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From everything I read as of late it looks like oil & gas stocks may be a good investment especially over the coming months. Especially domestic companies that are in oil & gas, especially gas. Just look at the prices were paying at the pump as I'm sure most everyone is aware, plus it looks like with natural gas, the US reserves are low. Does anyone have any good potential penny stock plays for oil & gas stocks. I know about MSEV and ARET, but what others. I look forward to anyones insight.
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URMP is one that I like. They have a great process that extracts oil from sand and shale w/o the use of steam which causes toxic chemical residues. They use a catalyst that separates the oil from the base sediment and makes it easy to extract.
They have recently bounced off a low to their current level, so look for a little retraction before getting in.
quote:Originally posted by SilverStreak: From everything I read as of late it looks like oil & gas stocks may be a good investment especially over the coming months. Especially domestic companies that are in oil & gas, especially gas. Just look at the prices were paying at the pump as I'm sure most everyone is aware, plus it looks like with natural gas, the US reserves are low. Does anyone have any good potential penny stock plays for oil & gas stocks. I know about MSEV and ARET, but what others. I look forward to anyones insight.
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Look at ERHC. They are involved in Bay of Guina strike in Sao Tome Africa. At .35 to .38 you could do a lot worse. Announcement to be made 'by middle of March' that I believe will bigtime move this stock. Do some DD but this is special situation stock that the fundimentals of company mean little (And that is seldom the case). They have spent 27 mil into the hole on this one project over last 5 years and all their work and money is about to bear some magnificent fruit over the next 10 to 20 years. The initial nine parcels whose rights were auctioned from this strike are expected to yeild in neighberhood of 14 billion barrels of oil. Of course ERHC's benefit will be only a small but substancial percent of that.
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