A while back I went through all the LSE energy companies (i think 50+) first looking at their share performance over recent years, electing those that had steadily increased with no great volatility.
I then visited their websites to see what they were doing and came up with the following list, which also includes BP and BG for comparison.
The first percentage represents how far they would move to retrace 2006 peaks, and the second note is a rough estimate of share price increase over recent years to the 2006 peak.
Sterling Energy PLC 76.5% 4x steady increase over 3 yrs
Emerald Energy PLC 69.1% 6x over 3 yrs, fairly steady
JKX Oil & Gas PLC 62.4% 16x in 3 years steady to May 06
Imperial Energy Corporation PLC (Siberia) 62.3% 20x over 3 years to spring 2006, steady
Cairn Energy 49.3% 5x in 3 years, fairly steady to May 06
Dragon Oil PLC 38.0% 6x over 3 years, steady to winter 06
BP PLC 32.3% 0.75 over 4 years, steady to May 06
Burren Energy PLC 27.7% 6x over 3 years, steady increase to Dec 06
BG Group PLC 25.8% 3x in 4 years, steady to May 06
Tullow Oil PLC 24.3% 4.5x very steady increase over 4yrs
Dana Petroleum PLC 18.2% 9x over 4 years
SOCO International PLC 14.0% 5x fairly steady increase over 3 yrs
Venture Production PLC 4.3% 5x over 4yrs, very steady and carrying
Premier Oil PLC -12.6% 5x increase over 4 yrs - steady
I just wonder when they may start becoming good value, or attractive to value investors. How far can they go in becoming cheap and unattractive because of downward momentum in the energy sector and warm weather?
BP looked unattractive because of it's comparatively sluggish growth over recent years, and now production declines with many reasons. Many of the above are still falling, with Imperial being exposed to Russia.
I haven't done any homework yet on energy sector service companies that are being highlghted by Jim Puplava, DrB etc.
Any comments on these or others welcome.
