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Bright Ideas for your Possible Oil Picks



February 21, 2012 – Comments (0) | RELATED TICKERS: APC , APA

Need a fresh look at some new oil stock possibilities? It always good to get a fresh perspective, especially in the stock market. We have found some good lookin’ stocks you may have forgotten about. Ry Frank suggested a number of stocks to revisit, and here are our favorites.

"Anadarko Petroleum Corporation (APC): Anadarko Petroleum Corporation has been range-bound over the past year, pretty much between $60 and $80 per share, but has broken out of this range over the past few days and is hitting new 52 week highs. In addition to this capital appreciation, the company pays out a dividend of $0.36 per share that brings in a dividend yield of 4% at the stock’s current price. The company has not produced a profit over the trailing twelve months, and has been paying its dividend through either its debt or retained earnings — this is not a sustainable situation, in my opinion."


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