Originally Posted by
shasta
Bear
I have BCC on one of my O&G/CSG watchlists, but as it's in the USA i'm not so keen on it. (Plus it has debt!)
I've been in AMU, PSA, & TEX before & all seems to cop it more than most due to being in the USA, those damn GoM hurricanes don't help!
However BCC do have some nice gas assets & the period Nov 08 - Jan 09, will be the making of the company as several projects come into production.
I personally prefer TEX/O to BCC for a leveraged US based play.
OEL has great acreage in the Phillipines, & lots of gas in Turkey, which attracts much higher prices than the US.
I like it's portfolio of leads, with upcoming drilling (early 09) in Italy, & some farm out activity due in the Phillipines for some deep water drilling.
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