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West Texas Intermediate (WTI) oil prices have had a nice run over the past couple of weeks despite a strong dollar. Thanks to new pipeline capacity coming online the spread between WTI and Brent crude prices has narrowed substantially over the past few months and currently stands at only a few bucks a barrel. Although this is a negative for some of the refiners I hold in my portfolio, the rise in WTI prices has been hugely positive for my domestic "oily" E&P concerns. Both Triangle Petroleum (TPLM) and Emerald Oil (EOX) are up significantly since being profiled on these pages recently.

I added another speculative E&P concern today to my portfolio. It is...

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