Idaho Natural Resources (IDN.H.V)

Chart shows a nice move from August to March with a big upward swing at the beginning of May that has developed into a “pennant flag”, is a pretty good pattern and is now at a level with good support. Uses stoploss pretty close to its current price. If that doesn't work, you can probably buy it back at around the $.30 range.

A cheap stock and part of the reason is that they only have one well in the North Sea. North Sea is a very expensive place to do business and currently is getting very low gas prices. They also need a portfolio of opportunities to chase after.

Have had many challenges. Sold his position a while ago.

(A Top Pick July 25/08. Down 79.2%.) Just downgraded it to a $.95 target. Producing now. Should be having sales pretty soon.

(A Top Pick July 25/08. Down 67%.) Didn't sell and has been adding at this price. Discovered a major gas find in the North Atlantic. Have a line of credit but won't need it because they will be producing any day. Pipes are set and pressure has been tested. They just have to turn it on.

North Sea natural gas/oil. Very little downside as they’ve made a gas discovery that is not fully priced into the stock. Will be hooking this into the pipe and will start generating free cash flow by October. Will also start drilling North Piper August 1st.

In the process of drilling a high impact well in the UK North Sea. Will probably know within 30 days if it is successful. Very good management. If the well comes in and they have the ability to bring it on, they have other land blocks as well. They don't have rigs under contract, which could create delays.