A Couple Of Ideas

[mrmuileh]

Dan:

I've got a couple of companies that I think would be worthy candidates for your Sweet 1 or at least your Watch List. I realize that you can't track every energy company in the world, but these two have been doing exceptionally well of late and are expected to continue to do extremely well.

Coastal Energy has been ramping up production offshore Thailand and has tremendous upside. Symbol is CEN.TO or CENJF on the pink sheets. They have a growing following over at Investor Village where they are followed on the CEN.TO and Oiljack's Oil Thoughts boards. The shares are trading for $10+ and recent analyst estimates are approaching $20.

Another one to look at is Open Range Energy, whose symbol is ONR.TO or ONRGF on the pinks. They are a growing producer of liquids rich natural gas in in Deep Basin area of West Central Alberta with current production of around 4,500 BOED. But the big story for Open Range is their Poseidon Concepts fracturing fluids handling system which is experiencing explosive growth at the present time. The stock trades for ~$6.60 and Haywood came out yesterday with a $13.50 target.

There are a few more juniors that I like including Arcan Resources and Second Wave Energy, but the two that I mentioned are the creme de la creme.

Just figured I'd throw a couple of ideas at you from north of the border.

Regards,

MrMuileh (Phil)

[dan_s]

I will take a look when I get time. Right now I'm up to my gills in getting all the forecasts updated for 2nd quarter results.

[mdwitte]

You can get some good info re. Coastal here: http://investorvillage.com/Groups.asp?mb=17397&pt=m