| PAST TOP PICK | 28.040 | Paul Harris, CFA | Decreased since it was his top pick. Doesn't own it anymore. It's a good company, great refining capacity. Reserves where coming down which is why he sold it. He may re-enter in the low $20s. | 2006-09-26 | |
| PAST TOP PICK | 29.050 | Paul Harris, CFA | (A Top Pick Aug 12/05. Down 3.6%.) Previous quarter's numbers showed they had missed estimates but also, their reserves are in unsettled countries so he sold his holdings. | 2006-08-22 | |
| DON'T BUY | 27.000 | Bill Harris | Very cheap assets. Took a reserve write-down and they were hit in the South American write off. He was hoping for a positive outcome but couldn't get the answer is he was looking for so they sold their holdings. | 2006-05-24 | |
| PAST TOP PICK | 28.480 | Paul Harris, CFA | (A Top Pick Jan 9/06. Down 9%.) Sold his holdings when they came out with a reduction of 25% rather than 10% in their reserves. Also didn't like the areas where they were going to try to increase their reserves. | 2006-03-30 | |
| VAGUE | 27.560 | David Driscoll | Doesn't think the worst is over. Very vague, and may not have been talking about this particular stock. May have been talking about oil in general.
| 2006-02-23 | |
| TOP PICK | 30.560 | Paul Harris, CFA | At large part of their business is refining. You can have as much oil as you want, but you have to refine it into gasoline. This is a bottleneck. It is difficult to build new refineries because of environmental issues and costs. | 2006-01-20 | |
| TOP PICK | 31.200 | Paul Harris, CFA | (A Top Pick Nov 2/05. Up 4%.) One of the problesm with the oil industry is that there is not enough capacity in refining. | 2006-01-09 | |
| BUY | 30.110 | Don Reed | One of the cheaper oil companies out there right now. | 2005-12-06 | |
| PAST TOP PICK | 30.600 | Bill Harris | (A Top PIck Sept 13/05. Down 2.25%.) Actually got up tp $35. Thinks that this refinery story is starting to play out. The next couple of years will see a real tightening in global refining and this is the real upside for them. Can see $40 in a couple of years. | 2005-11-24 | |
| BUY | 29.860 | John Stephenson | Refineries are a great place to be. Refining margins remain strong. | 2005-11-07 | |
| TOP PICK | 30.310 | Paul Harris, CFA | (A Top Pick June 390/05. Up 19%.) Refining capacity has been very tight. Likes that it is not so much affected by the oil price as opposed to other dynamics. | 2005-11-02 | |
| TOP PICK | 32.510 | Paul Harris, CFA | Has large refining capacity and none of it is in the gulf area. There have been no new refineries built in the last 20 years so refining margins should continue to increase. | 2005-09-27 | |
| TOP PICK | 31.670 | Paul Harris, CFA | (A Top Pick June 30/05. Up 26%.) The refining capacity around the world is very low and margins are going to go up. None of their refineries are on the Gulf coast, they are in Europe and Latin America. | 2005-09-19 | |
| TOP PICK | 31.310 | Bill Harris | (A Top Pick March 21/05. Up 16%.) Will be a big beneficiary of higher margins in the refining business. Lots of room for the stock to go higher. | 2005-09-13 | |
| BUY | 29.010 | Bill Harris | One of the most inexpensive oil companies in the world. Probably getting close to fair value. Where the leverage really kicks in is if the refinery game takes over. If the refining margins can consistently go to $10, it is a 3 to 1 crack spread, their earnings will double. The stock could go to the high $30's. | 2005-08-25 | |
| TOP PICK | 30.150 | Paul Harris, CFA | Trades below its net asset value. Has huge refining capacity which is important in the oil business right now. Feels that refining margins are going to continue to go up. | 2005-08-12 | |
| PAST TOP PICK | 29.610 | Bill Harris | (A Top Pick Mar 21/05. Up 7.6%.) A fantastic company. Likes it based on straight valuation. Oil could drop and you couild still make money on this stock. | 2005-08-10 | |
| TOP PICK | 27.120 | Bill Harris | Even if oil falls back to $30/35 this company will make money. Not covered by many analysts. Very inexpensive. Refinery story has been terrible for the last 20 years, but is now coming back into its own. The cheapest way to play refining on a global basis. | 2005-07-08 | |
| TOP PICK | 25.550 | Paul Harris, CFA | A Spanish oil company. Highly leveraged to the refining business. Undervalued relative to other major oil companies. Not enough capacity in the refining business, so refining margins are going to exlode, going from $6 a barrel to $10 a barrel. | 2005-06-30 | |
| TOP PICK | 25.590 | Bill Harris | Spanish national oil company. Historical margins have been $4/6 turning oil into gasoline. There has been over capacity since the early 70's and now we've hit that pinch point of not enough refineries. This company is probably one of the best net beneficiaries of refining margins if margins went consistently $8 to $10. | 2005-05-11 | |
| TOP PICK | 27.300 | Bill Harris | One of the more inexpensive integrated companies around the world. | 2005-03-21 | |
| PAST TOP PICK | 24.460 | Bill Harris | (A Top Pick Oct 29/04. Up 14.3%.) Still likes this one and sees more value ahead. | 2005-01-07 | |
| TOP PICK | 23.880 | Bill Harris | Still trades at a discount to a $30 oil price. With Cdn$ so strong, its a good time to buy. | 2004-11-25 | |
| TOP PICK | 21.670 | Bill Harris | (A Top Pick Jun 4/04. Up 2.5%.) Has great assets around the world. It has stayed flat, but the Cdn$ has gone up. An almost forgotten stock. | 2004-10-29 | |
| TOP PICK | 20.460 | Bill Harris | This is a big immigrated Spanish company. The value for this stock should go up to 30 dollar area. | 2004-08-27 | |
| TOP PICK | 21.150 | Bill Harris | A low-cost producer. Has been trading at a discount because of some issues which he feels will be worked through. | 2004-06-04 | |
| TOP PICK | 20.200 | Paul Harris, CFA | Huge huge holdings in Argentina. Have now restructured and brought down their debt considerably. Trades at a huge discount to the major oil companies. Has increased production tremendously and shows lots of good cash flow. | 2004-05-21 | |
Experts that have talked about Repsol YPF , SA
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