not really into energy at this point,oil prices will probably decline this spring into summer and should put a crimp in energy stocks,they had a nice run the past year and a half but im staying away,IFNY may have incresed revenue on higher oil and gas prices but that wont last,the market cap is too high on that stock when compared to its current revenue,i would actually wait till it jumped a tad higher then maybe short the stock....
only energy stock that intrest me is Dynegy Inc(DYN) waaay under valued in my opinion,6 billion in rev and only 2m market cap,i think the new CEO is doing a fantastic job turning that Company around and eliminating its debt load,i see it as a 3-5 year long term hold..i only own a few shares(in at around 3.75-4.25 a pop)but may pick up more as i adjust my portfolio to market conditions......
i like the USAP pick,that one is on my watch list....
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