My oil stock indicator will flash a buy on the close today (its now 1:50 PM EST). In the past four years, the XLE gained 2.7% over the next two weeks after a buy signal, which is above the 1.0% average return - a 1.7% above average return!
The Buyback Letter (by David Fried) has a few oil stocks in its portfolio:
* Valero (VLO)
* Marathon (MRO)
* Nabors (NBR)
* Exxon (XOM)
* Royal Dutch Shell (RDSA)
* Sunoco (SUN)
McDep says Chevron(CVX) and Conoco(COP) are good values, as are the two giant Russian companies Gazprom and Lukoil.
I'll go with recently underperforming MRO.
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