you may just conclude that our energy situation appears to be far more precarious than you'd previously thought.I prefer ConocoPhillips and ChevronTexaco over ExxonMobil just because they are cheaper. For the same reason I prefer Halliburton over Schlumberger. Of course Transocean is my favorite: indeed Transocean is the deepwater drilling king. Merger with GlobalSantaFe approved today.
As a result, I've repeatedly urged my Foolish friends to make certain that their portfolios contain a reasonable blend of energy names. I don't think you need to get too fancy here, perhaps beginning with the two big enchiladas in the production and oilfield service sectors, ExxonMobil (NYSE: XOM) and Schlumberger (NYSE: SLB). Beyond that, it might make sense to fill in with other solid names in the sector, such as natural gas growth story and Motley Fool Inside Value recommendation Chesapeake (NYSE: CHK) or deepwater drilling king Transocean (NYSE: RIG).
Thursday, September 20, 2007
Keep It Simple
Getting Crude in All the Wrong Places