6.11% bond due Aug/25/40 with a Short of equal term of Gov’t CDN bond. Cheap.

4.72% bond due Sept 26/11. 4-month bond that will preserve your capital when interest rates blow out. You’ll still have your money and you’ll have a better idea of what is happening in bond yields.

30-year bond. Good company and well managed. A bit higher yield than most plays. He owns it as a Short against a 30-year Government of Canada bond interest rate as a hedge.

7.5% bond due August 2019. Good company and decent spread. Likes the bond but recently sold his holdings because it has come in such a long way in terms of credit narrowing.

May 2029 strip bond. Good company and great management but a strip bond is basically a leveraged play on interest rates. You want to own Strips when rates are high, not when they are low, as is the case now.

5.75% bond due march 2017. Great company and great management team. Likes longer dated Shaw paper rather than shorter dated so consider the 2039 bonds. However he would also Short a 30-year Government of Canada bond interest rate as a hedge.

A departure for him because it is gassy but is very liquids rich with gas liquids coming out of their production. Have 5 gas plants throughout the deep basin. Will probably grow production by 35% next year. About to convert to a Corp which could become more attractive to common stock investors. 4% yield.