Gas weighted in the Montney northwest Alberta, the most prolific and economic play. If you like gas this would be the one. He is inclined to wait until spring to see how much gas is around.

For a large-cap, this is a good choice. Has been very aggressive recently with the purchase of XTO, which gives them exposure to a shale play. Chevron (CVX-N) is another when you could look at.

Never owned a lot of it. Management turnover recently. Disclosure has improved since. Problem is capital expenditures. It’s a large number, but on a per unit basis it is comparable with their piers. It’s approaching fair value.

Quick service restaurants such as KFC. Moving into small strip malls. It’s a wait and see.

Retail REIT. Discount to net asset value (6-7%). Great balance sheet, ton of cash, finally deployed some recently, adding about $1 to the stock. Still have good cash balance. His Top, Top Pick.

This name had tones of turnover – asset sales, management, restructuring and 2 distribution cuts. Access to CMHC financing (4% or better). It’s a consolidation play. They did a good job of managing debt maturity profile. Trading below net asset value.

Great Portfolio, good management team, sustained payout ratio and low leverage. Largely exposed to Manhattan and Calgary offices. They have weathered the storms. Cashed up for certain. Great Name, worth $14, he would buy at $12.50. Trading below net asset value.