Tuesday, December 05, 2006

Drilling For Value

Energy stocks have held up well in 2006 despite volatile crude oil prices. If you are looking for energy exposure, the big integrated oil companies are the best way to play high oil prices. The big oil companies should outperform the drillers. Just using EV/EBITDA multiples the big oil companies are cheap.

Name, EV/EBITDA, Price/Sales
ConocoPhillips (COP), 3.8, 0.62
Chevron (CVX), 3.9, 0.79
Petroleo Brasileiro (PBR), 4.8, 1.51
ExxonMobil (XOM), 5.3, 1.30
BP (BP), 5.7, 0.84
Petro China (PTR), 6.6, 2.92


Anonymous Anonymous said...

Big Ben,
I have another great way for you to get your blogs heard and increase the traffic to your site. I am the co-founder of FeedTheBull. We are a user driven, social content website for everything related to the stock market. My site allows individuals to submit articles and blogs to my site and allow them to comment on them. They always give a link back to the original article for the rest of the community to read the full article. It is a way to congregate financial news and give the readers a voice. As well, the community can vote on the articles that are submitted, the ones getting the most votes gets promoted to the front page and read more. This will help bring traffic to your site as well. Please check it out, and if you like I can give you a link to place under each article for people to directly submit it to FeedTheBull.

12/07/2006 6:53 PM  

Post a Comment

<< Home