Are there companies that, despite the low gas prices, continue to perform?
KS: Oh, yes. You’re seeing several companies do better than expected, for a couple of reasons. Some have been smart enough to hedge, which has benefited their balance sheet and their cash flow. Bellatrix Exploration Ltd. (TSX:BXE) is at the top of that list, and it’s in our Oil and Gas Investment Bulletin Portfolio. They’ve hedged 50% of their gas at close to $7, so their cash flow has been fantastic this year. A second reason Bellatrix is doing better than expected is that they have a large land position in a burgeoning oil play in Alberta known as the Cardium. That stock has outperformed its peers this year, and in my mind, it will continue to. Another company that’s done really well is Angle Energy Inc. (TSX:NGL), a wet-gas producer. Wet gas gets about twice the amount of money as dry gas. TER: Is this what’s known as natural gas liquids in the U.S.? KS: Yes, liquid-rich gas. Angle has a huge growth curve in front of them. They’re not hedged. If you’re looking to play gas, that’s a
