Likes the recent partnership deal with BP of sharing oil sands in exchange for refinery capacity in Toledo. Also have some good prospects in southeast Asia. Has a good yield.

One of the best utility managements in Canada. Has the feeling that they are just about set to roll again. Yield of 3.5% is not bad.

Things are starting to pay off. Have increases in production. Unhedged. Have a lot of good assets.

(A Past Top Pick Dec 27/06. Up 6.9%.) Not as enthused as he was last year. 08 looks more like a “ho hum” kind of year. Took some profits and switched to integrateds, Husky Energy (HSE-T).

(A Past Top Pick Dec 27/06. Up 52.1%.) Multiples got a little bit high so he took some profits. Still likes the area but the stock is a little bit expensive.

(A Past Top Pick Dec 27/06. Down 53.7%.) A well run small cap, but gassy. Hasn't sold any of his shares. Still has the potential to recover.

Canadian National (CNR-T) and Canadian Pacific (CP-T) are economy stocks. People are worried about the economic progress in 08 and into 09. This one is probably more exposed because they are more south of the border. Could drop further, closer to $40.