You Dont' Have to be Cheap to Like a Cheap Energy Stock
Not sure if you really want to invest in energy? Or maybe you want to buy more energy stock, but don’t want to dive into an $80 stock. Whatever your situation, if you are looking for a good deal on an energy stock, these stocks are it. According to Rougemont, these stocks are cheap, and have are expecting solid gains.
" Syntroleum Corp. is trading for $1.35. Syntroleum develops and markets synthetic fuels. This includes diesel fuels, heating oil, aviation fuels, lubricants, naphtha, etc., and they have ability to process a range of feedstock, including vegetable oils, fats, fatty acids, and greases into synthetic distillate fuels, such as diesel fuel, heating oil, jet fuel, naphtha, and propane. Syntroleum has a joint venture with Tyson Foods, Inc. (TSN) and operates a huge biofuels plant. This plant, which opened just late last year, has the ability to turn animal fats into renewable diesel with a capacity of about 75 million gallons.
ATP Oil and Gas Corp. is trading at $15.42. ATPG is an independent oil and gas company based in Texas. These shares have traded in a range between $8.85 to $21.40 in the last 52 weeks. The 50-day moving average is $16.48 and the 200-day moving average is $16.51. Analysts are expecting substantial growth from this company and see revenues jumping from about $762 million this year to about $1 billion next year.The earnings estimates are for a loss of $1.38 per share in 2011, but analysts see profits of $1.86 per share for 2012. If ATPG achieves that level of profitability, these shares could jump to $30 in 2012.
ENI SPA (E) is trading around $45.42. ENI is a major integrated oil and gas company based in Italy. These shares have traded in a range between $35.10 to $50.30 in the last 52 weeks. The 50-day moving average is $48.59 and the 200-day moving average is $43.58. E is estimated to earn about $5.32 per share in 2011 and $6.06 for 2012."
Find additional stock picks here: http://turnkeyoil.com/2011/07/29/you-dont-have-to-be-cheap-to-like-a-cheap-energy-stock/