I would keep the small tier energy stocks on the radar like Blue Dolphin Energy Company (BDCO), Lucas Energy, Inc. (LEI), and Royale Energy, Inc. (ROYL). BDCO is the closest to 52-week highs and looks strong. I’ve been in LEI and ROYL the past couple of days and volume seems to be picking up. It seems that they are just starting to make a move. LEI just cleared a 2 day high of $4.15 and ROYL and BDCO are leading the way.
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Disclosure: Long LEI, ROYL
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