Since I did the article, LUKoil has enjoyed substantial earnings growth, and at noon today the company was upgraded by Standard & Poor's from Stable to Positive.

The mean recommendation of four analysts is 2.0 on a scale of 1 (best) to 5. That's a Buy rating.

I'm only pointing this out today because I wanted readers to keep LUKoil on the radar. It's trading at a PE under 8, and pays a dividend of $1.01 (currently yielding 2.34 pct).

I think you'll like my write-up on this company (done March 14). The picture has even improved as noted today by S&P.

This chart shows you had a great time to buy it during mid-May when I called a bottom on the oils. Today it's a little pricey, and I am not recommending it for the simple reason that I have a well-explained (in these pages) trading discipline.

But, you want to keep your list of candidates to a small number, and watch them constantly for opportunities to buy. For LUKoil, that time will come.