TD, I think that FLC could go to the mid 20s over the next two years, but I am not willing to say there is little risk. It could also go belly up under a really awful oil scenario.
The real estate market in Houston continues to boom, which surprises me. So far, people keep buying houses even if they are losing their jobs. <G>
Other energy stocks I like, from high grade (hg) to speculative include:
Services: Tidewater, Diamond, and Global Marine, all specs. SLB, HAL, HP, all hg.
Producers: Plains Resources and Snyder, spec. Burlington and Union of Cal, hg.
Integrated: Arco, hg.
MB
|
