Australian (ASX) Stock Market Forum

Oil Stocks

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If you go to the ASX site and type in 'oil' under description/keyword in the company info page you'll get most of the oil stocks. I'm sure there's a list somewher on that site too- try the GICS industry sectors via Standard and Poor- not sure if they have one for just oil.
 
Hey richkid

I too am looking for that oil companies list but the ASX website has changed since the last post on this thread.

Do you or anyone know where/how to find it?
 
Cooper energy had a positive write up in BRW went from 49 cents to 54 cents the week the magazine came out. now around 51 cents, they value them at 59 cents and compare it to a beach petroleem...

worth researching possibly.

ODY also have risen a fair bit since their float.

AED have released there annual report.


ELK petroleum were 90 cents earlier this year now 25 cents...

they are a few i know of...
 
I recon BPT is also one of the best oil stocks with profit increasing over 5 times last years and a current EPS of 5.3 which makes the current share price look cheap.
 
champ2003 said:
I recon BPT is also one of the best oil stocks with profit increasing over 5 times last years and a current EPS of 5.3 which makes the current share price look cheap.
Click to expand...

I correct myself in saying that BPT actually has a PE of 5.3 which is why it looks so cheap
 
The answer to that question would be a big NO!

That report only talks about mild weather relating to a mere 6 day period. Hardly anything to say dump oil stocks over. It also discusses how the colder period is simply being delayed a little and should kick in at full force in December when the demand for heating oil peaks.

The oil price will stay range bound between 55-63 until the cold weather sets in and to be honest it would be perfectly good for the price of oil to stay at those levels until at least the end of Feb/March as that is a great price for global growth/low inflation/stable interst rates and therefore a stable stock market. This price doesn't include and major attacks/wars/sanctions on Iran etc which would absolutely shoot the price upwards so you have to factor all of this into the equation also.

Oil will remain to be a rocky road but in my opinion and many others globally no it's not going to plummet any time soon.
 
Good article champ2003. I tend to agree with alot it said especially that the price of oil will continue to increase in the long term. With the stability that has entered the oil market in the last month or so i think it could be an ideal time to invest in stocks that would benefit from higher oil prices before they ramp up again.
 
:)

Hi folks,

It will be shorter odds, than Pop Rock
in the Melbourne Cup, today .....

..... a cold snap in NYC is all that it will take to lift
heating oil prices and gas prices, again.

Figuring, that the last negative news for oil will be
around 24-29112006, then we can look for a rally
into the end of December 2006.

First half of January 2007 may see oil flat-to-down,
then rally from around 18012007-to-09022007 ...???

More later ..... :)

happy trading

yogi

P.S. ..... we will be alert for a BIG rally in oil,
around 29102007.

:)

=====
 

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