Oil Stocks: Chyanne Fickes, Stone Funds

Chyanne Fickes, VP investments, Stone Funds

On Oil Stocks:
the larger companies that are more oily I prefer to juniors..trading same levels at this point..they all have natural gas going against them..they will turn around at some point..I do believe oil price will go up..believe will test old highs

On Specific Oil Stocks:

TALISMAN ENERGY (NYSE:TLM TSE:TLM): I own it, has been going nowhere fast..not unlike large oil & gas stocks in this country, trades with oil..company had some nice drilling success recently in Alberta foothills..they are looking to do a lot more wells this year and next..looks very inexpensive..one of the reasons why I dislike company like ENCANA (NYSE:ECA TSE:ECA) is because they do not have international exposure..much more exploration potential, much bigger finds..

SUNCOR (NYSE:SU TSE:SU): Suncor is problematic..incredible reserve, could easily be a takeout..government might do something however..costs have been really out of line..like to see them tone down..with natural gas lower, might have more success with costs..$105 reasonable probably within next twelve months..

TOP PICK NIKO RESOURCES (TSE:NKO): India, very safe place to be..few assets in Bangladesh..natural gas which India desperately needs..obvious choice that Reliant buys them..if that happens, close to $100 target..