Razor Energy Corp (RZE.V)

Has recently gone to a dividend model. They are giving investors 16 cents for last year and 0.125 monthly rate this year, which works out to about a 5% dividend yield. They produce about 5000 boe per day. They have very low decline rates. He likes the management team. They are among the few companies that have done very well this year. There is a liquidity issue because this is a very small cap company. This is one of the names on his coverage list. Yield 5%.

He covers this small cap company. It only has a $49 million market cap. This company does a lot of well recompletions, where there have been historically low recovery rates. He likes the company and management team. He has a target of $3.50 for the shares. Anytime it trades down on weakness it is a buy.