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November 21, 2009
Energy Stocks: More Pain at the Pump
July 19, 2006MarketWatch
BOSTON -- Tobin Smith of Change Wave Research says investors need to be much more cautious now about energy stocks.
In a Personal MarketWatch interview with senior columnist Chuck Jaffe, Smith discussed identifying change within industries and businesses, then finding key stocks at attractive prices that are most likely to ride the wave. In most of his recommendations, Smith looked at stocks with clear potential, but only if their valuation was appealing.
"They're not all a buy," Smith said about the energy sector. "A year or two ago, you could throw a dart and buy whatever energy stock it hit. It's not that way any more."
Smith included Occidental Petroleum Corp., Ultra Petroleum Corp. and Globalsantafe Corp. among his buys, with Transocean Inc., Cano Petroleum Inc. and SunPower Corp. among the sells.
Click here to listen to the interview at MarketWatch.com
During the interview, Smith discussed the following energy and technology stocks, in order of appearance: Occidental Petroleum (OXY), Ultra Petroleum (UPL), Cano Petroleum (CFW), Globalsantafe (GSF), Transmeridian Exploration Inc. (TMY), Transocean (RIG), Todco (THE), Canadian National Resources (CNQ), Chesapeake Energy (CHK), Advantage Energy Fund (AAV), Canetic Resources (CNE), SunPower Corp. (SPWR), Evergreen Solar (ESLR), Akamai Technologies (AKAM), Viisage Technology (VISG), Applied Digital Solutions (ASDX), Orbital Sciences Corp. (ORB), and eResearchTechnology (ERES).
