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Many energy stocks trade "near liquidation value," and the group is valued at "trough" levels,...
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Monday, August 6, 2012, 11:27 AM ETMany energy stocks trade "near liquidation value," and the group is valued at "trough" levels, some analysts say, as the price ratio of energy stocks relative to the S&P 500 is near lows reached at the 2009 market bottom and in 2010-11. Among favorites: CVX, XOM, RDS.A, APA, APC, HES, HAL, SLB. Avoid gas-oriented issues such as CHK, SWN, ECA.
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I'm still 7.3% underwater with HAL.
It seemed like a good idea at the time.
The pipeline will be built, we will get Canadian crude, and SU will stand to benefit... long SU, and short Obama.