Options GOODIES

[Murphey]

CXO And The Permian Basin TX

Way back in the day, when the Bakken play in ND was
just news, no drilling yet. We picked some oil
field outfits that went on to become multi baggers
played straight up. Long term option trades made
millionaires over the next couple of years.
Now we have the Permian Basin play in west TX. Estimates
put the field at least 20X the recoverable oil in the Bakken.
This one is in it's infancy.
CXO is a major player in the field. Midstream outfits will
multiply with larger moves than CXO but I haven't researched
which outfits are going to be in yet. In the interim, I gave CXO
some screen space. Since late May, it was up over 50%, and has
retraced a bit here.

Cheers