farwest - O&G Jr's
I think the Jr's that have reserves, are profitable, and are putting cash to work to drill new wells are a great investment. Big oil, as Bobwins pointed out, can't pencil a return on huge projects. Our little drillers, TXCO, CXPO.OB and POE.V, are going to clean house. I also have an eye on AEZ in Wyoming. They may get the eye of a mid-cap like EnCana.
Good Luck! You will be rewarded when the market figures out where the "real" money is flowing.
Kipp