Thursday, September 01, 2005

Drowning in Oil

My portfolio is overweight energy. I have taken profits in Halliburton (NYSE: HAL). I am still holding Chesapeake Energy (NYSE: CHK). I added a refiner yesterday Tesero (NYSE: TSO). They are an excellent takeover candidate plus they don't have any refineries in the Gulf. They also have a refinery in Alaska which should see added business if we start drilling in Alaska. Right now just about any energy stock is working.


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