Manitok Energy (MEI.V)

This would be on his short list of companies he would buy in this space, but he just doesn’t go this low at the moment.

(Market Call Minute) Likes it. Below $3 is a buy

(Top Pick Apr 16/13, Down 5.15%) Production is going to double this year. They only have one play although they are having great success with it. Now they have found a second one. Market held its breath and first well did not do well. Do not dismiss it. Team came from Talisman. If there is a solution there they will find it. Have a third asset now that they worked with at Talisman. The drop has been a function of ‘show me another play’. Still recommends it.

(A Top Pick Jan 2/13. Down 7.35%.)

(A Top Pick Jan 2/13. Down 13.1 %.) Their expertise is in the foothills region of Alberta, which is essentially a deeper basin. 11 for 11 in the significant wells of the Stolberg-Cardium play. Expects the stock will deliver incredible production growth. At the current price, you are essentially paying for the reserve they discovered on 6 of their 7 sections on the Stolberg play. This is just the tip of the iceberg for them. Also, developing other regions as well. $5 target price.

Has a lot of respect for the management team, which is all made from Talisman (TLM-T) ex-employees. Have drilled up and down the Western Canadian basin in the 80’s with Talisman. Production has shown great growth over the last 2 years. Expects them to double production from 4200 barrels a day in 2013. Currently focused on a place called Stolberg which looks like it is going to be a low risk, high profit play. Expecting to double production this year. Not expensive and trading at a slight discount to juniors.

Just sold the last of his position. He’ll revisit this one later in the year. Doesn’t think this is a market where small cap companies are going to be in favour. Used to be extraordinarily cheap but that is no longer the case. Also, feels they could be losing their focus.

Has had tremendous success at a conventional cardium play in the foothill region of Alberta. On their 5^th or 6^th well currently. Magnitude of this reservoir is just becoming known. Could conceivably see 10,000 barrels a day in the next 18-24 months. Target price of $5.