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Strategies & Market Trends : Value Investing

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From: Paul Senior12/2/2013 2:26:03 PM
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Making small adds to my small positions in these gas/oil related stocks:

More Boardwalk Pipeline Partners LP (BWP). Yield okay. Slow div grower though.

EOG Resources (EOG). Not a value stock by numbers I have. However -- its growth could be something else: From SeekingAlpha quoting President and CEO Bill Thomas in a recent presentation:

When you think about 2014 through 2017, when you think about EOG you're really thinking about that we're going to be one of the largest oil producers in the U.S., and that includes Alaska and offshore. We're already the largest producer this year in Texas, which is the largest producing state. We're near to being the largest producer of oil in the Lower 48 and we believe that we will be largest producer in the Lower 48 in the near future. And then we've got our sights set on being the largest producer in all of the U.S., so we have a tremendous inventory of oil to drill.
I'm going to try to ride with these guys. My bet - shares I already have - seems too small to be of any significance in my portfolio, so I'll start averaging up with a few more shares now - now that the stock has come down somewhat.



Sundance Energy (SDCJF): I continue to add. Relatively cheap stock based on 2pnav and flowing barrels. Company indicates substantial growth in oil/ngls for 2014.


Schlumberger (SLB). In a USA environment now where typical or mediocre large-cap growth stocks sport an earnings yield of 5%, SLB, has a current p/e of 18.4x (ttm) and forward Yahoo consensus analyst estimate of 15x -- 15x is too low for a company of this caliber. And historically 15x would be low for SLB.
Assuming analysts are near correct about earnings, or at least have the earnings direction correct, I'll up my tracking SLB position now by a few shares.


finance.yahoo.com

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