Plains Exploration & Production Company (NYSE:PXP)

Fortune favors the bold. I'm hopping in on this one on a 5.31% pullback.

As LEGMAKER set out in detail, PXP has joined in a joint venture with CHK to to rig the Hanyesville Shale. The partnership is planning 12 rigs up and running by end of 2008, 30 rigs by end of 2009 and 60 by the end of 2010. In other words, they are planning over 600 wells in the next 3 years.

I'm equally encouraged by PXP's financial strength (Quick ratio - .40; Current ratio .90), 5 year sales growth of 44.01% and their year to year EPS increase of almost 700%

Cross your fingers! Outperform.

just feels right to have this one

Zacks

Momentum stock zacks

Adding more independent drillers and this one stood out.

Three weeks ago, PXP reported earnings of $1.43 per share, significantly beating analysts' mean estimate of 99 cents per share. Moreover, earnings estimates for the current year and next year have risen 78% and 38% during the past 90 days, respectively

Oil and Gas BOOM! This company is growing and it owns 100% working interest in the Inglewood, Las Cienegas, Montebello, Packard, and San Vicente properties, Los Angeles Basin; the San Joaquin Basin properties; and the Arroyo Grande Field located in San Luis Obispo County, California, among others. Safe company, developing and stable. It's a BUY!

The Houston company explores for oil and gas in six states but is focused on four areas, including the Los Angeles area and off the California coast. It’s also active in the Gulf Coast and in East Texas. It has recently expanded its focus in the Gulf of Mexico.

Still good

With the demand for energy soaring accross the globe it will be important for the US to be self-sufficient. The leaders on Capital Hill will push alternative and reusable energy sources to offset the dependance for oil. We all konw however that this is still 10-20 years into the future. In the mean time oil companies will be frantically exploring for new drilling sites. Plains Exploration will benefit from this.

A company that had a price drop in mid-January along with a 4th quarter income drop. Despite this, it has recently bought $330 Million in oil property in Texas and I expect it to rebound once they are able to utilize the new land.

The fact that they are exploring within the US right there says they are being funded by other sources, therefore, well I won't comment further. good luck to 'em.

earnings and trend make this a mover

Good longterm investment.

Oiliest of E&P companies. Large divestiture threw off numbers latest quarter which show negative cash flow. Seasoned operator that knows how to drill. Will know how to integrate and extract value from Pogo.

stock is down sharply. well run company. MUST INCREASE IT'S RESERVES

american oil and gas exploration company with reserves valued at $11 per barrel and a hedge on oil at $55.

tracking pitbullinvestor. following mechanical selection process.