I have to research this further, but my understanding is that certain Chinese oil companies are drilling in the Gulf Of Mexico taking advantage of the 6 month moratorium on drilling that the American companies are forced to wreckon with. Sure enough, CEO is starting to look like the next Apple computer. PTR looks a little bit weaker in my opinion, so I am going to stick with CEO. CEO is my baby with a price target of 250.
I didnt find the information I needed on China drilling in the Gulf, but it doesnt matter. The taxes, penalties and regulations will not effect Chinese and other foreign oil companies. Off the top of my head, I see CEO as a winner. Some other small cap oilers I am looking at are IVAN and EGY...more risky, but all these stocks should benefit from the coming rise in crude. I figure American oilers will be very negatively effected by Obama's agenda where as the foreign oil companies will be positively effected. The fool has thrown higher oil into the laps of the Arabs, Chinese and Iranians. How could anyone be this foolish? Its laughable. Well I am fixing to profit off of America's misery through my foreign oilers. Already made a chunk today.