2008-06-02 12:07:23 -

- Zacks.com releases the latest Analyst Interview. Today's interview is with Director of Equity Research Dirk van Dijk, who discusses Double Eagle (Nasdaq: DBLE), Warren Resources (Nasdaq: WRES), Clayton Williams (Nasdaq: CWEI) and Petroleum Development (Nasdaq: PETD).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: at.zacks.com/?id=2678.

What big questions are these findings causing you to make?

Basically these: Will we see world consumption decline again in response to high prices? Will the emerging economies like China and India bring their consumption down the way the industrialized world did in response to the last oil shock?

It seems clear that high prices are the only thing that is effective in causing demand to decline. I think that high prices are likely to be very persistent, and would continue to heavily overweight Energy in all portfolios.

Which specific companies would you recommend here?

Actually, there are several much smaller E&P companies that fit the bill. Some of my favorites are Double Eagle (Nasdaq: DBLE), Warren Resources (Nasdaq: WRES), Clayton Williams (Nasdaq: CWEI) and Petroleum Development (Nasdaq: PETD).

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Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

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