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| Joanne A. Hruska, CFA of Aston Hill Financial |
|---|
| Suite 3400, Bow Valley Square II |
| 205 - 5th Avenue S.W. |
| Calgary AB |
| T2P 2V7 |
| (403) 770-4800 |
| Joanne A. Hruska, CFA's website |
| Fax: (403) 770-4850 |
| info@astonhill.ca |
| HOLD | NAL Energy Corp | NAE-T | 8.980 | Would like to be cautious. They have wonderful potential. She sees their debt levels getting high. See how the balance sheet shapes up in the quarters to come. | 2011-09-12 | ||
| BUY | Provident Energy Ltd | PVE-T | 8.170 | One of those stocks she loves. Bought in last two or three months. Spun off most of oil and gas production and are focusing on mid-stream. Less volatility in cash flow and earnings. They are relatively new in this mode and are relatively unknown. You are going to see multiples going up and that’s why she has been buying it. | 2011-09-12 | ||
| WAIT | Schlumberger Ltd. | SLB-N | 72.380 | Has traded in the last year. Bought last summer at 10-11x earnings. 5 Year average is 17 with 14-21 standard deviation. They are at 14 now. We are getting closer to range where she wants to buy it. People are scared of investing in the energy space but the service sector is absolutely on fire. Close to record earnings in the last quarter and quarter before. They are leader in the space. | 2011-09-12 | ||
| WAIT | Suncor Energy Inc | SU-T | 28.510 | Is a name she would recommend for long-term clients. Baring a European that is not already priced into these stocks, you are getting all of the international assets for free. The price is only for the oil sands. A few months of volatility to come. | 2011-09-12 | ||
| PAST TOP PICK | Williams Cos | WMB-N | 25.860 | (Top Pick September 13/10, Up 36.78%) | 2011-09-12 | ||
| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Market: Factoring in over the next couple of years $75-$95. With what’s going on in Europe, it is a big potential problem for markets, but she has not had to change her forecast. A lot of energy companies are using $65 to $70 as to where problems occur. Gas she is pricing at $4.50 in a year. She is not in the bearish camp. Shale gas can decline 75% in the first year. It may not be everything that everybody things it is. | 2011-09-12 | ||
| WAIT | Daylight Energy Ltd | DAY-T (Dead) | 6.880 | Similar to NAE. Sold it in recent months due to debt levels. Yield may not be as safe. They have a lot of interesting plays. Watch for another quarter or two. | 2011-09-12 | ||
| WAIT | Penn West Petroleum | PWT-T | 17.080 | They own a lot of land with a lot of resource potential. She sold after 2009 because it went up so much and will get back in to it in the future. | 2011-09-12 | ||
| PAST TOP PICK | Essential Energy Services Ltd. | ESN-T | 1.780 | (Top Pick September 13/10, Up 37.98%) | 2011-09-12 | ||
| TOP PICK | Patterson UTI Energy Inc. | PTEN-Q | 22.710 | 4 Billion market cap. Service company focused in US. US based land drilling and pressure pumping. The hottest sector in the last couple of years. 8x earnings. Little bit of yield. Growth is unbelievable. Last few quarters blowing estimates out of the water. She started buying a couple of years ago. | 2011-09-12 | ||
| PAST TOP PICK | RMP Energy | RMP-T | 2.350 | (Top Pick September 13/10, Down 3,16) Sold about 8 months ago. | 2011-09-12 | ||
| HOLD | Open Range Energy Corp. | ONR-T | 8.920 | Has held for many years. She may sell above $10. | 2011-09-12 | ||
| TOP PICK | Legacy Oil + Gas Inc. | LEG-T | 10.370 | Oil company that used to be a darling. People chose to sell off oil. Aggressive management team – increased production. Trading at less than pier group, but used to trade at a premium. People are going to want to buy oil for the long term. Thinks it will eventually be taken over. | 2011-09-12 | ||
| TOP PICK | Renegade Petroleum Ltd. | RPL-X | 2.830 | Focused on long life oil plays. Just over 3 times earnings. Moving into North Dakota. People will want to purchase companies like this. They have a great valuation. There have been a lot of Asian companies sniffing around different companies, trying to get a hold of Canada’s reserves. | 2011-09-12 | ||
| BUY | Crocotta Energy | CTA-T | 2.580 | Owned for many years. Have new discoveries and increased production dramatically. Used to be very, very cheap. Has gone from 2 to 3 and a bit times cash flow as a multiple. Will keep holding. | 2011-09-12 | ||
| Comment | Enerplus Corp | ERF-T | 31.050 | Have done a good job over many years. 4th quarter results were nothing special. Chart looks like it is breaking down a little and if you are a holder you should be cautious. If you see a big break down, consider taking some off the table. Dividend should be fine. | 2011-02-25 | ||
| HOLD | Niko Resources | NKO-T | 82.600 | Gas producer in India. Just had great news that BP (BP-N) was buying into their joint venture. This should add some expertise in the offshore and gas marketing. | 2011-02-25 | ||
| BUY | Precision Drilling | PD-T | 11.390 | Has a lot of drilling rigs in the oil service sector. She has been very bullish on this sector for the last 6 months. She is still buying. | 2011-02-25 | ||
| TOP PICK | Suncor Energy Inc | SU-T | 44.900 | Not trading at as a good a valuation as some of the mid to large cap energy stocks. 4th quarter has a strong beat on their refining, which she has been strong on. You may be able to get it cheaper if it pulls off a bit. Produce from Libya and Syria, which are potentially difficult but this is not a large amount of their production. | 2011-02-25 | ||
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| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Oil. She uses OPEC Spare Capacity numbers, which indicated a potential for some problems in 2 or 3 years and prices might spike. Present middle east scenario could move the time-line a little bit shorter and could see some price hikes that could be quite dramatic if oil was cut off. Was not expecting $150 oil for 3 years but it could now be sooner. Has been adding names that were down or hadn’t moved in the last few days. | 2011-02-25 | ||
| PAST TOP PICK | Fairborne Energy Ltd. | FEL-T | 5.480 | (A Top Pick Jan 13/10. Up 0.18%.) Starting to pick up some steam in the last couple of weeks with some news that it had. Still a Buy. | 2011-02-25 | ||
| PAST TOP PICK | Pengrowth Energy | PGF-T | 12.480 | (A Top Pick Jan 13/10. Up 23.73%.) Well positioned with much potential for different resources in the western Canadian basin. Have a lot of work to do. Looks like it is starting to head up. She has been selling a little recently because she had a good gain and in moving into other names. | 2011-02-25 | ||
| Comment | BlackPearl Resources Inc | PXX-T | 7.860 | Heavy oil play. Good management team. Some feel they have a project that could be better than their previous one. Good experience a lot of growth, especially with strong oil prices. A little more expensive on a cash flow basis than its peer group. If you value it on a Net Asset basis, people expect they can really grow the assets. | 2011-02-25 | ||
| HOLD | Painted Pony Petroleum | PPY.A-X | 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 | ||
| PAST TOP PICK | Twin Butte Energy | TBE-T | 3.030 | (A Top Pick Jan 13/10. Up 126.36%.) Still not expensive. | 2011-02-25 | ||
| WATCH | PetroBakken Energy | PBN-T | 22.150 | Started as a Bakken oil player in Saskatchewan and have now diversified into Alberta. Stock was in a downtrend for quite some time but now stabilizing. Valuation is not too bad on a cash flow basis. Fighting some declines in some of their Bakken production and she is monitoring to see if she will invest in it. | 2011-02-25 | ||
| BUY | Renegade Petroleum Ltd. | RPL-X | 4.450 | 96% light oil and grew production 60% from 3rd quarter to 4th quarter. Good management. Price to cash flow multiple is relatively inexpensive versus its peer group. | 2011-02-25 | ||
| BUY | Reliable Energy | REL-X | 0.465 | Small cap higher risk story. Had potential to extend their Saskatchewan Bakken play east and had some early success there. Will also be coming out with some more information on the Alberta Bakken play, which is a hot play moving into Montana. Good catalysts. | 2011-02-25 | ||
| TOP PICK | Tuscany International Drilling | TID-T | 1.920 | Relatively new IPO at $1.50 last year. Experience management. Drilling rigs in South America. Huge growth. Using next year’s earnings multiples, they are drilling at less than half of their competition. Not widely known. | 2011-02-25 | ||
| BUY | Trafina Energy | TFA.A-X | 0.500 | Gas play but are moving towards some oil weighted properties. On the cusp of hopefully making investors some money. Speculative. | 2011-02-25 | ||
| TOP PICK | Fairwest Energy Corp | FEC-X | 0.280 | Very tiny, very risky small cap. A junior producer that had way too much debt for years. Have 450 barrels of production. Trading cheaply on a cash flow basis but have a new farm-in who are drilling 5 horizontal oil wells to test some new sexy resource plays. They don’t have to put up any money. | 2011-02-25 | ||
| PAST TOP PICK | Advantage Oil & Gas Ltd | AAV-T | 6.570 | (A Top Pick Sept 14/09. Down 6.38%.) | 2010-09-13 | ||
| WATCH | Husky Energy | HSE-T | 25.990 | Started looking at this one. New CEO has started to make some changes. Can't continue to over promise and under deliver. Also wants a little more clarity on the Asian assets. Recently made an acquisition indicating they want more growth in Western Canada. Have 3 hot plays including the Shaunevon, Viking and Cardium. 4.75% yield. | 2010-09-13 | ||
| BUY | NAL Energy Corp | NAE-T | 11.460 | Recently purchased this one. Having some excellent success in the Cardium play. Will have to come up with more clarity in their conversion to a Corp. Good valuation. | 2010-09-13 | ||
| TOP PICK | Williams Cos | WMB-N | 19.680 | Feels the market has mispriced some assets. Current stock price valuation basically comes from pipelines and high yields from Williams Partners (WPZ-N). Also have another division of US natural gas production assets and facilities of about $13 a share that are not included. | 2010-09-13 | ||
| PAST TOP PICK | Crew Energy Inc. | CR-T | 17.450 | (A Top Pick Sept 14/09. Up 115.52%.) Sold out of this one but may go back in sometime. | 2010-09-13 | ||
| Comment | Delphi Energy Corp. | DEE-T | 2.550 | Gas weighted. Valuations are reasonable compared to its peers. Good team. You have to decide whether you like gas or not. She can see another 30%. | 2010-09-13 | ||
| PAST TOP PICK | Rock Energy Inc. | RE-T | 4.460 | (A Top Pick Sept 14/09. Up 103.18%.) Sold out of this one but may go back in sometime. | 2010-09-13 | ||
| STRONG BUY | Anderson Energy Ltd. | AXL-T | 1.120 | Gas weighted but has turned around and working on a neat play in the Cardium. Large land-base in Pembia-Cardium area. Expected to drill a lot of wells between now and the end of winter. Excellent valuation. | 2010-09-13 | ||
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| TOP PICK | Essential Energy Services Ltd. | ESN-T | 1.420 | Believes there is a lot of opportunity in the mid-cap oil services side. A lot of them are increasing their revenue year-over-year. Q2 revenues were almost double Q2 2009 revenues. No debt. Stock is not started to move yet. | 2010-09-13 | ||
| BUY | Twin Butte Energy | TBE-T | 1.310 | New management team, which consolidated some companies. Some heavy oil exposure, which has not been as favourable recently because of pipeline leaks. Good management. Looking for over $2. | 2010-09-13 | ||
| TOP PICK | RMP Energy | RMP-T | 2.500 | Gas name but have introduced a new play in Alberta. Drilled 3 wells and 2 of the 3 had very high oil production. | 2010-09-13 | ||
| WAIT | PetroBakken Energy | PBN-T | 21.940 | Large footprint in the Saskatchewan one Bakken play. Large land position through consolidation. Valuation was a little rich and is now starting to be an averagely valued stock. Would like to see continued operation improvements and for the stock price to settle. | 2010-09-13 | ||
| BUY | PetroMagdalena Energy | PMD-X | 0.400 | Recently bought this. Could well results in Colombia. | 2010-09-13 | ||
| HOLD | Seaview Energy | CVU.A-X | 1.150 | Good management and good balance sheet. New Cardium oil play seems to be quite promising. Bit early so not for everyone. | 2010-09-13 | ||
| HOLD | Advantage Oil & Gas Ltd | AAV-T | 7.370 | Gas focused. Not buying any right now but continuing to old. Have a fantastic Montney property at Glacier, which has good potential. | 2010-01-13 | ||
| HOLD | Connacher Oil and Gas | CLL-T | 1.500 | Have oil sands going for them. With the current higher oil prices they will be making a lot more money. On track with their expansion, which should be up and running on time. If you are bullish on crude this is a Hold. Debt is a little higher than what she likes. | 2010-01-13 | ||
| BUY on WEAKNESS | Freehold Royalties | FRU-T | 15.900 | Very oil weighted so will trade on oil prices. If oil pulls back it could give you an opportunity. | 2010-01-13 | ||
| HOLD | Nuvista Energy Ltd | NVA-T | 12.130 | Mid-cap gas weighted. Has come back but valuations are still inexpensive relative to its peers. No debt problems. | 2010-01-13 | ||
| HOLD | Talisman Energy | TLM-T | 19.250 | Among the cheaper valued senior stocks. In the midst of a turnaround with the new management and focusing more on conventional and international projects to bring their costs in line. | 2010-01-13 | ||
| TOP PICK | Fairborne Energy Ltd. | FEL-T | 5.410 | Gas weighted. Thinks gas prices are going to be fine over the next year or two. Drilling some of the new horizontal multistage fraq wells in Harlech AB and are seeing some early success. The wells are a little more expensive so you need gas prices to stay up. | 2010-01-13 | ||
| BUY | Rock Energy Inc. | RE-T | 3.850 | Focused on heavy oil, which she likes. Showing a lot of growth. Also have gas properties that are showing some initial success. Cheap. Good management and debt levels. | 2010-01-13 | ||
| HOLD | Vero Energy Inc. | VRO-T | 5.430 | Gas weighted. Had a little bit too much debt last year so the stock price came off quite a bit but is now starting to move up. Valuations are good but have to do something with their debt. | 2010-01-13 | ||
| TOP PICK | Pengrowth Energy | PGF-T | 10.870 | Likes new management. Will have to change the culture from what the company was too more of an exploration/production. Expect they will continue a dividend after conversion to a corp but there will still be growth. Debt levels are in control. | 2010-01-13 | ||
| HOLD | Painted Pony Petroleum | PPY.A-X | 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 | ||
| TOP PICK | Twin Butte Energy | TBE-T | 1.290 | Heavy oil focused and has some good production growth. Had a little higher than average debt but have just raised some money and sold some properties. Very cheap. | 2010-01-13 | ||
| HOLD | PetroBakken Energy | PBN-T | 32.360 | Likes what she is seeing. Not super cheap but also not super expensive. Will trade with oil prices. | 2010-01-13 | ||
| Comment | Cenovus Energy | CVE-T | 26.650 | Valuation after the spin-off is a little bit higher than its peer group. Needs an update from the company and then consider whether to Sell or Hold. | 2010-01-13 | ||
| TOP PICK | Advantage Oil & Gas Ltd | AAV-T | 6.900 | Recently converted from a trust. Raised some money and sold off some assets. Will focus most of their attention and money on a Glacier play in the Montney's. Excellent land assets. | 2009-09-14 | ||
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| WATCH | Compton Petroleum | CMT-T | 1.220 | Had far too much debt. New management issued some equity last week, which will help but doesn't think it's enough to keep the debt levels in a range that she would be comfortable with. Thinks new management will be able to turn it around. | 2009-09-14 | ||
| HOLD | Encana Corp | ECA-T | 63.450 | Announced they are going to split into 2 companies, one for gas and one for oil. Thinks it will be $20US for the oil company and $45 for the gas. If you own, keep both divisions as there is a chance that the oil division may end up becoming more of a takeover target. | 2009-09-14 | ||
| Comment | Husky Energy | HSE-T | 29.600 | Relative to its peers, the chart is quite weak. It intrigues her and it may be getting to a point where this may be a buy again soon. | 2009-09-14 | ||
| Comment | Harvest Energy Trust | HTE.UN-T | 6.400 | As with many of the trusts, there is a risk that the 9.6% yield could be cut going into 2011. Their refinery business has been quite challenging. | 2009-09-14 | ||
| PAST TOP PICK | Nuvista Energy Ltd | NVA-T | 11.100 | (A Top Pick Sept 12/08. Down 16.5%.) Fantastic company. Great management. Very good at counter cyclical acquisitions. Just made another one. Expecting a lot of upside. Still an expensive and a Hold. | 2009-09-14 | ||
| HOLD | Nexen Inc | NXY-T | 24.560 | (Market Call Minute.) Not one of her top picks but also not a bottom pick. | 2009-09-14 | ||
| Comment | Perpetual Energy | PMT-T | 5.210 | Very gas focused. Starting to work its way back. Has a lot of hedges, which may be why it has done better. | 2009-09-14 | ||
| Comment | Paramount Resources | POU-T | 10.200 | Has ownership of a number of different energy companies. Just recently started to make a move and thinks this will continue. | 2009-09-14 | ||
| Comment | Talisman Energy | TLM-T | 19.420 | New management has a new focus on resource plays, which will give them a multiple expansion. Much cheaper than its senior peers. | 2009-09-14 | ||
| HOLD | Crescent Point Energy Corp | CPG-T | 37.770 | (Market Call Minute.) Valuations are just creeping up a little. If you have a longer-term timeframe, you hold it you make a lot of money. | 2009-09-14 | ||
| WATCH | Opti Canada Inc. | OPC-T (Dead) | 1.670 | Had a lot of debt. Raised some money but the debt levels are still higher than what she would like. You have to keep watching to see that operationally they keep moving in the right direction. | 2009-09-14 | ||
| TOP PICK | Crew Energy Inc. | CR-T | 7.990 | Oil/gas assets. Not getting enough credit for their acquisition of Gentry Resources. Gentry had a full package of oil assets in southeast Alberta. They have increased the oil production by over 60% in the last year. | 2009-09-14 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Oil. Seeing a lot of very positive global economic indicators that indicate things are turning around but there are still some points that are negative. Looking for $80-$85 crude this time next year. For traders there could be a lower point that you could get in on. For longer-term investors, the smaller and mid-cap are pretty interesting places to be right now. | 2009-09-14 | ||
| PARTIAL BUY | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Natural gas. Fundamentally it does not look very good right now but, with any cycle, if you stop drilling for it eventually it will work its way back. Investors should start to slowly nibble their way back in over the next few weeks. | 2009-09-14 | ||
| BUY | Delphi Energy Corp. | DEE-T | 1.430 | Gas weighted. Well-respected management has been working its way through the debt. Some interesting plays but one in particular that she is excited about is northwest Alberta gas in the Montney fairway. | 2009-09-14 | ||
| Comment | Highpine Oil & Gas | HPX-T | 6.950 | Being acquired by Daylight Energy (DAY.UN-T). If you own, take the shares rather than the cash. Daylight has put together a beautiful spread of land in Alberta and using the multistage fraqing technology they have successfully used elsewhere. | 2009-09-14 | ||
| HOLD | Penn West Petroleum | PWT-T | 14.790 | (Market Call Minute.) Has been a bit of a laggard but the sheer amount of resource play and potential they have to work with should be good in the long run. | 2009-09-14 | ||
| Comment | Birchcliff Energy Ltd. | BIR-T | 7.690 | A good name, particularly in this gas environment recovery. Valuation relative to its peers is a little bit higher for her but she likes the team and the assets. She would like it at the $5-$6 range but not a bad investment for the individual investor. | 2009-09-14 | ||
| BUY | Galleon Energy Inc. | GO-T | 6.350 | Couldn't believe how low it was priced but is now starting to move up. A lot of land. Good management. Good potential for many years. | 2009-09-14 | ||
| TOP PICK | Rock Energy Inc. | RE-T | 2.200 | Small-cap so be careful. 75% oil. Strong management team that is relatively conservative. Price/cash flow level is very cheap relative to its peers. NAV last December was well over $5. | 2009-09-14 | ||
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| HOLD | Vero Energy Inc. | VRO-T | 3.940 | Junior Alberta gas producer. A little bit weaker than its peers. OK but not one of the stronger ones in the sector. Management is working on the debt problem. You have to keep your eye on it. | 2009-09-14 | ||
| HOLD | TriStar Oil & Gas | TOG-T | 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 | ||
| PARTIAL BUY | Bankers Petroleum | BNK-T | 3.950 | Good team. Great asset in Albania. She doesn't own it right now but hopes to start picking at it in a little bit. Reasonable price. | 2009-09-14 | ||
| HOLD | Painted Pony Petroleum | PPY.A-X | 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 | ||
| PAST TOP PICK | Breaker Energy Ltd. | WAV-T | 4.820 | (A Top Pick Sept 12/08. Down 46%.) Small-cap energy name. Surprised it has not recovered more. About 50/50 oil weighting. Well run and big suite of assets. Hold. | 2009-09-14 | ||
| PAST TOP PICK | RMP Energy | RMP-T | 2.530 | (A Top Pick Sept 12/08. Down 18%.) Gas in the Montney and are currently extending the trend to the southwest in the Cabob (?) area. Good team and excellent assets. Inexpensive and still a Buy. | 2009-09-14 | ||
| BUY on WEAKNESS | Legacy Oil + Gas Inc. | LEG-T | 1.700 | New management team acquired a number of small private companies and assets so she ended up with some of their stock. Still thinks it's a little bit rich but likes where they are going with it. | 2009-09-14 | ||
| STRONG BUY | Bonavista Energy Corp | BNP-T | 17.090 | Market Call Minute. Always had a premium multiple but now they have a discount. | 2009-04-15 | ||
| SELL | Imperial Oil | IMO-T | 44.700 | Sold this week because valuation compared to piers became higher. May get back in. | 2009-04-15 | ||
| TOP PICK | Nuvista Energy Ltd | NVA-T | 7.150 | Spin off of Bona Vista. Same corporate culture. Slow and steady, build growth for the long term. Very cheap, no debt problems, having success on the gas side. | 2009-04-15 | ||
| HOLD | Petro-Canada | PCA-T | 37.310 | Merging with Suncor. Price is as if it was a take-over. She kept Suncor, taking profits in Petro Canada. | 2009-04-15 | ||
| TOP PICK | Talisman Energy | TLM-T | 14.900 | They sold a lot less production to get a lot more money. No debt issue. It’s time for this to turn around. The risk is that it has already come off its lows and the market pulls back. | 2009-04-15 | ||
| DON'T BUY | Baytex Energy Corp | BTE-T | 15.100 | Will move with oil prices. Valuation and debt a little higher than piers. | 2009-04-15 | ||
| SELL ON STRENGTH | Opti Canada Inc. | OPC-T (Dead) | 2.280 | Takeover speculation driving price. She does not buy stocks strictly for a takeover. If credit crisis continues they may have trouble. | 2009-04-15 | ||
| HOLD | Progress Energy Resources Corp | PRQ-T | 9.440 | Will keep growing. If valuation keeps continues to grow, lighten your holding. | 2009-04-15 | ||
| DON'T BUY | Crew Energy Inc. | CR-T | 5.210 | Takeover speculation drove price recently. | 2009-04-15 | ||
| BUY | Delphi Energy Corp. | DEE-T | 1.120 | Debt levels are higher, but they are working through it. Thinks it is going to be fine. Watch the debt level. | 2009-04-15 | ||
| PAST TOP PICK | Kereco | KCO-T | 4.720 | (Top Pick Apr 14/08 Up 55.17%) Was taken over. | 2009-04-15 | ||
| BUY | Highpine Oil & Gas | HPX-T | 5.680 | Very little debt. Diversified into another area. Valuations are cheap, almost a top pick. They recently drilled two dry holes. | 2009-04-15 | ||
| BUY | Daylight Energy Ltd | DAY-T (Dead) | 7.250 | Purchased this morning because they announced an issue to raise some money. | 2009-04-15 | ||
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| PAST TOP PICK | Fairborne Energy Ltd. | FEL-T | 4.040 | (Top Pick Apr 14/08 Down 48.87%) Had some early success. They are expensive wells. Likes the future play potential. | 2009-04-15 |