Sunday, September 28, 2008

Energy comes out to play

When the stock market is down, energy comes out to play...

Ripped from http://finance.yahoo.com/career-work/article/105812/Fortune (Shhh... don't tell them!)

Fortune's 100 Fastest-Growing Companies
Corporate America's supercharged performers

1. Arena Resources
Rank:1 (Previous rank: 3)
Eight-year-old oil and gas producer has grown by buying properties in New Mexico and Texas.

2. T-3 Energy Services
Rank:2
Oilfield equipment maker fills orders from the Middle East to Russia.

3. Allis-Chalmers Energy
Rank:3
Oil and gas services firm has been on an acquisition binge over the past six years.

4. Bucyrus International
Rank:4
Wisconsin-based manufacturer specializes in equipment for mining coal and copper.

5. DXP Enterprises
Rank:5 (Previous rank: N.A.)
This 100-year-old company supplies pumps and more to industries including oil and gas.

6. National Oilwell Varco
Rank:6 (Previous rank: 28)
Houston-based oil and gas services outfit makes products under 115 brand names.

7. Sigma Designs
Rank:7 (Previous rank: N.A.)
Makes chips that power new media toys like Blu-ray DVD players and high-definition TVs.

8. Atwood Oceanics
Rank:8 (Previous rank: 53)
Offshore driller's eight rigs sit in waters all over the world; No. 9 is being built in Texas.

9. Intuitive Surgical
Rank:9 (Previous rank: 4)
California firm makes and services surgical robots that allow for less invasive procedures.

10. Freeport-McMoRan
Rank:10 (Previous rank: 19)
World's largest publicly traded copper producer has soared with commodities prices.

For FORTUNE's full list of fastest-growing companies, click here.
Copyrighted, Fortune. All rights reserved.


A good thought to think about -- is this therefore a good time to jump heavily into energy?

Warning words from history's lessons - market correction. Then again, another warning - attempting to time the market?

Else, dollar cost averaging is still not a bad idea if you're not gonna take chances and want to start coming to the energy market now. Either ways, it's likely to straighten out over the years. However, how are you managing your expectations?

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