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COMMENT
Natural gas is still reasonable value. If it is a mild or temperate summer, then gas demands will be low.
oil / gas
BUY
A good company. Management is focused on realising value. Have increased the dividend. If the tax rules do not change, they have indicated they will convert to a trust. If they do, there is another 10% upside at least.
investment companies / funds
DON'T BUY
Had 14 years in a row of increased sales and increased earnings and earnings per share. In 2005 they had a decrease in the earnings. No longer a growth company. More reasonably valued now but wouldn't buy it. Competition will grow.
food stores
DON'T BUY
A higher risk stock. What they have is in North Africa and the mid East. They have gas which is not behind a pipeline so they can’t move it out. They need liquid natural gas plants. A long-term higher risk story.
oil / gas
BUY
Good company. Solid yield. Have some growth prospects from expanding nuclear plants that they own. Interest sensitive, so has been sold off in the last little while.
oil / gas pipelines
BUY
Broadly diversified. Excellent balance sheet. A solid company which will be driven by the price of oil.
integrated oils
BUY
A long-term story. Giving their balance sheet into a point where they are going to have to make a dramatic increase in the distributions by the end of the year.
oil / gas