They had to find a way to survive after the government changed the rules for royalty trusts. They did a good job of focusing on getting long term assets. They aim to sell their non-core assets. When you get to the fourth quarter their balance sheet will be repaired and they could be a $3 stock in 2018. It will be a table pounding buy very shortly. (Analysts’ Target Price: $2.01).

He has a $6 target. They have lots of exploration and development opportunities. A good balance sheet. Buy it under $3.50.

He likes Egypt and he likes the management team. They have very good assets which will double production this year. (Analysts’ Target: $1.01).

He sold in December due to rising interest rates. It is a best in class management team. There is really nothing NOT to like about it. You will do very well with a long term outlook.

He was short and is now out. He is waiting for the time to re-enter it. He is waiting for an announcement on government aid. It has done well but is a very difficult, low margin, capital intensive business. He would not suggest this stock as a US$ play, either.

He is short. Fuel retailing without refining margin is not a great business. He believes fuel volumes will decline. With their last few acquisitions they moved into more urbanized regions and they took on a lot of debt.

It is a pretty interesting stub to own. He thinks TA-T would be an interesting takeover target and they own much of this stock.