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I am looking for energy stocks to buy for the long term. Any suggestions?

Posted on 12/18/15 at 9:16 am
Posted by WGB2004
Northern LA
Member since Oct 2009
172 posts
Posted on 12/18/15 at 9:16 am
I am looking for companies with strong financials that can make it through the hard times that are upon us. Any insight would be greatly appreciated.
Posted by LSUTigersVCURams
Member since Jul 2014
21940 posts
Posted on 12/18/15 at 9:41 am to
XOM
BP
PSX
COP
CVX

And if you want a spec, CPE

This post was edited on 12/18/15 at 9:42 am
Posted by LSUGUMBO
Shreveport, LA
Member since Sep 2005
8486 posts
Posted on 12/18/15 at 9:42 am to
I still like SDRL. They have the newest fleet of drill ships in the GOM and I read an article not long ago that said they have enough cash to "float" for 2 years. The stock has gotten absolutely hammered the past year or so, but at $3.75, I think it's a long term value.
Posted by raw dog
Baton Rouge
Member since Nov 2011
483 posts
Posted on 12/18/15 at 9:42 am to
One of those is not like the other.
Posted by LSUTigersVCURams
Member since Jul 2014
21940 posts
Posted on 12/18/15 at 9:45 am to
you mean PSX as a pure play refiner?
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80754 posts
Posted on 12/18/15 at 9:46 am to
XOM and RDS-B are my two favorite right now
Posted by Grits N Shrimp
Kansas City, MO
Member since Dec 2014
646 posts
Posted on 12/18/15 at 10:45 am to
quote:

XOM and RDS-B


I hold these.
Posted by iron banks
Destrehan
Member since Jul 2014
3735 posts
Posted on 12/18/15 at 11:25 am to
Don't buy pgn ask me how I know
Posted by jeepfreak
Back in the BR
Member since Oct 2003
19433 posts
Posted on 12/18/15 at 2:35 pm to
XOM
DOW
GE
SDRL
Posted by LSUTigersVCURams
Member since Jul 2014
21940 posts
Posted on 12/18/15 at 3:40 pm to
I might wait until this merger deal with DD either happens or gets shut down by the feds before I bought any DOW.
Posted by darnol91
Member since Jun 2015
749 posts
Posted on 12/19/15 at 9:24 am to
Its not purely an energy company, but Check out BHP. Super undervalued right now.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 12/19/15 at 11:05 am to
RES
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 12/19/15 at 3:59 pm to
Right now, xom...everyone else has serious issues.
Posted by Grits N Shrimp
Kansas City, MO
Member since Dec 2014
646 posts
Posted on 12/19/15 at 6:01 pm to
Why SDRL? Debt is going to weigh heavily on them in 16
Posted by notiger1997
Metairie
Member since May 2009
58088 posts
Posted on 12/19/15 at 6:23 pm to
Assuming you like Exxon because they have so much cash. What serious issue would you think Shell has?
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 12/20/15 at 5:28 pm to
They're a mess domestically, they lost the Arctic program and they just swallowed $60B of gas production.
Posted by tigerbaiter1033
USA
Member since Nov 2011
2305 posts
Posted on 12/20/15 at 7:53 pm to
CXO
Posted by JRish
Atlanta
Member since Feb 2009
2494 posts
Posted on 12/21/15 at 2:45 pm to
quote:

Why SDRL? Debt is going to weigh heavily on them in 16


Anyone with thoughts on this, I'd love to hear. The market seems to think they aren't going to survive this.

I read an article in Barron's that was very skeptical about offshore drilling's future. I read a COP vice president saying they got out of that business because it takes about $75 a barrel to earn a profit, once you count in permitting and failed wells.

Genuinely curious of what others think on this.
Posted by Bayou Tiger
Member since Nov 2003
3657 posts
Posted on 12/21/15 at 3:31 pm to
EOG is starting to look good to me again. The stock is just over $70 right now, and my limit order would trigger at $69. Earlier this year I rode it up from 69.82 to 86.95 before selling.

On a relative basis among the shale players, EOG has good acreage, balance sheet, and corporate culture (efficient and engaged). I don't know what their stock price will be in 6 months, but I expect them to survive the downturn and have a much higher stock price when oil prices turn around. I'm planning to buy and hold unless the stock price shoot up oddly again.
Posted by Omada
Member since Jun 2015
695 posts
Posted on 12/21/15 at 6:16 pm to
If you can wait a few months, a lot of reserves are going to disappear off of the balance sheets of oil companies in the US since they can't be profitably produced. At that point, you'll know which ones have good real book value. Plus, you can compare the new stated reserves and compare them to the reserves stated a year ago. That information will be very valuable for a number of reasons.
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