A Quick Pair of Energy Plays

Oil rose Thursday for a seventh straight session to more than $92 a barrel, its highest level since mid-May. Tensions across the Middle East are as good an excuse as any: Israeli authorities are blaming Iran for this week's deadly bombing of an Israeli tour bus in Bulgaria. Meanwhile, Syria continues spiraling into civil war. Oil prices at least seemed to have bottomed (see chart below), and it looks like the momentum is to the upside right now.

Oil -- Daily Source: Finviz.com View Chart » View in New Window »

Given this, investment in the energy complex seems like a prudent bet. Although energy stocks have bounced back over the last month, they are still down from their highs earlier in the second quarter. The oil-services sector is approximately 10% off from its highs in the second quarter, and is lower by about 15% from its highs earlier in the year. Exploration-and-production equities have had a similar trend. Here are two stocks from the energy sector have low valuations, good growth prospects, some recent insider buying and that are substantially below analysts' price targets and book value....245 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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