High Oil - Samson Oil & Gas

As Western allies began enforcing No-Fly Zone over Libya over the weekend to save the Rebels from total collapse, analysts are predicting a long civil war between Libya's long time dictator Gaddafi and its rebels at the East side.  And since Libya is one of the OPEC member with 9th largest oil reserve of the world, the impact on oil price could last a while.  So many oil companies are seeing their stock price surged again, especially small oil company like the Australian based Samson Oil & Gas (SSN).   


Although the company is based in Australia, it's oil and gas operations are in US and could benefit from the anticipating increase production of oil reserves in US.  It's stock price has already taken advantage of rising oil and up more than 250% since December of last year.  Traded at $3.77 per share the stock actually has a relatively low P/E of 6.91.  The recently sell-off actually indicates great buying opportunity as KD line is ready to be back to bullish trend again.