N/A

Investing. You always have volatility in oil, be it geopolitical, or whatever. We could have $100 or so as the floor for oil for the next few days or so. There is $15 in the oil price for reserves that are off line around the world. It will trade around $100 for a while. Gas is a buying opportunity now that we are trading back at the $4 level. Thinks we will almost get our gas reserves up to where they should be by winter. Our cool summer is bad for Natural Gas, but he thinks we will have another cold winter. There are hot oceans in the Pacific east that are causing rain to keep our temperatures lower. He is predicting a $5-$6 gas price over the next few years.

STRONG BUY

Still likes it tremendously. You won’t see 100% return like in the past, but you have room for it to go higher over the next 12 months. The big spike was an increase in market multiple and the multiple expansion in all Natural Gas Stocks. They may sell a non-core asset and raise cash to buy a new higher speed drill rig.

DON'T BUY

Continues to look at it as a value play but finds others are preferable. It is cheap on a multiple level, but has too much debt to grow earnings in a meaningful way. Prefers WCP-T.

STRONG BUY

Number 4 or 5 in his fund. Pulled back after selling assets, but in his opinion is now a better company. It is down really hard today. You have to have a 6 to 12 months horizon.

SELL

They have too much debt. They are diverting assets to pay down debt. Sell it, take the tax loss and switch into another name that is firing on all cylinders.

BUY

Just did a financing. Likes the visibility for this company. Propriety fluids and liquids for drillers.

BUY

Second favourite driller. Thinks they will have a strong quarter. They are now more efficient after lowering costs. Will benefit from increased cap-x spending.

PAST TOP PICK

(Top Pick Aug 15/13, Up 78.79%) Repositioned from a pure growth to a growth and yield story. Brought in a new asset. You won`t see it this much higher in a year but it will certainly appreciate.

PAST TOP PICK

(Top Pick Aug 15/13, Up 39.15%) It was acquired and you now have SGY-T shares.

PAST TOP PICK

(Top Pick Aug 15/13, Up 52.37%) New management; being more efficient with assets. Still undervalued.

WAIT

He is kicking the tires. Still looks cheap. Wants to see another two to three quarters from this company to judge running room on the new play.

BUY

Pays a good dividend. A little less volatile than TOU-T. It moves around and you have to be ready for it.

PARTIAL SELL

The big run and the easy money is over. Likes the natural gas. Take some money off the table due to lack of catalysts.

BUY ON WEAKNESS

Sells most of oil at Brent pricing. If you can get it in the $60s that is a great price.

BUY

Can make money in a three dollar gas environment. Likes it for the longer term lower volatility. Split your investment between this and ARX-T.