Juskowicz has a number of names on his buy list, including among natural-gas companies Calpine, Dynegy, El Paso, and Williams. In the drilling niche, he also recommends buying Global Marine, Rowan, and Nabor Industries, to name a few. Partly because of recent oil discoveries in the Caspian Sea, he does not expect any one power such as OPEC to be able to keep a tight grip on supplies. His comments came in response to questions from the audience and from Jack Dierdorff of BW Online.
Edited excerpts follow.
Within energy, we're bullish on the domestic integrated companies, drilling and equipment, and exploration and production sectors. I cover the exploration and production group. We remain overweighted on that group because we believe oil and gas prices will remain strong this year. Although it's trading at a high p-e to growth ratio, little growth has been attributed to its broadband efforts. In addition, Enron will benefit in the near term from volatile commodity prices and in the long term from liquefied natural gas initiatives.