Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Bad Press Equals Good Profits $BP $CHK $HES

|Includes: BP p.l.c. (BP), CHK, HES

Large well known companies no matter what the media says about them are in that position for a reason. Negative press can be useful for profiting if done right when you look at one of these companies share price dip on bad press alone and not because something in the company has changed. That is why they are the ones to watch when they end up on the national news.

If you are looking to get into the oil & gas sector, now is a great time to do so. Speculation over a macroeconomic double dip has largely died down while the prospects of entering a full recovery have yet to be appreciated. With greater industrial activity comes rising energy demand. I recommend betting on the overly beaten down stocks that are just as likely as the majors to profit off of this rising demand. I also recommend looking at stocks that will be selling off assets to secure stronger balance sheets.

It's no secret that the media likes to pick on Chesapeake and BP. With all of the talk about hidden hedge funds, devastating oil spills, and conflict of interests, you may have forgotten that both of these companies actually have really, really good fundamentals.

For one, Chesapeake sits on leading natural gas plays. Unlike the largest natural gas producer (Exxon), Chesapeake is more leveraged towards the energy resource as a percent of business. The market has been overly negative about the prospects of cold weather, while failing to consider that rig effectiveness has gone up. Chesapeake is boosting its infrastructure to capitalize on improving margins and pricing.

Read Full Article Here:

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.