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A natural gas and oil company, whose business is to explore, develop, produce and acquire natural gas and oil properties, offshore in the Gulf of Mexico and in the Arkansas Fayetteville Shale.
Color me impressed. While "TMFBabo" is not a valid excuse for why this is a good stock, I like that it is a small, growing company with no debt. Shares seem to have recovered from the BP oil spill, and I like this play better than BP because it doesn't have the pending lawsuits and settlements to worry about. Make sure to check the 11 o'clock pitch on this one as it is a good starting point. Management looks strong--I love the quote in Babo's pitch about the CEO not giving stock options because he doesn't want to pay them. Goldman Sachs has a target of $105 on oil at the end of the year, so I like the sector. This seems like a good way to play the oil industry.
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