My energy stocks have been zooming upward like dot coms used to - well, almost.
I don't think I can recommend any of these as buy, only a hold on, watch for the top.
GTE
BZP
ENT
LINE
PWE
EGY
RAME
These two need to re-start -
TXCO
TRGL
On the Uranium side, Dennison DNN DML.to is moving up.
Expect that to jump around a lot.
Okay, there is one new name (to me) just starting to move - please go to Boom Boom Room, do your on Due diligence, don't over bet, and use stops.
END Endevor
It's one of Ed Adjootian's new picks, and we may need to hold this for 6 months to a year for all the drilling results to come in. North Sea oil, multiple projects, good partners, well capitalized.
There was someone on Bloomberg TV saying that energy stocks are now 16% of the S&P 500, Financial stocks are still 22%, and he expects energy stocks will be the largest slice of the S&P in a year or so.
Now that's the BIG cap end of things, and a massive change in valuations - Fins down, Energy up.
With the smaller caps, it is like the end of the lever arm - moves much faster.
Especially smaller caps finding more oil, where normallly the new value is reflected in the stock price over a period as long as a year, with oil going up, and money flowing into the energy sector, there is a double or triple action.
This is especially true if the stock was undervlaued a year or so ago when oil was $70 because "everyone knew" oil would go back to $50 or $40 and the company's projects would be economically marginal at $40.
Thanks to everyone on SI for all their help. |
