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Oil and Natural Gas Stocks on
the Radar
Last Updated: Feb. 18, 2010 - 11:43am EST
(NEW
YORK) – Wall Street Newscast brings you highlighted oil and natural
gas stock picks we feel may be ones to watch for investors
interested in the sector as an investment. (FNRC, AAPH, BQI, BGOI)
Tom Bustamante, the Managing Partner at Ludlow Capital Group
commented, "With Iran's recent decision to enrich their Uranium
to the 20% level, the prospects of a real confrontation between Iran
and the West has now grown. We project that with the potential
threat of diplomatic and military action against Iran we could see
Crude Oil prices above the $100 mark sometime this summer. Add in a
recovering economy, and low US Dollar, we are very bullish on the
oil and natural gas sector for 2010. To that effect, below are a few
small-cap oil and natural gas plays we consider of interest".
 TransAtlantic
Petroleum (AMEX:TAT) - trading at $2.77 per share, target of
$4.50 (Register for detailed
report)
Magnum
Hunter Resources (AMEX:MHR) - trading at $2.65 per share, target of
$3.75 (Register for detailed
report)
1st NRG Corp (OTC:FNRC) - is a natural gas acquisition
holding corp. The company is new and still thinly traded, but only
has around 5 million shares outstanding, with 2.3 of that in the
public float. Currently trading at $0.51 a share, but could easily
justify a $1 to $2 price range based on valuation and shares out.
American
Petro-Hunter, Inc. (OTC:AAPH) - is currently moving into
production, and is pushing against new 52-week highs. Has around 30
million outstanding. Chart looks strong, and could see this make a
move for the $1.00 range shortly.
Oilsands
Quest (AMEX:BQI) - is traded on the AMEX exchange, and looks to
be making a base around the $0.70 range. There is still danager of
more dilution from financing in this area, but chart looks to point to
possible move back above the $1.00+ range.
Bonanaza
Oil & Gas (OTC:BGOI) - is a 'speculative' oil and natural gas
play trading around $0.015 a share. Their Apclark Field property is
valued at $34 million, but the stock has run into issues regarding
dilution to its common stock. BGOI has recently retraced from $0.07
back to $0.015, but
looks as it could bounce to at least $0.03 near-term. (Register
for detailed report)
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Wall Street Newscast
Email: info@wallstreetnewscast.com
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Safe
Harbor Statements:
This
research report includes statements that may constitute
forward-looking statements made pursuant to the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Although the Company believes that the expectations
reflected in such forward-looking statements are based on
reasonable assumptions, such statements are subject to risks and
uncertainties that could cause actual results to differ materially
from those projected.
Disclaimer:
This is NOT a solicitation to Buy or Sell any security, but rather
is for informational purposes only. Content contained herein
includes facts, views, opinions and recommendations of individuals
and organizations deemed of interest. Wall Street Newscast ("WSNC")
does not guarantee the accuracy, completeness or timeliness of, or
otherwise endorse these views, opinions or recommendations, or
give investment advice. WSNC, its affiliates, or directors, may or
may not hold a position in the above security from time to time,
and investors are encourage to consider this as a possible
conflict of interest when reviewing this information. In
Compliance with SEC Rule 17B Wall Street Newscast was NOT
compensated for this research alert, but may or may not be
held as a holding in parent company's institutional funds, and
thus should be considered a possible conflict of interest when
reviewing this report and information. .
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