By CONRAD de AENLLE Published: November 21, 2008 WHEN crude oil sailed above $140 a barrel, analysts forecast even higher prices, virtually without dissent. Four months have passed, crude has fallen below $50, and now a rally generally seems to be considered almost out of the question. Betting against the consensus by selling energy stocks would have paid off several months ago, and the opposite play, equally contrarian, might be profitable now. Shares of many suppliers of oil and natural gas have lost half their value or more in the stock market’s race to the bottom, and may be good buys. Robb J. Parlanti, an analyst and fund manager at Turner Investment Partners, expects gas producers to be the biggest beneficiaries if energy prices recover. He emphasizes the “if,” however, and advises investors to “stick with high-quality companies that are good to own even if the market doesn’t come back.” Those he has in mind include XTO Energy, Range Resources , Southwestern Energy , Petrohawk En...
Comentarios