Over the next 3-4 years? If you are looking out 3-4 years, he would guess oil prices would be over $100. His concern is that to be a buyer right now, the stocks get hit hard as this oil is higher cost with $60 breakeven. If you hold for 3-4 years, you will eventually do very well.

Would you buy this and use a DRIP strategy to build a position over the next year or 2? This one is getting very, very cheap. Has been a fabulous hedger when they have had a chance to do it. Probably have a $16 downside from where it is currently. Once we get to the fall and there is a chance for prices to start recovering, foreign investors jump to this stock. This is one you buy and put away and you are looking at a $40 target 3-5 years from now.

If there is a 20% correction in the oil and gas sector, we are going to have a greater correction in the service stocks. They are the high beta portion of the oil patch. They move much better in the upside. With lousy gas prices, the amount of fracing is less and the amount of activity will start being less.

Big fan of this story. Has a target of $4. Being hurt now because of the natural gas malaise. Also one of their wells in the Montne, which was more of an oilier well, didn't have as good results as their 1st couple. Have a great land spread and is one of the lowest cost structured companies. Very cheap, but could get cheaper.

(A Top Pick May 10/11. Down 40.32%.) Doing about 15,000-16,000 barrels a day of which 37% is liquids, 5700 BOEs a day. Has a nice spread in the West 5 area. Cheap but it could get cheaper.

(A Top Pick May 10/11. Down 54.37%.) Have sold their gas assets and paid off all their debts. Focused now on the Cardium oil. Doing about 67% liquids. His target is $4. Could get cheaper in the next two quarters. Table pounding buy under $2.

(A Top Pick May 10/11. Up 43.86%.) Located in Kurdistan. Their wells can do 10,000 barrels a day when they come in. Good management. Target of $2.10.