His choice in the energy sector is not owning oil companies outright, but to have the infrastructure play behind it. Most of their assets are European or middle east.
A French engineering firm that build natural gas processing plants off shore oilrigs. You get similar performance as with oil/gas stocks but with half the risk. Seize more of a shortage in natural gas in the future. 2% dividend yield. Mostly in the middle east.
(A Top Pick Aug 17/06. Up 15.9%.) Engineering company that makes offshore oil rigs, liquefied natural gas plants and pipelines, mostly in Europe and the middle east. 2.25% dividend. Still buying.
French engineering firm. Recent numbers were very strong. Doing a special dividend. Very well poised to benefit from the huge capital expenditures of the oil/gas industry.
Infrastructure in the oil energy services business. Make offshore oilrigs, pipelines, bio-diesel fuel plants, LNG in Europe and the Middle East. Good dividend growth. Very good entry point.