A Comment -- General Comments From an Expert (A Commentary)

When things are settled, the present shareholders will get limited payment, if any.

A turnaround situation. Likes the company. New management. Some frustration on the street that production hasn't started to grow and there haven't been more discoveries. A good trading stock. Buy under $2.50 and sell above.

Has had a nice run-up. May be a takeover candidate. Actively developing coal bed methane. Good value.

Existing shares will be worthless. Wait for the restructuring to be completed.

Complete crapshoot. No one knows what the restructuring is going to look like.

Restructuring which will leave present shares virtually worthless.

If the price of copper goes back to $1/1¼, you'll see cash flow and earnings go through the roof. Dividend is safe.

Hasn't really invested in new areas for development and growth. Prefer others e.g. Teck Cominco, Inco, Aur for pure metal plays.

(A top pick May 5/03. Up 18%.) Thinks it will still go higher. Good management team. Pretty cheap.

Has been a troubled company. Recently did an equity issue to shore up the balance sheet. Probably has seen bottom and with a good outlook on metals it should go higher.

The big bet on this stock is Brazil. Have replaced the entire Brazilian sales force and raised prices. Also gaining market share.

(A top pick Sept 24/03. Up .5%.) 80% gas oriented. Produces about 12,000 barrels equivalent a day. Not getting recognition in the marketplace. Represents good value. Has a number of interesting drilling prospects in front of it.

Still likes.

In bankruptcy and in that scenario, equity holders will be the losers.

The CEO has indicated that the stock will be worthless.