Check out PETD also. They have a great business model, no debt, and lots of cash on hand (from a secondary offering) that can be used to buy properties or other companies at depressed prices.
Even with today's depressed pricing, PETD is continuing to make a good profit, drill more wells, etc. They don't produce any crude oil at all - all natural gas from Appalacia, which commands a higher price due to proximity to NE markets.
I also hold SFY, RIG, RDC, ESV, EVER, SMIN, XTO, AXAS, and TMAR. As you can see, long term I am still very bullish about the energy sector. |
