Hi John, Your shopping list looks somewhat like mine (my current Cdn holds are CMT, BKP, MGY, GOU, URC, TET, BVX and afew of the majors AEC,AXL,TLM). I think that CMT is the cream of the crop. Compared to BKP, CMT is the better company. CMT has way less debt, Slightly more shares and from what I've seen so far Hooker's #'s outdo Dawson. Virtually Nil for hedging in the past year while BKP was in some trouble but not as bad as EEE. Fort Liard and Dawson are the real jewels for BKP not ELH. Fort Liard can be played by way of PEL. CMT currently has 24,ooo BOE/D while BKP has approx. 30,000 BOE/D Yet one is at $3.50 and the other at $11. Promotion, Promotion.......Promotion. Ernie Saphia is no Micheal Rose and that's the difference. CMT is a prime takeover candidate the value is there, Griffeth Burney sure has been on the buy the last year. Don't get me wrong, BKP will be taken out over $12 the CF is there. The cdn. E&P's will catch up to the American CF's of five to six Times in the months to come. NG will be strong for at least another six Qtr.'s.
MGY looks very interesting these days. Copton comes on line with the first five wells within the next two weeks. First Energy buying 1.1 mil shares is no small change. The write downs and debt really hurt MGY. The NAV with Copton in is over $7 cdn.
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