zman’s Energy Brain

oil, gas, stocks, etc…

  • Blog Stats

    • 101,683 hits
  • Seeking Alpha Certified
  • Hello and Welcome - I’ve created this blog for the purpose of discussing energy related topics - primarily but not limited to oil and natural gas - and their potential impact on stocks, options, and futures. I am an amateur investor/trader and make no assurances about the opinions expressed on this blog. Please consult your financial advisor before buying, selling, borrowing, or otherwise risking capital based upon ideas taken from this site. Any advice construed from this website is worth what you paid me for it.
  • RSS Subscribe with a reader

  • Subscribe via RSS with

    Powered by FeedBurner

  • pfblogs.org logo

Domino #3 – B of A Runs Away

Posted by zmann on October 4, 2006

Ok, I’ll probably drop the domino titles soon (except for the announcements by the bulge bracket firms) but it’s fun to be right about these guys! Let’s see oil hitting record territory – reiterate BUY, pound table about how undervalued stocks are. Natural gas falls 60% from beginning of year, reiterate BUY, pound table harder. Oil falls 20%, downgrade group, feign ignorance of the concept of Buying LOW and Selling HiGH. Nice job guys. One word of caution is that there are probably one or two analysts out there who have seen themselve as bears and now see an opportunity to upgrade. If oil stabilized above $57.50, I’d look for a Group upgrade or two, probably close to October 20 (op-ex) so I plan to be out of all October contracts prior to that week.

This morning Banc of America cutting estimates, price targets, and ratings on numerous E&P stocks. So far I’ve seen CRK, THX, WLL, COG, TLM, APC, NBL which is only a fraction of their coverage list and all went from BUY to Neutral and suffered 10 to 20% price target reductions. Once again, this party’s just getting started.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: