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Oil is hot right now and rumors abound that Petrokazakhstan, Inc. (PKZ) will be taken over. PKZ drills for oil and gas in Kazakhstan and would make a good target for the big oil companies and China. It is probably a good buy on it's own with a low p/e and oil demand strong through the summer.
Rumors of takeover: http://biz.yahoo.com/cbsmb/050627/3c...9ce4.html?.v=1 Stock is up 15% already today. Disclosure - I own shares of this stock. |
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