With a noticeable increase in global energy spending and Carl Icahn's imprimatur, Transocean stock is undervalued by at least 25% relative to its long-term potential.
Reports of coal's demise have been greatly exaggerated.
National Oilwell Varco management can't realize further share value without an increase in expenses.
Even with only moderate improvements in U.S. natural gas prices, Chesapeake Energy shares should reach $30 by the first quarter of 2014.
On the basis of the strong North American rebound and international expansion, fair market value points to $65 per share.
Management only needed to show that Chevron's production growth was still progressing. It did that and more.
Not only is management delivering on its promise, but Conoco is suddenly benefiting from a significantly larger asset base.
While Shell's 31% profit decline might have been seen as a 'bombshell,' these shares still offer plenty of value and safety at current levels.
Cameron stock should command a fair market value north of $70 per share in the next 12 to 18 months.
Given that the stock is trading at 10 times 2014 EBITDA, I believe estimates might be a bit conservative and not accounting for potential upward impacts of HiWAY.