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Petroleum industry

Market Experts Warn of Further Downside

Strategic Insights

— 1 min read

Dan Sullivan, the editor of the Chartist newsletter, suggests that the market may experience further losses. A selection of stocks from the Relative Strength Ratings portfolio, including Burlington Resources (BR), Hansen Natural Corp. (HANS), Peabody Energy (BTU), Amerada Hess Corporation (AHC), and Transocean, Inc. (RIG), have been identified as potential beneficiaries of this trend.

Key Takeaways:

  • Burlington Resources (BR) is a holding company focused on the exploration, development, production, and marketing of crude oil and natural gas through its subsidiaries.
  • Hansen Natural Corp. (HANS) operates in the marketing, selling, and distribution of alternative beverages, such as natural sodas and fruit juices, through its wholly-owned subsidiaries.
  • Peabody Energy (BTU) is the largest private-sector coal company in the world, offering a broad portfolio of coal supplies, including coal from operations it manages or owns majority interests in, as well as brokered coal.
  • Amerada Hess Corporation (AHC) engages in the exploration, production, and sale of crude oil and natural gas, as well as the manufacture, purchase, transport, trade, and market of refined petroleum and other energy products.
  • Transocean, Inc. (RIG) provides offshore contract drilling services for oil and gas exploration, development, and production, with its core business consisting of contracting drilling rigs and related equipment on a dayrate basis.

Statistics:

  • Burlington Resources (BR) is a holding company with no operating business except through its subsidiaries.
  • Peabody Energy (BTU) has a broad portfolio of coal supplies, including coal from operations it manages or owns majority interests in, as well as brokered coal.
  • Transocean, Inc. (RIG) has a core business of contracting drilling rigs and related equipment on a dayrate basis in the offshore contract drilling market.

Sources:

  • Zacks Investment Research, "Featured Expert Column by Dan Sullivan" (October 6, 2003)
  • Zacks Investment Research, "About Zacks Featured Experts"
  • Zacks Investment Research, "About Zacks"
  • Zacks Investment Research, "Profit from the Pros" newsletter
  • Zacks Investment Research, "Zacks.com Is a Property of Zacks Investment Research, Inc."

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