STOCKCHASE

(A Top Pick July 25/08. Down 79.53%.) Massive natural gas discovery in Trinidad. Management concerns and is expecting changes/go forward strategies on Sept 9 so wait for guidance. (Doesn't own but has other relations with the firm.)

2009-08-21

SELL

0.840

Laura Lau

Going into bankruptcy and is a very risky stock. In the midst of management changes.

2009-08-14

HOLD

3.030

Have had 2 fabulous discoveries in Trinidad. British Gas is their partner and potentially could take them out. Drilling the 3rd well. Once they have the news of all 3 plays, he thinks there will be a shareholder maximization process.

2008-09-25

TOP PICK

3.860

Producing about 4500 BOEs a day in Western Canada. Have exciting discoveries in Trinidad. First play was Victory. Just announced they cased and logged Bounty well and are testing and should know in 2 or 3 weeks. They will then drill the 3rd play Endeavour. Could be a multi-TCF discovery.

2008-07-25

BUY

4.360

Jennifer Stevenson

World-class assets in Trinidad. Volatile because of the large wells they are drilling.

2008-06-19

Comment

4.310

This is always being a stock that swings for the stars. Drilling an expensive well in Trinidad that looks interesting. Exploration drilling is a big roll of the dice. Not for the faint of heart.

2008-06-09

TOP PICK

4.330

Victory well offshore Trinidad at 600 BCF. Bounty could be complete by the end of June and then they have 1 more well to drill. If Bounty is successful, his $5.80 target could go up materially.

2008-06-05

BUY

3.020

Has operations in Western Canada of about 4300 BOE's a day and a drawing some wells that could take it to 5000 giving it $1 in value. Also had success offshore Trinidad. Drilling a new well called Bounty, which will take us through to June. Very cheap.

2008-04-04

Comment

3.260

An exploration company with properties off the east coast, which are currently not that active. Also drilling a number of wells in the Trinidad area and have some Alberta-based properties. This is one that he Trades. Higher risk/higher reward.

2008-03-07

HOLD

3.340

Dennis Da Silva

A higher risk proposition in terms of oil/gas. Have a traditional base in Alberta at about 4000 BOE's a day, which he anticipates will stay flat. Likes the upside from what they are doing in Trinidad where the first well tested very well. Wondering if the2nd one will find anything more. Could see an additional $.60 or $1 if the 2nd well is equal to the 1st well. Still early days.

2008-02-25

BUY

3.610

Offshore Trinidad discovery is significant with 600 BCF’s. Thinks they have 1/3 of this play. Now testing one more zone in that play so the news could get even better. Potentially there could be 3 TCF here. Over the next year there is a lot of high impact drilling.

2008-01-24

Comment

3.680

Their Trinidad well looks very promising. The well they are working on has had some mechanical difficulties, which gives him some concern. He is probably more of a trader on this than a holder. High risk/high reward.

2008-01-15

Comment

2.990

Have been waiting with bated breath to get the success out of Trinidad. Very high impact well. Have production in western Canada, which they are trying to grow.

2007-12-19

STRONG BUY

3.080

The big well in Trinada, is a couple of weeks away from being at total depth, and will make the decision to case depending on the size. Thinks it has a good upside. Better to buy now before it is drilled to total depth.

2007-10-22

BUY

3.570

They have a target at $4.20, but if they are successful in their drilling this stock will go a lot higher.

2007-06-04

BUY

3.500

Tobago is one of their more interesting exploration plays that they have. Also properties off the east coast, which are less interesting. Higher risk.

2007-05-09

HOLD

2.860

Going to pull their rig out of the Gulf in the next 2 weeks and move it to Trinidad. It will be the start of a 3 well program. Each well has a nearby, massive successful play in natural gas. Will be volatile.

2007-04-24

Comment

2.880

Dennis Da Silva

This is a stock you want to own when they are drilling high impact wells. We'll be drilling offshore Trinidad and Tobago. If you own and have the stomach for the volatility, Hold otherwise Sell before they finish drilling.

2007-04-05

Comment

2.190

Currently drilling a well in Trinidad that looks interesting. Stock may react well on this and could be a good exit point. This company takes higher risks and can get higher rewards. More speculative.

2007-01-16

DON'T BUY

2.480

Peter Hodson

Their assets are OK. Not his favourite company. You can do better as far as a management team and as far as a exploration prospect.

2006-06-06

BUY

2.550

Has some very interesting land in Trinidad Tobago. Not drilling yet. Views this as a trading company because of its historical volatility pattern.

2006-04-13

BUY

2.380

Has the east coast which is high risk/high reward. Have a Trinidad play which is exciting. Their Drumheller exposure looks quite interesting.

2005-11-30

WEAK BUY

2.470

Doing abouit 3,000 BOE's a day. The wild cards have been the Canadian east coast where they have large land spreads where they've been drilling for big gas opportunities. Drilled 2 D&A's (dry and abandoned) and they are hoping to drill more in '06. Also have operations in Trinidad, but not sure about getting drilling rigs. He doesn't cover this one.

2005-11-22

BUY

2.020

Doing over 3,000 BOE's a day on a shallow gas play in the Drumheller area. Have 2 high impact projects (east coast Canada and Trinidad). The next high impact well will be drilled in Trinidad, hopefully by the end of this year. If successful, it could be a very significant multi TCF potential gas play. Downside protection on this stock is $0.40/0.50 from today's price with an upside of many $'s.

2005-05-06

BUY

2.150

Their big home run potential is Trinidad. Supposed to spud sometime in the next quarter or so. Expects there will be an announcement fairly soon. Will be volatile.

2005-03-23

DON'T BUY

2.740

A very aggressive company. Their deep probe off Nova Scotia proved to be a bit of a dud. Seismic looks good, but Deep Panuck just hasn't panned out. A probability of more drilling in that area. Have some assets off Trinidad where Talisman has done very well. Speculative.

2005-02-21

BUY

2.050

Has 2 fabulous plays and Patience required. waiting to see who their partner is.

2005-02-14

TOP PICK

2.180

Has significant upside through the drill bit. Have a base of assets in western Canada. Also have the east coast plus Trinidad. Hopeful on the east coast drilling.

2004-11-08

DON'T BUY

1.780

Not a fan as management is too promotional. Can't imagine any more negative that could happen. If the company has another run-up, exit.

2004-09-03

DON'T BUY

1.810

Starting 3rd well on the east coast. 1st two had mixed results. There's a lot rolling on that one well. High risk. Caution.

2004-08-25

WEAK BUY

1.980

John Clarke

Had some problems on the East Coast of Canada. Have attractive acreage and potential but at the moment, there is new management and this might be a buying opportunity.

2004-08-05

TOP PICK

1.830

Alex Squires

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

WEAK BUY

2.030

Production in Western Canada. Know for their activity in Eastern Canada.

2004-07-09

DON'T BUY

2.150

Gavin Graham

Involved in some litigation. Oil and gas exploration. Pretty risky.

2004-07-06

DON'T BUY

2.220

David Taylor, MBA, CFA

Not a fan of management. Wouldn't touch the stock with a 10 foot pole.

2004-06-22

WAIT

1.780

Bill Harris, CFA

There is a pending lawsuit out of the US. Would like to see this issue resolved. Have big drill targets on the east coast which are very expensive. Assets in the West have a value of $1.50.

2004-06-04

WAIT

1.570

John Clarke

East Coast well had disappointing results. Has some exciting leases off Trinidad which will probably be focused on more.

2004-04-26

DON'T BUY

1.720

Laura Wallace

Has been the subject of a lot of negative news. Unless there is a more definitive financing to develop its East Coast gas discovery, would prefer more established companies. Too early.

2004-03-18

DON'T BUY

4.190

Has been a bit of a “ roll the dice” game. Good promoters, so you have to take your chances. Speculative.

2004-03-05

BUY

3.900

Gavin Graham

There is a rumor that they have hit something big off Sable Island. Smart management. An interesting play.

2004-02-24

WEAK BUY

3.400

Bill Harris, CFA

True value would be $1.50. The balance of the share price is made up of speculation on their Sable Island exploration.

2004-02-16

WEAK BUY

3.540

Nothing happening in stock. If they hit, they will do well. Very cautious.

2004-01-29

DON'T BUY

3.250

If they hit on the drilling off Nova Scotia, there should be lots of upside but if they miss, it will drop a great deal.

2003-12-30

DON'T BUY

3.360

Have a number of exciting plays going on. Has had a good run and maybe getting ahead of itself.

2003-12-18

BUY

3.170

Have just started spudding a well off the coast of Nova Scotia. High risk/high reward. Have interesting assets in Alberta and Trinidad.

2003-11-24

SELL

2.750

Robert Lyon

They have two main assets, Western Canadian General Oil & Gas plus offshore acreage on the East Coast. Seems to go up when they are drilling offshore, but falls off on disappointments. Some positive speculation now. Buy when it drops.

2003-11-10

BUY

2.200

Core asset is in Drumheller. Target is $2.50 which does not include exploration for the upside which has significant potential. Downside risk is $1.80 but upside could be greater than his target price.

2003-10-03

WEAK BUY

2.020

Not a fan of the president. They have a good piece of property.

2003-09-19

WATCH

1.920

Not a big fan.Put a lot of eggs in the Nova Scotia shelf basket.Hasn't turned out that well.Getting back on its feet in Alberta.

2003-08-01

BUY

1.630

Robert Floyd

Interesting speculation. Has interesting possible upside.

2003-07-04

DON'T BUY

1.580

Not a favourite. Too many eggs in the Nova Scotia basket.

2003-06-26

DON'T BUY

1.300

Eric Bushell

Thei Canadian assets are worth about $0.85/0.95. Bulk of their worth is on the esat coast which had some dry holes. Speculative.

2003-05-28

DON'T BUY

1.470

Peter Hodson

Not a fan of the management. (Issued cheaper stock to US after they had issued to Canadians.) Just did an acquisition which may be too big.

2003-05-12

BUY

1.520

Have drilled in the Lady Fern area, but have not released their results which is a little uncomfortable. High risk/high reward.

2003-05-01

DON'T BUY

1.500

Encana asked the Nova Scotia government for a moratorium on drilling requirements. This will put a damper on other companies coming in, so created a cloud for Canadian Superior Energy.

2003-04-25

DON'T BUY

1.730