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I worked in the oil industry in Kazakhstan from 1993 through 2007.  During that time, the price of crude oil fell to a low under $10/bbl and then began to hit new highs.  At the same time, the stock price of a number of Kazakhstan oil exploration and production companies increased by many multiples due to successful exploration, production, oil price increases and sometimes simply due to speculation. 

In the 6/16/08 issue of Forbes, Randolph McDuff was profiled as one of the best stock pickers no one has ever heard of. He is not a professional investor, rather he runs a simulated mutual fund on paper only through the web site Marketocracy.com. Yet, he has earned a 36.4% compounded annual return the past 8 years, which is better than all diversified mutual funds AND Warren Buffett.

His current buys are:

1. American Pacific (APFC)

2. Beijing Capital International (BJCHF.pk)

3. BMB Munai (KAZ)

4. Guangshen Railway (GSH)

5. Hamburger Hafen Und Logistik (HHULF.pk)

6. Nestle (NSRGY.pk)