Practically any E&P company, unless you believe oil is going back to $20.
1. CHK
2. HK
3. CLR
1. CHK
2. HK
3. CLR
Your Top 3 Cheapest Equities
- Thread starter Daal
- Start date
while ECA DE AND BNI remain top picks but if you want to play India and mddleeast infrastructure plays RS MT --others prolly know more in infrastructure sector(if you do please post)seem very attractive at these levels. Will buy the day market sells off less than 5% 
( that seems like a novelty these days)
( that seems like a novelty these days)PTEN is an interesting play down here.
Nearly 5% dividend yield and NO DEBT. If nat-gas drilling day rates come under pressure from a cut in E&P capital drilling budgets, they will simply stack rigs.
LLL has cash flow north of $1.1 Billion and is back to the July lows before a 20 point rally up to $106. A superbly managed company. electronics defense. Not a "prime" contractor. Owned it since 1998.
Stay away from leverage in this environment. It's killing not only people, but companies!
Nearly 5% dividend yield and NO DEBT. If nat-gas drilling day rates come under pressure from a cut in E&P capital drilling budgets, they will simply stack rigs.
LLL has cash flow north of $1.1 Billion and is back to the July lows before a 20 point rally up to $106. A superbly managed company. electronics defense. Not a "prime" contractor. Owned it since 1998.
Stay away from leverage in this environment. It's killing not only people, but companies!
yeah this is a nice one it is a such a fkin laggard that even if u miss a huge upday in oil and oil producer stocks this one will not move as much or as fast as others so you have plenty of time to get in and same goes for downside it takes a while for this stock to turnaround and go back down.
TGA
price = $2/share
book value = $2/share
This is an oil company that got clobbered recently because they had most of their oil hedged for the next 6 months at "only" 80 dollars a share. Forward P/E is stupidly low. They also have multiple exploration sites, and if one of them turns up something, they get to print more money. (Must be nice to be in the oil business huh.)
price = $2/share
book value = $2/share
This is an oil company that got clobbered recently because they had most of their oil hedged for the next 6 months at "only" 80 dollars a share. Forward P/E is stupidly low. They also have multiple exploration sites, and if one of them turns up something, they get to print more money. (Must be nice to be in the oil business huh.)
CHK has 54% debt to cap ratio, which is high for larger cap E&P names, but very manageable. Earliest LT debt is not due until 2013. It has roughly 2.5 the total debt and debt/cap of APA or DVN.
CHK is heavily hedged at much higher prices, so it can handle more leverage than unhedged companies. It's cash flow is far less sensitive to decline in oil/gas prices. It is also growing cash flow at close to double what APA or DVN can do.
Most of CHK properties are in continental US. APA and DVN are global players, adding an element of risk.
I think all three are good choices for someone with the ability to ride the market out. They have assets in the ground that are highly likely to increase in value.