CNBC and Energy Bull

I haven't watched CNBC in weeks. Today (Monday, June 14, 2010), I just happened to tune in for a few minutes and caught Castellini recommending six energy stocks (the link is to a CNBC video; I don't know how long it will be available for viewing), including WLL and BEXP (Bakken) and EOG and St Mary (Eagle Ford in Texas). I believe Castellini was pushing natural gas as much as oil. This is a nice way to think about it to keep it simple: the biggest oil find in decades in America -- the Bakken; the biggest gas find in decades in America -- Eagle Ford Shale in Texas.

In addition to WLL, BEXP, EOG and St Mary, Jerry Castellini also favors Southwestern Energy and Ranger Resources.

I believe Castellini is generally bullish on commodities including oil; this needs to be taken into consideration if you plan on investing.