In the next couple of months there may be a little more upside. At the beginning of the year the stocks were overpriced. He is going to trim when it gets back to the high end of its trading range. Don’t add to it now but you could buy on pullbacks.

It is one of the most global banks we have. It is not his favourite bank to own. On a valuation basis there is probably upside, but these banks could easily get cut in half if we ever get a correction.

He loves the strategy. They are consistently taking in yield in the fund and then pay out 6%. The US exposure has hurt them a little over the last year. Option strategy premiums are lower at the moment.

It has a book value of $17 and is trading at half that. The numbers are compelling but there is a credibility issue with management that has to be rebuilt. He would hold. The balance sheet is in good shape. You could buy when there is tax loss selling between week 2 in November to week 2 in December.

He likes the company. He expects 22k BOE per day and 24k next year. It is trading below book value. They have good parameters on a value basis. The management is very well received. It could be a double in the next year or could go down before the end of the year.

A lot of the drilling stocks are cheap. Book value is $4.99 so it is trading very cheap. It could go to a $1.20. During the next bull market it could be a $12 stock. You want to own it and sometime in the fourth quarter will be the time to buy it.

Lots of people like to own it because it is a big cap, but they don’t make a lot of money. It does not have the leverage to the upside like others. It is a conservative holding, it is stable. The stock does not reward shareholders very well and he prefers SU-T