"About 80% of their oil is medium gravity, so they get a discount to Edmonton light. If you are a believer like he is, that oil prices will gravitate to around $60 next year, you get really good product leverage without the financial leverage. They have some drilling catalysts coming up, where they are going after 2 different properties. They bought a great little asset from Penn West (PWT-T) and are going to use modern technology in a field that hasn’t had any of this application ever before. There could be virgin reservoir pressure. This company still trades at a discount because of stupid lingering concerns because of an environment liability, but they have been improving it. He is looking for a $15 share price."