If there is an oil price correction as expected you might see the stock below $1.30. If the stock has not corrected by end of September, early October then you want to be a buyer

Natural gas. Good operators and great land spread in Western Canada. Very strong balance sheet. On a 3 to 5 year time horizon he thinks the stock is potentially a double.

Good management and good assets. Below $15 would be a great entry point.

Bringing on an oil pipeline system into the US, which will bring a lot of upside growth. Once natural gas prices recover in the next couple of years, they will be involved in any expansion in Western Canada.

New management changes. Just announced their first deal in Egypt with Premier Oil Overseas taking on wells that can do a couple of thousand barrels a day. They will take a 10% interest. Looking for more deals and he is hoping they will be up to do that. Stock is at about $.17 and they have about $0.08 in cash.

Heavy oil project in Albania. Good management. Having good success with some of their horizontal wells that can do 150 to 160 BOEs a day but generated only $0.03 in cash flow or $0.12 annualized. Most companies trade at 4 or 5 times cash flow so trading way above what they should be.$2.80 or lower would be his entry point.

A couple of problems. 1) In the gas business and 2) have a very high debt load. New management is focusing on cutting costs. Speculative. Consider selling for tax losses.