just bought a little if anybody has some research on this company please let me know. I took an initial position this morning and will buy a bit more shortly. This one is right in the sweet spot where I have had the most success over the past 10 years - 1000-1500 boe per day, with a decent share structure, good per share production growth, a good land position in a recognized play. 2 bucks should be a no-brainer this year with lots of upside if management delivers on the drilling and maybe creates a little excitement with a transaction or two.
I also bought a big chunk of t.axl for a turnaround story in the cardium (the number 1 lowest cost driller at Garrington). This is Anderson exploration, which was a gas focused co. As they switch from a gas focus to an oil focus and the debt leverage comes down, this one should run. The company has not drilled a gas well in two years, but the market has not got the message yet.
also bought some PXL today. when was the last time anyone mentioned a heavy oil producer? these guys are cheap, very well managed, very good numbers and again just moved from 800 boe to 2050 boe/d for a 2011 exit rate. Heavy oil is still one of the best spaces to invest in based on total return. PXL is run by the former CEO of Innova - the first Canadian company to drill in the Bakken. Hopefully it can stand out from the crowd based on being one of the few ways to play the space, as well as being a successful producer.
I have very high hopes for all three, but I think HYX is the biggest no-brainer