Favourable outlook for next 2 years. Light oil focused and good strategy. Potential for further development using water flood and other techniques in the Bakken. Have gone to the market too many times to raise equity capital for an acquisition. Metrics for this acquisition is $106,000 a flowing barrel where average is $70,000-$80,000. Wait for a better entry point.

Lots of land. Pays a decent dividend. Some good growth in front of them. Lagged their peers who have gone into horizontal drilling and fracing. Not a screaming buy, but a name you could hold.

One of the parties involved in the Gulf spill. Have one of the best US land operations anywhere and they are gaining share. Very sophisticated operations. Just had a blowout quarter with $.52 in earnings versus $.32 that was expected. Looking for 30%-35% upside.

Controversial but thinks it's time. Basic company and thesis remains intact. Some of the best oil/gas leases anywhere in the world. Will increasingly be a “go to” name. Can see 35%-40% upside.

Oil focused. Announced a distribution cut, which was an overhang as no one knew what was going to happen. Have entered into several very smart joint ventures to develop fields and reserves that could add 1 billion barrels or more at virtually no cost to them.

Cheap. Petrobank (PBG-T) would be a better way to play it as they hold an interest in this plus Petrominerales (PMG-T). The problem with this stock was that they had over promised and under delivered.

Heavy oil exposure in Albania. Initial concern was if they could meet exit guidance for the year and he feels reasonably confident that they will. Also potential for development to the west of them. Sitting on a very significant field.