Michael DecterCanacol Energy Ltd.CNE.TOSELLOct 11, 2012

He does not want international oil and gas. There are way better opportunities in US and Canada. Elsewhere there is the risk of pipeline bombings.

He used to own it. He moved to another. They got into trouble with oil prices, but have not gotten out of it. It is smaller cap. Reducing tax rates in Colombia would be beneficial to them.

(Market Call Minute.) An interesting story. Onshore Colombian gas. They are trying to do an exploration to prove up enough resources to build a pipeline to grow further.

(Market Call Minute.) A Colombian gas story. They have all of their gas contracted at $5.60, and it seems to be pretty low risk drilling. This is one to look at.

Columbian player. He bought in ‘08/’09. It has come down and now he does not own it. Mostly gas in Columbia and they have fixed pricing for it. Their production will ramp up quite a bit in the next year or two. The management team has been put into the penalty box for missing over the last few years. He likes Columbian oil players.

(Top Pick Dec 19/13, Down 57.32%) They were doing well and then energy came off. They made some big discoveries in the Nat Gas area. He is disappointed in a lot of the Columbian plays right now.

(A Top Pick Oct 24/13. Down 32.81%.) Still likes the story. A Colombian producer. There are high expectations in terms of exploration, and thinks there is still a lot of that coming. It is going to be difficult with oil prices down at this level. Thinks it has been oversold.