Tuscany International Drilling (TID.TO)

Relatively new IPO at $1.50 last year. Experience management. Drilling rigs in South America. Huge growth. Using next year’s earnings multiples, they are drilling at less than half of their competition. Not widely known.

(A Top Pick Oct 27/10. Up 50.4%.) Sold his holdings at around $1.55. Now trading around 5.5 times enterprise value EBITDA and the group average is about 6. Easy money has been made.

Drilling company. Off the radar screen of most institutional investors. $50 million in debt, which is pretty manageable. Have 16 rigs and there is a shortage in South America. Expects a 33% bump on next year's estimates. Trading at 3.7X enterprise to EBITDA and should be 5X to 6X.