Tourmaline Oil Corp (TOU.TO)

(Top Pick Feb 02/12, Up 27.90%)

Core holding in energy side. 31,000 barrels of production last year, 50 this year. Great land mass and great management team. Sky is the limit over the next several years. Cold weather early this year is going to help.

This company can survive in a $2 natural gas environment. Management has done a great job in creating shareholder value. Have great operational focus. Low-cost producer. Expects them to potentially double production from now to early 2015. Great growth story.

If you are bullish on natural gas prices you want to be long this one. Have a top tier management team that has amazing assets and will continue to build up a wonderful asset. Valuation is not super cheap but this is an excellent hold as long as you don’t think gas prices are going back down to $2. Would prefer it in the low $20’s.

Considered one of the top tier companies in Calgary. Management team second to none. Third go round. Within 24 months this one should be sold also. Just over 50 BOE a day. 30% growth this year, which is unheard of in this kind of company. Short positions have almost evaporated at the $25 mark. It is not for the feint of heart.