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Michael SprungPetro-CanadaPCA.TOTOP PICKOct 01, 2007

Likes their diversification within the industry. The proposed Alberta royalty changes will affect the conventional oil/gas companies and the impact could be fairly major. Expect this company would be affected by less than 10%. Sees their production growing from 350 million BOE a day to 425 over the next couple of years.

Michael Sprung

Owned

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$56.60

Stock price when the opinion was issued

integrated oils

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(A Top Pick March 30/09. Up 36.71%.) Absorbed into Suncor (SU-T). See Top Picks.)

PAST TOP PICK

(A Top Pick Feb 24/09. Up 76.35%.) Merged with Suncor (SU-T) and he holds their shares.

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(A Top Pick Feb 2/09. Up 30.2% Using Suncor (SU-T) prices.)

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(A Top Pick Jan 9/09. Up 65.9%.) Merged with Suncor (SU-T).

PAST TOP PICK

(A Top Pick Nov 18/08. Up 91%.) Acquired by Suncor (SU-T), which he still owns. Lightened up a little. There will be a lot of opportunity.

PAST TOP PICK

(A Top Pick Oct 16/08. Up 107%.) (Now Suncor (SU-T)) A dominant player. Well diversified across gas, oil, oil sands, upstream, downstream. Will be the bellwether stock in the oil/gas industry.

PAST TOP PICK

(A Top Pick Sept 23/08. Up 17.4%.) Acquired by Suncor (SU-T).

BUY

Merger with Suncor (SU-T) makes all the sense in the world. Very good combination. You get the oil sands along with a cash flow that will come from their more conventional assets.

SELL

Merger with Suncor (SU-T) is pretty much a done deal. Doesn't think this will go any higher so he would sell and pick up more Suncor, which is in the penalty box right now.

BUY

Merging with Suncor (SU-T). The reason to buy either is that they have a production profile that could grow dramatically. If you are positive on energy over the next little while, it makes a ton of sense to have a senior company like this.

BUY

Merging with Suncor (SU-T) and would prefer to buy this rather than Suncor as the deal risk is minimal. Thinks government and shareholders will let the deal go through. A cheaper way to go.

HOLD

(Market Call Minute.) Continue to hold for the merger with Suncor (SU-T).

HOLD

Thinks the acquisition with Suncor (SU-T) is going to go through. If you own, tender your shares and own Suncor.

BUY

Likes the merger with Suncor (SU-T). You should buy the cheaper of the two, which is this company.

HOLD

(Market Call Minute.) Screening reasonably well. Prefers others.

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Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Michael SprungPetro-CanadaPCA.TOTOP PICKOct 01, 2007

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