They stole the Spartan assets. They are already trading at a premium relative to their peers, so it is not going to give the greatest return in the upcoming oil rally.

They have a large exposure to AECO gas pricing, which today was trading at negative $0.15/GJ. Without the cold winter weather, AECO could be much worse. Longer term, the LNG decision by Shell to potentially go ahead could propel the stock up in the next 2-3 months.

A previous Top Pick that he still likes. A good way to gain Permian exposure with a potential 50% upside as a possible take out candidate by Exxon.

His go to name for when WTI returns to $80 next year. Even at today’s high stock price, this could still go to $5 per share. They have reduced their leverage and could become debt-free in the near future. Yield 0%. (Analysts’ price target is $1.85 )

They are in the Bakken and Permian areas. They were previously highly leveraged, but have brought that down with good cash flow. He sees a 50% upside if you believe today’s oil price. Yield 0%. (Analysts’ price target is $20.09 )

(A Top Pick September 15/17 Up 52%) This company is a pressure pumping business in fracing in the Permian region. As the E&P companies started to spend again they were one of the first to benefit. However, there is a debate now that costs have increased and there could be too much equipment entering the market, so he has taken some length off the table.

(A Top Pick September 15/17 Up 6%) He is not in the frac sand sector anymore. Tightness in the sector did materialize, but he fears too rapid a build out of new equipment.