Looking to acquire Crocotta Energy (CTA-T). People that own this like it because of the stability of its income. The acquisition will build that case. A good, solid, dividend paying company, with some upside. There are other dividend players that he thinks may be a little more attractive.

It is not often that you see a bought deal that is re-priced and re-sized. Clearly someone made a mistake. This has been a pretty dynamic business, and has done a very attractive job of attracting joint venture money to their capital program. Their Cardium play is very robust. Suffered some short-term production curtailments because of plant turnarounds, of which they had no control, so he would not give up on the stock. Still thinks there is some upside.

Being acquired by Long Run Exploration (LRE-T). The company that is being spun out of this company, Lucrotta (?) is going to be a Montney focused gassy producer, an area he really likes because of his view on LNG. If you want exposure to Montney, the Lucrotta is going to be one of the “go to names”. Team has a great record of adding value and growing production, and are now in a very robust dynamic Montney play that is well financed.

A great name. Made some acquisitions to lighten their production mix. Still sees this as a name, given the robustness of their plays, that could have the potential to be a $2 cash flow number, which would infer a $10-$12 stock. Very excited about their prospects.

Principally an oily asset base. Had a tough go proving to the market that the dividend is sustainable. This is obviously why the yield is so high. There is a little bit of risk to the dividend. When oil prices have been incredibly robust, this is probably more secure than when oil prices were to sell off a little. There seems to be a negative tone to the cross-border trusts. Feels the dividend is 80% safe. If you like oil, probably not a bad place to be.

Very well-managed company. A stock that he tends not to have to worry about regarding dividend risks, etc. One of the low-cost operators in the basin. Dividend is secure. This is a name that you can sleep at night without worrying about. At this price, there is a pretty convincing argument that you might want to buy more.

Struggling. They suffer from a balance sheet that has been stressed. Made some moves to try to rectify that. Looks like production is flat to falling. Doesn’t look at this as a great growth story. There are better names to own.