Spekulatius, it seems from your examples you're preference is the larger, more established E&P companies. I hold shares of MDU, NBL, EOG, CSCTF.pk, PBR. (And TOT and XOM, CVX, etc.). I have PBKEF.pk, but there's not much public history on that one. Just letting them percolate in my portfolio, and I haven't run numbers on them recently to see if they are buys now based on their assets. I also have a few shares of SU and a very outsize (large) losing position in ATPG. Not sure these latter two would be considered E&P companies because they say they don't take on exploration (E) risk. Development and production risk, yes, but the exploration risk has been done by someone else previously.
My focus is small E&P companies. They may be undervalued or not depending if I'm adequately evaluating reserves and production (which I may not be adequately doing). As far as being "solid buys", I do not know. I suspect not. I believe though that somebody now buying a package of these that might be in oil shale fields will do very well IF these oil properties are proven and developed over the next few years. The crowd favorite on SI seems to be MHR. It's okay. I like several others better. GEOI being one example in which I'm building a position. |
