Wilf Gobert

One of the better takeover candidates in the group. Has one of the lower valuations, in part because it’s one of the only large caps that doesn't have an oil sands play.

Primarily involved in heavy oil development. Had a relatively weak 2005 and the market has somewhat punished them. They are in the midst of a huge development program that will result in production probably doubling over 12 months. Summertime is the prime time for heavy oil.

Their new annual report announced that their resource estimate in the oil sands was bumped from 11 billion barrels to 14 billion. Low-cost producer in the industry with enormous unbooked assets.

The most highly priced of the oil sands smaller independent companies.

Just brought on a couple of major gas plant expansions. Within a week they will be 18,000 barrels of oil equivalent per day. Relatively high priced because of their phenomenal growth record. Their track record of drilling success has been extraordinary.

Disappointing number. A number of operational issues and will continue to have some in the second quarter. One of the cheapest in its peer groups. Have a big oil sands plant that they will be announcing.

One of North America's largest oil pipeline companies. Most closely tied to major oil sands expenditures and growth. Have $8 billion in construction projects on their drawing boards. A growth story. Terrific dividend history.

Natural gas weighted. If you want to be a contrarian, sell oil stocks and buy gas stocks. One of the better quality companies. Tremendous management team.

Natural gas weighted. If you want to be a contrarian, sell oil stocks and buy gas stocks. One of the better quality companies. Tremendous management team.

Their big story is coiled tubing drilling. A new technology for the oil patch. It's faster, cheaper and extremely well suited to shallow gas and coal bed methane drilling. There is some talk of it turning into a trust which has boosted the price.

Very highly valued relative to its asset value. Directly tied to an oil sands project that is five years away.

Have had a bit of a slow start coming out of the gate. Has a significant natural gas focus which has been out of favour. You can buy looking for natural gas to go up or wait for it to actually happened.

Natural gas focused. Projecting 8000 barrels a day in production growth versus 5000 at the end of 2005. Fundamentally cheap. A good contrarian move.

One of the best run income trusts out there. Somewhat natural gas oriented. Very sustainable.

Entered into a joint venture with Royal Dutch to explore for natural gas on their two largest concessions in the Nile delta area. Based on their findings, they will pursue a LNG project to consume the natural gas.