Saturday, March 21, 2009

Louis Navellier and APA

May 2008

Get ready because I have some very exciting buys for you this month as well. Read on to learn about Apache Corp. (APA), Fluor Corp. (FLR), Intuitive Surgical (ISRG), Mechel (MTL) and last by not least Syngenta (SYT).

[click them
all and check how well they performed since April/May 2008]

Apache Corporation (APA) is an oil and gas exploration and production company with onshore and offshore operations in North America, Argentina, Australia, Britain and Egypt. The company has estimated proven reserves of 2.4 billion barrels of oil equivalent, located primarily in five North American regions, including the Gulf of Mexico, the Gulf Coast of Texas and Louisiana, the Permian Basin in West Texas, the Anadarko Basin in Oklahoma and Canada’s Western Sedimentary Basin.
The company recently reported success with three test wells drilled in a remote area of British Columbia that some experts say could become North America’s next big natural-gas field. Apache also boosted its estimate on the area’s potential reserve worth saying that as much as 16 trillion cubic feet of gas could be accessible from its land. This is excellent news for Apache’s future strength.

Risk: conservative
Buy price: $142.51
Buy below $156

June 2008

Buy below $157

July 2008

Buy below $148

August 2008

Buy below $134

September 2008

Ahead of schedule, Apache Energy (APA) resumed gas production at its Varanus Island facility off Western Australia.
An initial gas output rate of 110 million cubic feet per day started flowing August 1, two weeks earlier than originally planned. An explosion in June created fuel shortages throughout Australia.
In other news, Apache had not received any compensation claims from customers whose service was interrupted by the disaster. This is great news, showing that Apache has bounced back quickly from this accident.

Buy below $119

October 2008

APA moved from Conservative to Moderately Aggressive

Buy below $125

November 2008

APA moved back to Conservative from Moderately Aggressive

Buy below $91

December 2008

Speaking of coal and energy policy, there is no doubt that natural gas is expected to be a big winner under President-elect Barack Obama because it is the cleanest burning fossil fuel. Natural gas will become more dominant in electricity generation under the new stricter emission controls. This is sure to boost gasrelated energy stocks like our new buy Southwestern Energy (SWN) as well as existing Buy List picks Apache (APA), Devon Energy (DVN), and EnCana (ECA). And don’t forget that in the near-term, natural gas demand will peak as a cold winter results in greater need for energy to heat homes in America and Europe.

Buy below $83 (already down 40%)

January 2009

Conservative to Moderately Aggressive again

Buy below $80

February 2009

Buy below $78

March 2009

Back again to Conservative

Buy below $66

April 2009

This month the stocks that I recommend selling are Apache (APA) and Norfolk Southern (NSC). As I mentioned in our recent Weekly Update, Apache has weakened fundamentally to a D after a bad earnings report and should be sold immediately.

Price around $62.23

Performance: -56%
S&P500 in the same time: -45%

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