Bruce Pile

Can Oil Go Even Higher?

You can find several oil stocks where the oil price debacle has not even dented a rapidly climbing cash flow curve, making them much more attractive than USO or any pure play on oil price. Endeavor International (END) has ramped their per share revenue up 2400% since 2004 and their cash flow up over 600%! Maybe they want more oil debacles like this. The insiders were grabbing up shares with both hands during last year's panic. The stock, of course, is way down from its high, but now it is absurdly cheap with a current PE of about 4 and a phenomenal growth rate.