This is my one might work out pick. I like the company, I like the fact the price to book ratio is .4 making it one of the lowest in the oil industry, and I like the P/E around 18. I don't like the fact it is a penny stock, nor the fact that it hasn't appreciated anywhere near where the other's in the industry have.
On the plus side both Wellington Management and Dimensional funds hold large stakes and they primarily operate in the US. So with the downside risk being so low for a speculative stock and the reward being relatively large, I am putting a buy rating on this one.
$1.5 (03/08/08)
