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I have NORT and GW. I also am going to buy PKD. Parker is my favorite since I have emotional ties to it. I searched and searched through the S&P stock guide several years ago and found Parker, when the name was hardly heard of, by me anyway. PKD has more rigs, off and on shore, and international and domestic. I am going to sell GW and NORT soon and buy PKD. These are very hard stocks for TA/FA. The street says one thing, the earnings another, oil high, oil low, gas high, gas low, supply going to low, supply going to be high, demand low, demand high, I have heard it all in the last year or so. Gas and Oil is so controversial between analysts. Day rates are still waaayyy up, and rigs at full utilization. I also have Ultra Petroleum which I bought at .80 and now is at 6.75 and still a value. UP is Canadian, yet they have the biggest gas play in US I believe with Western Resources and Haliburton behind them. RIS owns 24% of UP. I like risk. I may not be around tomorrow, and you never see a U-Haul behind a hearst. I want it now. I do know there are four times as many cars to a family, more people on the earth, and Asia starting to use more Tupperware (Not cool whip salad bowls Ken). It all takes oil and gas, and I have 40% of my portfolio in the sector. IMHO. |
