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Check out Pyramid Oil Company (PDO:AMEX): TFN Editor’s PIC

Posted June 5, 2008

Check out Pyramid Oil Company (PDO:AMEX): TFN Editors PICBaltimore — (TFN): The stock price for Pyramid Oil Company (PDO:AMEX) hit 52-week highs in recent weeks, then retreated slightly (see below). But I don’t see it staying down.

Founded in 1909, Pyramid Oil is involved with the exploration, development and production of crude oil and natural gas. They are headquartered in California and hold interests in New York, Wyoming, and Texas.

In May the company announced first quarter results and they were stellar!

The actual revenue amount for the first quarter was $1,589,896 — that’s a 92% increase over last year’s first quarter.

With U.S. consumer energy needs not diminishing anytime soon, I can’t see this as a bad bet.

I suggest you buy shares of Pyramid Oil Company (PDO:AMEX at or under $22 and hold on for the ride.

Laura Cadden, TodayFinancialNews.com

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Posted by Laura Cadden · Filed Under Editor's Pic, Oil and Energy 

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