| BUY | | Pfizer Inc | PFE-N | 25.750 | When a stock gets hit with very negative news, there tends to be an overreaction, so it's best to put in a very lowball bid. If you get it there, fine, if not, you'll probably get a second chance. | 2004-12-17 | |
| TOP PICK | | Chevron Texaco | CVX-N | 51.720 | Oil prices will be $35 or more from now on. At about 12 X earnings and very good dividends. If earnings just stay where they are, or increase very gradually, it is still a good value. | 2004-12-17 | |
| TOP PICK | | ConocoPhillips | COP-N | 86.990 | Oil prices will be $35 or more from now on. PE ratio of 9 and very good dividends. If earnings just stay where they are, or increase very gradually, it is still a good value. | 2004-12-17 | |
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