Parallel Petroleum Corp (PLLL)
The Company is engaged in the acquisition, development and exploitation of long life oil and natural gas reserves and, to a lesser extent, the exploration for new oil and natural gas reserves.
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It's not bad, I believe the it will double your investment so it's a good buy here.
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oil will have its day back and when that day comes we will be leading the charge forward
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It is drilling productively in the Barnett Shale, Permian Basin (of West Texas and New Mexico), and other areas. CAGR is 42%. They're using modern methods, growing their proven reserves, in short, doing everything right as far as I can tell.
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Exploration for oil and gas. Oil will hit 180.00 just ask Jubak. Enough said......!
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Further sucess at wolfcamp will draw attention to the intrinsic value of reserves
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momentum. Oil is back on the rise. Gas is remaining strong. This is a volatile player in a commodity driven market. We are heading north
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Run by some Texas (and one Oklahoman) good ol' boy; these guys changed their business model a couple years ago to Acquire and Exploit, and away from expensive discovery. Very efficient, love their work, adult. Also more volatile than the likes of Petrohawk and Cheseapeake; it goes down faster- and then up faster - than any of them, but with little true risk, since they don't move in on a field until someone else has already done the risky part. Not cheap based on P/Es; but a good buy-and-hold.
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$20 stock. minor moves mean big % gains.
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This is a company with an excellent management team and key assets throughout Texas which should provide solid growth prospects with little risk.

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