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.
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