Joe, I took a look at ZN ZION OIL. This could breakout big. So far they have only announced the 1,950 drill depth. Have not hit pay dirt yet. For about the same price per share you should take a look at CHKR, another oil stock. I don't expect their share price to go up that much since their profits are fixed for a few years according to how they structured their futures contracts.
However, I have been collecting 10+ % dividends on this one for the last three years so far. Great return, but again not much upside on the PPS. Worth taking a look at if you like dividends.
With oil profits across the board for all the oil players so low right now, this just might be a good time to buy. Personally I think it is a good risk. Oil will not stay down forever. The oil gurus will figure out a way to increase their profits, something like they are doing in Texas right now.
