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BUY
This has hedged 47% of its production at $10 or more. Very clean balance sheet. Huge land base.
oil / gas
BUY
Gas weighted. They have some of the best metrics in the business. Getting 57 BOE’s per well versus 27 industry average. Good production, good balance sheet. Relatively low payout ratio.
oil / gas
BUY
All the drillers have probably been the most severely impacted with natural gas prices backing down. They are also the most levered to the price of natural gas going up which is very likely.
oil / gas
BUY
Had a good run, but he would still recommend it. Still inexpensive relative to its larger cap peer names. Very important to note that it has very strong production visibility for this year, next year and through 2010 and 2012. International.
integrated oils
TOP PICK
Benchmark name in natural gas. Relatively inexpensive because it dropped when natural gas prices dropped. Low natural gas price is not sustainable. Huge reserve life.
oil / gas
HOLD
Has a great suite of refineries. You are coming into the summer driving season and the hurricane season. Cheap on a cash flow metric. One of the few pure plays you can get into. Very valued now.
integrated oils