(Top Pick Jun 19/15, Down 9.00%) They have done a good job. They don’t need to raise prices. 9 times earnings. They are probably looking for acquisitions. The balance sheet looks good. A premier small cap name so he continues to hold it.

(Top Pick Jun 19/15, Down 37.51%) It has come down over the last week. Earnings came out and they were fairly strong, but said they are worried about visibility over the next few quarters. He exited. The growth is probably out of it. Now is not the time to sell it. He thinks they will get back on the path of growth.

Columbian player. He bought in ‘08/’09. It has come down and now he does not own it. Mostly gas in Columbia and they have fixed pricing for it. Their production will ramp up quite a bit in the next year or two. The management team has been put into the penalty box for missing over the last few years. He likes Columbian oil players.

He met them a couple of times and does not like the story. There are a few other royalty plays. They talked about how much diligence they did, but they said one of their projects was a fraud. The stock has come off quite a bit a couple of weeks ago when they missed their earrings.

They don’t have their own retail stores. There are a number in this sector and this is not the one in the sector he went with. They are not the lowest cost producer. They had problems when they were called ‘tweed’. It will be a growing business. The growth there is going to take longer than people expected.

It is a gas play. His in house analyst really likes it. It is doing well. Most are not. PPY-T has a large play where if gas prices come back they will do well. It is one of the better natural gas play in Canada.

It has been a bit of a disaster. He liked it and owns a little bit. Production numbers are not as strong as people would have liked. He is not sure if they will get taken out. They are up for sale and there are activist investors in there. Don’t buy, but don’t rush to sell here.