Dicker: Hot, Hot Energy Stocks -- Is There Any Value Left Anywhere?
NEW YORK (TheStreet) -- I was talking with Action Alerts Plus co-portfolio manager Stephanie Link about energy exploration and production companies in light of recently posted first-quarter earnings.
While it is clear to both of us that most of the earnings reports were impressive, we also both agree that much of the potential gains in many of these shale play exploration and production (E+P)companies have already been booked. Both of us have been trying to look elsewhere in the energy patch to initiate positions.
One place Stephanie sees value is in Marathon Oil
I've been trying to concentrate on more core holdings in US E+Ps, believing there could be a downdraft coming in this red-hot sector, but also willing to risk that to capture very long-term potential gains.
One of those opportunities I see is in Devon Energy
Another continuing opportunity I see is in Noble Energy
I compare more notes with Stephanie about the oil patch in the video above.
At the time of publication the author had positions in NBL, DVN and HK. Action Alerts PLUS has a position in MRO.
This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.
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