Well, after that brilliant trade, you've earned my respect, too.
I am taking a very hard look at a local company that went public recently, DEEP, b/c it has the capacity to do very deep offshore work. Excellent capabilities which are getting better through internal expansion and acquisitions. It is in expansion mode and could be an enormous success. Also, NFX, which reported recently.
Energy, in all its facets [services, E&P, refining, etc.] is a no-brainer so long as you pick and choose carefully. And the p/e ratios can be very, very low. Just take a look at VLO. By all rights it is a growth stock but the market, for reasons I cannot understand despite looking at things very carefully, refuses to give it the appropriate p/e ratio. But it will. |
