I have CXPO, TXCO, and POE.V
These are my 3 oil/gas stocks for 2008. I have nearly 40% of all of my portfolio total in these 3 stocks. What do they all have in common? Top and bottom line growth, , low share count, low debt, increasing reserves, and low risk of more need to dilute from here going forward. There are now 6.5 billion people on the planet and we are all consuming plenty of energy. Much of the oil is in some really risky parts of the globe. Granted, POE is in Thailand, at least it's not the Congo, Russia, or certain S. American Countries. I am taking a longer view than next month and willing to bet that we are headed for higher energy prices, not lower. Global banks are cutting interest rates again and it looks like "re-flation" of the money supply is getting underway again. Canada, and England cut last week, we will cut Monday, and the Euro Zone will buckle soon. Flood the globe with paper money and energy and commodities are going up.
I can't wait for all 3 of these companies to post 4th Q earnings!
I can hear Wall Streets' cry for the new year..."LOWER RATES IN '08!!!!"
Bring it on, I'm ready with a boat load of energy and commodity Jr's!
Good Luck All!
Kipp
