Benj Gallander SR Telecom SRX-T HOLD Oct 18, 2007

Still very early stage. A long lead cycle. They are trying to get over the hump. They are de-risking assets. They are trying to maintain a nice clean balance sheet. They have easy access to capital so the market is willing to finance the project. There are companies further along the process, though.

Has a lot of respect for the management team. A little bit higher risk given the plays that it has in north-eastern British Columbia and north-western Alberta. Holds this as more of an exploration play. If you are willing to take a bit higher risk, this is one that he could see a $7-$8 price target in 2 years. Not for a low risk investor.

BC, Fort St. John. LNG. One of the operators that has a very large land base. There are other bigger players in the area. There are 2-3 thousand drill locations on the property. Ultimately there could be a takeout potential. Management knows their way through this game.

She likes it. They are exposed on natural gas and station two prices which are a bit weak for another quarter or so. But other than that, if you are looking for long term growth in natural gas this company does provide that. A great quality company, but in this environment you have to be cautious.

(Top Pick Oct 3/14, Down 22.35%) It has performed fairly well in the context of this market. It is not overly levered. It gets great traction amongst some of the firms that follow it. He sold some, but will stick with them from here.

Has nat gas exposure--and he's bearish on all nat gas stocks. Market cap is way too low for investors to really care for in this sector.