Investors who are comfortable with the record high level of the stock market and a stock at the top of its 52-week range may want to consider Oil States International (OIS) as a momentum or financial structure play, or may want to watch it for dips. While its operations as an oilfield supplier, especially in remote worksite housing, have won plaudits, Oil States excited investors with the possibility it may spin off its accommodations unit into a REIT or other structure, leading to a 17% run-up in the stock price in one day. On May 3, 2013, the company filed an 8-K with the Securities and Exchange Commission confirming its evaluation of a potential separation of its accommodations business. Potential investors should note that activist investor JANA Partners LLC, headed by Barry Rosenstein, has purchased 9.1 percent of the company for $340 million and so is a significant

Investors who are comfortable with the overall high level of the stock market and a stock at the top of its 52-week range, willing to look at a cyclical company with a fairly high (68%) liability to asset level, and appreciate a quirky, out-of-nowhere growth story should consider buying Trinity Industries (TRN), one of the chief US manufacturers and lessors of railcars.

The breakthrough story of 2012 was the emergence of rail to transport US crude oil to refineries, particularly from the North Dakota Bakken/Three Forks formation. While rail is a more expensive form of transport than pipeline, it has three significant advantages in this situation. a) The infrastructure is already built and available now. b) Crude-by-rail offers a wider range of markets. Oil can be shipped to refineries all over the United States - the track is in place to move oil to the East and West Coasts, as

Kodiak Oil and Gas (KOG) can be considered a buy based on two factors: an investor's view of future Bakken oil prices and KOG's ability to continue to both increase its production and reduce its well costs as CEO Lynn Peterson has said it will do, and as the company has been doing.

KOG has achieved a hockey-stick increase in Bakken oil production from 3,953 BOE/D in the third quarter of 2011 to 15,855 BOE/D in the third quarter of 2012. Operating income increased similarly, from $11.3 million in 3rd quarter of 2011 to $36.3 million in the third quarter of 2012. Although the stock has a steep trailing price-earnings ratio of 37, its forward price-earnings ratio is 12.5. Discounted in its current share price is KOG's solid position as one of the leading drillers in a prime US oil basin. Lagniappe is its status as a