Forbes: Oil Stocks? Still?
Posted 8 June 2005
By Richard C. Morais,
No, it’s not too late. In fact, there are some that are truly undervalued. Forget price/earnings ratios and book values. Look at the value of their reserves.
Dadgummit. Missed buying oil stocks when West Texas Intermediate traded at $30 a barrel 18 months ago, but high oil and gas prices are here to stay for a while. Oil is one of the few industries that is reliably going to gush cash. If that rant approximates your frustrations at having missed a buying opportunity in the run-up to this energy bull market, don’t despair. There’s still a way to get in.