A Comment -- General Comments From an Expert (A Commentary)

Higher risk/high reward. Management owns 14.5%. Current production is 2100 barrels per day but expects to end the year with over 3000. Goals of over 5000 for 2005.

(Past top pick May 27/04. Up 6.3%.) Chosen because of a potential on the corporate development side which is still a possibility. The company is potentially for sale.

(Past top pick June 18/04. No change.) Possible merger with Coor's.

Has had a little bit of trouble getting going. Rumors have it going into an income trust.

A fairly good trust. Have some good prospects. Trades at a slight discount to some of the larger cap oil/gas income trusts so it's tougher for them to maintain their production levels through acquisitions. Could be a takeover in 2/3 years.

(Past top pick May 21/04. Up 8.5%.) Currently on an up trend line. Still likes.

A tremendous company. Has sold off with the retreat in the market. Good price.

Concerned about the housing/auto side as the consumer gets squeezed by higher interest rates. Expectation is for a very slow decline in housing starts.

$4.50 target. Many exploration programs. Have home run potential

Target of $5.00. Great potential in exploration. Keep on exceeding my numbers.

The company is up for sale. Probably won't go for more than $4, so a pretty thin spread to work with.

A very good company. Lack of liquidity is a problem for institutional investors. Expects to significant slowdown in spending which will affect auto sales.

Has suffered lately. Housing starts are down. An impressive company. Good management. Won't see the growth that they have had in the last four years.

Model price of $55 suggests a substantial increase, but he still wouldn't buy it here. Has big earnings which is creating a growth in the balance sheet. Other stocks he'd rather buy.

Thinks it's the cheapest of the companies. Good price.