Trust Issues? Not With These 4 Energy Stocks
Energy stock plays can be a bit tricky. With all of the evolving technology and methods of production, there are many choices, but in which direction do you choose? There has been negative press about fracking, and mixed emotions about offshore drilling following the Gulf spill. So what is an investor to do? Y Charts suggests that investors stick to the major energy companies, let’s see which companies they suggest.
"PetroChina Co. (PTR) A big part of the IEA’s optimism for natural gas comes from China’s fast-growing demand for fuel. With its desire to clean up air pollution, China could consume as much natural gas as the entire European Union by 2035, according to the report. If that happens, PetroChina, the largest oil and gas producer in the country, will be a huge benefactor. It’s the largest oil and gas producer in the country. Its revenues are already skyrocketing.
ENI (E) While there’s little in Italy’s economy now to signal rampant energy usage growth, Rome-based ENI is a huge oil and gas company operating in about 70 countries. Recent losses in Libya have kicked down its share price to below 10 times earnings. And while waiting for those natural gas revenues to pick up, shareholders collect a very nice dividend."
Read the entire article here: http://turnkeyoil.com/2011/06/20/trust-issues-not-with-these-4-energy-stocks/