Pessimistic Optimist

7 Ways to Profit from Asphalt and Highway Construction

I was thinking on terms of CAT also and even FLR as being a pin action infrastructure play. They have strong balance sheets and undoable contractual aggrements. CAT is effected to market slowdown with contracts on hold. FLR is still taking on BB contracts which are no default gaurantees. They are extremely diversified with capabilities to work roads, electrical grid, windtower nuclear, anything iron or concrete. They are a true alternative energy build out corporation affixed to a supreme infrastructure developer. I also believe they are both tied to and will move exponentially with oil and other commodity stocks.
Disclaimer: I am long COP, BP, CAT and FLR.

Four Oil Giants to Keep an Eye on - Barron's

With long terrm fundies intact and a debt to cap. ratio or 19% I am long COP. projected earnings alone are for 10X forward, with a loss of EPS almost 5.50 which is figured into pricing. That alone is 7 dollars off 52 week low and SP rates a strong buy??? And their divvy is sitting at $.55. This is going to simmer but it will do so in an upward move over a longer timeframe. I am confidant we will see positive gains possibly sooner as mentioned by Contrarians.

BP on the other hand has a smaller hand to play with about 3.70 trimmed EPS for 09 and only 4.5X forward. They are 3 and some change off 52 week low. Inexpensive stocks, the both, compared to higher priced sector giants. The positive here is the Debt of only 14% and the $.81 dividend which appears to be safe for 09.
Needless to say, I am long here also.

The bottom line is taking these two for a ride is not going to be the most pleasant ride available in this market but for the the price, you will stay belted in with the dividend used as an SRS.