Have been trading CRZO before that Brigham Petro. I also like PK but at around $7
Cramer got me interested in this unknown stock
The U.S. economy looks like its on the cusp of a turn around to much stronger growth. The Eu looks like its stabalizing and Japan and China are getting ready to Rumble.
WTI is moving towards $100 and IMO, we are going to see $90++ WTI oil for all of 2013 and possible $100/$110 in 2014 as the Worldwide economics pick up. Mid East GEO political risks only go up as we move into 2014.
IRAN is a HUGE Wildcard that could cause Oil to SPIKE up. This single factor supports more speculation which supports higher oil prices. This is the Oil price reality that we currently trade in.
Loredo is trading at its IPO price of $18 and the company has better economics today with drilling, production and reserve numbers all increasing significantly.
The hang over on speculationg in Loredo is our own GEO political problems a Government shut down that would rattle the markets. 10/15% selloff ????????????? Most likely..... buy it would only be a temporary sell-off.
I would like an entry price below $18 to start to build a position over time.