Grease up your Portfolio (John Mugarian's Dynamic Growth)

Grease up your Portfolio

If we get another pullback in our favorite oil stocks, you will be able to pick up some bargains at or below our buy targets. i am not worried at all about the magnitude of today's selling. It looks like the big boys are trying to scare us away from their favorite game.

Fine. Let them continue. No one can convince us that the longer term demand in oil is going to change. Once again, here are our favorite oil plays.

Marathon (MRO)- $70 or less.
Conoco (COP)- $60 or less.
Sunoco (SUN)- $85 or less.
Valero (VLO)- $57 or less
Exxon (XOM)- $59 or less.

I am adding Valero (VLO), and Sunoco (SUN) to the IA portfolio at today's closing price since they reached our buy targets.

Posted by John Mugarian on February 7, 2006 4:31 PM | Permalink

Disclaimer—This is for informational purposes only and is in no way a solicitation or an offer to sell securities. I am a registered investment advisor, but only provide solicited advice to clients of our firm in states where we are registered or where an exemption or exclusion from such registration exists. nothing on this website should be interpreted to state or imply that past results are any indication of future performance. carefully assess your own risk tolerance and goals before investing.

Comments (1)

RC:

What do you think of NG plays? I like CHK, and the insider buying has been tremendous.

Posted by RC | February 7, 2006 5:31 PM

Posted on February 7, 2006 17:31

Grease up your Portfolio

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