I'm sure you've noticed that gasoline prices continue to climb
across the country. From
), prices are edging up once more - about 80 cents higher than
at this point in 2009. And after the shock of $4 a gallon gas in
the peak driving months of 2008, you may be part of the growing
American population that is cutting back spending in anticipation
of higher costs at the pump.
But experts say prices will stabilize soon and could possibly
stay below the $3 a gallon benchmark all spring and into the
summer. That's because the movement up in gasoline prices doesn't
really correlate to a spike in crude oil demand like it did in
2008. The upwards movement for crude is due largely to a weaker
dollar (comparatively) that has boosted commodity prices.
The bottom line is that supply is strong and demand is weak. And
that means that while oil companies may be commanding a decent
price for crude, they are not selling nearly enough to make the big
profits they did before the recession.
As a result, my latest fundamental analysis of the 20 largest
oil & gas companies on Wall Street shows only one worth buying:
), which has seen strong demand due to its Latin American
operations, gets a B or "Buy" recommendation in my Portfolio Grader
database. The big players like
) and Europe's
) get my worst grade: F or "Strong Sell."
Portfolio Grader, my FREE stock ranking tool
, offers updated recommendations each week on about 5,000 publicly
traded stocks. Click on any company's ticker below to get my free
fundamental analysis of each stock:
MARKET CAP (
Anadarko Petroleum Corp.
Canadian Natural Resources Ltd.
Imperial Oil Ltd.
Occidental Petroleum Corp.
Petrobras Petroleo Brasileiro
PetroChina Co. Ltd.
Royal Dutch Shell PLC
Repsol YPF S.A. ADS
China Petroleum & Chemical Corp.
Suncor Energy Inc.
Exxon Mobil Corp.
us what you think here.
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Top 5 Stocks for 2010
These must-have companies are just hitting their stride and are
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Louis Navellier reveals his top five picks for 2010 in this free
stock guide -
download your FREE copy here