InPlay Oil Corp (IPO.TO)

The $1.66 level is quite interesting. Once it gets by that, the next level would be the high $1.90 area. It has just got above its 200-day moving average, which is reasonably positive.

(A Top Pick Apr 7/17, Down 22%) They have done a great job. They are completing their current well in Q2. He recommends buying it on weakness.

This is a smaller company. A Cardium player in Western Canada. They have a good team. It is currently doing 3600 BOE’s a day and will be north of 4000-4200 by the end of the year. His 12-month target is $3.60. BV is $3. How many times do you buy a good growing company with a good balance sheet that is trading below BV? (Analysts price target is $3.25.)