Right, I agree that CVX is cheap also, but as you're implying, CVX is way off it's 2009 lows. TOT and E are somehow within earshot of those lows, even with Oil at $85. It's partially a sector play to me in that when demand catches supply (1, 5, 10 years? Who knows?), all of the oil companies are going to be loved.
I continue to buy unloved companies. CSCO, MSFT, TOT, E. When I think of 'value' stocks, I'm looking for the unloved and unappreciated. :) I'm not buying every unloved stock, but that's where I start my research.
Picked up some SVU this week for the same reason.
Thanks,
cwillyg |
