Houston American Energy (HGO)

[bigwest]

Houston American Energy (HGO)has good legs. Look at the chart and see for yourself that it doesn't just follow the price of oil, it can climb when others are headed south. Why? because those that take the time to dig into this company will realize that it has a lot of talent at the top, a small group of consultants and employees with a long track record in the oil patch.

They got involved in Columbia about three years ago with a tiny piece of a couple of wells and now are a major player with 12.5% of the HUPECOL consortium that is planning to drill 35 additional wells on high potential acreage in the LLanos Basin. This acreage has all been shot with 3-D siesmics and a total of 100 well sites have been identified. Why waste your time and money trying to find a drilling company that can successfully drill the difficult Barnett Shale, when HGO is finding high quality oil at 4500 feet.

Did you notice the 381,000 share trade by a major firm on Monday? That was at $6.40. In one week they made $341,000.

Not too shabby.

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