RE: Old economyYes market sentiment is bad now for energy stocks but they have nowhere to go but up from here. This is a joke how cheap CNQ HTR and AXL are trading at now. These stocks are trading with E/S < P/E ratios. You have to figure they will hit a P/E of at least 10 and they will continue to grow at a greater pace. They have so much cash they do not know what to do with it. SInce gas stocks are so cheap they could just keep buying out companies to expand the operations.
Summer is coming and the energy crisis will get worse. Gas lines will not be built for at least 3 years to serve Calif . These stocks are no brainers and all have minimal down risk. Even CNQ dropping 5.00 is only a 10% drop. CNQ has the potential to move up 50%-100% in the next year.
Quarter results come out on Wed next week. I am expecting at least $4.00/share cash flow for the quarter. Reults will be great , Hunters results were also stellar.