Big Opportunity
I was interested in this one because of their Cardium play which was pretty well founded by NAL. (Lance Berg)
Their results have been great however I noticed the return on their radcliffe play and it seem to be approaching 80% ror. Look at the latest presentation.
My feeling is that they are drilling a lot of well and has a lot of production coming on stream. This stock will pay 7 percent and grow.
These plays are all resource in nature and if you can get returns in excess of 40 percent like they are in the Caridum, it is really a money game.
The sask stuff is amazing they have people drilling bak wells around them however they have another play with great returns in hand.
The are kind of a smaller Penn West in my mind.
IMHO