ABLE & GEOI

These two oil stocks have been great % gainers on my watch list for days now. The momentum in oil stocks recently is very strong amid surging oil futures. Since crude oil futures price is still hovering around $53-$54 per barrel with no sign of turning, I believe it is going to hit $60/barrel soon which will probably attract more money injections into oil stocks like ABLE & GEOI.

In the press released on last Fri, GeoResources (GEOI) reported Fourth Quarter earnings of 10 cents per share versus 1 cent per share a year ago, profit for 2004 more than doubled to 30 cents a share compared to only 12 cents per share in 2003.

http://biz.yahoo.com/ap/050304/earns_georesources_1.html

In the press released on Feb 25th, Able Energy (ABLE) reported record sales of $18.9 million for Fourth Quarter as compared to $11.8 million a year ago. The company reported net income of 3 cents a share versus a loss of 20 cents a share year ago.

http://biz.yahoo.com/bw/050225/255384_1.html

I expect these two stocks to outperform in the coming days and continuously making new highs. I recommend to buy on any dips and hold for a bigger move. Good Luck!