Legacy Oil and Gas Inc. (LEG.TO)

You are paying for the management team on this stock. These guys are experts in oil. Brought production from 525 bpd up to 4000 through acquisitions.

New management team acquired a number of small private companies and assets so she ended up with some of their stock. Still thinks it's a little bit rich but likes where they are going with it.

Re-capitalization by a very successful management team, which has had a good track record in the past. Feels the stock is a little ahead of itself right now. Trying to consolidate Saskatchewan players in the Bakken fields. Doesn't see it as a takeover target as it wants to take over others.

Management team from 3 different companies that parachuted in with their own money. They are now the 4th biggest independent player in the Bakkens. Well financed.

Just acquired Renegade Resources. They have put together a package of Bakken land in Saskatchewan. Will be one of the largest Bakken independent producers junior-mid-cap at about 4000 barrels a day. Lots of growth opportunity.