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

Good management. Good assets in Brazil. Expected warm summer will increase sales.

Dividend should be safe. Higher Cdn$ has hurt. Earnings should grow.

(Was a top pick on Apr 14/03. Up 22%.) Still likes. Still has upside, but would wait for a pullback before buying more.

Shareholders could be left with nothing.

Starting to fire all its engines really well. Management is doing a good job. Likes their Brazilian assets.

Not a fan of management. Real concerns on the pension side.

Commodity prices have been weak, but feels dividend is safe. Prices of copper, aluminum and nickel are going up. A long term hold.

Looks like it will survive but too risky.

Their balance sheet is getting worse. Part of the problem is that they are paying out too much in dividends.

Good story. Has a rough road ahead because of competition. A good solid run story.

78% gas. Reasonable land position. Going to drill up to 80 wells. Steady growth.

Likes their Brazilian holdings. Fully priced.

Has momentum growth. Cheap. Great return on equity.

Very leveraged balance sheet. Have consistantly failed to give a decent return on equity.

100% unhedged natural gas. Not a fan. They disappointed the street this year. Too many shares outstanding. Weak assets on the east coast.