WPX Energy Inc. (WPX)

The best valuation opportunities are in Canada, he thinks. He would sell WPX for the tax loss and buy Parsley instead, who has better exposure to Canada.

A producer in the Permian region with a growth profile of up to 25% per year on current cash flows. He sees up to 90% upside under an $80 oil price scenario.

Is an undervalued Permian producer. Have had some boomer wells in their Balkan play. Should beat their Q2 and raise guidance. Is projecting a $25-$30 stock price. This is only one of the three US stocks he owns now.

They are in the Bakken and Permian areas. They were previously highly leveraged, but have brought that down with good cash flow. He sees a 50% upside if you believe today’s oil price. Yield 0%. (Analysts’ price target is $20.09 )

U.S. Energy stock. Gives exposure to the Permian and the Bakken. Trades at a slight discount to peer average, with a management team that he knows and likes. They are paying down debt, with a prospect to be a takeout over the next year. (Analysts’ price target is 19.96$)

One of his biggest holdings. Cash flow can grow 20% annually. Sees strong upside. A good way for Canadian investors to gain U.S. exposure. (Analysts' target of $19.88)

(A Top Pick March 23/17 - Up 5%.) US producers are up as they are not facing a discount on the price of oil.