Energy Stocks: Buy Something

Because nothing has happened to change our long-term fundamental outlook from three weeks ago when the median buy recommendation was priced ten percent higher, it looks to us like a good time to make a new investment.

For some timely ideas, we encourage interest in three stocks that dropped the most in price in their operating company groups. They include mega cap Total (TOT), down 12%; large cap producer/refiner Statoil (STO), 16%; and large cap producer Occidental (OXY), 12%.

The stocks are among 25 buy ideas in the illustrative McDep Energy Portfolio (see below Composite of Buy Recommendations). Commodity price trends continue up with current quotes for six-year oil and natural gas above their 40-week averages of $67.50 a barrel and $7.90 a million Btu (see table below Six-Year and One-Year Natural Gas and Oil Futures).

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McDep Energy Portfolio
Composite of Buy Recommendations

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Originally published on August 7, 2007.