The Next Big Find in Oil

November 19, 2007

One of our special focuses for this week is on Oil & Gas exploration and production. We sat down with a roundtable of analysts who cover this space, and talked about the future of oil- and where the next big find will be.

John Gerdes, Suntrust Robinson Humphrey Capital Markets: “I think the Appalachian Basin and the Rockies region are two areas that are recieving an elevated amount of attention in terms of evolving potential new resource concepts.”
Phillip Dodge, Stanford Group Company: “One that is important to mention is the North West Shelf of Australia, which has really emerged in the last couple of years with companies like BHP (BHP) and Woodside doing well.”
Phil Weiss, Argus Research Group: “One place that hasn’t been mentioned yet…is the Deep Water Gulf. We just had the recent lease sale there, which I believe was the second largest in history. That is one area where a lot of companies are looking.”

For the full roundtable discussion, including a complete overview of the sector and stock picks, click here.

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