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Gold/Mining/Energy : Big Dog's Boom Boom Room
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From: Ed Ajootian12/4/2006 8:07:01 AM
  Read Replies (3) of 205812
 
The linked article about the January Effect, finance.yahoo.com , makes an interesting point -- that it mostly just applies to the lower market cap stocks.

Bringing this home to the E&P arena, I present my top 3 candidates for January Effect moves this year:

1) Petrosearch Energy (PTSG) -- this company is taking the term "late bloomer" to the max, but, more than a year after it raised a bunch of cash it is finally starting to put some numbers on the board. The stock price has recovered recently but I believe it has a lot more to run, which I predict will occur once the tax-loss season is over.

2) Westside Energy (WHT) -- they have a great play going in the Barnett Shale, only problem is nobody knows it. A big chunk of their acreage is in the same county that EOG was recently singing the virtues of.

3) Dune Energy (DNE) -- they are going nutty drilling and fracing holes, but the market is wary of buying the stock because they have to come up with $25 M in about a month to complete the financing for their Barnett Shale acquisitions. Once this occurs, and tax-loss selling season is over, this turkey should fly.

If you wanna talk low market caps for January Effect stocks, you got 'em -- each of the first 2 companies have market caps below $30 M.
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