Rally Energy Corp (RAL.TO)

This stock is on his watch list. He has met with the company. They have heavy oil production in Egypt, natural gas in Pakistan. Working on building up assets. Working on increasing their production. Could be attractive. The stock has done quite well, if you own it , stay with it.

Likes this story. They have heavier oil in Egypt and natural gas in Turkey and some small Canadian operations. They are in areas where there are facilities saw that anything they find can be hooked up. A higher risk story than some of the other names because they haven't executed yet.

Looking at the story right now and meeting with the CEO shortly. They have a 2,500 BOE a day heavy oil field in Egypt. Could potentially double/triple that.

Really likes the team. AT the right price would be looking at it. Has other preferences. Exciting projects.

Well managed.

Risks include drilling in Egypt and drilling for gas in PEI.Technically hit a double top in January February.A little concerned.Maybe getting support at the $.65 level.Speculative.