Plains Exploration & Production Company (NYSE:PXP)

acquistion by FCX

They go the best of the BP deal which will truly transform the company into an independant oil giant.

Another oil and gas play I love. I am thinking of this for my real portfolio. They have an acceptable financial picture, good insider presence at about 10%, and manageable debt. It also has Boone Pickens' seal of approval.

reloading

Parteners on the large Davy jones discovery, and other analagous prospects. No deep water exposure that I know of. California, Wyoming, and shale properties. They have been unduly punished by investor sentiment following the BP disaster. This could be a double in a year.

With multiple new discoveries coming on line over the next 6 - 24 months, next year the cash will begin flowing into their bank account like never before! Hear me now but believe me sometime later.... by July 2011... $60+, by the end of 2011.... $70+, by mid 2012... north of $80. However, they must carefully manage their debt and take more conservative steps to not over indulge in new exploration activities until they improve the balance sheet. The good news is that even if they don't manage it as well as I think they should, they are will still hit $60 by the end of 2011. Therefore, I recommend buying the Jan 2012 Call Option, $35 (Buy to Open) in the $6 - $7 range.... you will be very happy that you did! When it goes to $60, that will be a 250% ROI (vs 100% if you bought the stock instead). I can live with that.

Energy will pick up: discoveries are less than we consume every year; the dollar will fall and bring higher prices... as well as increased demand abroad.

Does anyone know of a small international producer like this that you would recommend?

Increased by 14%

6,978,956
- Q409 13F - Soros Fund Management LLC

Lots of recent acquisitons aid production increases, and it's 60% oil vs NG

heavy oil in calif....haynesville shale.....etc.

BARGAIN

The price of oil and gas are inelastic. A small drop in demand caused a large drop in price. The intrinsic surplus of demand over supply hasn't changed. This stock will rebound after the panic stops. People who fled the market in fear of losing money on the way down will flock back to the market for fear of missing gains on the way up.

Its debt to equity ratio is tolerable.

US E & P group is substantially undervalued.

p/e acceptable and very good potential earnings foward

Top 20 Covered Call Trades

All the benfits of the call for at-home oil production and none of the stignma of running an oil company...remember, perception is reality.

natural gas play with compelling valuation

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