I thought this article was interesting. The drilling companies represent outstanding value and we are long HAL, BAS, SPN. Good American know how at bargain basement prices.
Energy Shares Suffer ‘Gas’ Pangs
Sector is S&P 500’s Cheapest Relative to P/E Ratio as Many Believe Natural-Gas Prices to Stay Low
By ALEXANDRA SCAGGS
Despite rising oil prices, U.S. energy stocks are scraping the bottom of the barrel.
The world price of crude has climbed 18% this year as rising political tension with Iran has stoked fears of a supply disruption. That is boosting profits at energy companies. Yet investors remain skeptical over the sector’s valuations amid fears over its long-term prospects.