Tourmaline Oil Corp (TOU.TO)

Likes this going forward. It of course is suffering because of what has happened to the price of oil and the implied price of natural gas. He would like to see a bit of a base building in this and other energy stocks before jumping in.

Had a nice bounce back but is now hitting lows again. A high-quality name. Good growth story. Superb management team. These are the types of names you want to focus on when we do hit bottom in oil/gas.

Sold a week ago, but nothing to do with the company, but taking a bear position in natural gas. Prefers Seven Generations. Hold if you are bullish on Nat Gas.

This is one of the better companies that we have in Canada. Gold plated management team with some high quality assets. Thinks there will be acceleration in production because they are ramping up their capital spending in the number of drill rigs they are employing. We should have a fairly reasonable year in gas prices and this company should perform as well, if not better than the rest of the group.

A natural gas producer. If she got really bullish on natural gas, she would buy this. It’s a low cost producer. It is on her watch list. They have all pulled back. In the oil patch, she has tended to stay with smaller producers, which this one is. She would rather own a company that pays a dividend.

(A Top Pick Nov 19/13. Up 18.82%.) Very, very experienced strong management team that has delivered. Had a very marginal miss last quarter. Cash flow growth and production growth is going to be great over the next 2 years. Their forecasts show the debt being repaid. They are always expanding and building their infrastructure.

Do not get rid of it. This is the one stock in the Canadian energy sector that you have to own. They just added some capacity. Hopes one day it gets taken out. Buy on dips.

Does not pay a dividend and he is primarily a dividend manager. TOU-T has put up fantastic growth numbers, but it is a lot of natural gas. Great guns growth story. He wants a more long term sustainable business model.

It is a highly recommended company by brokerage firms. It could be a little rich right here. But he likes to buy companies that a lot of people recommend.

One of the few in an uptrend. This last corrective period was just US$ related. You are near the bottom of the trend line. It looks fine.

(Market Call Minute.) Likes natural gas and this has been a star.

The oil prices are down from the $106 level to $91, but if you look at the two year futures, they are up on the year. If you look at the discount from the current price, it widened to 15% and is now back down to 3. Most of the correction is over. TOU-T is a great company. He did not buy it because it was new. CPG-T has had a history of buying up companies in their area that are doing well, so potentially could acquire TOU-T.

His model price is $48.11, a negative 6%. It is hitting right on its value. but it has had a negative transit of EBV +4. He would be very watchful. It looks like it wants to go to EBV +3 of $41, which would create some value.

(A Top Pick Oct 8/13. Up 31.17%.) They continue to hit the ball out of the park. Will exit this year at about 150,000 barrels a day equivalent. They have a huge contiguous land with all kinds of different zones that they can build. 2016 will probably be at about 250,000 barrels a day. It always looks expensive. Strong management team. You can’t go wrong owning this kind of company. He would use this weakness as an opportunity to pick away at a great company at a very reasonable valuation.

Down 15%, so you can buy this at almost an average multiple, which is the 1^st time you have been able to do that for years. Great track record and great management team. Thinks production BOE’s per day goes from 120 this year to almost 250 by 2015, a double.