Twin Butte Energy (TBE.TO)

Past management stumbled and spent too much money with very little production. Very cheap.

New management has a good track record of consolidating juniors. Very difficult for most gas juniors to survive in the present environment as they don't have gas hedges. Thinks this one will survive but will be very difficult for them to spend money. To compete in the future you need a larger asset and cash flow base.

(Top Pick Apr 14/08 Down 76%) Is down by the average of the Juniors. A new management team has come in. She is impressed with new team. Debt is creeping up.

(Market Call Minute.) Good growth in the Montney. Good management team.

New drilling techniques are opening up formations giving much higher production to some areas that were not exciting before. Also a new addition to management is expected to increase production. Really cheap.