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

Margins are pretty good. Reasonable dividend. At full value now.

Has had a number of problems, competition, low metal prices and a union strike in Quebec. Pays a high dividend, but could be cut. Dead money.

A lot of natural gas. A phenominal buy at this price. Lots of upside.

Shareholders will eventually lose.

Rally is based on hedge funds covering their shorts.

Due for a run up. Would prefer Teck Cominco.

Top Short Good time to get in when the stock is going to be worthless.

Extremly large land base in the North West Territories. Lies right alongside the pipeline.

New management is doing well. Should go higher. Good properties and good wells.

Reasonable land position. Can't see why its jumped around so much.

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.