I've been making my move (busy Thursday and Friday) back into the energies. To be honest my timing has been better here than in the PMs. Had a great trade last year, got out right, then this fall had a nice 30% profit quick trade in the OSX (Fidelity Select Energy). Now I'm ready for the big secular move. Emphasis is on natural gas, or mixed producers with NG weighting. The drillers still look to dear to me.
Here's the best valuation work I've seen on the sector. Wulff (once advisor to Gordon Getty, Carl Icahn and Boone Pickens) uses very similar analytical work to mine, and I think he has a great grasp of the macro and qualitative factors as well. Good sell side analyst. I have no problem with the merits of properly valued royalty trusts. Read his comments on SJT.
mcdep.com
This is mostly my conservative money, and I'm not looking for five to ten (or more) baggers here like I am in the junior PMs.
Message 16796174
The bit more aggressive energy plays are PEL, KCH, CEO, PTR. Then AOG, CED, PCX, FST, MRO, SJT, HGT and I think I will stomach BR (management goes in a buy out) before the end of the year. I'll buy mega cap RD below 44. |
