They are not getting the benefit they should be. They have done a complete change in their strategy. Their stock price has held fairly steady over the last year. They are experiencing better numbers than a lot of the small to mid cap names. She thinks it will be considerably higher stock price in 2 years time.

This is a long term, well run, mostly gas run company. When LNG Canada project production starts, it may not specifically benefit Arc, but it will take some of the natgas out of the current pipeline infrastructure, which would benefit Arc. It is on her watch list. She thinks they will be buying Arc in the future.

(A Top Pick Feb 02/18, Down 57%) She recommended it on the date of the announcement of the Baytex intent to acquire Raging River and sold on the announcement of the date of the takeover. Therefore, Raging River no longer exists.

(A Top Pick Feb 02/18, Down 23%) Vermilion acquired Sparton so SPE is no longer listed. She acquired Vermilion stock on the acquisition. Vermillion is down about 20% since the acquisition. Still owns Vermilion stock.

(A Top Pick Feb 02/18, Down 34%) This is a light oil company. She is still buying at these levels. She thinks dividend is safe. She thinks it will improve when light oil differentials improve over the next few quarters.

They are mainly gas focused. They are well capitalized and debt load is good. They are waiting for gas prices to improve and then will increase their production. She is continuing to purchase today.

Debt is too high for them with the lower light oil prices. She has them on the watch list and likes them but too soon to purchase. Yield = 12%