Canacol Energy Ltd. (CNE.TO)

(Top Pick July 11/13, Up 116.26%) Started buying when he moved to AGF. They did a big financing and people participated. He really likes the story, A lot of news coming out over the next 4-5 weeks. A lot of catalysts in the next 6 months.

Recently bought this off a recent financing and is a little disappointed in how the stock has performed post that. This is primarily in Colombia. Prefers Gran Tierra (GTE-T) and Parex (PXT-T) over this if you want exposure to South America.

Has been a Top Pick in his last 3 appearances at $2, $4 and $5 and has done extremely well. Came out with some excellent exploration results that were 2900 BOEs with about 2300 net to them. Continuing to cash flow very well and their net backs are increasing. Just raised $125 million. Really likes the story and thinks you will hear a lot of good news. There are some big targets out there for over the next 6 months.

Primarily in Colombia. Extremely prospective. Oil and gas. Cash flow growth of 40%+ year-over-year. Thinks the production guidance is conservative and will be re-rated. Extremely strong balance sheet that allows them to execute their business plan. Have big partners that will help them finance growth going forward. It will be volatile, but for somebody who is patient and likes growth, this is one you definitely want to own.

It is probably a little ahead of itself. There are other juniors that have performed in this fashion. He is still nervous on the juniors. He focuses on good dividend payers. Take your profit and put it in something a little safer.

Thinks we could see more results before Christmas. There is still a lot of upside here. There are a lot of catalysts here. They are working with some of the majors. Net backs have been increasing dramatically.

Sold her holdings in order to take a profit. They will likely be coming out with some pretty great reserve news in the next few weeks, which may help the stock further. Good management. Assets are definitely improving from where they were a few years ago. Mostly focused in Colombia.

Very interesting little oil/gas company operating in Colombia. Stock had a good run in the last little while. Drilled an exploration well that has some really good shows. Haven’t tested it yet, but the logs show a lot of pay in the well. Also, have a new potential shale play in Colombia. His only concern is the management, which has overpromised and under delivered.

Had it as a Top Pick July 11/13 and feels that everything is playing out the way he thought. Starting to grow their production. Had another well that is producing about 780 BOE. Production is now about 10,000. Net backs continue to increase as a lot of their oil they were producing was tariff oil, much lower margins. Over the next couple of months they are drilling up another prospect that we’ll hear about by the end of the year, which could be worth $1.75 per share. Also have 3 joint ventures with majors that are huge targets.

Is it more bullish for the share price to move above the 200 day moving average? When the share price moves above the 200 day moving average, that is a good sign. What you want to see on this one is the 50 day moving average pull back up. This is a small energy company in South America. Chart shows a consolidation has taken place this year, so it is actually quite positive.

Has been overlooked. A number of years ago Columbian plays were all the rage and then they missed their numbers and they all came down together. These guys have continued to increase their production quietly but materially. Their netbacks have increased also. There is some large upside here. Thinks they will sell an oil field to a Chinese company. Multiple is very low and there are a lot of wild cards.

Chart is so similar to so many of the resource stocks right now. Consolidation is shown from late 2012 on. There has been support on this at around $2.50. There is a little bit of a series of lower highs versus being flat. If it breaks out, he feels that’s an indication the story is good.

Most of the Colombian names have lagged over the last couple of years. Had some hiccups, but recently signed a deal with Exxon who will start to pay for some of their explorations. Good story at this price. Undervalued.

(A Top Pick Jan 4/12. Down 15.97%.) Ran into a series of dry holes in Colombia and they weren’t replacing their reserves, so he Sold and took a bit of a hit. Was out of it well before the full decline.

Things are looking up for the company. Some great results should be coming out fairly soon. Targets are fairly large. Thinks it has been sold off too heavily. Good management. If you own, continue to hold until some of the drill results come out.