Paramount Resources (POU.TO)

Thought about having this as a Top Pick. You should see massive expansion of volumes of 20,000 BOEs a day up to 70,000 over the next year or so as they bring on their Muzro (?) gas plant. That is the big risk. Does this come on in time by June and will the production start to kick in. If they meet their goals, he thinks this could easily be a $70 stock in 2 years.

(Top Pick Nov 8/12, Up 21.13%) Continues to be a core holding. A harvesting operation. Finally their big plant expansion comes on by end of year. Lining up well for 2015. Would hold or add if he didn’t have it and may still add to it. It will probably always be expensive because of their quality of management and execution.

(A Top Pick Feb 5/13.) 7.58% bond maturing April 12/19. Felt very comfortable with the asset coverage and the management team. Made about a 9.5% return. You could easily Buy this bond today and continue to make very good returns.

If there is geopolitical noise this one could be affected, but they are significantly increasing production in 2014. Revenue will go from 500 million to a billion in 2015. Explosive organic growth and solid management team.

Surest growth in the energy patch. Looks expensive but if you look to the end of 2014 it looks cheap. They will double their production from here.

Natural gas. Going to double production over the next 12-18 months so that by the end of 2014, they will be producing twice what they are now. Good entry point because price is a little soft due to storage filling up in Alberta and the AECO spot has gotten hit. Expecting $42 a year from now.

It has gone down because of the gas trade. They are all down 10%. They came out with a quarter that was neutral. Gas prices are down and the market thinks it could be 6 months.

This is a little bit of an eclectic mix of a handful of assets. Have oil sands assets, drilling company, equity investments and other companies in addition to some really great deep basin assets. The company takes a very long view in what they are trying to accomplish. Expects there will be substantial cash flow growth over the next year to 18 months.

7 58% bonds due April 12/19. Great asset protection. One of the best run oil/gas companies out there. Things like this should be a portion of your portfolio.

(Top Pick Feb 06/12, Down 10.16%) Thinks it is a little bit early. A great little niche. Will have the best production growth of any Canadian energy company. Will double production over the next couple of years. Liquids-rich. Still really likes it.

7.625% bond maturing December 4/19. Management is critical and this company has very strong management. Natural gas producer and is economically viable at prices below $1.

You are really buying for late 2013/2014 growth. Will probably triple production into 2014. Then throw in Nat gas leverage.

It was breaking out of a range and it has great fundamentals. $29 trailing stop. Still making new highs.