WSJ had Norway item on Heard on the Street page yesterday. Norway is oil rich from the North Sea. Rising oil prices should be rewarding for them. Another way to play oil.
ENOR came up on my radar last month. Looks attractive. PE 17; NAV 37. How high can it go? Bought more yesterday.
If you are going to buy western Oil, why not buy American?
What do you recommend? When I plot 90 day gain on Yahoo Finance–
ENOR 28.27% Still gaining. Has momentum
XOM 23.42. Peaked Apr 1. Lost momentum
CSV 9.68
XLE 23.46. 70% Exxon. Some say its a joke.
Charts say ENOR is the one to buy now.
I am not going to follow charts here. I need to do some work but I am looking at LPG names. Given the amount of capacity taken out and countries like India are going to diversify away from Gulf, US companies can pick up some share.