If I may be so bold and use one of Fly’s previous headlines.
To me it makes sense buying oil & gas into this shitstorm. You can use the simple approach and buy [[DIG]] like my man Donny, or you can pick from the rubble.
Looking at fundamentals only, here are the best plays:
- Occidental Petroleum Corporation [[OXY]] Best looking Balance sheet
- Chevron Corporation [[CVX]] Highest Dividend
- Apache Corporation [[APA]]
- Devon Energy Corporation [[DVN]]
- Petroleo Brasileiro SA (ADR) [[PBR]]
- W&T Offshore, Inc. [[WTI]]
- XTO Energy Inc. [[XTO]]
- Southwestern Energy Company [[SWN]]
- Suncor Energy Inc. (USA) [[SU]]
- Denbury Resources Inc. [[DNR]]
- Quicksilver Resources Inc [[KWK]]
- Ultra Petroleum Corp. [[UPL]]
- Exxon Mobil Corporation [[XOM]]
- ConocoPhillips [[COP]]
Look at ’em, all crouched down and snivelling, like. They’re sexy that way. I’m buying.
I think oil will go much lower than people expect, maybe as low as $50. Such a price may not be justified by fundamentals, but neither was $148. If oil gets to $50, then I will add it to the long-term portfolio.