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the oild is there
Great growth potential. Good company management. Upside for oil/natural gas prices.
looks tied to oil prices. And the future is only up.
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.
oil going up again 90 dollars a barrel,excellent company and play for timing
"Eagle Ford Shale in our Bee County acreage. We own a 40% working interest in approximately 2,800 acres in the area.""We also own a 95% working interest in approximately 4,600 gross acres in southeast Zavala County where activity targeting the Eagle Ford Shale in the oil corridor of the play has increased."Eagle Ford Shale acreage is going at a premium right now. Big players moving in almost daily.
Low P/S and high equity.
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