Thursday, June 12, 2008

In "Stocks Could Be Hostage To Oil Prices All Summer" which defensive play did Richard Sparks recommend?


Squawk on the Street

In "Stocks Could Be Hostage To Oil Prices All Summer" which defensive play did Richard Sparks recommend? Answer: PetroQuest

Get All the CNBC Bonus Bucks Answers Everyday at EF Hutton




In "Stocks Could Be Hostage To Oil Prices All Summer" which defensive play did Richard Sparks recommend?

Stocks Could Be Hostage To Oil Prices All Summer

"The energy area is going to be the primary area that is going to benefit," says Richard Sparks, senior analyst at Schaeffer's Investment Research. "Specifically, you want to look at the front end of the pipeline that benefits from that increase in price--exploration and production, rather than the refiners."

Sparks recommends two small-cap exploration firms: PetroQuest and Goodrich Petroleum