in our 7-27-09 Oil & Gas Report we spoke with Chris Pikul of Morgan Keegan & Co., Inc. and he gave us his outlook for the Sector and did have two companies he liked at this juncture:

Mr. Pikul: There’s a two-pronged approach here. As oil continues to provide strength to the group, I’ve been recommending some small cap levered companies, specifically Whiting Petro­leum (WLL) and Berry Petroleum (BRY). Both companies trade at a discount to what I think their net asset value is. Largely they were beaten up due to financing concerns, but both have since re­paired their balance sheets to a great extent.

Follow on us on TWITTER for commentary and exclusive content

This entry was posted on Thursday, July 30th, 2009 at 9:25 am and is filed under Natural Resources Stocks. You can follow any responses to this entry through the RSS 2.0 feed.