A reverse takeover of Hawker resources. A problem is that its single largest property is jointly held with the retirement savings of Ontario Municipal Employees and they want a “go slow” approach. Good management. You can own, but be patient. He was a financing agent for them in the past 12 months, but doesn't own.

Doesn't own. Have sold their Syrian assets at a great price. Later this year, they will disclose their oil sands plans in Fort McMurray. Trades at 10 X earnings.

This would have been his number two pick in integrateds. Trades at 20 X earnings while Petro Canada only trades at 10 X earnings. A great stock to own for the long-term. Just coming of a rally and this may be the start of a pullback.

Doesn't own, but was a lead underwriter for financing in January. Primarily natural gas focused resulting in a bit of a pullback. Very conservative management. Have a few high growth prospects. Expect it to be midyear before there is any increase in pricing in natural gas.

There is speculation on an income trust or a merger which would result in an income trust. Something will happen, so be patient. The latter half of 2005 showed a slow growth period. A solid management team.

The Horizon oil project is a $10 billion project expected to develop 230,000 barrels a day. The project is on time and on budget.

Specialist in natural gas well fracturing. This whole business is so strong that he would both Calfrac Well Service (CFW-T) and Trican Well Service (TCW-T).

The largest independent company in natural gas well fracturing. This whole business is so strong that he would own both Calfrac Well Service (CFW-T) and Trican Well Service (TCW-T).

Feels that natural gas prices are going to be in a trough for the next couple of months. A better opportunity should be available in the next few months.

Have been involved in a proposed oil sands project. Tending to move to natural gas. Looks like it has a good future. Have also been involved in buying a refinery in Montana.

Seasonality wise, this is the time of the spring breakup and oil drilling ceases. The second quarter is the weakest one for oil field service companies. They have a large proportion of their rigs in the Rocky Mountain region which is one of the growth areas in drilling activity. Likes their story and their future. You could probably wait a couple of months for a better price. Prefers this over Trinidad Energy Services (TDG.UN-T).

Largely natural gas oriented so it has had a pretty good pullback. Has been fabulous for generating drilling prospects and growing at an above average rate to its peers. Will continue to be the number one growth story in the intermediate sector.

Prefers Ensign Energy Services (ESI-T).

The high yield does not indicate a risk. This was a recent conversion to a trust and it takes time for the sellers of the old stock and the buyers of the new trust to bring the price to its proper level.

They sold their Syrian producing assets which is good for the company. Have some good partnerships. Looking for increased production this year.