Cheniere Energy (LNG) had the highest return in December 2003 by a US stock in the Energy Sector, returning 95%.

ASSET	MONTH	% RETURN
Cheniere Energy (LNG)	December 2003	95%
Dawson Geophysical (DWSN)	December 2003	86.26%
Mind Technology (MIND)	December 2003	69.81%
New Concept Energy (GBR)	December 2003	36.67%
Oceaneering International (OII)	December 2003	26.98%
Barnwell Industries (BRN)	December 2003	24.9%
CNX Resources (CNX)	December 2003	23.92%
Transocean (RIG)	December 2003	23.83%
Transportadora de Gas del Sur SA ADR (TGS)	December 2003	23.68%
Houston American Energy (HUSA)	December 2003	21.67%
Frontline (FRO)	December 2003	21.29%
Tenaris SA ADR (TS)	December 2003	20.94%
Geospace Technologies (GEOS)	December 2003	19.99%
Golar LNG (GLNG)	December 2003	19.95%
Petroleo Brasileiro Petrobras SA ADR (PBR)	December 2003	19.94%
Vaalco Energy (EGY)	December 2003	19.66%
Natural Resource Partners (NRP)	December 2003	18.97%
NPK International (NPKI)	December 2003	18.56%
Ultrapar Participacoes SA ADR (UGP)	December 2003	18.5%
PrimeEnergy (PNRG)	December 2003	18.2%
Schlumberger (SLB)	December 2003	16.93%
Petróleo Brasileiro SA - Petrobras (PBR.A)	December 2003	16.47%
Tsakos Energy Navigation (TEN)	December 2003	16.04%
Archrock (AROC)	December 2003	15.91%
Helmerich and Payne (HP)	December 2003	15.84%