for captain salty, page-6

re: for ian Thanks for your comments Ian ... I won't be buying any HZN ... I would imagine that any net value HZN gets in the next few years will be squandred on 'oil-proof' permits just like the last several thousand leads ther've had LOL.
Still I think they may have enough cash to pay there share of Maari development , now that China's gurgled.
Not for the faint hearted this one ..

Now AWE is quite the different story :)
Virtually NO downside IMO and up side toward $3 imo over the next year with strong medium term growth propects.
If you are looking for strong growth with medium risk /limited downside in the energy sector then you cannot ignore AWE and PSA . I especially like the project locations of each ... no potentially unstable 3rd world plays ..

Therefore my portfolio in this sector is:

High Risk HDR / ROC / PPP
Med Risk AWE / PSA
Low Risk NZO

All the above have the potential to double or more over 12 months . The risk profile is purely my assesment.
I dont see value elsewhere in the energy sector atm , but having said that will check out NDO and the others Jocam and Iam mentioned.

Cheers ,

SALTY