Although he expects a slowdown in the economy in 2008, resources expert Curtis Hesler remains bullish on energy, including two favorite positions, Apache Corp. (NYSE: APA) and Transocean (NYSE: RIG). Here is his review.
The editor of The Professional Timing Service contends, "There is one energy company that everyone should have in his or her portfolio, Apache Corp. In fact, I believe this is the only major you should hold."
Indeed, he notes "They are well ahead of the curve in respect to oil technology with advanced use of 4-D seismic and seismic inversion programs, satellite imagery, and GIS systems, etc. They are very good at enticing additional production out of old wells, and they are one of the few large independents that has been able to grow their reserves."
The advisor continues, "Their discovery costs and overhead are among the lowest in the industry. Although they have some business in Egypt, they have no direct Middle East exposure. They know their business better than anyone, and they are on the cutting edge of exploration and production technology."
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