Well positioned with large market cap and great fundamentals, low P/E, increasing EPS. Plus, I have always liked energy stocks because, I believe, they are bound to go up over time since everyone needs energy and, at present, supply is less than demand. Even better that ENERGY is a hot sector now.
One downside is that stock valuation (EPS/Market return) implies the stock is overvalued (big time), and future analyst forecasts (5-yr and longer) aren't so hot. For these reasons I put a VERY conservative target price that takes the downsides into account.
$69.7 (02/20/08)
