4 Next... TAIPAN times the earnings growth of its closest competitor.       But forget about the balance sheets for a
moment and recall our original attraction to this
stock—proven cyclical profits.       As you can see from the chart, last year FPWR
enjoyed a speedy 102% charge in the late spring
and early summer. Looking at a five-year chart, you
can clearly see the springtime run every single year.       This is the fast run we’re looking to play. Quick
and dirty, with the potential for double- or even
triple-digit profits in a just a matter of months. Buy
shares of Fountain Powerboats (FPWR:NASDAQ)
and stay tuned to your Taipan Hotlines and the 247profits e-Dispatch for my sell trigger. Contact: Fountain Powerboat Industries Inc., Whichard’s
Beach Road, P.O. Drawer 457, Washington, NC 27889, tel. 252-975-2000, fax 252-975-6793, website
www.fountainpowerboats.com.       If you’ve been a Taipan reader
since early 2003, then you’ll know
I’m a fan of oil stocks. I get excited
about oil stocks… especially when
I find a new one.       Back in 2003, I recommended
KCS Energy (KCS:NYSE) as a Taipan
buy. We sold it for a 535% gain.       Last year I discovered a few
more oil stocks. Actually, I felt like
Jed Clampett… post-shootin’ for
some food, pre-swimmin’ pools. I had a ton of oil stocks to recommend. I found the
best one and recommended Petroquest
(PQUE:NASDAQ) to you on July 1, 2004.       I’ve unearthed a few more domestic oil explo-
ration companies since then. Once again, the surge
in the cost of oil per barrel has given me a fever. And the only prescription is
more oil… Parallel Petroleum Corporation (PLLL:NASDAQ) is engaged in the acquisition, development, exploita-
tion and production of oil and natural gas and, to a
lesser extent, the domestic exploration for oil and
natural gas. These activities are concentrated in three core areas: the Permian Basin of west Texas
and New Mexico, Liberty County in east Texas and
the onshore Gulf Coast area of south Texas.       At December 31, 2003, PLLL’s total proved
reserves attributable to all of its oil and gas proper-
ties was estimated to be 12.1 million barrels of oil
and 16.3 billion cubic feet of natural gas.
Approximately 82% of its proved reserves are oil
and approximately 74% are categorized as proved
developed reserves. On an equivalent barrel basis,
2003 production totaled 1.2 million barrels of oil
equivalent (BOE), compared with 576,000 BOE in
2002—a 612,000 BOE incr  ease.       As of this writing, PLLL has not released its Q4
and 2004 year-end results yet. The numbers could
be very interesting. Especially when you consider
PLLL’s December acquisition.       PLLL bought an additional 13.2% average work-
ing interest and 10% average net revenue interest
in its producing properties in the Permian Basin.
This was a US$2.9 million deal. It will be interesting
to see if the US$2.9 investment was worth it come
the earnings. PLLL’s on the move I’ve actually been watching PLLL for a month or so waiting for something to validate my “strong This oil company’s chart is anything
but parallel FPWR Daily 6.5 6.0 5.5 5.0 4.5 200 Feb May Apr May Jun 0 4.0 3.5 150
100
50 102% Gain William Colburn