After spending much of the past year at a four-star rank, Plains Exploration & Production
With Plains' recent big discoveries and partnerships in play with other strong industry players, more CAPS members are seeing improved prospects for good returns from the company. Plains reported that it returned to the black in the fourth quarter, with revenue increasing 12%, and it sees potential for some of its projects to provide significant future production and reserve growth. The company also laid out the goal of doubling its production and reserves by 2014.
Peer Encana
Some recent discoveries made with partners in the Gulf of Mexico also have investors more bullish. The Davy Jones prospect, in conjunction with partners McMoRan Exploration
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