This should be a name that you buy and put away. Likes that it is becoming more free cash flow positive and, is hinting to the markets, that dividends and greater dividends are important.

(A Top Pick Oct 26/12. Down 10.64%.) These smaller stocks have lots of volatility. Canada Pension Plan basically de-risked the story through their debt deal of around $60 million. This money can be used to pay down their bank line but now have running room to finance some pretty exceptional growth, moving them from 10,000 barrels to 20,000 barrels over the next few years. Getting liquid rich gas wells in the Montney. Easily worth $2 a share.

Acquired a private company that adds a lot of bench strength to their inventories. Good management with their most important objective being the sustainability of the dividend. They are hedging production. Heavy oil differentials will narrow over the next quarter, benefiting the price. Can see the stock moving to $2.50 in short order. Yield of 8.73%.

This has been under-owned institutionally but the wells they have been drilling recently, with new completion techniques, have been boomers. Have some running room here and he feels they can drill up to 100 wells in Big Stone East and they haven’t even cracked Big Stone West yet. An under-owned story. As gas goes higher, you will get some big buyers coming into the story. No dividend.

You have a big moving ship here with new management moving in. Laying off employees and dealing with a lot of issues that is taking their eye off the ball. Trying to divest assets in a market that is flooded with assets that are for sale. Have some heavy lifting in front of them. This is the perfect time of the year where you could sell your holdings and crystallize a tax loss.

Likes this here. Heavy oil producer, which runs about $30 right now versus WTI. Thinks this will narrow to $20-$25 by March, so there should be some tailwinds on this one. (See Top Picks.)

If Iran situation is settled, they could just flood the market. How would this affect this stock? Iran is not going to open up any floodgates in the next 6 months to a year, so there is nothing to worry about here. Also to operationally get things back on track, would take some time. He would worry more about production out of Iraq over the next 2-3 years, affecting the global energy market. Feels this company could actually increase their current 6.8% dividend.