Fantastic Canadian company in terms of groundbreaking, global technology. This is part of the problem of all the gas we have. As always found it a lot more cyclical than what it should be. Incredibly cheap at 4 or 5 times cash flow. He is very close to buying at but it is right in the middle of the US market saying “we're not drilling any more gas wells”.

5 to 10 years from now this will be a much bigger company and the stock price will be significantly higher. Trading at 4.5X cash flow. Great growth prospects. You want to buy this when the world is negative.

3 years ago it was becoming one of the higher oil sands operations. Right when they were in the process of getting their costs down, they bought Petrocan. Have done a pretty good job and is on his list but prefers Canadian Natural Resources (CNQ-T).

Great, Canadian, mid tier producer but is suffering from all the things in the industry. The amount of oil is being caught up in the differential issue. Natural gas prices are so low it is hard to justify owning anything. It has to be “Best in Class”, almost no debt and, lowest cost producer. Good company but not the best.

Copper has not come off that much but there is the expectation that it is about to roll over and the stocks have rolled over. This company has already been bought and no one can take over Rio Tinto’s position. It has one of the great resource deposits on the planet and is going into production. When it is up and running and they can prove it works, it should trade at $20-$25. Probably not a bad pick.