Avoid These Energy Stocks If the Economy Takes a Turn for the Worst
The media has been telling us that the recession has ended, and we are now moving upward to bigger and better things. Despite this hopeful outlook, we have yet to see any major changes in the economic status of our country. Why not prepare your portfolio if the economy takes another down turn. You can never be too prepared, and Parsimony Investment Research believe that these are the energy stocks to steer clear of if this occurs.
Anadarko Petroleum Corporation (APC) engages in the exploration and production of oil and gas properties primarily in the United States, the deepwater of the Gulf of Mexico, and Algeria. It markets natural gas, crude oil, condensate, and oil and natural gas liquids (NGLs), as well as owns and operates natural-gas gathering, processing, treating, and transportation systems.
Baker Hughes Incorporated (BHI) supplies wellbore related products, and technology services and systems for drilling, formation evaluation, completion and production, and reservoir technology and consulting to the oil and natural gas industry worldwide. It also provides products and services to the downstream refining, and process and pipeline industries.
Cabot Oil & Gas Corporation (COG) operates as an independent oil and gas company in the United States. The company engages in the development, exploitation, exploration, production, and marketing of natural gas, crude oil, and natural gas liquids. It holds reserves in north region comprising Appalachian and Rocky Mountains areas; and south region consisting of Anadarko basin with Texas and Louisiana areas. The company also transports, stores, gathers, and purchases natural gas for resale.
Halliburton Company (HAL) provides various products and services to the energy industry for the exploration, development, and production of oil and natural gas worldwide. It operates in two segments, completion and production, and drilling and evaluation.
Helmerich & Payne, Inc. (HP) engages in the contract drilling of oil and gas wells in the United States and internationally. The company provides drilling rigs, equipment, personnel, and camps on a contract basis to explore for and develop oil and gas from onshore areas and from fixed platforms, tension-leg platforms, and spars in offshore areas.
National Oilwell Varco, Inc. (NOV) designs, constructs, manufactures, and sells systems, components, and products used in oil and gas drilling and production; provides oilfield services and supplies; and distributes products, and provides supply chain integration services to the upstream oil and gas industry worldwide.
Tesoro Corporation (TSO) engages in refining and marketing petroleum products. It operates in two segments, Refining and Retail. The Refining segment processes both heavy and light crude oils and produces primarily gasoline and gasoline blendstocks, jet fuel, diesel fuel, and heavy fuel oils.
I hope, like everyone else, that the economy continues its upward momentum. However, why not protect your portfolio and be ready to make changes where necessary. This is some great information in preparation for a bump in the road. If you own shares in one of these stocks, take a close look at these picks, and possibly come up with back up plan.
Quotes taken from report by Parsimony Investment Research, Read the entire article here.
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