Longer term it looks interesting but he needs a better understanding of the decline rates. Decline rates now are closing in on 40%, making it difficult for them to grow. Spending a lot on exploration in the Cardium with some results being just OK. Needs to see some improvement out of the Cardium.

A lot of mining stocks are bumping up against where he thought they would be. Wouldn’t put new money in at over $50. Likes their prospects. Good copper and coal exposure.

Not enamored with this one. Have some operational challenges with some of their properties. Prefers Goldcorp (G-T) because over the next 5 years they will be growing production by about 60%.

Most REITs have done exceedingly well because of lower interest rates. Yield of around 6%.

(A Top Pick Oct 22/09. Up 28.21%.) Still likes.

(A Top Pick Oct 22/09. Up 11.81%.) Still likes.

(A Top Pick Oct 22/09. Down 29.88%.) Sold most of his holdings in this. Fully valued.