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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (55043)	3/18/2015 1:17:38 AM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78753

Nothing changed since Message 29898844

To: Spekulatius who wrote (55043)	3/18/2015 9:25:01 PM
From: Shane M	2 Recommendations Recommended By Jurgis Bekepuris Spekulatius Read Replies (1) \| Respond to of 78753

So the E&P stocks are pulling back, with the price of crude of course, are any value hunters out there in E&P stocks or related business? Spek, I'm about 30-35% into what I consider a full position on energy. This current stance reflects my view that there's a good probability that it gets worse before it gets better, but we very well could be seeing a bottom. I've been riding alot of cash up to this point so it's more difficult for me to tell if the "fear" is there yet, but it seems there's a lot of money still trying to get into energy. The heart-breaker, blood-in-the-streets may still be forthcoming, but I guess that's always going to be a possibility, so I've started some position the past couple of weeks. I've tried to select companies for value and survivability (generally lower debt levels compared to peers) and have opened positions in HP (driller), OXY, VLO (refiner), HES, and OIS (services which is riskier imho). It's all done in a fairly quantitative way, although I do hold special affinity for HP as best in breed w/ no debt assuming fracking recovers along w/ oil price. If oil goes back to 70-75 I think fracking in most places is economical and HP gains share from the downturn. These are all obviously longer term investments based on assumption of oil price recovery in 2-3 yrs. I'd like to get some CVX, but so far it won't cooperate w/ me on price. NOV (which you mentioned) was is on the short list also in services, but OIS ranked higher based on the metrics I was using (again, mostly quantitative approach).

To: Spekulatius who wrote (55043)	3/20/2015 10:26:24 AM
From: Paul Senior	Read Replies (3) \| Respond to of 78753

Well I have a bunch of e&p related. I've sold down positions, taken losses, trying to hold on. I have HOS, EAC, PRSEY, FI, SLCA, HCLP, NOV, ESV, ATW, SDRL, SUBCY, MDR. My current favorites: HOS. As I've said: I'll follow the insiders here again in their buying. That previous time turned out exceptionally well for them and me. EAC now. EAC provides "floating hotels" for oil workers, which I guess is a requirement if off-shore wells continue to operate. Utilization seems to be okay for this niche business. Company is profitable with low price/stated bv. Nice margins. Dividend while holding on.