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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (30685)	4/17/2008 4:28:39 PM
From: Jurgis Bekepuris	Read Replies (1) of 78666

Oil stocks are beginning to be less attractive. The "cheap" ones usually have huge refining segment that is losing money or earning subpar returns. I am "peak oiler" in my heart and I look for stuff to buy, but the stocks are in "hold" area. I may even take some profits if things run up even more. I don't have a target oil price though. IMHO, it's very tough to estimate considering that we are not really in oil decline yet, but on the other hand demand is probably still increasing more than supply. Most attractive stocks right now seem to be COP and PTR, though both suffered either from direct refinery margins (COP) or from government price caps (PTR).

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