To: coug who wrote (243 ) 11/17/2005 2:41:24 PM From: manalagi Respond to of 3961 Gurus Jump Back Into The Oil Patch Matt Rand; data provided by Marketocracy, 11.15.05, 12:30 PM ET BURLINGAME, CALIF. - With oil falling below $58 a barrel, the top stock pickers at Marketocracy, who’ve been selling energy stocks along with the rest of the market for the last several weeks, bought back in with a vengeance. All of their top five buys by volume were energy stocks. Click Commerce has nearly doubled in the past month. Is it time to take profits, or is this just the beginning of a new bull run? Click here for the answer in Marketocracy Marketscope. Houston-based Vaalco Energy (amex: EGY - news - people ) was the biggest buy, with the M100 investing nearly $250,000 in the stock. Vaalco explores for oil and gas in the Gulf Coast region and in West Africa. In early November, the company reported a 25% jump in third-quarter earnings per share to 20 cents and attributed the increase to oil prices that were higher than in the third quarter of 2004. The stock has been zigzagging, down about 38% from August highs near $5 to a low of $3.05 in October. Now, it trades at $3.88, or eight times earnings. Gurus also added 86.5% to their holdings of Fort Worth, Tex.-based San Juan Basin Royalty Trust (nyse: SJT - news - people ), which owns oil and gas properties in New Mexico. Investors have shaved more than 20% off San Juan’s price since August, and it closed Nov. 14 at $39.29. The trust pays a monthly distribution, which declined along with the stock’s price: July’s distribution was about 28 cents, August about 22 cents and September less than 20 cents. Special Offer: If you'd been following the trades of Marketocracy's M100 for the past two years, you'd have gains of 175% on shares of PetroKazakhstan and profits of more than 110% on Netgear. Click here for the names the smart money is buying now in the Marketocracy MarketScope newsletter. Total distributions from San Juan for the third quarter were just shy of 70 cents, in line for a 7% annual distribution. The fact that distributions have declined along with the stock price has meant that the yield for unit holders has not increased. Gurus aren’t investing for the dividends here and are looking for a boost in San Juan’s share price. Another energy trust getting fresh guru funds is Enerplus Resources Fund (nyse: ERF - news - people ), a Canadian trust that yields a hefty 10.3%. In the last two weeks, gurus have added more than 50% to their holdings, with most of that buying in the last week. The trust said last week that third-quarter funds from operations were up 30% to $1.77 per share. Gurus like the trust, which has not been hit as hard in recent months as many other oil and gas stocks have. Stamford, Conn.-based OMI (nyse: OMM - news - people ) ships oil and gas with its fleet of 51 tankers. The company said in early November that it had bought back 1.3% of its outstanding shares at an average price of $18.17 per share. Gurus joined in on the buying, adding $206,893 to their holdings, increasing their position by more than 120%. The stock trades for $18.49. China Yuchai International (nyse: CYD - news - people ), which makes diesel engines for automakers and utilities, is trading at the bottom of its 52-week range. Gurus like the price-to-earnings ratio of 4.6, along with a dividend of 4.85%. The stock, at $7.87, trades for slightly less than the Chinese company’s book value.forbes.com