Pacific Exploration & Production. (PRE.TO)

(A Top Pick Dec 13/12. Down 17.55%.) Still feels the company has a lot of potential, but the marketplace just hasn’t been too kind. Increasing production and getting their permits. Haven’t made any mistakes. 3% dividend.

(Market Call Minute.) Very attractively priced. Trading at 2.4X cash flow versus its international peers at 3.6.

Has been growing fast by buying up and consolidating Colombian oil companies and he can see this continuing. Colombian government has not been especially friendly to the mining side and has affected its paralysis by lack of decisions. The oil side has been working pretty well.

(A Top Pick Oct 19/12. Down 7%.) They just made an acquisition and took some write-downs that have not made him very enthusiastic. Expecting good growth potential. A lot of opportunities in the area of Colombia they are working. Dividend is up to about 3%.

International oils are getting a 2^nd look and this one, along with some of the other names are looking good. The problem with this had been a shorter reserve life, but the recent acquisition will help the life a little bit. Valuation is going up with international oils. They are in Colombia, so there are obviously some political risks, but it is somewhat more stable than people would believe. 3% dividend yield.

He would buy it here. It is a pretty good name and trading line with its peers. Had good results in Peru and Brazil. $26 would be optimistic for a one year target.

Excellent company. Located in Colombia, Peru and Brazil and have had some good results. Looks very attractive but unfortunately, people tend to throw the baby out with the bathwater when commodities come under pressure. Guilt by association rather than the fundamentals.

Largest independent oil producer in Colombia and have lots of drillable property. Selling into international markets, which are significantly higher than in North America. Just made a gas discovery in Colombia. Trades at a very reasonable multiple. Dividend yield of 1.8%.

(Market Call Minute.) Good name. Good growth and should continue to do well. Relatively attractive valuation.

Very low multiple. Indifferent payout but he considers it a growth stock. Selling into the international market. Suspects that they will get back into Venezuela in the next little while. In the meantime, they have great drilling prospects, production is increasing at a good rate and a good recommendations from people that know, in the oil patch. Very reasonable price.

Relatively low dividend but great success in finding oil in Colombia, which he feels is a reasonable political environment. Trades at a very low multiple. Results have been very consistent. Also, they are getting international prices.

Has no exposure to Colombia, which has been a disaster the past 1-1.5 years. The agency that issues environmental and drilling permits has had enormous backlogs. At the same time there has been an increase in kidnappings and pipeline bombings.