Looking Good, Alberta! Analysts Like What They See

On a lousy Wednesday before Thanksgiving, oil and gas stocks did OK.

And that was in the face of an unexpected rise in oil and gas inventories as reported by the American Petroleum Institute. The benchmark American Stock Exchange Oil and Gas Index was barely off on the day. And some of the oil and gas producers were up. Take, for example, a stock I first wrote about back in May, Alberta Energy(AOG Quote). It rallied a bit today -- as it has since I first wrote it up -- about 15%. In a dicey market like this, it seems sensible to me to focus on stuff that is working.

So let's revisit Alberta to see if it still makes sense. By focusing on this company, I hope to illustrate a larger point -- prudent investors may want to consider high-quality, independent North American oil and gas producers, especially Canadians that trade at relative discounts to their U.S. peers.

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