Bruce Campbell (2) Striker Exploration Corp SKX-X BUY Aug 27, 2014

One of the few oil companies he owns. This environment probably works in their favour, because they want to drill and make acquisitions. With energy prices where they are, service costs are going to come down and they will be able to drill more. With the cash flow, they are probably going to be able to make acquisitions. This is really a long term play.

He is a large shareholder and will be joining their board in February. He is very optimistic about the company. They are producing around 3000 barrels of oil a day. It is well financed and has very little debt. It can operate in $50 oil and stay in business without any problem. They are going to be huge winners on the backside of this oil situation when the crisis is over.

They did an ill-timed IPO. Never had a fair chance in a normal market. They are going to do a reverse split and change their name. He quite likes this and thinks it still has some upside.

Strong management. Have made 2 acquisitions. Producing around 2500 barrels of oil a day. Very strong balance sheet. He bought this with a 3-5 year view and this is what you should do also. They are doing nothing right now, except minding the store.

Thinks this is a great environment for them. In a perfect environment, they would probably want commodity prices a little higher than where they are. Last summer they came out as a recapitalization, and have a solid, solid management team. The problem was, they couldn’t find anything to Buy, but now they have bought and are starting to drill out their properties and increasing production. They are going to have access to a lot of properties and projects, that they probably wouldn’t have had access to before. This is a great place to buy it, especially if you have an 18-24 month timeframe.

A cheap oil stock, but you have to be patient with it because it is small-cap. It has a very stellar Board of Directors. We need to wait for oil to move towards $60, but also for people to care about non-dividend paying small caps.

An interesting company, but not one she has invested in because it doesn’t meet all the hallmarks that she looks for. She is keeping an eye on it though. Just acquired some new assets so they are going to be doing a bit of drilling and are expecting the results in September. If you own, hold your position until you see how this works out. Very strong board. Speculative.

(A Top Pick July 30/14. Down 82.7%.) Still believes in the company. The market has not been kind to it, but the energy price environment has been. When they first came out, they were having a tough time finding anything to buy because everything was so expensive, but now some of the companies are getting rid of their non-core areas and they have been able to make a couple of nice acquisitions. If you are patient, you should continue to do fairly well on this. Sold his holdings for tax reasons, but is looking to re-enter as some time.

They have great assets. They are a Belair river company. If you are interested in this own it in a small way and pick at it as you go along.

Probably wouldn’t buy this at today’s price. The appeal of this company was that they struck a board of individuals that he had a lot of respect for. Their initial plan was to buy a bunch of Viking assets which he questioned, but they ended up switching strategies buying into the Belly River. Have had a real struggle raising capital all the way down.