Valeura Energy Inc. (VLE-T)

They are in partnership with Stat Oil. The first well was to find the edge of the basin. They are cashed up 2 to 4 years. It could be one of the largest gas discoveries. (Analysts' target: $9.88).

There is a dollar to a dollar and a half of real value in it. He does not like the jurisdiction. He does not want to have anything to Turkey.

He likes this company, but does not own it yet. They have pulled back recently on the share price. Some investors may be a little worried about a gas based business in Turkey, due to the geopolitical situation.

Natural gas in Turkey. He likes the management team. They went elephant hunting and they bagged the big one. He has owned this stock before, but he is concerned about the geopolitical risk, which has been playing out recently in mining stocks in Turkey.

It looks like it has a huge amount of potential. As they prove this find they feel they will get taken out.

This is a Turkish energy play who recent announced a major discovery. He does not own it as he wonders how long it may take to bring the discovery onto production.

He says this company has assets in Turkey where natural gas is priced three times higher than Canada. The company has not completely tested their well there and their pilot well will not be online until 2019. Over 95% of Turkey’s natural gas is imported, so the potential is great. If the stock was under $2 it would make sense. He believes there are better options in Canada – this is too speculative at this time.

He thinks this company has very good prospects. The stock price indicates the market likes what they have done with the drill bit. He thinks as they continue to put the pieces in place the stock price will go higher and will become a potential target for a take-out. It has the potential to grow without the commodity price rally, he says. IF he was to buy into it, he would buy into a third now and scale in in the months ahead.