6/04/13: A Tale of Two Countries
With its low production costs for natural gas that now roughly stand at breakeven, Cimarex could easily surpass expectations if natural gas prices conform to the forecast and remain above $4 per MMBtu for the foreseeable future. This company is a solid, conservative play on rising natural gas prices.
I’m adding Cimarex Energy to the Resources sleeve as a buy under 76.
There’s strong evidence that Malaysia is well positioned to weather any external weakness and the government’s plan to reduce the country’s budget deficit to 4 percent this year should remain on track. As a result, GDP should grow by at least 5 percent this year.
With political and economic certainty in place, iShares MSCI Malaysia Index Fund is now a buy up to 20.
With political and economic certainty in place, iShares MSCI Malaysia Index Fund is now a buy up to 20.
Unlike the situation in Malaysia, global investors are too concerned about Russia’s political situation to put much capital at risk, even in terrific companies. So while Mobile TeleSystems’ consistent 5 percent yield is attractive, it isn’t sufficiently bond-like to continue leaving the capital at risk. Sell Mobile TeleSystems.
Read More…
Stock Talk
Add New Comments
You must be logged in to post to Stock Talk OR create an account