| BUY | | CGX Energy Inc. | OYL-X | 0.630 | Just raised some money and will be undertaking a 6 well program. | 2004-07-30 | |
| TOP PICK | | Oilexco Inc | OIL-T | 2.860 | Have announced their fourth successful well. Tests flowed 3350 barrels a day. Expects further drilling this fall. Could be tied in next year. | 2004-07-30 | |
| TOP PICK | | UTS Energy | UTS-T | 0.690 | There have been some recent developments which make it quite exciting. Just bought its US parent out. Have received approvals for their project. | 2004-07-30 | |
| TOP PICK | | Loon Energy | LEY-X | 0.280 | Have just started their first well in Slovenia to be followed up by a second. Results should be known in a few weeks. Negotiating to expand their fields in that area. | 2004-07-30 | |
| TOP PICK | | AltaCanada Energy Corp. | ANG-X | 0.590 | Have recently branched out into northern Montana. Have just started drilling and expect to tie in gas production later this year. | 2004-07-30 | |
| TOP PICK | | Canadian Superior Energy Inc | SNG-T | 1.830 | New COO who has brought in some good people. Changing their focus to western Canada but will continue working on the East Coast. Just acquired another block in Trinidad. | 2004-07-30 | |
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