Numbers beat street expectations. The market concern is that butterfat pricing will cut into their margins, but he feels the company has a lot of leeway to generate growth. The drop is a buying opportunity.

Expected to lose $.90 a share in the forward 12 months. Even if they have a turnaround, they will need more cash. Wait for a solid turnaround.

Have had three quarters profits in a role. Would prefer more niche oriented focused telecom equipment companies or Cisco or Nortel once because clear.

The clouds on the stock are pretty thick because of the FCC/OSC issues.

They more than replace the production and they don't payout 100% of their cash flow. A great energy trust. The one risk is gas pricing because the company continues to be largely unhedged.

Earnings are to be reported in early May and there are rumors that they'll miss their numbers and will take write-downs but he doesn't believe either is correct. A cheap stock and their financials will generate a lot of cash over the next few years.

An excellent long-term buy and hold. India remains the one last large unexplored territory for gas/oil reserves.