Westport Innovations (WPRT) is a company that designs natural gas engines for small, medium, and large vehicles like 18-wheeler trucks. Clean Energy (CLNE) is building a nationwide filling station infrastructure for natural gas vehicles, and the completion of thousands of refueling stations is the main obstacle to mass adoption of natural gas cars and trucks. The system will eventually get built, though, because natural gas is cheaper than regular gasoline and diesel. Westport is also involved with Caterpillar in making natural gas engines for industrial equipment. The company's revenues are growing at a good pace, too.
The stock has found good support in the lower $20 range. WPRT jumped over $2 per share this past Friday. You will need to be patient because it is a volatile stock, but the company will succeed over time. I own shares of the company, and I believe it will be worthwhile to own as long as you make it a small portion of a well diversified portfolio where most of your holdings are dividend stocks.
Sunday, November 11, 2012
Sunday, September 9, 2012
Buy Whiting Petroleum
The search for multi-bagger stocks can be frustrating at times. When you find a proven winner, you need to hang on to it. For example, at $680 per share in September 2012, Apple has grown around 8 times in the past several years since the low of $85 per share in March of 2009. Gaining this much money over several years can be a life changing event for good.
Since Apple is now the largest company in the world, it is unlikely that it will grow another 8 times. Therefore, we need to look elsewhere for multi-bagger stocks. One possible stock for gaining 200 to 300% in the next several years is Whiting Petroleum (WLL). They own a lot of acreage in North Dakota where the oil business is booming. In fact, North Dakota is now the 2nd highest oil producing state in the U.S. after Texas. Whiting is already up 10% in the past month, and they may have a 20 year supply of oil in North Dakota. Now is the time to buy WLL and hang on for the next several years because we will always be using oil.
Since Apple is now the largest company in the world, it is unlikely that it will grow another 8 times. Therefore, we need to look elsewhere for multi-bagger stocks. One possible stock for gaining 200 to 300% in the next several years is Whiting Petroleum (WLL). They own a lot of acreage in North Dakota where the oil business is booming. In fact, North Dakota is now the 2nd highest oil producing state in the U.S. after Texas. Whiting is already up 10% in the past month, and they may have a 20 year supply of oil in North Dakota. Now is the time to buy WLL and hang on for the next several years because we will always be using oil.
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