Gear Energy (GXE.TO)

(A Top Pick Oct 23/14. Down 65.96%.) He did an analysis and felt they could make great returns at $60 oil. Sold his holdings in the 1^st week of January. At this oil price, this company is really sitting on their hands. Still likes the company.

(A Top Pick August 6/14. Down 65.57%.) Heavy oil in Western Canada. Still a very good company.

Owned until $3.50 in his fund. He prefers stocks that can stand a $70 price environment. This is not the time to own small cap stocks.

Looks like it can grow 20% organically. Great operating numbers. 3 times next year’s cash flow. The heavy oil price is still sticking in.

Heavy oil focused producer. This is about an 8000 to 10,000 (?????). (Really didn’t say much on this. Bill.)

Has impressed him. 80% of production is from horizontal drilling. They would benefit from Northern Gateway.

Didn’t raise capital in the process of going public. Very cost focused company. $17-19 range. 15% per share growth predicted. On his watch list.

Heavy oil focused producer with a good management team. Just went public in November. Trading at a multiple on cash flow that is dramatically lower than their entire peer group. Two new coverages by analysts today, so you will see people start to cover it, creating more interest in it, and institutions will start buying. Great valuation.