Long term view is very positive. Well levered to nickel.

Oil/gas will stay a hot sector, so they should do fairly well.

Has had a few problems in meeting production as well as escalating costs. If you have made gains, lighten up.

Extemely well managed. Fairly expensive when compared to other larger cap E&P names.

Cheap. Globally diversified. Doing well in the Tar Sands.

Basically trading on the strength of its 4.8% dividend. Revenues are down. Doesn't see it going any place for some time.

(A Top Pick June 10/04. Up 14%.) Still a hold.