High definition surveillance cameras. Captured a lot of market share, and the company was growing very, very fast. Over 50% growth for the past 8 years prior to them going public. They went public and the stock went crazy. Everybody loved it, and then their CFO quit on the day of earnings. Everybody panicked. Stock is very volatile, and this is a high-growth company in a high-growth industry. Sales growth is 50%-70%, profit margins are increasing and the company is sitting on about $100 million in cash. He likes it.

Probably his least favourite stock in the oil/gas sector prior to the PrairieSky IPO. Did an asset spin out that created a lot of value. That stock is now running and you are back to the parent company. They cut their dividend and were having a hard time growing. It is just a low growth scenario with a low dividend. Has disappointed for 10-15 years. There is no need to own this.

A fabulous company that is growing very quickly and capturing a lot of the utility market. Stock had a huge run and they split it 3 for 1. Now it is in kind of a pause mode. People are worried about them sustaining the growth. This is a great company in an industry that is growing, and they are the market leader in that industry. At this price it is a pretty good bargain. Won't triple like it did in the past couple of years, but for a solid growing company it looks very good. Well-managed.

Had this as a C+ rating, but lowered it to a C, which is a “Don’t Buy”. Not attractive on very many matrix right now. They cut their dividend. Diluted shareholders quite substantially this past year. Had cost overruns on some of their projects. Better to wait until all the problems are fixed. Any time a company cuts its dividend, the remaining dividend is always suspect.

Compared to Whitecap (WCP-T) and Torc (TOG-T)? These are all dividend growth stories with good management teams. All 3 are definitely in the top quartile. Likes this one quite a lot, primarily because he knows the management team. CEO has been a very aggressive buyer of his own shares. This is a company that has done some deals quickly, have raised their dividends at least twice over the past couple of quarters, production growth looks good with a rock solid management team in terms of geographic focus and asset mix.

Tourmaline (TOU-T) or Paramount (POU-T)? This is a case where you have to choose the better of 2 good companies. They are both pretty good, but he would put this one far and away, as probably the best managed company in the oil/gas sector. Their forecasted growth is very much in the bag. Very visible over the next 3 or 4 years. They don’t pay a dividend.

Tourmaline (TOU-T) or Paramount (POU-T)? This is a case where you have to choose the better of 2 good companies. They are both pretty good, but he would put Tourmaline, far and away, as probably the best managed company in the oil/gas sector.