Mainly oil but some gas exposure in the Netherlands, which is priced as a function of oil so it gets full value. Hasn't gone up as much as some of its peers. Some difficulty with sale of a Libyan subsidiary, which appears to be stalled out for a while but will create some value down the road. Well run. 7.7% distribution is sustainable.

Power generation. Relatively conservative. Undervalued. 10.5% yield. Market had concerns about valuation as it merged with its parent entity. Well run.

Natural gas distributor and service company. Cash flow is not weighted towards gas price although down the road it could be weighted towards gas production volume. Almost 13% distribution could be slightly vulnerable if gas volumes drop off a lot.

(A Top Pick Sept 2/08. Down 14.94%.) Splitting between their oil and gas operations, which will give some clarity. Doesn't create a lot of value. Great hedging program.

(A Top Pick Sept 2/08. Down 27.46%.) Going through a merger with Petrocan (PCA-T), which will have lots of ups and downs. Expect they will perform well but keep your eye on it.

(A Top Pick Sept 2/08. Up 0.49%.) Made a couple of acquisitions recently that he likes.

About 60% waited to oil production and the rest in Alberta-based gas, which is suffering. Very interesting exploration program although stock price hasn't performed as well as they would like. Will go through some tougher times but has a history of managing through that. On his radar screen.