I've decide to take a position in Orleans Energy - OEX today. Orleans has a great inventory of natural gas properties located mainly in West Central Alberta. More recently it has focused its activities on a light oil play at Waskahigan in West Central Alberta and has had initial favorable drilling results. This new discovery will give Orleans some operational flexibility with its drilling program as the price of natural gas continues to be weak. In my opinion, this is a great way for Orleans to keep generating interesting projects and maintain investors attention in this weak natural gas environment. I encourage you to take a look at their website and look at the numbers for yourselves; http://www.orleansenergy.com/index.html
It is of my opinion that we seem to have found a bottom in the price of natural gas for the time being. For the past several weeks, I have started to accumulate shares in DEE, NVA and most recently, OEX. All three have been sold off over the past several months and are trading near their 52 week lows.
As always, do your own DD and make sure these stocks are right for you. All three picks mentioned above are BUYS at these levels. Have a great trading day,
For those of you who would like to see my current US and CAN holdings, feel free to join The Risky Picks Group: http://www.stockhouse.com/Groups/GroupInfo.aspx?g=50520