Sorry for such a quick note on cnr. From what I have read, drilling is expected to resume tommorow 1/26. Most likely the reason for the current strength of the stock, along with the current price spike in oil. I believe the price of oil will continue it's upward trend and find a base near the 60 dollar range. We shall see. If you are looking to invest in this group, there are a number of stocks to consider. Perhaps a basket would be wise. The E&P sector trades like a roller coaster with plenty of risk and not for the faint of heart. Here are a few- CNR EGY TMR SNG IVAN Here are a few with less risk- MHR- I still own this one SNP- A china play. I have a small position PTR- Same as above I'm looking at CVX- I might pull the trigger soon Do you still own NYB? Joe and his wife Alice are friends of the family. Take care
thanks Lancer, thats quite a list :-) I have PTR,MHR and XEC in this area.seems this a.m. that XEC and MHR like each other too !
I'll take a look at the other names,you listed. I try to limit myself to 5% mad money in the old PF. stops me from playing the slots in the market.<vbg> Yup, still holding NYB thru the whole thing...actually added a little more near the <so far> 52 week low...as long as the divvy is respectable, seems to me its a good company in a temporarily bad situation <couple of years> ...so I'm staying in there..