Transatlantic Petroleum Corp. (U) (TNP.TO)

A clear Sell. Wouldn't Short. Making new lows pretty much every day since April. Volume has completely dried up.

(A Top Pick Aug 16/06. Down 31.4%.) A very volatile stock. Trades between $.70 and $1.20. Good buy at this price range. They have a project where oil was pumped out and a gas cap was left. They are trying to drill a new well to test the gas cap theory. If successful, they will do extremely well. High risk.

Bought property from Amoco last year. This was an oil reservoir and the hypothesis is that it has a very large gas cap. Hopefully, this year, they will be able to sink a well and test the theory. They also have other interesting projects.