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Filed under: International markets, Newsletters, Commodities, Oil, Stocks to Buy

"National Oilwell Varco (NYSE: NOV), a buy in our 'Wildcatters portfolio,' will see an outsized benefit from improving conditions in the global oil market," says Elliott Gue in The Energy Strategist.

"Rig technology is the crown jewel of National Oilwell's business; the unit builds key equipment used on land and offshore drilling rigs.

"The unit is currently benefiting from the boom in deepwater drilling activity -- one of the only drilling markets that continue to see growth.

Filed under: PetroChina Co Ltd ADR (PTR), Stocks to Buy

"We sense a turn for the better coming in the oil sector," says Peter Way who tracks 'big money' investors for his Block Trader Oil & Gas Report. Here's his look at the "big block" traders.

"When we use the hedging analysis employed in our stock price forecasts, there are significant differences between some adjacent futures expirations. Here's the current picture:

"Front month (November) hedging suggests likely near-term higher prices. But the December contracts are likely to continue the past 3-month price decline - briefly.

The attacks on T. Boone Pickens' plans -- everything from his integrity and self-interest to his quixotic nature -- as Jim Cramer says, "just makes no sense whatsoever. They hold no water at all.

They are just wrong and misguided. The people against him, the ones that call him a dreamer, are the ones who have done no homework and are deeply cynical. And if they don't keep their mouths shut, we will forever be addicted to foreign oil."

The financials are in free fall, construction is stagnant, the airlines are trying not to crash and the automakers are hitting the skids – there is no denying the overall market really sucks right now. But, enough with the doomsday predictions and cough cough, the possibility that the US Government could lose its AAA credit rating! Let’s focus on what is working – deepwater drilling.

Congress has finally decided to consider what President Reagan had proposed in the 1980s. The opening of our coastline to oil drillers seems to be a great move in trying to keep the price of oil down. Not only will it do this but it will also help the United States with its deficit as we will import less oil. It will also provide a new stream of revenue for Exxon (XOM), ConocoPhillips (COP) and Chevron (CVX). This newfound growth will increase capital expenditures as companies scramble for growth.

As I've been saying, a lot of charts are looking good for the first time in a long time.

Zacks

Tupperware Brands Corporation ( NOV ) engages in the manufacture and sale of kitchen products, and beauty and personal care products worldwide. It sells its products directly to distributors, directors, managers, and dealers. Tupperware Brands Corporation was founded in 1996 and is headquartered in Orlando, Florida.