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No. of Recommendations: 2
I have only held it since 1/27/05 and am already up almost 30%. Of course it is a volatile stock, as are probably all the energy stocks. I did much DD before buying and continue to pay close attention and think it is a keeper, although it will rise and fall with the energy crisis. I wouldn't call it a "safe" stock like perhaps the best of the blue chips, but the company seems to be very wisely run and is on sound footing in terms of its goals and future plans. It is based in Fort Worth, Texas, where I live, so we get somewhat more local coverage than you might see in the national press. They were just recently ranked #2 overall on a list of the 72 most successful local companies, based on a number of metrics, through June 2005. I am very impressed with their management, and they have certainly been successful so far. That said, I would never put more than a small percentage of the part of my portfolio that is intended for long term holding into energy stocks. They look great right now, but who knows who is right about the so-called "energy crisis" or "energy bubble." Invest carefully and look before you leap.

Good luck.
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