texas underpinning, page-23

XEL looks good for the long term (wait until funding is announced though as until then there's no idea what the dilution might be).

RKH seems to be another solid one for growth. In 2-3 years good profits should be made IMO.

Both of thee plays requires that the oil price remain reasonably high (Brent above $80 a barrel), but then again, if you thought the price would drop below that, it begs the question as to why you would invest in the oil exploration sector.

With that said, I'm 100% in cash right now, and have been for a number of months after selling out of Range. Looking for evidence of a market turnaround before buying into either of the two above mentioned stocks as there's no point catching a falling knife. Funding is much more of an issue with XEL, so I'd consider that the higher risk investment right now (though if they do managed to get a bank loan you should make a nice 50% profit overnight, as the oil is valued at 1/5th of NAV currently because of this).

I don't know enough about XTR to comment tbh.