WFT

Drill baby drill will be the U.S. national anthem

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If oil is cut off from Iran, it could also impede supply in Iraq as Iran will use it’s influence to cause chaos wherever they can.  There is significant potential for an Israeli strike against Iran before the U.S. Presidential elections.  Israel would want to use its leverage before the outcome of the election is certain.  One thing looks clear to me.  If there is a major disruption of oil from the MidEast, “Drill Baby Drill” will be the U.S national anthem. Buy OIH, the ETF.  Buy HAL, SLB, BAS,WFT probably just about any driller for oil will work well.    

Weatherford International, Ltd. – Is Aging Inventory an Issue?

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       This is a checklist I use to quickly come to a conclusion on a stock.  I score a stock, each line getting a 1, 0, or -1.  A stock  that scored 1 on each line would be a perfect 10.  Buy it! Some of these items are quite subjective.  For example how would I score Cash Flow?  If a company’s cash flow is much lower than it’s reported earnings, that raises a flag and I would score it a -1.  If there are more insiders buying than selling, I would score it a 1.  If there are no apparent … Read more