Sunday, September 18, 2005

Energy Futures Set to Open Higher

Another storm might be heading for the gulf. Early trading is sending crude up over $0.70 and natural gas over $0.50. Energy stocks should open higher. Keep an eye on the more levered plays like Conoco (COP), Chesapeake (CHK), Ultra Petroleum (UPL), Valero (VLO), Tesero (TSO), and San Juan Trust (SJT) . The report is from the Associated Press.

I am long Chesapeake & Tesero. If it pulls back I will add to my position.


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