One man"s opinion..
Atlanta, July 3 (Bloomberg) -- CE Franklin Ltd., PennzEnergy Co., PYR Energy Corp. and Eclipse
Surgical Technologies Inc. are among the stock picks of Thomas Claugus, who operates the Bay
Resources hedge fund for Atlanta-based GMT Capital, Barron's reported. Claugus, who covers energy
and oversees the portfolio, likes energy stocks such as CE Franklin, PennzEnergy and PYR Energy
partially because output from energy wells is declining worldwide, pushing up the need for new wells.
He also foresees increasing demand for the services offered by Eclipse Surgical's laser, used to drill
small holes in the heart to relieve chest pain, the paper said.
About two-thirds of Claugus's fund is composed of short positions in stocks including Wave Systems
Corp., Etoys Inc. and Chromatics Color Sciences International Inc., which he attributed to the ''highly
valued'' nature of the U.S. stock market. (Barron's 7/5 26 www.barrons.com)
NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min.
ps. I like PZE a lot..although I liked it even better at 12...(where I got it..:) |
