Returning to the Oil Patch

The energy sector has been very kind to my portfolio over the past six weeks. I have been fortunate enough to be rewarded for loading up on a lot of the beaten-down names in the refining, exploration and oil service space at the end of the second quarter as they were being dumped by money managers for quarterly window dressing. Refiners like Valero Energy (VLO) and Phillips 66 (PSX) have added another 15% of performance since I profiled them a few weeks ago. I have also benefited from the performance of some of the larger oil service names I have in the portfolio, including Halliburton (HAL) and Schlumberger (SLB), since the end of June.

I am taking some profits in some of these large-cap names, as they have had some huge run-ups in a short amount of time. I will be looking to redeploy some of this cash to some smaller-cap names in the oil service area on the next market pullback because I think they still have upside. Here are two stocks in the sector that are due for a much better fiscal 2013 than fiscal 2012, have had recent insider buying and have good growth prospects in front of them....314 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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