Bellatrix Exploration Ltd. (BXE.TO)

Growth on this is baked in the cake. Already have something like 35,000 BOE equivalents behind pipe so they are building some pipeline extensions. Once that is done, he thinks this quarter you are going to see production go from 25,000 to probably 40,000 BOEs a day and thinks the stock will keep pace with the growth.

Continues to love what they do. Lots of different asset bases that they are able to tap in order to generate returns. Production growth of 30%-40%. Extremely strong balance sheet. Thinks more joint venture potential with some of their properties. Based on their own capital base they can’t tap and need partners to help them out. What you can’t replicate in the energy, mining and resources sectors is a great asset base and this is what these guys have. He has a target in the teens. Twelve months out, the stock will be higher.

(Top Pick Feb 27/13, Up 47.35%) Suspects they may institute a small dividend in the next couple of years. Continues to like it. It is unique for a company of this size to put up this kind of growth.

Chart shows the stock trying to make a new high, maybe a nickel or a dime higher, which is not very convincing. There was a nice rally going into that point, but was very short. There is a lot of loss of momentum in this stock. $7.70 would be a good buying point, but you’ve got to be careful. The longer that it consolidates in the range of $7.50-$8.25, the more likely it is to go down. He has holdings and is getting very worried about it right now.

(Market Call Minute) Core holding for him. Lots of production growth, very good management team and great JVs.

Thinks this is going to be one of the top performing natural gas stocks in Canada. Stock was a little weak late last year when they acquired Angle Energy and, because of the blackout, management was not able to explain the rationale of the deal. He has them growing production by well over 25%.

Nat Gas. We have seen a nice rise here. Nice profitable place for Nat. Gas stocks. His biggest holding in the gas stocks is a top pick.

(Market Call Minute) Good growth, company and balance sheet.

(Market Call Minute) In process of buying Angle Energy but they have deep pockets with their Korean investors.

Oil and gas play. For a number of years it has had markup phases and then consolidation. Trends are not breaking here so you want to look to add to this in the zone of support.

(Market Call Minute)

Thinks the stock is good and their earnings are good too. Ultimately this is a good name to Buy. The problem is that junior oils in Canada have been under pressure for some time because a) has lagged the US peers and b) people are seeing global growth stumble a bit. Now energy is starting to look attractive. The global picture is looking better.

Have been extremely successful in leveraging joint venture capital. Rates of return on their projects are astounding, leading to top decile production growth. The stock has been drifting because a lot of analysts were on blackout during their deal.

(A Top Pick March 20/13. Up 24%.) (BNN said March 20 but we show it as April 29.-Bill.) Continues to like this one. They keep doing all the right things. Very excellent operating management team. Have large land positions in the right areas. Their 2 joint ventures will allow them to continue to aggressively pursue their lands. This will allow them to grow their bottom line as well as their production by 40%-50% in the next 2-3 years. Still trading at a reasonable multiple. In the process of acquiring Angle Energy (NGL-T). Still a Buy.

(Market Call Minute.) One of the fastest-growing growth companies in the oil/gas space. Their last deal looked pretty good.