Trilogy Energy Corp (TET.TO)

Liquid rich Nat Gas play. Made the most impressive discovery in Alberta in a very long time. They are taking the cash flow and applying it to another project. You are continuing to see the economics improve as they figure out how to drill these wells. If we are lucky it could be taken out for $45-$60 within the next year.

(Between Husky (HSE-T) or Trilogy (TET-T), which company should be kept?) Of all the medium-sized and higher companies, this one is the most likely to be taken over so he would hold this. It has great oil weighted growth in Western Canada.

Down because of gas but has really high growth coming.

It has been outperforming its peers so technically it is favourable, but don’t go overweight.

Likes it a lot. Had miss-steps over the last two quarters. Spend a lot of money fixing problems. He likes their profile now and thinks they will report well in their 4^th quarter. He has confidence in their company and assets. Lots of growth coming in 2013.

Primarily natural gas producer. With the weakness in natural gas pricing over the past year, it has created pressure on the stock. Has been able to recover from the July lows indicating that perhaps some of the selling pressure has come off. Very good assets. Pretty volatile commodity and he would be careful.

(Market Call Minute) Such terrible operations, would add a little at a lower price.

(A Top Pick Sept 12/11. Up 7.16%.) Thinks it has one of the best land positions in the deep basin. Still producing some very prolific Montney oil wells. Expects to see some continued success drilling over the next couple of months. Still a Buy.

(A Top Pick Oct 13/11. Down 20.64%.) Thinks this was the best performing stock in the index in 2011. Sold his holdings in early 2012. Company is over half levered towards natural gas. When the stock collapsed, he bought it back.