Tourmaline Oil Corp (TOU.TO)

Considers this a premier management team in Calgary. Running about 120,000 BOE’s a day, 85% gas, and he loves that torque. Probably a 300,000 BOE’s a day producer within 5 years.

Huge management holding. They have done a great job at seeing upside that others have not. Assets just keep getting better and better. Huge Nat Gas producer. 25% production growth per share next year.

In the last 6-8 weeks, the stock has gone sideways to down giving a very good entry price. Part of that was because of an equity issue they did. Feels this is the best managed oil/gas company in Canada. About 85% natural gas.

His biggest holding. You can’t go wrong with this. Producing about 140,000 barrels equivalent oil currently. He can see them going to 200,000 barrels a day. Sees this as growing to a $75-$80 stock over the next 2 years.

Got lower prices on natural gas liquids than people were expecting, which pulled the stock down. This lowered the cash flow, but production was pretty much in line with what people were looking at. A very, very well run company. A pullback like this, could almost be looked at as an opportunity. Very good management.

A core position. One of the hardest things to do in investing is to stay with a winning position. We are in a great market right now for energy. He doesn’t sell in May and go away. Believes there is upside in this group. Great growth and great geographical location and a good dividend. It might take a breather in here. He would continue to buy.

(Market Call Minute) Best exposure to nat gas. Great management team.

(Top Pick Apr 17/13, Up 49.31%) Beneficiary of extraordinary success through the drill bit and strength in Canadian Nat Gas pricing. They are 50% exposed and the rest is hedged. More cash flow means more money to spend and it will lead to a higher multiple. Great management team with heavy ownership and the commodity is helping them out now as well.

Very, very good performance. Set $51 as an exit price. Fundamentally it has a stronger production per share growth than a lot of its peers. Technically it looks very, very strong.

Cash flow is going to double this year. That is huge. They have found new ways to tweak old reservoirs through pad drilling, new science, and fracking. They are targeting formations where there is a lot of condensate which is very valuable. This company has a growing production from condensate. Only 10 times cash flow. It is cheap.

Set a new 52 week high during the day. His largest weighting. Bought on the strength of the management team. Could be a takeout candidate somewhere down the road. Tremendous growth ahead of it still.

(Top Pick Mar 28/13, Up 32.08%) You can`t beat the management. They just don`t seem to know how to do wrong. Grown to over 100,000 barrels a day. The president does not receive a salary.

(Top Pick Mar 20’13, Up 33.28%) The oil price plus Putin have benefited it. They are one of the best.

Looking at it carefully. They are a leader. Have terrific properties. Charlie Lake has 1200 drilling locations. Sees production growth. 15%+ capital gain expected, but no dividend.

(Market Call Minute.) The problem with this is that the earnings forecasts have been slipping and it is not particularly cheap.