RE:RE:Picked twice on BNN in past 5 daysIf you were to buy one oil company right now the only one I would look at is Parex Resources. It still makes money at $30 oil price. Huge resource with lowest finding costs in business. I just bought a very small initial position on Friday. Will buy on any further weekness going into fall - Slowly, with lean more towards later fall, say november.
I just sold BIR for $8.95 a couple of weeks ago(bit too early) after buying in the low $4's about 3 months ago. Will buy again in September on a pull back.