Crimson Exploration (NASDAQ:CXPO)

CAPS Rating: 5 out of 5


Player Avatar Arizen (< 20) Submitted: 11/14/2010 4:57:15 AM : Outperform Start Price: $3.36 CXPO Score: -82.18

New methods of extracting natural gas and oil from shale are making instant millionaires out of ordinary citizens. If you aren't so lucky as to own a farm sitting on top of energy deposits in Pennsylvania or Texas, you can still get in on the action by purchasing shares of Crimson Exploration (CXPO). This little-noticed company owns big deposits of gas and oil in Texas and Louisiana.

Shareholders should get rewarded nicely as Crimson develops its reserves in the coming years. "We expect large production and revenue gains," says Joseph Dancy, the manager of the LSGI Technology Venture Fund, which has produced market-beating gains by uncovering hidden gems exactly like Crimson.

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