This week I'm going to pick the low-hanging fruit. Right now, that's energy stocks. MUR- Murphy Oil explores for and produces oil and gas. The company sports a $11 billion market cap versus something like $487 billion for Exxon. Obviously we are talking about a bit player here.
Better yet, and more importantly to "The Skeptic" anyway, is the $45-$60 range where it's been trading for almost two years appears as if it's about to be surmounted (currently $60.81). Hopefully in convincing fashion.
There are many other names in the energy space that look promising. Some of which I follow that look especially promising right now include SWN, DRQ, SU and VLO. There are myriad ways in which to play this game.
Disclaimer: In no way should this post or any other be considered a recommendation to buy or sell any security. Should you decide to buy this stock based on this post you may suffer from erectile dysfunction.
Sunday, July 8, 2007
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