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Gold/Mining/Energy : Strictly: Oil and Gas Exploration Companies

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To: PuddleGlum who wrote ()3/15/1999 7:46:00 AM
From: SliderOnTheBlack  Read Replies (2) of 318
 
Trading ideas ? Longterm position entries ?

Not a bad time for some trading and/or entering new positions for longterm positions. With the obvious change in fundamentals due to Crude Oils recent run many of these stocks that were decimated of late due to cash flow impact due to commodity prices have strongly reversing risk/reward models.

I like:

AXAS FXEN - especially good short term traders here - 50% move potential short term - AXAS heavy debt - but just too oversold - actually dumped - still priced like an option; I'm in @ $1 1/8 - but still cheap. FXEN - pure play on massive Poland holdings and JV with APACHE - an alternative to the ''Columbian plays of SEV HEC ? - here we have Apache and don't have the weekly pipeline bombings...

MLRC PGEI - both misunderstood longterm growth/reserve stories

MARY EVER - safe solid niche leaders - must owns, with good short term appreciation and excellent longterm potential - Nat Gas prices getting upgraded for late '99 - 2000 models by most analysts. The market will look forward, and start buying these solid Gas plays.

FEN RRC PZE - for the risk oriented section of the portfolio; RRC is a relative safe play - only here due to price action of late - a solid double/triple candidate - debt load is misunderstood - good cash flow and will be here... FEN - either a 2/3 bagger, or out of business - with their GOM assets - i see them raising the cash and staying - a 3 bagger; PZE - another longterm must own - buy it here and check on it in 12 months if not bought out sooner...

If this basket isn't up 30% + with a couple of 2/3 baggers by year end - I take an oath of silence...<VBG>....

IDEAS anyone ? ---C'Mon there is too much happening in this sector for this board to be so dead ?

C'Mon - I know there are some SGO APA fans out there...
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