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COPYRIGHT 2006 Hart Publications, Inc.
Look for E&P and oil-service stocks to once again beat the broad market in 2006 as commodity prices and energy-sector profitability remain robust. Accordingly, be long and overweight these stocks this year So advises the energy team at Pickering Energy Partners Inc., a Houston-based energy-research firm focused on institutional clients.
Based on projected $60 oil and $9.50 gas for 2006, E&P stocks should move up between 15% and 25% in value, predicts Dan Picketing, president. "While a 6% year-over-year rise in commodity prices cannot offset a 15% to 30% increase in costs, E&P companies will still be...
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