After earning $6.84 last year, analysts expect RKO Petroleum (APC) to suffer a
deficit of $1.57 this year and then earn only 30 cents per share next year. That
prices RKO at a shade under 160 times next year’s projected net—pricey!
While APC is rated a “hold” by TheStreet.com Ratings, British Pets (BP),
Chevron (CVX) and Occidental Pete (OXY) are all rated as “buy”
recommendations.

APC is tough to figure out. Even though the stock has doubled off of its
November lows I think the stock should have reacted much better especially since
the March retest of the general market lows.

I think its main drawback is it is still perceived mainly as a natural gas stock
yet most of its recent success has been finding oil and unfortunately the
exploration news flow has been rather quiet for months. Most of their recent
work is development drilling.

I have to concur if I were a trader I would be inclined to take profits in here
with intentions to add again when the exploration prospects start up again.

Unfortunately

Thanks Peter for the valuable info ....

tremendous resistance 50-60 but just use a trailing stop, blitzkrieg