Stock Focus: Nabors (NBR)
Posted on May 8, 2008 - Filed Under Stocks | Leave a Comment
While the price of oil has skyrocketed over the last year, natural gas has not seen such a dramatic growth. That means that there are still opportunities for investors looking to get into energy stocks. One such stock is Nabors (NBR)
Nabors Industries, Ltd. is the largest U.S. land drilling contractor. It conducts oil, gas, and geothermal land drilling operations in the United States, Alaska, Canada, South America, Mexico, the Caribbean, the Middle East, the Far East, Russia, and Africa. As of December 31, 2007, its fleet of rigs consisted of approximately 535 land drilling rigs, approximately 564 domestic and 173 international land workover and well-servicing rigs, 35 offshore platform rigs, 12 jack-up units, and 4 barge rigs, as well as various trucks and fluid hauling vehicles.
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Stock Focus: ConocoPhillips (COP)
Posted on May 7, 2008 - Filed Under Stocks | Leave a Comment
While the price of oil has skyrocketed over the last year, natural gas has not seen such a dramatic growth. That means that there are still opportunities for investors looking to get into energy stocks. One such stock is ConocoPhillips.
ConocoPhillips trades around $84 a share which is only about 7 or 8 times 2008 estimated earnings. Among the super-major energy companies, Conoco has the lowest P/E and is the best U.S. natural gas play due to its acquisition of Burlington Resources.
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Stock Focus: Petrobras (PBR) Update
Posted on May 6, 2008 - Filed Under Stocks | Leave a Comment
Back in January we wrote about Petrobras (PBR) which is Brazil’s largest oil company. The in oil prices has helped propel Petrobras upwards, and the stock has doubled since labor day. It is up about 25% since we recommended it!
What is intriguing to many investors is that Petrobras has two class of stock, the main PBR stock as well as a class A (PBR-A). The only difference between the two classes is that the A shares have no voting rights.
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