10/25/14: Time to Nab Some Bargains

By Igor Greenwald • October 25, 2014

The Energy Strategist has upgraded its revised list of 15 Best Buys and eight other prior recommendations from Hold to Buy to take advantage of the recent discounting and extremely bearish sentiment. But further declines are possible in the near term, so make your purchases in installments over time. For more information, see the latest issue.

Portfolio Action Summary

National Oilwell Varco (NYSE: NOV) upgraded to Buy below $82
Energy Transfer Partners (NYSE: ETP) upgraded to Buy below $70
Schlumberger (NYSE: SLB) upgraded to Buy below $107
EOG (NYSE: EOG) upgraded to Buy below $100
ConocoPhillips (NYSE: COP) upgraded to Buy below $78
Energy Transfer Equity (NYSE: ETE) upgraded to Buy below $66
Enterprise Products Partners (NYSE: EPD) upgraded to Buy below $42.50
Devon Energy (NYSE: DVN) upgraded to Buy below $70
EQT (NYSE: EQT) upgraded to Buy below $99
Jones Energy (NYSE: JONE) upgraded to Buy below $16
Carrizo Oil & Gas (NASDAQ: CRZO) upgraded to Buy below $59
Oasis Petroleum (NYSE: OAS) upgraded to Buy below $38
Cabot Oil & Gas (NYSE: COG) upgraded to Buy below $35
SunEdison (NASDAQ: SUNE) upgraded to Buy below $21
First Solar (NASDAQ: FSLR) upgraded to Buy below $65
Targa Resources (NYSE: TRGP) upgraded to Buy below $140
AmeriGas Partners (NYSE: APU) upgraded to Buy below $51
Chesapeake Energy (NYSE: CHK) upgraded to Buy below $26
Whiting Petroleum (NYSE: WLL) upgraded to Buy below $70
Penn Virginia (NYSE: PVA) upgraded to Buy below $9.50
Emerald Oil (NYSE: EOX) upgraded to Buy below $4.50
Gastar Exploration (NYSE: GST) upgraded to Buy below $4.75
Rex Energy (NASDAQ: REXX) upgraded to Buy below $11

Stock Talk

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Don D.

10/27/14 ‐ 11:10am ET October 27, 2014 at 11:10am ET

WOW I felt we had great buy points the end of last week this seems to have just put the complete E&P and Processors on buy. I feel there is some pressure yet but I agree and to put them away and the future will be bright. With all this Do you feel there will be how many, not approved, but truly built gas export terminals based on the significant cost?

Karl Eser

11/10/14 ‐ 7:00pm ET November 10, 2014 at 7:00pm ET

IGOR – I was wondering what your perspective is on SUNE now that earnings have been released. Now that it has pulled back I was thinking of taking a position because it doesn’t look as if the value proposition has really changed. I was wondering if you had any updated thoughts?
Karl

Igor Greenwald

11/18/14 ‐ 1:47pm ET November 18, 2014 at 1:47pm ET

I’m sorry I didn’t have a chance to address this sooner given the earnings crush, but we did keep it as a Best Buy into today’s surge of the big wind power acquisition. It’s still just below our Buy target and we’ll be reviewing that once I get the chance to dig into the fine print of the new deal. I continue to see long-term value here.

11/18/14 ‐ 1:54pm ET November 18, 2014 at 1:54pm ET

IGOR – thanks. I tought you might be busy. I will look forward to your future comments.

Karl

11/18/14 ‐ 2:00pm ET November 18, 2014 at 2:00pm ET

By the way, SUNE is now above you buy target now that it is up 27% today.

11/18/14 ‐ 2:05pm ET November 18, 2014 at 2:05pm ET

Thank you for your understanding. We’ll be reviewing the target, and I hope you decided to pull the trigger.

11/18/14 ‐ 2:22pm ET November 18, 2014 at 2:22pm ET

Not really. Now up 28.9%

11/18/14 ‐ 2:30pm ET November 18, 2014 at 2:30pm ET

The shorts are getting killed. As I’ve said we’ll be reviewing the target, but our initial one on this pick was $22 and we quickly raised that to $25 before volatility followed. I still think there’s more value there than that, obviously, and it’s nice that David Einhorn agrees.

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