(A Top Pick May 12/05. Up 15%.) All oil service companies such as Ensign (ESI-T), Precision (PD-T), Trinidad (TDG.UN-T) and Wellco (WLL.UN-T) are doing extremely well. Had a very wet spring which tied up some of the rigs and could affect the earnings. Would look to buy under $30. Still good value.

All oil service companies such as Ensign (ESI-T), Precision (PD-T), Trinidad (TDG.UN-T) and Wellco (WLL.UN-T) are doing extremely well. Had a very wet spring which tied up some of the rigs and could affect the earnings. This one is a little trickier as they are talking about going into an income trust.

(A Top Pick May 12/05. Up 40%.) Still likes. Would buy on any dips.

(A Top Pick May 12/05. Up 20%.) This is the kind of a junior oil that you want to get into. Went up, pulled back and is starting to move again. Drilling program is in place. Has got a lot of Saskatchewan production. Not a huge amount of risk in this. Good management.

Had a big run, fell back, consolidated and then started to run again. Made a major acquisition in January, brought their production up smartly and they seem to be absorbing that. Touted as a potential income trust and there is some justification for that. Good value here.

Not as easy to analyse as most oil companies. Have significant offshore operations. Multiples are not bad. Own good properties.

A spin out of Progress Energy Trust (PGX.UN-T). Has just gone through an acquisition. Likes it. Have lots of drillable land.