Energize Your Portfolio
With the Anadarko's recent acquisitions of Kerr McGee (KMG) and Western Gas (WGR) it is time to look at energy stocks again. Conoco Phillips (COP) has a compelling valuation but with a $100 billion dollar market cap it will be hard for it to be considered an acquisition target. I own some shares of Chesapeake Energy (CHK) which trades at 8 times earnings and only has a market cap of 11.7 billion. I also think Marathon Oil (MRO) looks attractive at 8 times earnings and yields over 2%.
Energy Stocks Under $16 Billion With A P/E Under 9
XTO Energy (XTO)
Chesapeake Energy (CHK)
Noble Energy (NBL)
Cimarex (XEC)
Pogo Producing (PPP)
Energy Stocks Under $16 Billion With A P/E Under 9
XTO Energy (XTO)
Chesapeake Energy (CHK)
Noble Energy (NBL)
Cimarex (XEC)
Pogo Producing (PPP)
posted by Big Ben at Saturday, June 24, 2006
4 Comments:
I'm inclined to that the best way to get exposure to the energy sector is by an ETF. I think PXE and IGE are good choices for that.
wow MRO is hott
Should have went long MRO when I made the post. It was at $77. XOM could buy MRO
What are your thoughts on Chesapeake since they've issued more shares into the market?
I had been bullish on CHK, even in a low spot in natural gas futures, but when they issued shares in part to pay off debt, I turned the tables.
Still like CHK?
Nice post, Grant.
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