Crossing Out Some Oil & Gas Stocks
Feb 1, 2025
I've written in the past about why the oil and gas industry is a mixed bag for investors. The exploration and production (E&P or "upstream") and refining ("downstream") areas are far too dependent on commodity prices to be reliable investments. Equipment sales similarly are a boom-and-bust kind of business with limited recurring revenues. Midstream (transportation and storage) is more interesting as it relies mostly on volume-based contracts which are less volatile. Given this, I'm "crossing out" a number of Green Screen entries in upstream and equipment categories, while leaving the midstream operators for now.
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Watch List
| SPSC | 27.22% |
| RDDT | 9.55% |
| APPF | 9.44% |
| CMG | 40.69% |
| VEEV | 23.06% |
| INTU | 25.82% |
| PSTG | 19.83% |
| WDAY | 4.25% |
| NTNX | 52.59% |
| CRWD | 101.00% |
| SE | 52.60% |
| SNOW | 29.30% |
vs. Fair Value Estimates
Buy List
| TBBB | -29.16% |
| SEMR | -27.73% |
| TSM | -30.47% |
| ZETA | -25.45% |
| GOOG | -50.34% |
| NYAX | -32.64% |
| HRMY | -53.55% |
| YOU | -35.14% |
| ADBE | -38.20% |
vs. Fair Value Estimates
Hold List
| PINS | -16.63% |
| ASML | -13.00% |
| VTEX | 4.16% |
| MSFT | -18.49% |
| ODD | -8.85% |
| ASR | -18.83% |
| FLYW | -12.94% |
| CELH | 22.35% |
| TOST | 46.53% |
| CPNG | 0.23% |
| HIMS | 62.03% |
| PAYC | -1.06% |
| MNDY | 22.57% |
| GLBE | -7.85% |
| ZS | 50.31% |
| V | -1.89% |
| ADSK | 10.00% |
| NOW | 25.21% |
| ABNB | -22.44% |
| MELI | -24.76% |
| FTNT | 4.01% |
| TEAM | -1.07% |
vs. Fair Value Estimates