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Today, Jennifer Stevenson commented about whether CKE.TO, OBE.TO, BNP.TO, ARX.TO, VET.TO, CNH.TO, QEC.TO, GTE.TO, OPC.TO, WAV.TO, UTS.TO, TOG.TO, BTE.TO, TLM.TO, ARN-X(dead), COS.TO, ONR.TO, PBG.TO, BNK.TO, PD.TO, CR.TO, NXY.TO, DEE.TO, ECA.TO, CNQ.TO, LEG.TO, CQE.TO, ART.V, POE.V are stocks to buy or sell.

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Page 3/3

BUY

Two long life unionized production. It’s all oil and low risk. Good holding potential and increased production.

BUY

Has been frustrating and trading in a very narrow band. The upside potential is the unconventional resource play. A long-term hold. Next 12 months depends on what they can gear up for results on Marcelus.

PAST TOP PICK

(Top Pick Sept 5/08, Down 8%) Loves it because it is oil. Heavy oil differentials are low and they get all the benefit of that. Really safe distribution.

PAST TOP PICK

(Top Pick Sept 5/08, Down 20%) Now you are going to be part of a larger entity. There is a lack of pure play large cap oil stocks in this country that don’t pay a distribution. They will have an enhanced market being larger.

DON'T BUY

We don’t know what Suncor wants to do with the Fort Hills play.

BUY ON WEAKNESS

Nice comfortable holding for 6 to 12 months. They have an asset base that is very high quality, long life. Has been through an issue where the balance sheet was a bit stretched which is not an issue going forward.

HOLD

Frustrating stock. Balance sheet problem and getting enough steam into the ground to get enough oil out. Project is solid, technology works. Wait and see if we can get the steam issue resolved. Their upgrader is built and has value.

BUY

(Market Call Minute) You have 140 Million in cash, 16,000 bpd of production and 14-well drilling program coming up.

HOLD

(Market Call Minute) If you are in it you are speculating on the Utica shell gas play and TLM is going to drill another couple of holes.

BUY

(Market Call Minute) We are going to get some well results soon. Buy half now.

BUY

(Market Call Minute) It’s inexpensive because it was weighed down by a sale.

BUY

(Market Call Minute) Valuation is reasonable. Could buy for the long term.

BUY

Very impressed with the acquisition they just did. Distribution is safe at this point. In 2011 they have the asset base to turn into a corporation that still pays a dividend.

HOLD

This is a company that was a large successful company before they turned into a trust. They have a little more debt that we like to see. Distribution not at risk before 2011 but they could turn into a growth company,

DON'T BUY

The operational performance just has not been there and the balance sheet has been a tremendous overhang. There are a lot of better places to safely sit.

Friday, September 25, 2009 Thursday, September 24, 2009 Wednesday, September 23, 2009 Tuesday, September 22, 2009 Monday, September 21, 2009 Friday, September 18, 2009 Thursday, September 17, 2009

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