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He likes the leadership and the balance sheet. They are doing stock buy-backs. Below $3 this is a great buy. They are the biggest fracker in Canada. Book value is $3.47 and it has traded 2.6 times book value. Be patient. He has a $12 target for 3-5 years.

This company is active in Egypt and Morocco, where prices are near $12 per mcf. They will be reporting year-end results next week. In Egypt they have high-impact wells coming forward, which has not been factored into the stock price yet. He has a target of $5 target in the next 3-5 years. This could move up quickly depending on the pending drilling results. Yield 0%. (Analysts’ price target is $1.10)

Hey says production came in higher than his expectations in Q4. It is trading just above 2 times cash flow and it has a good dividend. Book value is estimated at $6.30 and it has traded close to 3 times book value historically. He and his family own this one and he sees a price of $15 over the next 3-5 years. Yield 3.1%. (Analysts’ price target is $5.79 )

He thinks this company is ridiculously under-valued. The stock trades near 1 times cash flow with a book value of $6.01 and trades at 0.25 times book. He sees a $20 target in the next 3-5 years. The balance sheet is in very good shape. He likes Keith McPhail’s leadership. They have a strong hedge book that will guarantee cash flow again next year. Yield 3.29%. (Analysts’ price target is $2.07 )

(A Top Pick April 7/17 Down 43%). He never pulled the trigger on this as he was waiting to buy on weakness. He thinks it will fall further, but would buy it under $0.80. The company has paid down debt and sees growth through thermal oil. Be patient.

(A Top Pick April 7/17 Down 31%). This is a Cardium oil play and should exit 2018 at 4800 boed. He likes the leadership. He would buy this at $1.44 and continues to wait to buy on weakness.

Tonight was a special Talking Tax show. No opinions were recorded.