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inthemoneystocks
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inthemoneystocks' Blog : Small Cap Oil Stocks Rip Higher

Date November 16, 2011    Comments Comments (3)    Rate this post Recommend This Post (24)   
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Small cap oil stocks are rocketing higher today on the back of a move over $100 per barrel on oil. While stocks like ConocoPhillips (NYSE:COP) have moved dramatically higher in recent months as oil has soared, small cap oil stocks have stayed at their lows. Today, the United States Oil Fund LP (ETF) (NYSEARCA:USO) is trading at $39.31, +0.87 (+2.26%). This is over a 30% move in the last six weeks.


Small cap oil stocks are waking up today. Huge gains are being seen on Blue Dolphin Energy Company (NASDAQ:BDCO), Mexco Energy Corporation (NYSEAMEX:MXC) and others. Mexco Energy Corporation is trading at $8.35, +2.08 (+33.19%).


Traders are clamoring to find the next small cap oil stock that has not moved yet. While most have already run today, there are a few still near their lows. Magellan Petroleum Corporation (NASDAQ:MPET) is one to keep on watch.


Gareth Soloway


InTheMoneyStocks.com


Tags : ETF   COP   USO   BDCO   MXC   MPET  

3 Comment(s):

Author omega21     Date November 16, 2011 13:40  Edited: November 16, 2011 by omega21 Abuse this post Report Abuse
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Buy Pacific Alcohol (PEIX)
TGC is also good.
Author jenpaulino     Date November 16, 2011 14:43 Abuse this post Report Abuse
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Omega, are you recommending buy on PEIX? Did you not see the ITMS call to buy PEIX at about .29 then it ran over 400%? that was the buy level. Just a bit late to the party imo.
Cheers
Author JoeJustJoe     Date November 16, 2011 14:52 Abuse this post Report Abuse
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Actually, I will go out on a limbo ann gar-own-tee those who mist thur buy opp at .29 centavos anudder chance to buy thur in the future. The windup? Omega liked it at 1.60+...can't wait to observe his giddiness whenst (not if) his pants are fool ov shiddiness as PEIX once agin trades at .25 centavos *-) 3J
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