Valeura Energy Inc. (VLE.TO)

He thinks this company has very good prospects. The stock price indicates the market likes what they have done with the drill bit. He thinks as they continue to put the pieces in place the stock price will go higher and will become a potential target for a take-out. It has the potential to grow without the commodity price rally, he says. IF he was to buy into it, he would buy into a third now and scale in in the months ahead.

Small cap natural gas company in Turkey. They get triple the price for natural gas over there. There is $1.30 of value. $5.50 is the value being put on the upside of this company. Why would he want to pay this.

The Turkish energy player. He does know it that well. There is a geographic risk. If he had owned it from $1.25 he would be tempted to sell an amount equal to his cost and play for free.

They had a recent discovery but it is too small of an entity for analysts to cover. Turkey is not an energy territory.

Chart shows this as having not moved much for about 5 years, and then went parabolic in late 2017. It’s going to be overbought, which is why it is probably currently pulling back.

He is going to meet with them in a few weeks. The company has traded sideways for many years and then recently had some well results that were strong so people are starting to get behind this name. It could be a massive opportunity in terms of the amount of gas they can hit on.

(Top Pick Jan 29/13, Down 50.00%) He was out and bought a little bit back recently. Issues in Turkey are not helping. Still has a significant amount of cash and is trading just above that. Turned the corner on the production side. He would buy it back here but prefers ALV here because it trades below its cash balance.

International oil/gas sector has been hammered. Really likes management, the former management team on Verenex, that grew production and ultimately sold for a triple. Quietly and slowly building out their asset base in Turkey. Half the market cap is in cash and ready to be spent on one light oil field and one heavy oil field in Turkey. Meanwhile their base production, natural gas in Turkey (going to Europe), continues to turn out some nice cash flows. Using Fracing techniques.