Monday, October 16, 2006
Sector Spotlight: Energy
Don't look now, but next month's nat gas contracts are trading at $8.19!
Additionally, with the price of crude stable, oil stocks are being accumulated-- in a big way. Just a few weekes ago, I loaded up on VLO, as the knife was falling. Many of you thought it was a mistake buying it (VLO)-- as CNBC brainwashed the masses into believing oil was done. Now, all of a sudden, oil looks good.
With the weather getting colder and Iran acting bolder, oil looks poised to hit $70 before $50.
Besides traditional oil/gas companies, its worth noting breakouts in alternative energy stocks, such as: PEIX, MGPI, IPSU, ARTW, ENER, ESLR, VSE and ADM.
The natural gas stocks I like are: SWN, CHK, NGAS, BEXP, GGR, NGS, TXCO, GMXR and COP.
As for oil, I like: CEO, VLO, SU, HYDL, UPL and CNQ.
The following Energy stocks have mojo:
ESLR +15%
DNE +9%
USEY +6.8%
PEIX +6.8%
SWN +7.3%
BEXP +6.6%
MEK +6%
GGR +5.6%
LNG +4.3%
Additionally, with the price of crude stable, oil stocks are being accumulated-- in a big way. Just a few weekes ago, I loaded up on VLO, as the knife was falling. Many of you thought it was a mistake buying it (VLO)-- as CNBC brainwashed the masses into believing oil was done. Now, all of a sudden, oil looks good.
With the weather getting colder and Iran acting bolder, oil looks poised to hit $70 before $50.
Besides traditional oil/gas companies, its worth noting breakouts in alternative energy stocks, such as: PEIX, MGPI, IPSU, ARTW, ENER, ESLR, VSE and ADM.
The natural gas stocks I like are: SWN, CHK, NGAS, BEXP, GGR, NGS, TXCO, GMXR and COP.
As for oil, I like: CEO, VLO, SU, HYDL, UPL and CNQ.
The following Energy stocks have mojo:
ESLR +15%
DNE +9%
USEY +6.8%
PEIX +6.8%
SWN +7.3%
BEXP +6.6%
MEK +6%
GGR +5.6%
LNG +4.3%
