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Encore, Berry, Cimarex Well-Positioned to Surge

Posted on July 14, 2008

Small cap independent oil and gas producers well-positioned to gain in an environment of low confidence in political leadership include buy recommendations Encore Acquisition (EAC), Berry Petroleum (BRY) and Cimarex Energy (XEC). As energy prices moved to politically unwelcome, but more realistic levels considering long-term supply and demand, our government counteracted with a hastily-conceived subsidy to turn scarce food into energy. Fortunately, economics is trumping politics with the market creating the best energy policy --- higher price for refined oil products and natural gas, the most ...

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drilling , gas , oil , petroleum , refined