Monday, January 14, 2008
Junior oil stocks pumping trading profits
Select oil and gas stocks have shone in recent weeks. Some of them are previous Stock Trends Picks of the Week like Birchcliff Energy (TSX:BIR), Peerless Energy (TSX:PRY.A), and Tristar Oil & Gas (TSX:TOG). BIR screamed to another high yesterday, closing at $8.99 - a 73% gain since it was a Stock Trends pick in early November. PRY.A also hit a new high , and TOG advanced another 6% Monday to close at $14.43. The stock was a Pick of the Week on November 23 at $11.13. Oil and gas stocks now in the Stock Trends focus include Arsenal Energy (TSX:AEI), Berens Energy (TSX:BEN), Celtic Exploration (TSX:CLT), Rider Resources (TSX:RRZ), and Vero Energy (TSX:VRO).