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| Laura Lau of Sentry Select Capital |
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| The Exchange Tower |
| TOP PICK | Bankers Petroleum | BNK-T | 5.610 | Biggest onshore oilfield (5 billion barrels) in Europe and have only recovered 3%. Current stock price means you can recover another 2%-3% while in Western Canada they expect 15% recovery so there is a lot of upside left. | 2010-02-08 | ||
| TOP PICK | Bellatrix Exploration Ltd. | BXE-T | 4.140 | Sold a lot of assets and issued some convertible debentures so they now have about $1 cash per share. In one of the hottest plays, the Cardium. Very reasonably priced. | 2010-02-08 | ||
| TOP PICK | Gran Tierra Energy Inc. | GTE-T | 5.310 | Their biggest field will be flat at 19,000 barrels a day giving steady cash flow. $150 million cash so they will have a very active exploration program including some big wells in Peru. | 2010-02-08 | ||
| PAST TOP PICK | Arc Energy Trust | AET.UN-T | 20.040 | (A Top Pick June 30/09. Up 18.57%.) Still a buy. | 2010-02-08 | ||
| PAST TOP PICK | Celtic Exploration Ltd. | CLT-T | 20.360 | (A Top Pick June 30/09. Up 32.72%.) Still a buy. | 2010-02-08 | ||
| PAST TOP PICK | Canadian Natural Rsrcs | CNQ-T | 69.030 | (A Top Pick June 30/09. Up 15.05%.) Still a buy. | 2010-02-08 | ||
| SELL | Galleon Energy Inc. | GO-T | 5.390 | Have not been able to make production targets for the last 3 years. There are questions as to whether they can grow. | 2010-02-08 | ||
| DON'T BUY | Enerplus Resources Fund | ERF.UN-T | 22.610 | Going sideways because they haven't given much guidance as to what they want to be in 2011. Thinks it will probably be a high dividend payout model. | 2010-02-08 | ||
| SELL | Precision Drilling Corp. | PD.UN-T | 8.560 | Rig count peaked at 1600 and she thinks 900-1000 will be sufficient because horizontal drilling gives 3 or 4 times more production than vertical. Earnings are coming down. Could be a quick trade but she wouldn't hold it. | 2010-02-08 | ||
| DON'T BUY | Suncor Energy Inc | SU-T | 31.280 | Last quarter was not very good because integration with Petrocan is still going on. You will still get some messy quarters. | 2010-02-08 | ||
| DON'T BUY | Petrobank Energy and Resources | PBG-T | 50.150 | A conglomerate with about 60% of share price being PetroBakken (PBN-T), 30% Petrominerales (PMG-T) and 10% oil sands and the Thai technology. Had expected PetroBakken to be a pure Bakken play but instead they have spent a large amount of money in the Cardium area. Also thinks the decline rates are very high. Valuation is too high. | 2010-02-08 | ||
| BUY | Ithaca Energy Inc. | IAE-X | 1.550 | Been through the worst and still have about $60 million of cash. One of the cheapest stocks at 2.5X price to cash flow. Have been outperforming guidance and estimates. | 2010-02-08 | ||
| BUY | NAL Oil & Gas Trust | NAE.UN-T | 12.930 | Yield should be safe as they have given guidance that after conversion will be a high dividend payout model. | 2010-02-08 | ||
| BUY | Arsenal Energy Inc. | AEI-T | 0.890 | Turnaround story. Oil weighted. Properties in North Dakota to chase the Bakken play in the US. Very reasonably priced. | 2010-02-08 | ||
| SELL | Delphi Energy Corp. | DEE-T | 2.030 | One of the cheapest gas stories. Priced to sell but doesn't think they are ready to sell yet. | 2010-02-08 | ||
| BUY on WEAKNESS | Cinch Energy Corp | CNH-T | 1.610 | Great land position with the Montney. Valuation is reasonable. Would buy on a 15%-20% dip. | 2010-02-08 | ||
| TOP PICK | Pengrowth Energy Trust | PGF.UN-T | 10.300 | Trading at a discount to its peers. 50/50 oil and gas. Have always had great assets but new management will now focus on cost control and more production. 8.2% yield on a 33% payout ratio. | 2009-11-18 | ||
| TOP PICK | BlackPearl Resources Inc | PXX-T | 2.180 | Has been re-capitalized with a new conservative management team and have the assets to bring them over 20,000-30,000 barrels a day. Not a cheap stock, but they don't have to do any acquisitions, just execute. Consider this a long-term hold. | 2009-11-18 | ||
| TOP PICK | Cirrus Energy Corp | CYR-X | 2.910 | In the Dutch North Sea where it is mostly gas but they get paid in linked oil prices. | 2009-11-18 | ||
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| Comment | Canadian Oil Sands Trust | COS.UN-T | 30.800 | Can be volatile as it is a call on the volatility of oil. She is bullish on oil long-term. Also, ConocoPhillips (COP-N) indicated they would sell their 9% holdings in Syncrude and this company is interested. This would be a large amount of equity and debt they would have to issue. | 2009-11-18 | ||
| Comment | Galleon Energy Inc. | GO-T | 5.050 | Over promised and under delivered lately. Not much production growth over the past 2-3 years. Strong land base and a lot of opportunities. | 2009-11-18 | ||
| PARTIAL SELL | Vast Exploration Inc. | VST-X | 0.550 | This one is a lottery ticket. In Kurdistan where there is a lot of oil but will you get paid for it. If you own and gained, consider taking some profits. | 2009-11-18 | ||
| BUY | Gran Tierra Energy Inc. | GTE-T | 6.030 | Oil production in Colombia. Their big field will be plateauing for 3 years and they have about $150 million in the bank. Expecting it to reach $6.50 when they start drilling the big wells. | 2009-11-18 | ||
| PAST TOP PICK | Arc Energy Trust | AET.UN-T | 21.400 | (A Top Pick June 30/09. Up 21%.) There is 3 years of visible production growth and it is very profitable. | 2009-11-18 | ||
| PAST TOP PICK | Celtic Exploration Ltd. | CLT-T | 18.370 | (A Top Pick June 30/09. Up 20.5%.) Sees lots of visible growth ahead for them. | 2009-11-18 | ||
| PAST TOP PICK | Canadian Natural Rsrcs | CNQ-T | 71.980 | (A Top Pick June 30/09. Up 17.3%.) This one should be a core holding in any portfolio. Exceedingly well run. Oil weighted and visible production growth from their Horizon oil Sands and Primrose thermal projects. Buy on weakness. | 2009-11-18 | ||
| BUY on WEAKNESS | Crescent Point Energy Corp | CPG-T | 39.300 | Have a great resource play in the Bakken in Saskatchewan. Big inventory ahead of them. Valuation is starting to get high. 7% yield. | 2009-11-18 | ||
| BUY | Baytex Energy Trust | BTE.UN-T | 26.630 | Great way to play heavy oil. Have done a great job on their Seals project in the oil sands. Have a new play in North Dakota in the Bakken. Have to be careful of heavy oil differentials as they start to grow out going into the winters. 5.4% yield has a better chance of being increased rather than decreased. | 2009-11-18 | ||
| DON'T BUY | Falcon Oil & Gas | FO-X | 0.150 | Gas play in Hungary. There is gas there but can you get it out and can you do it economically? It is very deep. Exxon is a good partner but a slow one. | 2009-11-18 | ||
| SELL | Legacy Oil + Gas Inc. | LEG-T | 1.600 | Has a 6 for 1 reversal coming. Great management team but they have to grow into their multiple right now. Expensive. | 2009-11-18 | ||
| BUY | Delphi Energy Corp. | DEE-T | 1.760 | Tend to spend a lot of their capital, more than other companies, in the winter months. Have some good assets so will be able to grow their production and reserves. Expects a few more months of good performance.. | 2009-11-18 | ||
| WAIT | Imperial Oil | IMO-T | 41.300 | Very good defensive stock if you think oil is going to go down. Their growth will be in their Kearl project in 2011-2012. Less than 1% yield. | 2009-11-18 | ||
| Comment | Connacher Oil and Gas | CLL-T | 0.970 | You have to be willing to stomach some risks. Debt is very high but is mostly termed out in 1st lien notes, 2nd lien notes and convertible debentures and first amount is not due until 2012. Very volatile. | 2009-11-18 | ||
| Comment | Petrominerales Ltd. | PMG-T | 17.210 | Thinly traded because Petrobank (PBG-T) owns the majority of shares. Performing very well but most of the catalysts are out of it. | 2009-11-18 | ||
| DON'T BUY | Twin Butte Energy | TBE-T | 0.970 | Past management stumbled and spent too much money with very little production. Very cheap. | 2009-11-18 | ||
| BUY | Talisman Energy | TLM-T | 18.810 | Undergoing a transformation from a very short reserve life with high finding/developing costs. Trying to become a shale player. A lot of management changes. If you hold for 3-4 years you will be rewarded. | 2009-11-18 | ||
| DON'T BUY | Alberta Oil Sands | AOS-X | 0.300 | Oil sands are very tough for any junior company. You need at least 10,000 barrels a day to make a profit. 30,000 glowing barrels would be $300 million, which would be very difficult to raise. Not sure the assets are good enough to be a takeover target. | 2009-11-18 | ||
| DON'T BUY | Terra Energy Corp. | TT-T | 1.380 | Has been around for years. Always had a great land base but always had trouble delivering so could be range bound for many years.. | 2009-11-18 | ||
| Comment | Breaker Energy Ltd. | WAV-T | 5.900 | Has had a takeover offer by NAL (NAE.UN-T) and no other party has come out to compete. | 2009-11-18 | ||
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| SELL | Oilsands Quest Inc. | BQI-A | 1.190 | Oil sands junior, which is very difficult. Also there is no known technology today that can be used to extract oil in their location. SAG won't work. Can't see it as a takeover target. | 2009-11-18 | ||
| SELL | Savanna Energy Services | SVY-T | 6.200 | One of the most expensive drillers because they have some fantastic rigs, which tend to drill shallow gas. However, the biggest driller of shallow gas is Encana (ECA-T), which will be splitting this off and won't be spending much money on it. | 2009-11-18 | ||
| BUY | Daylight Energy Trust | DAY.UN-T | 9.410 | (Market Call Minute.) Will be converting in May and expect that they will get more shareholders. | 2009-11-18 | ||
| DON'T BUY | Canadian Superior Energy Inc | SNG-T | 0.620 | (Market Call Minute.) Near bankruptcy. | 2009-11-18 | ||
| SELL | Ryland Oil Corp | RYD-X | 0.430 | (Market Call Minute.) A land bank and a lot of people were buying it thinking that TriStar (TOG-T) was going to use it, but didn't. | 2009-11-18 | ||
| Comment | WesternZagros Resources Ltd. | WZR-X | 0.720 | (Market Call Minute.) A lottery ticket. | 2009-11-18 | ||
| HOLD | Encana Corp | ECA-T | 57.850 | (Market Call Minute.) Will be splitting up Dec 7. Cenovus (CVE-T) has been a disappointment because of top line production declines. | 2009-11-18 | ||
| SELL | Altagas Services | ALA.UN-T | 18.910 | (Market Call Minute.) There is a good chance there could be an equity issue and they will be cutting their distribution. | 2009-11-18 | ||
| TOP PICK | Canadian Oil Sands Trust | COS.UN-T | 33.700 | Longer term, she is a bull on oil. Shorter term, she believes they are going to increase their distribution by 20%-30%. Have a debt goal of $1.6 billion and are at $1.2 billion. With current oil prices they will be paying down their debt pretty quickly. 3% distribution. | 2009-10-13 | ||
| TOP PICK | Gran Tierra Energy Inc. | GTE-T | 4.800 | International player in Colombia and is the hot international place to be. You can actually find and get paid for your oil very quickly here. A lot of cash on their balance sheet and will have an active drilling program next year. Will also be drilling in Peru next year for big oil finds. | 2009-10-13 | ||
| TOP PICK | Encana Corp | ECA-T | 63.820 | Bullish on gas. Also when the company splits into Sunovas (oil sands portion) and Encana (Gas portion), there will be more value created. Sunovas will be worth about $35 and Encana about $42. Sunovas could be a takeover target. | 2009-10-13 | ||
| DON'T BUY | Harvest Energy Trust | HTE.UN-T | 7.050 | Their payout is not very high but their debt is. The debt will become due in about 1 year. They'll probably do another equity issue so she wouldn't be surprised if they cut the distribution. | 2009-10-13 | ||
| BUY | Bankers Petroleum | BNK-T | 4.710 | Split the Albanian heavy oil and the shale gas in the US into BNK Petroleum (BKX-T). Everyone wants to play the Albanian heavy oil because of a possible takeover. | 2009-10-13 | ||
| DON'T BUY | Baffinland Iron Mines Corp. | BIM-T | 0.560 | Iron ore prices are firming up but the problem with this company longer-term is that they have to raise billions of dollars. At the current price, that's a lot of dilution. Because it is so far north there are a lot of technological issues including building an icebreaker that has never been built before. | 2009-10-13 | ||
| DON'T BUY | Uranium One Inc. | UUU-T | 3.070 | Because of problems with the 4th largest uranium mine globally there has been a lift in uranium prices. This is a temporary thing for 3 or 4 months. Longer term, the problem with this stock is its location in Kazakhstan. There is a 20%-30% chance of them losing their license there. She doesn't like the political risks to read | 2009-10-13 | ||
| HOLD | Crescent Point Energy Corp | CPG-T | 37.800 | One of the best oil weighted trusts but starting to get into the fair value range. Has a great development inventory that they can grow their NAV every year. Have no plans to cut their distribution. | 2009-10-13 | ||
| DON'T BUY | Questerre Energy | QEC-T | 2.480 | Doesn't trade with natural gas prices but with exploration successes in the Utica Shale instead. Finds it too speculative. Shale plays take about 5 years to develop and she is not prepared to wait for that. | 2009-10-13 | ||
| BUY | Talisman Energy | TLM-T | 19.650 | Feels new management is more clearly focused and are following a good strategy of clearing assets that are non-core. Will probably take longer than the market expects that is on the right track. | 2009-10-13 | ||
| BUY | Pengrowth Energy Trust | PGF.UN-T | 10.730 | Likes the new management with their good track record. Believe they will cut costs, stabilize production and start making acquisitions. At a 33% payout ratio only, feels distributions are safe. They will also be increasing capital. | 2009-10-13 | ||
| WEAK BUY | Connacher Oil and Gas | CLL-T | 1.000 | Has a lot of financial torque because of high debt. Produce heavy oil, which is at a discount to West Texas. You have to be comfortable with the leverage. | 2009-10-13 | ||
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| DON'T BUY | UTS Energy | UTS-T | 1.920 | The question is what they are going to do with Fort Hills. Waiting for Suncor (SU-T) to give their plans for this and they have until 2019 to put it on production. Very levered to oil sands. | 2009-10-13 | ||
| PAST TOP PICK | Petrominerales Ltd. | PMG-T | 16.000 | (A Top Pick Aug 14/09. Up 34.68%.) A Colombia player that will be very active over the next year. Still a Buy. | 2009-10-13 | ||
| PAST TOP PICK | Bonavista Energy Trust | BNP.UN-T | 23.030 | (A Top Pick Aug 14/09. Up 29.44%.) Just made an acquisition. Still a Buy. | 2009-10-13 | ||
| PAST TOP PICK | Suncor Energy Inc | SU-T | 38.700 | (A Top Pick Aug 14/09. Up 7.64%.) There will be a lot of international interest because this is the Canadian “go to” name. Still a Buy. | 2009-10-13 | ||
| BUY | Provident Energy Trust | PVE.UN-T | 6.230 | A different model than most companies because they have a lot of midstream assets as well as upstream businesses. The upstream business is OK but not that great but the midstream business is very good. There will be a chance of a distribution cut in 2011. | 2009-10-13 | ||
| TOP PICK | Talisman Energy | TLM-T | 18.630 | Most reasonably priced senior because in the past it was a value trap.New management is going after longer life cheaper barrels. Doesn't like cats extend but their play there is very small. | 2009-09-30 | ||
| TOP PICK | Pengrowth Energy Trust | PGF.UN-T | 11.330 | New leader has a good track record and is very operationally focused. Payout ratio of only 45% so believes the 11% yield is sustainable. Very good old legacy assets. Not expensive. | 2009-09-30 | ||
| TOP PICK | Enerplus Resources Fund | ERF.UN-T | 24.500 | Generally in the past it has traded at a substantial premium to its peers. Now trading at less than most trusts. Did an acquisition taking them into the Marcellus in Pennsylvania, which is the most economic gas play in North America. Can easily make money at $4 gas. Great visible growth. | 2009-09-30 | ||
| HOLD | Progress Energy Resources | PRQ-T | 13.820 | You can trade around this one but keep a core holding. Fantastic land base with 800,000 acres in the Montney. One of the wells tested 10 million a day. Currently a little ahead of itself. | 2009-09-30 | ||
| BUY | Legacy Oil + Gas Inc. | LEG-T | 1.740 | Oil weighted. Consolidating their shares on a 6:1 basis but you can buy now. Expensive but has a premier management team. | 2009-09-30 | ||
| Comment | Encana Corp | ECA-T | 62.000 | Splitting into 2 companies, oil sands and natural gas. Likes the differentiation of assets. Speculation that their partner, ConocoPhillips (COP-N) will want to take the oil company out. | 2009-09-30 | ||
| DON'T BUY | Birchcliff Energy Ltd. | BIR-T | 8.250 | Debt to cash flow is almost 4X, which is very high. Have a great asset base but the stock is very expensive. | 2009-09-30 | ||
| BUY | Calfrac Well Services Ltd | CFW-T | 19.000 | With their 2 acquisitions, they are now the biggest pressure pumper in Canada. In the next cycle for gas, it looks like we'll be going into more shale gas, which is positive for them. If the market pulls back she doesn't think this will fall as much. | 2009-09-30 | ||
| WATCH | Connacher Oil and Gas | CLL-T | 1.100 | Very leveraged to oil so you have to be a long-term bull on oil. Did a very good job on execution but they still have two build the next Algar so she will be watching this very closely. Debt is also an issue. | 2009-09-30 | ||
| Comment | Bankers Petroleum | BNK-T | 4.730 | Had a good run but there is still room. Patos-Marinza, their main asset, is a huge oil play of 5 billion barrels. All they have to do is move the recovery factor up, which can be done by more infill drilling, putting more capital in, steam flooding, etc. Great M & A target. If you own, you can take some money off the table and waited for a pause to come back in. | 2009-09-30 | ||
| Comment | Bronco Energy | BCF-T | 0.800 | Have a lot of barrels but they are difficult and uncooperative barrels because they get a lot of water in their production. It will be a challenge. | 2009-09-30 | ||
| BUY | Bonavista Energy Trust | BNP.UN-T | 20.420 | 2/3 gas and 1/3 oil. Overpaying distribution a little. Can do so because management has exchangeable shares. Model after 2011 will be a combination of growth plus distribution but have not made percentages clear so she thinks the 10% distribution will be cut. However not expensive. New play at Holdly (?) is fantastic and will work at $4 gas. | 2009-09-30 | ||
| BUY | Crescent Point Energy Corp | CPG-T | 36.200 | Crescent Point Energy (CPG-T) and TriStar (TOG-T) are both great plays in the Bakkens. Although Crescent Point is more expensive, she prefers this because you get paid more to wait and they have a lot more land in the core of the play. There's also more diversification and they are oily. 7.6% distribution. | 2009-09-30 | ||
| Comment | TriStar Oil & Gas | TOG-T | 15.650 | Crescent Point Energy (CPG-T) and TriStar (TOG-T) are both great plays in the Bakkens. Although Crescent Point is more expensive, she prefers this because you get paid more to wait and they have a lot more land in the core of the play. There's also more diversification and they are oily. | 2009-09-30 | ||
| BUY | Enbridge | ENB-T | 41.570 | Unusual for a utility stock to have a lot of growth. Building a lot of new pipelines out of the oil sands. 3.5% dividend. 95% of their income stream is pretty well guaranteed. | 2009-09-30 | ||
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| BUY | Galleon Energy Inc. | GO-T | 6.270 | Gas weighted. One of the cheaper stocks because it has disappointed in the past. Very good, large land base. Great M&A target. | 2009-09-30 | ||
| PAST TOP PICK | Arc Energy Trust | AET.UN-T | 20.200 | (A Top Pick June 30/09. Up 15.3%.) Next year there will be substantial growth from their Montney project, which will still make money at $4 gas. | 2009-09-30 | ||
| PAST TOP PICK | Celtic Exploration Ltd. | CLT-T | 19.100 | (A Top Pick June 30/09. Up 25.2%.) Montney producer in Alberta and one of the best beneficiaries of this change in royalties in Alberta. Now chasing a new play, Blue Sky, which is giving natural gas liquids for a better price. | 2009-09-30 | ||
| PAST TOP PICK | Canadian Natural Rsrcs | CNQ-T | 72.300 | (A Top Pick June 30/09. Up 18.3%.) Have executed very well on their Horizon play with more than 100,000 barrels a day. Starting to be re-rated as an oil sands stock. In the short term, it is close to reaching its top. High beta at 1.4. | 2009-09-30 | ||
| BUY | NAL Oil & Gas Trust | NAE.UN-T | 12.700 | Now chasing a Cardium (?) play that she likes, which is economical at these lower prices. 8.5% distribution is safe. Have indicated they will be a dividend paying Corp. after 2011. | 2009-09-30 | ||
| BUY | Vermilion Energy Trust | VET.UN-T | 29.580 | With this one you don't have to worry about 2011 because most of their properties are outside of Canada. Their property in Ireland should be on in 2011 at 10,000 barrels. Thinks 7.6% distribution is safe. | 2009-09-30 | ||
| PARTIAL SELL | Pacific Rubiales Energy Corp. | PRE-T | 13.260 | 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 | ||
| Comment | Opti Canada Inc. | OPC-T | 2.150 | Very challenging for them. They only have one project, Long Lake. Currently are down and she expects this to be for a month. Steam generating is the lifeblood of this project and it will be in the dead of winter in Fort McMurray. High debt and they are not making money. | 2009-09-30 | ||
| Comment | Vast Exploration Inc. | VST-X | 0.800 | Have a block in Kurdistan. Easy to find oil but the problem is politics. A Norwegian company is in disagreement with the government and won't get paid because of an issue of confidentiality. All Kurdistan plays have come off lately. | 2009-09-30 | ||
| DON'T BUY | Falcon Oil & Gas | FO-X | 0.485 | Very difficult company because they are chasing tight gas in Hungary and execution is very difficult. | 2009-09-30 | ||
| DON'T BUY | First Uranium Corporation | FIU-T | 2.870 | On the cusp of a significant ramp up of gold and uranium production but other issues are getting in the way right now. Have a big ownership stake in Somers and Jack (?), which has issues with the present CEO running both companies. Also issues with black empowerment. | 2009-09-30 | ||
| BUY | Cinch Energy Corp | CNH-T | 0.980 | Gas weighted. She is positive on gas. Had execution problems in the past but it looks like things are getting better. Fantastic prospective land position in the Montney but are chasing things other than that and once they do this, things should be a lot better. | 2009-09-30 | ||
| DON'T BUY | Bridge Resources | BUK-X | 0.230 | A cheap stock and part of the reason is that they only have one well in the North Sea. North Sea is a very expensive place to do business and currently is getting very low gas prices. They also need a portfolio of opportunities to chase after. | 2009-09-30 | ||
| Comment | Paramount Resources | POU-T | 14.440 | Considers this a holding company because of value built into it but when will it be realized. A lot of hidden value including oil sands leases, great unconventional oil properties, land in the Bakken region, etc. Fairly valued. | 2009-09-30 | ||
| HOLD | Methanex Corp | MX-T | 18.650 | (Market Call Minute.) Methanol prices are starting to come off the spot market. | 2009-09-30 | ||
| WEAK BUY | HBP NYMEX Nat'l Gas Bull+ | HNU-T | 16.330 | (Market Call Minute.) Natural gas Bull+ ETF. Short-term Yes. Like 2 or 3 days. | 2009-09-30 | ||
| BUY | Zargon Energy Trust | ZAR.UN-T | 18.050 | (Market Call Minute.) Sustainable distribution. Well run. | 2009-09-30 | ||
| Comment | Uranium One Inc. | UUU-T | 2.570 | (Market Call Minute.) There are a lot of questions whether the Kazakhstan government will let them keep their properties. Hold or Sell. | 2009-09-30 | ||
| HOLD | Paladin Resources | PDN-T | 4.270 | (Market Call Minute.) She is neutral on uranium but this is the premier name. | 2009-09-30 | ||
| BUY | Gran Tierra Energy Inc. | GTE-T | 4.490 | (Market Call Minute.) One of the cheapest Colombian players and will be drilling actively in the next year. | 2009-09-30 | ||
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| TOP PICK | Petrominerales Ltd. | PMG-T | 11.850 | Have an active drilling program going forward. Very cheap at less than 3X debt adjusted cash flow. Have had a lot of success drilling in Colombia. | 2009-08-14 |
