TDW, EPL, DNR, and GIFI
CHICAGO, Dec. 11 /PRNewswire/ -- How has your portfolio fared since the
end of 2000? Tim Murray's portfolio is up 16.6% during that time and is up
239% since its inception in 1998. Today he provides a review of the Louisiana
Energy Conference and the companies he found there that could energize your
portfolio. For the complete report and more in-depth market commentary, visit
(Photo: http://www.newscom.com/cgi-bin/prnh/20010924/CGM015LOGO )
Here are the highlights from the Featured Expert column:
OSCA, Inc. (Nasdaq: OSCA): This is a Lafayette, Louisiana based oil
service company that focuses on well completions. The company has been around
since 1979 and is well established with revenues of $134 million for the first
three-quarters of this year, but it just went public this year. Actually it
has the best looking chart of the group. Still the slow down in offshore Gulf
of Mexico drilling has caused reductions in the earnings estimates.
Torch Offshore, Inc. (Nasdaq: TORC): This New Orleans based oil service
company specializes in laying small diameter, less than 12-inch diameter,
pipelines offshore to connect wells to major pipelines. It has been around for
24 years but was also a new issue this year. In the stock market it has been a
sinking stinker. It came out at $16 this June and closed today at $4.55.
PetroQuest Energy, Inc. (Nasdaq: PQUE): This is a Lafayette, Louisiana
based exploration and production company with very high energy, young and
impressive management. Their specialty is the Gulf Coast basin. They have been
public for almost two years and the stock has done very well. It is expensive
on the current fundamentals, selling at approximately four times both sales
and book value.
Superior Energy Services, Inc. (NYSE: SPN): We have been following this
New Orleans based oil service company for sometime and are very impressed with
these guys. They are not sitting around waiting for better times, but are
actively creating better ways to do business today. Their focus is on the
wellhead and they provide production related services and products. The
company has been public since 1992 and their revenues have grown considerably
Tidewater, Inc. (NYSE: TDW): New Orleans based Tidewater has the world's
largest fleet of offshore oil service boats and is the dominant player in the
Gulf of Mexico. It was by far the most substantial company presenting at this
conference. Their global diversification helps them ride out slowdowns in one
area such is what is going on in the Gulf of Mexico now.
Energy Partners, Ltd. (NYSE: EPL): The New Orleans based company is
another new exploration and development company and has been public for just
over one year. They focus on the large mature fields of the central Gulf of
Mexico shallow water shelf. We have had some good trades in EPL this year and
expect more in the future. In contrast to PetroQuest, the management is a
little more mature and also very impressive.
Denbury Resources (NYSE: DNR): This Dallas, Texas based exploration and
development company is a good deal more complex than either PetroQuest or
Energy Partners and we are not sure that that is a plus for Denbury. They also
have considerable potential exposure to some business that they did with
Gulf Island Fabricators Inc. (Nasdaq: GIFI): We hate to pick on Houma,
Louisiana based GIFI, but they are still sitting fat with cash and appear
happy to wait for better time instead of trying to shake trees to make things
happen. One problem that we see is that if there is a sudden surge in heavy
fabrication, much larger companies will get back into the business.
Be sure to read the rest of the article and find out all of the stocks
this investment expert is currently recommending.
About Zacks Featured Experts
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SOURCE Zacks Investment Research
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(OSCA TORC PQUE SPN TDW EPL DNR GIFI)
CO: Zacks Investment Research; OSCA, Inc.; Torch Offshore, Inc.; PetroQuest
Energy, Inc.; Superior Energy Services, Inc.; Tidewater, Inc.; Energy
Partners, Ltd.; Denbury Resources; Gulf Island Fabricators Inc.
IN: FIN PUB MAG
-0- Dec/11/2001 11:01 GMT
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