>California just went stage 2. <
LOL! How do you know this when I'm here in the Bay Area, and I haven't heard this news...yet? We are having high temperatures this week...into the 90s in some areas, with less of our "natual air conditioning".. fog from the S.F. Bay. I believe the weather is forecasted to be high temperatures through Thursday.
I mainly follow and invest and trade technology stocks, and just in the last 6 months I've started following and investing in energy related companies. When I look at DNR with a P/E of 2.7, CHK with a P/E of 2.65, ROYL with a P/E of 11.87, TMR with a P/E of 6.50, and TMBR with a P/E of 16.50.....all of these companies seem like a bargain, with a very reasonable P/E and having the possibility of at some time being a candidate for being bought out by a larger energy company.
I am a true "rookie" in the energy field, but just the fact that some of the technology investors are diversifying into this sector should be something IMO to consider before deciding upon a "short list" of energy stocks. I can understand shorting a very high P/E company, or one without a P/E at all....but at these levels, IMO shorting would seem to hold a higher risk.
The energy crisis in California IMO will only highlight the need to develop our energy resources, and may bring more investors into this area. |
