Grommit, it almost seems like some of the ancillary stocks to oil have run up further and faster than some of the oil stocks themselves.
I can't go for coal co. BTU psychologically because I just can't or won't get myself to step up $30+ higher than what I sold BTU for. Ugh!
OTOH, I've bought several coal haulers, and I still hold them. (The railroad stocks which have been discussed)
The tanker stocks still look good to me. OMM might still be a buy - I've added a bit to my position recently. (Tanker stocks always seem to me to be cheap with their low p/e's; maybe they still actually are, maybe not.)
I still like the refiners too, and I've mentioned several here over the past few years.
I bought SU in April after it was mentioned in Barron's in an interview with a fellow from John Herold Inc.
siliconinvestor.com
I continue to add to XOM (yesterday) as it hits new highs.
I'm considering adding to NGAS. A small company: I'm not sure of management's experience; I'm not that knowledgeable about accounting practices in this business or how conservative (or not) that NGAS is or how they structure their sales (contract or spot) or how they capitalize (or otherwise account for) their expenses. Here's the ruling reason for me buying (or holding) though: ""Our successful drilling continued at a record pace," said William S. Daugherty, President and CEO of Daugherty Resources. "We were 100 percent successful in our 53 natural gas wells drilled in the first quarter, including 15 new wells on our Leatherwood Prospect."" (5/17 PR)
Lot of opportunities still in the oil/gas sector. (I hope). Still, it's difficult to understand the businesses therein. That's why I like a package - whether it's within a subsector (e.g. pick a few integrated oils or a few tanker stocks,or refiners, etc.) or among subsectors (pick a small cap, a driller, a tanker, and one integrated, and etc.) |
