A Buy but not a Screaming Buy. Treat as a value stock. Have lately been focusing on unconventional gas. Still need to put up some good numbers.

Hard to see a strong catalyst going forward. Will probably move up higher with oil prices but you could get more bang for your buck. Have a lot of exposure to refining, which is where you don't want to be these days.

Gives indirect exposure to the Bakkens through PetroBakken (PBN-T). Relatively fairly valued.

Did reasonably well in the last 7-8 months. A little bit of upside left to go. Good news is integration of Grey Wolf acquisition, updating its fleet with deeper rigs and have a lot of assets in the West. Has a little bit of room to go but he is sceptical about natural gas prices holding beyond the next few months.

World-class field in Albania. Has had a heck of a run and is trading at about 160% of net asset value. If you own, consider taking your profits.

Reasonable growth ahead of it. Could be a takeout candidate.

Internationally focused in offshore India. Also building a pretty big reserve base in Indonesia. A little stretched at this level.