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Excellent Stocks When (If) Oil Hits $150

by: Thomas Smicklas June 08, 2008 | about stocks: ADM / APD / BG / BPO / CBI / CNX / COP / CPX / CTSH / DNR / EAC / FLR / FSLR / ICE / NE / PTEN / PXP / TJX / VQ / WDR / WLL    

Thomas Smicklas

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I had been musing over some stock picks if oil rose to around the $150.00/barrel mark. Credit Suisse First Boston very recently distributed a thorough analysis of precisely this idea. I defer to their expertise. CSFB also has a superb Alternative Energy stable of analysts worldwide. I believe that they are on top of the energy scenario from a multitude of perspectives.

Here are their selections:

  • Complete Production Services (CPX)
  • Patterson-UTI Energy (PTEN)
  • Noble Energy (NE)
  • Conoco-Phillips (COP)
  • Denbury Resources (DNR)
  • Plains Exploration and Production (PXP)
  • Venoco, Inc. (VQ)
  • Encore Acquisition (EAC)
  • Whiting Petroleum (WLL)
  • First Solar (FSLR)
  • Consol Energy (CNX)
  • Air Products (APD)
  • Fluor (FLR)
  • Chicago Bridge and Iron (CBI)
  • Archer Daniels Midland (ADM)
  • Bunge (BG)
  • TJX (TJX)
  • Waddell and Reed (WDR)
  • Brookfield Properties (BPO)
  • Intercontinental Exchange (ICE)
  • Cognizant (CTSH)

This list is a start. Do appropriate research and see what fits into your portfolio.

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This article has 10 comments:

  •  
    Jun 08 09:08 AM
    Here are some excellent stocks worth considering, whether oil hits $150 or not -- Patriot Coal (PCX), Alpha Naturl (ANR), Chemical & Mining (SQM), Massey Energy (MEE), Olympic Steel (ZEUS), Fording CdnTst (FDG), Int'l Coal Grp (ICO), Gerdau SA ADR (GGB), US Steel (X), W-H Energy Svcs (WHQ). Check our website for more info.
    Reply
  •  
    Jun 08 11:37 AM
    Uranium producers and juniors--Uranium Resources (URRE) and Bayswater. Natural gas producers, for sure. And oil and gas juniors--Kodiak Oil and Gas, Dune, Dejour. I own these plus CNX, CXG, Pele Mountain (uranium).
    Reply
  •  
    Jun 08 05:10 PM
    What's the reasoning to have Brookfield Properties on the list if oil hits $150. It a real estate company. Please explain. The co's listed are a no-brainer. i dont need some nerd at csfb telling me that.
    Reply
  •  
    Jun 08 08:21 PM
    WDR is an investment management company. Why should they be there?
    Reply
  •  
    Jun 08 09:18 PM
    Brookfield has a large chunk of its real estate in the Houston and Calgary areas. WDR' s asset strategy is heavy into energy and materials.

    Obtuse, but that's one reason CSFB is very good in this sector.
    Reply
  •  
    Jun 09 03:40 PM
    I don't find this info to be useful, since there is NO rationale for how these companies were selected or why. It's just a list, nothing more! It has no context nor meaning to me.
    Reply
  •  
    Jun 09 06:36 PM
    Unfortunately, very few wall street firms have any credibility at all in the energy sector, and CSFB is not one of them. Their list includes some attractive companies, but it's hardly valuable information. If one really is interested in the sector, I would suggest following BMO strategist Don Coxe and McDep Associates' Kurt Wulff. These guys were making specific recommendations and pounding the table on the sector when everyone else thought oil was going back to $30.
    Reply
  •  
    Jun 09 09:36 PM
    sbenard, I agree with you. Analysts should restrict their commentary to thoughtful analysis instead of a list of names. I suspect that the list is merely companies that came close to their estimates the week before earnings are reported. To often lists are published so that maybe they can get 1 out of x correct.
    Reply
  •  
    Jun 11 07:13 PM
    This is a funny list. Why would they be good at $150 and not $140 or $135. There's no reasoning what-so-ever. What a joke.
    Reply
  •  
    Jul 03 01:08 AM
    I did not recall any gold stocks. Current trends are up oil, up gold and at 949, I see another 25 run up coming if oil continues to ascend. That is unless ICE works with gold.
    Reply
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