3 resources stocks I'd buy with $10,000

You don't have to find the next Liquefied Natural Gas Limited (ASX:LNG) to be a great resources investor. In fact BHP Billiton Limited (ASX:BHP), Senex Energy Ltd (ASX:SXY) and Independence Group NL (ASX:IGO) could make great stock picks right now.

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Earlier this year, I wrote (on a number of occasions) about Liquefied Natural Gas Limited (ASX: LNG) ("LNGL"). A small-cap company which was largely unheard of.

I was lucky that it even ended up on a watchlist I created, after running a very basic stock filter. It wasn't until the company began commissioning analysts' reports that I actually started to take any notice of it.

I did my own research and I bought in shortly thereafter.

But soon enough, North American fund managers began aggressively buying up LNGL shares and now I'm happily sitting on a 13-bagger. Not a bad six-month return at all.

However, the truth is, I was lucky with my timing and had I found it just three months later, the rewards wouldn't have been anywhere near as good.

It's true, for every one LNGL, there are likely 10 more companies with share prices that don't go anywhere and another 20 that eventually go broke.

It's a tough reality and no matter how much research I do, there's no way I can honestly expect I'll get another one like LNGL anytime soon.

However, right now, I think there are a number of quality resources companies trading at cheap prices, to suit every type of investor.

For example, BHP Billiton Limited (ASX: BHP) is a quality stock pick for more risk-averse investors who want a company which pays a quality dividend.

For growth, I think nickel and gold miner Independence Group NL (ASX: IGO) is worth a bet. It'll benefit from a high nickel price and production increases at its Tropicana gold project. It could also be ready to start growing acquisitively.

Lastly I – like a number of other Foolish (capital 'F') writers – think Cooper Basin oil and gas producer Senex Energy Ltd (ASX: SXY) holds great long-term value. I recently bought some stock and (unsurprisingly) it has fallen hard since (down 12%), but I don't care, because I know Senex is a stock I'll probably hold for five or more years, as its large amount of reserves come into production.

3 high-risk/high-reward resources stocks picks – Yours FREE!

Motley Fool Contributor Owen Raszkiewicz owns shares of Senex Energy Ltd and Liquefied Natural Gas Limited.  

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