El Paso Corp. between $19 - $19.25 is a perfect time to buy. This stock's chart has corrected over the past few weeks, but IMO I believe its simply b/c of the oil price sell-off. As with most oil or natural gas stock, the price direction is directly affected by the price of oil. Buy this now and hang on for 6 months or more and you will easily see a 25% - 30% increase due to the increase in U.S. drilling and natural gas production. $19 is a total bargain for this stock.
I'm bullish on EP, but my only bearish sentiment would be the amount of debt they have. They have no problem paying this debt back, but I'd like to see them in the same position as another stock I'm bullish on - PTEN. They're cash heavy with NO debt, always a good thing.
$19.65 (07/15/08)
