HOLD

14.110

Don Lato

Acquiring Petrobank Energy (PBG-T) conventional oil assets. Petrobank will roll out a new company called Petrobakken Energy. Stock went up 22%-23% on the news. Will probably turn out to be about $3.75 in cash and about .4 of a share of the new company.

2009-08-05

BUY

11.910

This could go significantly higher. Nice pure play on the Bakken where you want to be. Probable takeout candidate.

2009-07-24

BUY

11.720

Dean Orrico

In the Bakken play in Saskatchewan. This area could see some consolidations. Good leverage to oil.

2009-07-23

PAST TOP PICK

10.900

(A Top Pick June 16/08. Down 47.36%.) Oil Weighted and in the Bakkens. Still a Hold.

2009-06-24

TOP PICK

12.000

Low risk and high growth, Saskatchewan oil focused volumes. Made a good acquisition of some Bakken properties.

2009-06-01

HOLD

11.000

Could be a $1 or $2 correction in this one.

2009-05-01

DON'T BUY

33.500

Peter Hodson

Great company if gas prices recover. Trend in gas prices is pretty scary.

2009-04-30

PAST TOP PICK

11.170

Robert McWhirter

(Top Pick Apr 8/08 Down 23%) Analysts continue to shave their earnings estimates. Doesn’t rank well due to the decline in the commodity price. Far too much Natural Gas in storage.

2009-04-29

WAIT

9.700

Market Call Minute. Wait if oil prices come off a bit.

2009-04-15

Comment

9.570

If you are willing to take a 2 to 3 year time horizon this is a company with a great basin in the Bakkens. They know what they're doing and have good cost controls.

2009-04-06

Comment

10.000

Veronika Hirsch

(Market Call Minute.) Oily so a buy if you think oil is going higher.

2009-04-02

BUY

9.800

Dennis Da Silva

Closely associated with Crescent Point (CPG.UN-T), which is now converting to a corp. Recently made a sizable acquisition from Talisman (TLM-T) in southeast Saskatchewan. A premier Bakken player that is still generating profitable returns, even at $40 oil.

2009-03-26

PAST TOP PICK

8.040

Robert McWhirter

(A Top Pick April 8/08. Down 44.6%.) Up 26% at Sept 8 sell point. Still early for a Buy. Seasonality is in favour of the “energy trade” and this is one that is not yet showing up well. Earnings are down.

2009-03-11

BUY

8.000

Don Vialoux

All oily stocks in Canada are showing very good technical signs of trying to bottom. This one came very close to testing the bottom of its trading range last 4 months. On a minimum expectation you can expect it to go to near the top of its trading range, around $13. Timing is important and you want to be in this between now and the end of May.

2009-03-10

BUY

7.800

Buying Talisman’s Saskatchewan and Montana assets in conjunction with Crescent Point Energy (CPG.UN-T). Very positive move.

2009-03-06

SELL

7.920

Brendan Caldwell

(Market Call Minute.) Doesn't like energy that much.

2009-03-05

DON'T BUY

10.110

Bill Harris, CFA

Very well managed company. It is the one company that paid its way into the Bakken shale but hedged and did it intelligently. The only problem is that the market is not giving you a discount for the hedge and you're not getting it that cheap. Would prefer something like Ryland Oil (RYD-X) or Painted Pony (PPY.A-X).

2009-02-10

BUY

10.800

Dean Orrico

(Market Call Minute.) Looks like good value with good exposure to Bakken oil.

2009-02-06

BUY

10.020

Likes it very much. One of her core holdings. A great way to play light oil in Western Canada and Saskatchewan.

2009-01-20

DON'T BUY

10.470

Light oil producer with some gas. One of the stronger names in the juniors. His bias would be to weight the seniors more heavily in your portfolio.

2008-12-03

Comment

10.560

Excellent management team. Could be a takeout target by one of the other players in the Bakkens project.

2008-11-14

BUY

10.910

Michael Decter

One of the really good, small energy companies out there. Great drilling locations and they are wonderful at executions. Long-term hold and will be a wonderful company to own.

2008-11-07

BUY

10.850

Oil. Really attractive at this price range. Has significant production and cash flow. Massive land position in the Bakken area. Healthy balance sheet.

2008-10-30

PAST TOP PICK

14.630

(A Past Top Pick Nov 25/07 up 106%) Have done a great job. Have years of possible holes to drill. Crescent Point could buy Tri star, giving a little bonus.

2008-09-29

Comment

17.430

Saskatchewan light oil Bakken play. She is waiting for valuations to come down relative to its peer group. Good company and good management.

2008-09-12

TOP PICK

18.350

Very low risk in production as they have over 500 Bakken locations. Huge upside and huge inventory. Low risk and reasonable valuation.

2008-09-05

HOLD

21.070

Peter Hodson

(Market Call Minute.) A $2 billion company that is starting to get into the next level.

2008-08-27

BUY

18.020

(Market Call Minute.) Likes this one very much. Bakken play. Pulled back with oil.

2008-08-18

BUY

18.200

(Market Call Minute.) Likes this one a lot. About 21,000 barrels a day of production. Good management team. Grown by acquisitions.

2008-07-18

TOP PICK

18.680

Good fundamentals. Not that expensive relative to others. In the Bakken oil region of Saskatchewan. Could be a candidate for a takeover. Have a good record of exploring.

2008-07-16

TOP PICK

20.990

90% oil. Trades at a discount as opposed to its peers. A Bakken play. Possible acquisition.

2008-06-16

BUY

20.170

Don Lato

About 75% oil but most of their new explorations are in natural gas. Has been a great performer since its merger last year. Involved in a number of plays, primarily in Canada including the Bakken and Montney areas. Still cheap at about 4.5X next year's cash flow.

2008-06-11

HOLD

20.160

Great performer and a great consolidator of oil companies. Will continue to grow.

2008-06-09

BUY

17.550

Andrew Cook

They are in the Bakken play in Manitoba, the new hot spot. Thinks the stock will go a lot higher.

2008-05-29

BUY

18.290

Peter Hodson

Likes the people running the company. Believes gas is breaking out. Any gas stock is quite buyable.

2008-05-26

BUY

15.740

In the Bakken area in southeast Saskatchewan. Had acquired tons of land so they have multi, multi, multi-years inventory of drilling. With oil prices where they are at, she thinks the stock should continue to go higher. If you are a trader wait for a pullback to the $14/$15 area on an up trend line. Not grossly overvalued.

2008-04-14

TOP PICK

14.490

Robert McWhirter

Continues to grow through acquisition and at the drill bit. Production of about 20,000 barrels of oil equivalent per day. Light oil play in Bakken Saskatchewan. Have a large land inventory that has been paid for, which will keep them going for the next 3 plus years.

2008-04-08

HOLD

14.750

Has done fabulously well since its acquisition of Real Resources. They are in Saskatchewan, which tax regime-wise, is a lot more attractive than Alberta. The further acquisitions they have made on the oil side have been very attractive. Thinks it has some further ground on the upside but has had a massive run so wouldn't chase it.

2008-03-07

HOLD

12.660

Has done well since the merger with Real Resources. Operationally, management is very confident. Have assets in Alberta and Saskatchewan. Has a mix of oil and gas. Good balance sheet.

2008-01-24

Comment

12.980

Continue to build up their portfolio of the Bakken trend in Saskatchewan. The stock has moved up quite a bit after their merger with Real Resources and thinks there is 30% to 40% upside.

2008-01-02

BUY

12.380

(Market Call Minute.) Have some great assets in Saskatchewan. Good story.

2007-12-19

BUY

8.320

An oily weighted name that is tarred with the same brush as a gas weighted name and sold off with them. A buying opportunity.

2007-09-26

TOP PICK

8.090

Acquired Real Resources in the last couple of months for stock and should be worth $11. Will only be marginally affected by the Alberta political situation.

2007-09-25

HOLD

8.020

Gas weighted. He is not covering it as it has an enormous amount of investor coverage already. Well managed.

2007-09-11

BUY

4.740

Has been hit by the natural gas prices. Will be merging with Real Resources (RER-T) in the next few weeks. This will make it a lot larger entity. Good management.

2007-07-20

HOLD

5.040

Management is very well respected, and have done a very good job. Stay with it.

2007-06-04

BUY

5.390

75% oil. Core area is in southern Saskatchewan. Grade A management. Inexpensive at 4-4.5 X cash flow.

2007-05-15

HOLD

5.020

Had a rocky ride. Good management team with an under promise/over delivery strategy. Would worry about the exit strategy, which in the past, would have been as an income trust.

2007-02-21

TOP PICK

5.300

Robert Toole

About 75% oil and would normally not be one he would be truly interested in. He is looking past the commodity price to their ability to grow their underlying production, reserves and cash flow. Very strong management team. Very strong balance sheet.

2007-01-18

BUY

6.400

Bill Harris, CFA

First-rate team. During this commodity depression in western Canada, they are able to build assets and once the commodity turns around they’re going to come firing out.

2006-09-18

WAIT

7.000