It’s a great strategy that they have with China and Mitsubishi. In both cases the partner is picking up more than half the cost. This name he rates a hold because it is quite large (5’th). Everything is looking good but they have not given any clarity as to what will happen post-conversion.

Would be one of his least favourite names in this space. High exposure to Natural Gas. Avoid.

Has some perspective wells. A low cost operator and developer. Feels comfortable with this name.

This is a name that is a street darling. Guys running it have done an incredible job of putting together a set of world-class assets. If you compare valuation to others, it is not a cheap stock, but is attractive to investors.

An international, oil weighted story and the market is keying off on this.

This stock is a trader. Only 5 years of reserve life. They are successfully avoiding some of the shallow gas. They are gas weighted.

It’s cheap. It definitely is undervalued. Hold on to it.