Ikkuma Resources (IKM-X)

(A Top Pick Aug 25/14. Down 80.91%.) This is a microcap name that has become more microcap. It was in a much different oil environment a year ago. (There is a question if this is actually down that much. There may have been a stock split involved.)

(Top Pick Oct 17/14, Down 62.64%) They actually had some booming wells. The story is still good. He would be cautious on this because there will be tax loss selling, at which time he might add.

Micro cap dry gas producer. It is about 3 times PE. The stock is pretty much dead money for now. You need a pickup in energy prices. In this market today this name would not massively outperform.

Has completely fallen out of favour. It is small cap. They tinkered with an old well and it came in very positive. They are producing at 50% of their proven production level. The fundamentals have not changed on this one. Management is very strong. It is on his radar screen to add more.

This is a recapitalized company, formerly called Pan Terra. It is basically the team from Manitok (?). Originally they came out of Talisman (TLM-T) and are at very experienced team in terms of developing foothill gas, which is extremely complicated geology. They are very well financed and have been able to acquire acreage in the foothills.

A small cap gas play in Alberta. They have tough stuff to drill, but if anyone can do it correctly, it is this group. He supports this company. You want to marry this with an oil company.

People have absolutely no appetite for micro cap stocks. He likes the management team, who are experts in the Calgary foothills. He is waiting on a well result which should be out soon and is hoping it is positive. His strong predisposition is to buy mid-cap oil, preferably light oil, with some hedging and a strong balance sheet.

Holds management in very high regard. Very specialized in drilling the foothills in Alberta, specifically for dry gas. This environment is actually pretty favourable for them, in that they are going to be able to go out and accumulate properties and also do some drilling, and save a lot of money by doing that. He is just watching this and would like to see some stabilization in the energy market before he went back into any of the energy names.

96% natural gas, but they are drilling today and expect to hit liquids. He would be disappointed if the first 2-3 wells were dry. He is holding and giving them the benefit of the doubt.

A really interesting company. The team came over from Manitok (MEI-X). They have a specialty in drilling foothills oil and gas that really no one else has a lot of technical expertise in. Probably finding pools that are sitting there and have never been discovered before. The current environment with the price of oil probably works to their benefit, because they are able to go out and accumulate properties, when nobody else wants them, and probably get fairly good prices for them. Fairly early with the story. Will probably be an exciting story over the next 3-5 years. If you have that kind of time horizon, this will be a great stock.

Have a strong technical team and are very specialized in Foothills drilling. Thinks this is going to be a great growth story over the next 5 years. If you have a longer time frame this is a fairly attractive price.

Was buying this stock this morning. Was a past pick a month and a half ago. This is an opportunity.

They did a share consolidation. It is trading ridiculously cheap here. TD is estimating 80 cents of cash flow next year. Great balance sheet and good growth.

It is a very new company It is a high risk name. One of the few remaining management teams experienced in the foot hills of Alberta. Not a lot of predictions of production forecasts. They are just waiting on drilling permits over the next three months. Expects them to do more deals. Give them the next year.

Did a very good at making the acquisition at a very low multiple on the deal. They should do well as they come out with a couple of quarters after the deal.