Joanne A. Hruska, CFA
RSX Energy
RSX-X
BUY
Aug 24, 2007
Gas. They had an amazing discovery at Hinton Alberta a couple of years ago and since then they've increased their land holdings. Once we get past the next 6 weeks, gas prices will start recovering.
Natural Gas - this commodity could drop even further in the next month, so take your time getting into positions. 3 picks he would look at would be ProEx Energy (PXE-T), ProspEx Resources (PSX-T) and RSX Energy (RSX-X). They are all good western Canadian producers with good growth profiles and good properties.
He sold it in July, getting stopped out after a three-month trial period, to buy RSX (Russian ETF, oil) to get exposure to Russian oil and natural gas. We're in an energy shortage.