5-Star Stocks Poised to Pop: Precision Drilling

By Brian D. Pacampara February 22, 2010 | Comments (1) Based on the aggregated intelligence of 150,000-plus investors participating in Motley Fool CAPS, the Fool’s free investing community, Canadian contract driller Precision Drilling Trust (NYSE: PDS) has earned a coveted five-star ranking. With that in mind, let’s take a closer look at Precision Drilling’s business and see what CAPS investors are saying about the stock right now. On CAPS, 97.5% of the 1,697 members who have rated Precision believe the stock will outperform the S&P 500 going forward. These bulls include ross812 and DarthMaul09. Just last month, ross812 singled out the stock as a rather slick selection: “If oil stays at $80+ a barrel exploration and drilling for new wells will increase. Precision Drilling is in a position to benefit. [Read the full article]

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Legacy Reserves LP (Nasdaq:LGCY – News) today announced it will report its fourth quarter and 2009 year-end results on Wednesday, March 3, 2010, following the close of NASDAQ trading.  A teleconference and web cast will be held on Thursday, March 4, 2010, beginning at 2:00 p.m. (Central Time).

Those wishing to participate in the conference call should dial 877-266-0479. A replay of the call will be available through Monday, March 8, 2010, by dialing 706-645-9291 or 800-642-1687 and entering replay code 58102499. 

Those wishing to listen to the live or archived web cast via the Internet should go to the Investor Relations tab of our website at www.LegacyLP.com. [Read the full article]

Pegasi Energy Resources Corp. (OTCBB:PGSI – News), an East Texas based oil and gas exploration and production company, is pleased to announce that it has executed a Lease Fund agreement with an independent oil and gas operator from Irving, Texas to expand the Company’s land position within the Cornerstone Project. Mr. Mike Neufeld, President and CEO, states: “We designated a specific geographic area of approximately 28,000 acres within the large Cornerstone Project and created an Area of Mutual Interest. The company already has a leasehold position in the AMI and our partner will commit up to $4,000,000 in expanding and renewing our acreage position by paying 100% of the cost for a 50% interest.” In addition, Mr. Neufeld states: “This allows us to protect our present position and to add to our inventory. [Read the full article]

Mariner Energy, Inc. (NYSE:ME – News) announced today that it has scheduled a conference call for 10:30 a.m. Eastern Time (9:30 a.m. Central Time) on Monday, March 1, 2010 to discuss full-year and fourth-quarter 2009 financial and operating results. Mariner expects to release a summary of financial results before trading opens on the New York Stock Exchange on Monday, March 1, 2010.

To participate in the conference call, callers in the United States and Canada can dial (866) 202-0886. International callers can dial (617) 213-8841. The conference passcode for both numbers is 8460 0122. The call also will be webcast live over the Internet and can be accessed through the Investor Information section of Mariner’s website at www.mariner-energy.com.

A telephonic replay of the call will be available through March 11, 2010 by dialing (888) 286-8010 or (617) 801-6888, passcode 7201 1598. [Read the full article]

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