Oil Stocks Are Still Flowing
11/10/2006 12:00 am EST
We welcome Mike Turner as a contributor to the Money Show Digest. New to these pages, but a popular speaker at our Money Shows, Mike Turner just offered several new buy recommendations from the oil sector, to his subscribers.
"Holly Corporation (HOC NYSE), incorporated in 1947, through its subsidiaries, engages in the refining, transportation, terminalling, and marketing of petroleum products. It purchases and refines crude oil, and wholesale markets refined products, such as gasoline, diesel fuel, and jet fuel in Texas, New Mexico, Arizona, Utah, Wyoming, Montana, Idaho, Washington, and northern Mexico. The company also manufactures and markets asphalt products from various terminals in Arizona and New Mexico. In addition, it also transports liquid petroleum gas (LPG) to LPG wholesalers and LPG retailers, as well as gasoline to refiners, convenience store chains, independent marketers, and retailers. As of December 31, 2005, Holly owned and operated three refineries, including Navajo Refinery in Lovington, New Mexico: The Woods Cross Refinery in Woods Cross, Utah: and The Montana Refinery in Great Falls, Montana. It also owned approximately 800 miles of crude oil pipelines located principally in West Texas and New Mexico. Additionally, the company owned interest in Holly Energy Partners, L.P., which has approximately 1,400 miles of petroleum product pipelines in Texas, New Mexico, and Oklahoma, including 340 miles of leased pipeline: 11 refined product terminals: 2 refinery truck rack facilities, and a refined products tank farm facility.
"Tenaris S.A. (TS NYSE) manufactures and supplies seamless steel pipe products, and provides associated services worldwide. Its principal products include casing, tubing, line pipe, and mechanical and structural pipes. The company operates in four segments: Tenaris Oilfield Services, Tenaris Pipeline Services, Tenaris Process and Power Plant Services, and Tenaris Industrial and Automotive Services. The Tenaris Oilfield Services segment focuses on the tubular needs of oil and gas companies in their drilling activities. The Tenaris Pipeline Services segment provides the tubular needs of oil and gas, and other energy companies in the transport of fluids and gases. The Tenaris Process and Power Plant Services segment focuses on the tubular requirements of refineries, petrochemical companies, and energy generating plants for construction and maintenance purposes. The Tenaris Industrial and Automotive Services segment offers products for the tubular needs of automobile and other industrial manufacturers. The company also provides electricity and natural gas to various industrial and commercial customers in Italy. In addition, it offers welded steel pipes in Brazil and Argentina. The company was founded in 1909 and is based in Luxembourg City, Luxembourg. Tenaris, S.A. is a subsidiary of San Faustin N.V."
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