Hugh Cleland, CFA Grand Petroleum Inc. GPP-X BUY Sep 07, 2006

2 small cap natural gas companies recommended are Grand Petroleum (GPP-X) and Kodiak Oil & Gas (KOG-X). Lot of respect for management. Trades at one of the lowest cash flow multiples in the patch. Low risk. 50/50 oil and gas.

Hugh Cleland, CFA

Owned

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$4.630

Stock price when the opinion was issued

oil gas

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One of the cheapest oil/gas producers in the Western Canadian Basin. Current price puts them at 25,000 per flowing barrel which is extraordinarily low. Growing nicely with continue success with the drill bit. A very accretive acquisition for almost anyone.

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Hugh Cleland, CFA Grand Petroleum Inc. GPP-X BUY Sep 07, 2006

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Grand Petroleum Inc.(GPP-X)

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