<!DOCTYPE html><html lang="en"><head><base href="/"><title>Hurricane Harvey Opens The Door For Energy Plays</title><meta charset="UTF-8"><meta http-equiv="X-UA-Compatible" content="IE=edge,chrome=1"><meta name="viewport" content="width=device-width,initial-scale=1,maximum-scale=1,user-scalable=no"><link rel="canonical" itemprop="url" href="https://www.forbes.com/sites/jimcollins/2017/08/28/hurricane-harvey-opens-the-door-for-energy-plays/"><script>!function(e){function n(r){if(t[r])return t[r].exports;var o=t[r]={i:r,l:!1,exports:{}};return e[r].call(o.exports,o,o.exports,n),o.l=!0,o.exports}var r=window.webpackJsonp;window.webpackJsonp=function(t,c,a){for(var i,u,f,s=0,d=[];s<t.length;s++)u=t[s],o[u]&&d.push(o[u][0]),o[u]=0;for(i in c)Object.prototype.hasOwnProperty.call(c,i)&&(e[i]=c[i]);for(r&&r(t,c,a);d.length;)d.shift()();if(a)for(s=0;s<a.length;s++)f=n(n.s=a[s]);return f};var t={},o={6:0};n.e=function(e){function r(){i.onerror=i.onload=null,clearTimeout(u);var 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<!----><h1 _ngcontent-c15="" class="fs-headline speakable-headline">Hurricane Harvey Opens The Door For Energy Plays</h1>

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<div _ngcontent-c20="" innerhtml="<p>As the sad scenes from Southeast Texas fill TV screens, traders, as always, are taking positions. Oil prices dropped sharply in Monday's trading and the front-month West Texas Intermediate crude contract is quoted at $46.72 as of this writing. &amp;nbsp;Sentiment in the oil pits reflects a belief that the damage to Gulf Coast refineries from Hurricane Harvey will cause a general&amp;nbsp;clogging in the system, putting pressure on oil producers. Oil traders' sentiment is notorious for day-to-day changes, but oil stock traders' sentiment has been remarkably consistent in 2017: down.</p> 
<div id=&quot;attachment_840288184&quot; class=&quot;wp-caption alignnone&quot;> 
 <div class=&quot;article-body-image&quot;> 
  <progressive-image class=&quot;progressive-placeholder&quot; src=&quot;https://thumbor.forbes.com/thumbor/960x0/smart/https%3A%2F%2Fspecials-images.forbesimg.com%2Fimageserve%2F840288184%2F960x0.jpg%3Ffit%3Dscale&quot; low-res-src=&quot;https://thumbor.forbes.com/thumbor/100x0/smart/https%3A%2F%2Fspecials-images.forbesimg.com%2Fimageserve%2F840288184%2F960x0.jpg%3Ffit%3Dscale&quot;></progressive-image> 
 </div> 
 <div article-image-caption=&quot;&quot;> 
  <div class=&quot;caption-container&quot; ng-class=&quot;caption_state&quot;> 
   <fbs-accordion current=&quot;0&quot;> 
    <p class=&quot;wp-caption-text&quot;>A Sheriff's boat rescues people after Hurricane Harvey caused heavy flooding in Houston, Texas on August 28, 2017. Rescue teams in boats, trucks and helicopters scrambled Monday to reach hundreds of Texans marooned on flooded streets in and around the city of Houston before monster storm Harvey returns. (MARK RALSTON/AFP/Getty Images)</p> 
   </fbs-accordion> 
  </div> 
 </div> 
</div> 
<p>The benchmark ETF for energy stocks, the Select SPDR XLF, has fallen 16.8% in 2017, and the chart pattern is remarkably smooth. &amp;nbsp;It has been an 8-month long revaluation of energy companies, and that valuation has been to the negative. So, with Harvey adding another layer of negativity toward oil's producers (obviously, some groups like refiners should benefit from Harvey, I'll touch on them in my column tomorrow) it has created buying opportunities in the energy space. When I look at oil and gas stocks, I use a triage system to determine relative attractiveness among the subgroups.</p> 
<p>The Majors: The ETF that most closely tracks these stocks is IYE, and it has performed in lockstep with XLE, posting a 17.7% decline year-to-date. &amp;nbsp;Really, though, these companies are household names, and if you are interested in ExxonMobil and Chevron, it is also wise to look at international integrateds such as BP, Royal Dutch Shell and Total. &amp;nbsp;These shares&amp;nbsp;all offer attractive yields and Harvey is giving us an attractive entry point into the sector. &amp;nbsp;Exxon Mobil shares passed through the 4% yield mark in Monday's trading and Chevron shares are also yielding 4.0%. &amp;nbsp;Looking abroad, BP (7.0%) and Royal Dutch (6.8%) are once again approaching the yields offered in the midst of the hysteria over Brexit, while Total sits in between with a 5.1% yield.</p> 
<p> 
 </p> 
<p>The Independents: The relevant ETF here is XOP, and its performance has been absolutely brutal this year, posting a 28.6% decline. &amp;nbsp;There is some yield available among independent E&amp;amp;P stocks, but using the triage method you would have already passed on mega-yielders like Exxon and BP, so let's assume you are looking for pure capital appreciation from these stocks. &amp;nbsp;The key is to buy when market sentiment turns, and if successful, these names are good for 10%-20% pops in a matter of trading days. I focus on best positioned companies, and at this point the most attractive North American oil plays, in my view, are the Permian, Delaware and Eagle Ford in Texas. There have been some storm-related production shutdowns in the Eagle Ford, but I believe those will be short-lived, and the West Texas Permian and Delaware plays should be unaffected by Harvey.</p> 
<p>My favorite names among the independents are PDC Energy, Evolution Petroleum, Sanchez Energy and Chesapeake. A quick look at any of those four stock charts will show you these are risky plays, but, again, timing is everything when trading energy stocks, and I believe we are at a near-term bottom for the group.</p> 
<div class=&quot;vestpocket&quot; vest-pocket=&quot;&quot;></div> 
<p>Product tankers: This is a more obscure group, but these shipping companies are in the eye of the storm due to Harvey. According the Energy Information Administration, U.S. exports of finished gasoline doubled from 2010 to 2016, and with Gulf of Mexico refineries hammered by Harvey, those cargoes will have to come from other sources. &amp;nbsp;That means longer trips on a ton-mile basis, which is good for shipowners. &amp;nbsp;The purest play here is Scorpio Tankers, and others involved in shipping refined products include Teekay Tankers and Navios Maritime Acquisition.</p> 
<p>&amp;nbsp;</p>"><p class="speakable-paragraph">As the sad scenes from Southeast Texas fill TV screens, traders, as always, are taking positions. Oil prices dropped sharply in Monday's trading and the front-month West Texas Intermediate crude contract is quoted at $46.72 as of this writing. &nbsp;Sentiment in the oil pits reflects a belief that the damage to Gulf Coast refineries from Hurricane Harvey will cause a general&nbsp;clogging in the system, putting pressure on oil producers. Oil traders' sentiment is notorious for day-to-day changes, but oil stock traders' sentiment has been remarkably consistent in 2017: down.</p> 
<div id="attachment_840288184" class="wp-caption alignnone"> 
 <div class="article-body-image"> 
  <progressive-image class="progressive-placeholder" src="https://thumbor.forbes.com/thumbor/960x0/smart/https%3A%2F%2Fspecials-images.forbesimg.com%2Fimageserve%2F840288184%2F960x0.jpg%3Ffit%3Dscale" low-res-src="https://thumbor.forbes.com/thumbor/100x0/smart/https%3A%2F%2Fspecials-images.forbesimg.com%2Fimageserve%2F840288184%2F960x0.jpg%3Ffit%3Dscale"></progressive-image> 
 </div> 
 <div article-image-caption=""> 
  <div class="caption-container" ng-class="caption_state"> 
   <fbs-accordion current="0"> 
    <p class="wp-caption-text">A Sheriff's boat rescues people after Hurricane Harvey caused heavy flooding in Houston, Texas on August 28, 2017. Rescue teams in boats, trucks and helicopters scrambled Monday to reach hundreds of Texans marooned on flooded streets in and around the city of Houston before monster storm Harvey returns. (MARK RALSTON/AFP/Getty Images)</p> 
   </fbs-accordion> 
  </div> 
 </div> 
</div> 
<p>The benchmark ETF for energy stocks, the Select SPDR XLF, has fallen 16.8% in 2017, and the chart pattern is remarkably smooth. &nbsp;It has been an 8-month long revaluation of energy companies, and that valuation has been to the negative. So, with Harvey adding another layer of negativity toward oil's producers (obviously, some groups like refiners should benefit from Harvey, I'll touch on them in my column tomorrow) it has created buying opportunities in the energy space. When I look at oil and gas stocks, I use a triage system to determine relative attractiveness among the subgroups.</p> 
<p>The Majors: The ETF that most closely tracks these stocks is IYE, and it has performed in lockstep with XLE, posting a 17.7% decline year-to-date. &nbsp;Really, though, these companies are household names, and if you are interested in ExxonMobil and Chevron, it is also wise to look at international integrateds such as BP, Royal Dutch Shell and Total. &nbsp;These shares&nbsp;all offer attractive yields and Harvey is giving us an attractive entry point into the sector. &nbsp;Exxon Mobil shares passed through the 4% yield mark in Monday's trading and Chevron shares are also yielding 4.0%. &nbsp;Looking abroad, BP (7.0%) and Royal Dutch (6.8%) are once again approaching the yields offered in the midst of the hysteria over Brexit, while Total sits in between with a 5.1% yield.</p> 
<p> 
 </p> 
<p>The Independents: The relevant ETF here is XOP, and its performance has been absolutely brutal this year, posting a 28.6% decline. &nbsp;There is some yield available among independent E&amp;P stocks, but using the triage method you would have already passed on mega-yielders like Exxon and BP, so let's assume you are looking for pure capital appreciation from these stocks. &nbsp;The key is to buy when market sentiment turns, and if successful, these names are good for 10%-20% pops in a matter of trading days. I focus on best positioned companies, and at this point the most attractive North American oil plays, in my view, are the Permian, Delaware and Eagle Ford in Texas. There have been some storm-related production shutdowns in the Eagle Ford, but I believe those will be short-lived, and the West Texas Permian and Delaware plays should be unaffected by Harvey.</p> 
<p>My favorite names among the independents are PDC Energy, Evolution Petroleum, Sanchez Energy and Chesapeake. A quick look at any of those four stock charts will show you these are risky plays, but, again, timing is everything when trading energy stocks, and I believe we are at a near-term bottom for the group.</p> 
<div class="vestpocket" vest-pocket=""></div> 
<p>Product tankers: This is a more obscure group, but these shipping companies are in the eye of the storm due to Harvey. According the Energy Information Administration, U.S. exports of finished gasoline doubled from 2010 to 2016, and with Gulf of Mexico refineries hammered by Harvey, those cargoes will have to come from other sources. &nbsp;That means longer trips on a ton-mile basis, which is good for shipowners. &nbsp;The purest play here is Scorpio Tankers, and others involved in shipping refined products include Teekay Tankers and Navios Maritime Acquisition.</p> 
<p>&nbsp;</p></div>
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	</app-root><script id="ng-templates-state" type="application/json">{&q;environmentName&q;:&q;prod&q;,&q;is_mobile&q;:false,&q;/forbesapi/content/uri.json?shortcodes=true&a;slides=true&a;type=ng&a;tickers=true&a;bvallpages=true&a;autovpslider=true&a;stream=true&a;compressimages=true&a;mobile=false&a;prgsmobileads=false&a;relativeVideo=true&a;videoplayertype=brightcove_perform_with_keyvalues&a;swimlane=&a;uri=http://www.forbes.com/sites/jimcollins/2017/08/28/hurricane-harvey-opens-the-door-for-energy-plays/&q;:{&q;content&q;:{&q;id&q;:&q;content_59a472e864aaf9435aebc8df&q;,&q;naturalId&q;:&q;blogAndPostId/blog/post/5084-90&q;,&q;source&q;:&q;blogs&q;,&q;author&q;:&q;Jim Collins&q;,&q;title&q;:&q;Hurricane Harvey Opens The Door For Energy Plays&q;,&q;date&q;:1503956160000,&q;body&q;:&q;&l;p&g;As the sad scenes from Southeast Texas fill TV screens, traders, as always, are taking positions. Oil prices dropped sharply in Monday&s;s trading and the front-month West Texas Intermediate crude contract is quoted at $46.72 as of this writing. &a;nbsp;Sentiment in the oil pits reflects a belief that the damage to Gulf Coast refineries from Hurricane Harvey will cause a general&a;nbsp;clogging in the system, putting pressure on oil producers. Oil traders&s; sentiment is notorious for day-to-day changes, but oil stock traders&s; sentiment has been remarkably consistent in 2017: down.\r\n\r\n[caption id=\&q;attachment_840288184\&q; photocredit=\&q;\&q;  align=\&q;\&q; width=\&q;960\&q;]&l;img class=\&q;dam-image getty size-large wp-image-840288184\&q; src=\&q;https://specials-images.forbesimg.com/imageserve/840288184/960x0.jpg?fit=scale\&q; data-height=\&q;716\&q; data-width=\&q;960\&q;&g; A Sheriff&s;s boat rescues people after Hurricane Harvey caused heavy flooding in Houston, Texas on August 28, 2017. Rescue teams in boats, trucks and helicopters scrambled Monday to reach hundreds of Texans marooned on flooded streets in and around the city of Houston before monster storm Harvey returns. (MARK RALSTON/AFP/Getty Images)[/caption]\r\n\r\nThe benchmark ETF for energy stocks, the Select SPDR XLF, has fallen 16.8% in 2017, and the chart pattern is remarkably smooth. &a;nbsp;It has been an 8-month long revaluation of energy companies, and that valuation has been to the negative. So, with Harvey adding another layer of negativity toward oil&s;s producers (obviously, some groups like refiners should benefit from Harvey, I&s;ll touch on them in my column tomorrow) it has created buying opportunities in the energy space. When I look at oil and gas stocks, I use a triage system to determine relative attractiveness among the subgroups.\r\n\r\nThe Majors: The ETF that most closely tracks these stocks is IYE, and it has performed in lockstep with XLE, posting a 17.7% decline year-to-date. &a;nbsp;Really, though, these companies are household names, and if you are interested in ExxonMobil and Chevron, it is also wise to look at international integrateds such as BP, Royal Dutch Shell and Total. &a;nbsp;These shares&a;nbsp;all offer attractive yields and Harvey is giving us an attractive entry point into the sector. &a;nbsp;Exxon Mobil shares passed through the 4% yield mark in Monday&s;s trading and Chevron shares are also yielding 4.0%. &a;nbsp;Looking abroad, BP (7.0%) and Royal Dutch (6.8%) are once again approaching the yields offered in the midst of the hysteria over Brexit, while Total sits in between with a 5.1% yield.\r\n\r\nThe Independents: The relevant ETF here is XOP, and its performance has been absolutely brutal this year, posting a 28.6% decline. &a;nbsp;There is some yield available among independent E&a;amp;P stocks, but using the triage method you would have already passed on mega-yielders like Exxon and BP, so let&s;s assume you are looking for pure capital appreciation from these stocks. &a;nbsp;The key is to buy when market sentiment turns, and if successful, these names are good for 10%-20% pops in a matter of trading days. I focus on best positioned companies, and at this point the most attractive North American oil plays, in my view, are the Permian, Delaware and Eagle Ford in Texas. There have been some storm-related production shutdowns in the Eagle Ford, but I believe those will be short-lived, and the West Texas Permian and Delaware plays should be unaffected by Harvey.\r\n\r\nMy favorite names among the independents are PDC Energy, Evolution Petroleum, Sanchez Energy and Chesapeake. A quick look at any of those four stock charts will show you these are risky plays, but, again, timing is everything when trading energy stocks, and I believe we are at a near-term bottom for the group.\r\n\r\nProduct tankers: This is a more obscure group, but these shipping companies are in the eye of the storm due to Harvey. According the Energy Information Administration, U.S. exports of finished gasoline doubled from 2010 to 2016, and with Gulf of Mexico refineries hammered by Harvey, those cargoes will have to come from other sources. &a;nbsp;That means longer trips on a ton-mile basis, which is good for shipowners. &a;nbsp;The purest play here is Scorpio Tankers, and others involved in shipping refined products include Teekay Tankers and Navios Maritime Acquisition.\r\n\r\n&a;nbsp;\r\n\r\n&a;nbsp;\r\n\r\n&a;nbsp;\r\n\r\n&a;nbsp;\r\n\r\n&a;nbsp;&l;/p&g;&q;,&q;description&q;:&q;Oil&s;s fall has opened up an opportunity to buy energy stocks during Harvey.&q;,&q;image&q;:&q;https://specials-images.forbesimg.com/imageserve/840288184/960x0.jpg?fit=scale&q;,&q;type&q;:&q;blog&q;,&q;storyType&q;:&q;post&q;,&q;uri&q;:&q;http://www.forbes.com/sites/jimcollins/2017/08/28/hurricane-harvey-opens-the-door-for-energy-plays/&q;,&q;comments&q;:[],&q;visible&q;:true,&q;authors&q;:[{&q;naturalId&q;:&q;blogAuthorId/blog/author/1473665&q;,&q;name&q;:&q;Jim Collins&q;,&q;avatars&q;:[{&q;size&q;:400,&q;image&q;:&q;https://blogs-images.forbes.com/greatspeculations/files/2015/12/Jim-Collins_avatar_1450389766-400x400.jpg&q;},{&q;size&q;:136,&q;image&q;:&q;https://blogs-images.forbes.com/greatspeculations/files/2015/12/Jim-Collins_avatar_1450389766-136x136.jpg&q;},{&q;size&q;:62,&q;image&q;:&q;https://blogs-images.forbes.com/greatspeculations/files/2015/12/Jim-Collins_avatar_1450389766-62x62.jpg&q;},{&q;size&q;:40,&q;image&q;:&q;https://blogs-images.forbes.com/greatspeculations/files/2015/12/Jim-Collins_avatar_1450389766-40x40.jpg&q;}],&q;url&q;:&q;http://www.forbes.com/sites/jimcollins/&q;,&q;type&q;:&q;Contributor&q;,&q;profileUrl&q;:&q;/sites/jimcollins/&q;,&q;twitterName&q;:&q;@PortfolioGuru&q;,&q;authorType&q;:&q;individual&q;,&q;linkedIn&q;:&q;https://www.linkedin.com/in/jim-collins-portfolio-guru&q;,&q;email&q;:&q;jameskirkcollins@gmail.com&q;,&q;blog&q;:false,&q;timestamp&q;:1509934154294,&q;webSite&q;:&q;http://www.microcapguru.com&q;,&q;blogName&q;:&q;Jim Collins&q;,&q;topics&q;:[&q;markets&q;,&q;stocks&q;,&q;investing&q;,&q;autos&q;,&q;international&q;,&q;energy&q;,&q;wall-street&q;,&q;powering-productivity&q;],&q;description&q;:&q;I have researched stocks for 22 years, starting fresh out of college at Lehman Brothers and then moving to Donaldson, Lufkin and Jenrette. At DLJ I was a Senior Analyst following US auto parts companies before relocating to London to originate DLJ&s;s European Automotive coverage and then moving to UBS. I had a decade of sell-side experience, attaining the CFA designation. After years of growing my own portfolio, I founded Portfolio Guru LLC three years ago. I construct portfolios for my clients on a fee-only, separately-managed basis and write about small stocks in my newsletter, MicroCap Guru. My work is also featured on Real Money, the premium portal of TheStreet.com.  The Sanskrit root of \&q;Guru\&q; combines \&q;dispel\&q; and \&q;darkness.\&q; I invest solely for individuals, and for them I try to dispel the darkness that emanates from Wall Street. My friends enjoy poking fun at my nom de stock, and when I am not Guru-ing, I enjoy spending time with them, outdoor activities, and sampling NYC. I can be reached at jim@portfoliogurupost.com.com&q;,&q;recentActivityCount&q;:0,&q;latestActivityDate&q;:1446219300000,&q;dailyActivityCount&q;:0,&q;primaryBlogNaturalId&q;:&q;blogAuthorId/blog/author/blog-5084&q;,&q;shortUri&q;:&q;http://bit.ly/2tlNEsc&q;,&q;displayChannel&q;:&q;investing&q;,&q;displaySection&q;:&q;greatspeculationsblog&q;,&q;contributorSince&q;:1416282342000,&q;slug&q;:&q;jimcollins&q;,&q;showNoVestPocket&q;:false,&q;embargo&q;:false,&q;primaryChannelId&q;:&q;channel_2&q;,&q;altEmail&q;:&q;jameskirkcollins@yahoo.com&q;,&q;enableContribContact&q;:true,&q;enableTwitterFeed&q;:false,&q;disableCanonical&q;:false,&q;disableDigest&q;:false,&q;forbesTwitterProfile&q;:{&q;screenName&q;:&q;PortfolioGuru&q;,&q;name&q;:&q;The Portfolio Guru&q;,&q;profileImageUrl&q;:&q;http://pbs.twimg.com/profile_images/634748182602223617/-ogo8qKp.jpg&q;,&q;description&q;:&q;&q;,&q;createdDate&q;:1317344377000,&q;location&q;:&q;New York&q;,&q;url&q;:&q;https://t.co/l40JssuFL2&q;,&q;expandedUrl&q;:&q;http://www.microcapguru.com&q;,&q;displayUrl&q;:&q;microcapguru.com&q;,&q;verified&q;:false},&q;inactive&q;:true,&q;primaryChannel&q;:{&q;id&q;:&q;channel_2&q;,&q;channelId&q;:&q;channel_2&q;,&q;channelName&q;:&q;Investing&q;,&q;url&q;:&q;/investing&q;,&q;shortName&q;:&q;Investing&q;},&q;division&q;:&q;FC&q;,&q;allowEmail&q;:false,&q;avatar_map&q;:{}},{&q;naturalId&q;:&q;blogAuthorId/blog/author/blog-5084&q;,&q;name&q;:&q;Jim Collins&q;,&q;avatars&q;:[{&q;size&q;:0,&q;image&q;:&q;&q;},{&q;size&q;:0,&q;image&q;:&q;&q;},{&q;size&q;:0,&q;image&q;:&q;&q;},{&q;size&q;:0,&q;image&q;:&q;&q;}],&q;url&q;:&q;http://www.forbes.com/sites/jimcollins/&q;,&q;profileUrl&q;:&q;http://blogs.forbes.com/jimcollins/profile/&q;,&q;twitterName&q;:&q;PortfolioGuru&q;,&q;authorType&q;:&q;individual&q;,&q;blog&q;:true,&q;timestamp&q;:1498675385571,&q;primaryBlogNaturalId&q;:&q;blogAuthorId/blog/author/blog-5084&q;,&q;primaryContributor&q;:&q;blogAuthorId/blog/author/1473665&q;,&q;primaryContributorData&q;:{&q;naturalId&q;:&q;blogAuthorId/blog/author/1473665&q;,&q;name&q;:&q;Jim Collins&q;,&q;avatars&q;:[{&q;size&q;:136,&q;image&q;:&q;http://blogs-images.forbes.com/greatspeculations/files/2015/12/Jim-Collins_avatar_1450389766-136x136.jpg&q;},{&q;size&q;:400,&q;image&q;:&q;http://blogs-images.forbes.com/greatspeculations/files/2015/12/Jim-Collins_avatar_1450389766-400x400.jpg&q;},{&q;size&q;:40,&q;image&q;:&q;http://blogs-images.forbes.com/greatspeculations/files/2015/12/Jim-Collins_avatar_1450389766-40x40.jpg&q;},{&q;size&q;:62,&q;image&q;:&q;http://blogs-images.forbes.com/greatspeculations/files/2015/12/Jim-Collins_avatar_1450389766-62x62.jpg&q;}],&q;blog&q;:false,&q;shortBio&q;:&q;The Portfolio Guru&q;,&q;description&q;:&q;I have researched stocks for 22 years, starting fresh out of college at Lehman Brothers and then moving to Donaldson, Lufkin and Jenrette. At DLJ I was a Senior Analyst following US auto parts companies before relocating to London to originate DLJ&s;s European Automotive coverage and then moving to UBS. I had a decade of sell-side experience, attaining the CFA designation. After years of growing my own portfolio, I founded Portfolio Guru LLC three years ago. I construct portfolios for my clients on a fee-only, separately-managed basis and write about small stocks in my newsletter, MicroCap Guru. My work is also featured on Real Money, the premium portal of TheStreet.com.  The Sanskrit root of \&q;Guru\&q; combines \&q;dispel\&q; and \&q;darkness.\&q; I invest solely for individuals, and for them I try to dispel the darkness that emanates from Wall Street. My friends enjoy poking fun at my nom de stock, and when I am not Guru-ing, I enjoy spending time with them, outdoor activities, and sampling NYC. I can be reached at jim@portfoliogurupost.com.com&q;,&q;allowEmail&q;:false},&q;shortUri&q;:&q;http://bit.ly/2tlNEsc&q;,&q;displayChannel&q;:&q;investing&q;,&q;contributorSince&q;:1498675260000,&q;slug&q;:&q;jimcollins&q;,&q;showNoVestPocket&q;:false,&q;embargo&q;:false,&q;primaryChannelId&q;:&q;channel_2&q;,&q;enableContribContact&q;:false,&q;enableTwitterFeed&q;:false,&q;disableCanonical&q;:false,&q;disableDigest&q;:false,&q;forbesTwitterProfile&q;:{&q;screenName&q;:&q;PortfolioGuru&q;,&q;name&q;:&q;The Portfolio Guru&q;,&q;profileImageUrl&q;:&q;http://pbs.twimg.com/profile_images/634748182602223617/-ogo8qKp.jpg&q;,&q;description&q;:&q;&q;,&q;createdDate&q;:1317344377000,&q;location&q;:&q;New York&q;,&q;url&q;:&q;https://t.co/l40JssuFL2&q;,&q;expandedUrl&q;:&q;http://www.microcapguru.com&q;,&q;displayUrl&q;:&q;microcapguru.com&q;,&q;verified&q;:false},&q;inactive&q;:false,&q;primaryChannel&q;:{&q;id&q;:&q;channel_2&q;,&q;channelId&q;:&q;channel_2&q;,&q;channelName&q;:&q;Investing&q;,&q;url&q;:&q;/investing&q;,&q;shortName&q;:&q;Investing&q;},&q;allowEmail&q;:false,&q;avatar_map&q;:{}}],&q;channelSection&q;:[{&q;channelId&q;:&q;channel_1&q;},{&q;channelId&q;:&q;channel_1&q;,&q;sectionId&q;:&q;section_2&q;},{&q;channelId&q;:&q;channel_2&q;}],&q;slug&q;:&q;Jim Collins&q;,&q;blogType&q;:&q;individual&q;,&q;sitePage&q;:&q;forbes.com/investing/blogs/jimcollins/index.html&q;,&q;displayChannel&q;:&q;investing&q;,&q;vestPocketList&q;:[{&q;type&q;:&q;slide&q;,&q;uri&q;:&q;https://www.forbes.com/pictures/mlj45jggj/1-detroit/&q;,&q;image&q;:&q;http://specials-images.forbesimg.com/imageserve/026M72T8ElbzS/&q;,&q;title&q;:&q;The 10 Most Dangerous U.S. Cities&q;,&q;naturalId&q;:&q;blogAndSlideId/blog/slide/986-6336&q;,&q;count&q;:34004,&q;reason&q;:&q;MP-G&q;},{&q;type&q;:&q;blog&q;,&q;uri&q;:&q;https://www.forbes.com/sites/scottmendelson/2018/02/17/box-office-black-panther-superhero-fatigues-to-record-crushing-76m-friday/&q;,&q;image&q;:&q;https://blogs-images.forbes.com/scottmendelson/files/2018/02/MV5BNDg3MTY3ODMzMV5BMl5BanBnXkFtZTgwODgwMDk1NDM@._V1_SX1777_CR001777937_AL_-1-1200x633.jpg&q;,&q;title&q;:&q;Box Office: &s;Black Panther&s; Superhero Fatigues To Record $76M Friday&q;,&q;naturalId&q;:&q;blogAndPostId/blog/post/2595-47832&q;,&q;count&q;:481522,&q;reason&q;:&q;PV-D&q;}],&q;generatedId&q;:&q;idlh45md&q;,&q;manualDescription&q;:&q;Oil&s;s fall has opened up an opportunity to buy energy stocks during Harvey.&q;,&q;primaryChannelId&q;:&q;channel_2&q;,&q;vestPocketPosition&q;:6,&q;siteSlug&q;:&q;jimcollins&q;,&q;preview&q;:false,&q;showComments&q;:true,&q;syndication&q;:{&q;yahoo&q;:{&q;sentFlag&q;:true}},&q;tickers&q;:[&q;NYSE:XOM&q;,&q;NYSE:CHK&q;,&q;NYSE:CVX&q;,&q;NYSE:BP&q;,&q;NYSE:RDS.A&q;],&q;timestamp&q;:1503957281788,&q;commentCount&q;:1,&q;calledOutCommentCount&q;:0,&q;statsEntities&q;:[{&q;id&q;:null,&q;name&q;:&q;Business_Finance&q;,&q;type&q;:null,&q;relevance&q;:null},{&q;id&q;:null,&q;name&q;:&q;Business&q;,&q;type&q;:null,&q;relevance&q;:null},{&q;id&q;:null,&q;name&q;:&q;Economy&q;,&q;type&q;:null,&q;relevance&q;:null},{&q;id&q;:null,&q;name&q;:&q;Exchange-traded funds&q;,&q;type&q;:null,&q;relevance&q;:null},{&q;id&q;:null,&q;name&q;:&q;Rockefeller family&q;,&q;type&q;:null,&q;relevance&q;:null},{&q;id&q;:null,&q;name&q;:&q;BP&q;,&q;type&q;:null,&q;relevance&q;:null},{&q;id&q;:null,&q;name&q;:&q;ExxonMobil&q;,&q;type&q;:null,&q;relevance&q;:null},{&q;id&q;:null,&q;name&q;:&q;SPDR&q;,&q;type&q;:null,&q;relevance&q;:null},{&q;id&q;:null,&q;name&q;:&q;Chevron Corporation&q;,&q;type&q;:null,&q;relevance&q;:null},{&q;id&q;:null,&q;name&q;:&q;Oil &a; 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Oil prices dropped sharply in Monday&s;s trading and the front-month West Texas Intermediate crude contract is quoted at $46.72 as of this writing. &a;nbsp;Sentiment in the oil pits reflects a belief that the damage to Gulf Coast refineries from Hurricane Harvey will cause a general&a;nbsp;clogging in the system, putting pressure on oil producers. Oil traders&s; sentiment is notorious for day-to-day changes, but oil stock traders&s; sentiment has been remarkably consistent in 2017: down.&l;/p&g; \n&l;div id=\&q;attachment_840288184\&q; class=\&q;wp-caption alignnone\&q;&g; \n &l;div class=\&q;article-body-image\&q;&g; \n  &l;img class=\&q;dam-image getty size-large wp-image-840288184\&q; src=\&q;https://specials-images.forbesimg.com/imageserve/840288184/960x0.jpg?fit=scale\&q; data-height=\&q;716\&q; data-width=\&q;960\&q; /&g; \n &l;/div&g; \n &l;div article-image-caption=\&q;\&q;&g; \n  &l;div class=\&q;caption-container\&q; ng-class=\&q;caption_state\&q;&g; \n   &l;fbs-accordion current=\&q;0\&q;&g; \n    &l;p class=\&q;wp-caption-text\&q;&g;A Sheriff&s;s boat rescues people after Hurricane Harvey caused heavy flooding in Houston, Texas on August 28, 2017. Rescue teams in boats, trucks and helicopters scrambled Monday to reach hundreds of Texans marooned on flooded streets in and around the city of Houston before monster storm Harvey returns. (MARK RALSTON/AFP/Getty Images)&l;/p&g; \n   &l;/fbs-accordion&g; \n  &l;/div&g; \n &l;/div&g; \n&l;/div&g; \n&l;p&g;The benchmark ETF for energy stocks, the Select SPDR XLF, has fallen 16.8% in 2017, and the chart pattern is remarkably smooth. &a;nbsp;It has been an 8-month long revaluation of energy companies, and that valuation has been to the negative. So, with Harvey adding another layer of negativity toward oil&s;s producers (obviously, some groups like refiners should benefit from Harvey, I&s;ll touch on them in my column tomorrow) it has created buying opportunities in the energy space. When I look at oil and gas stocks, I use a triage system to determine relative attractiveness among the subgroups.&l;/p&g; \n&l;p&g;The Majors: The ETF that most closely tracks these stocks is IYE, and it has performed in lockstep with XLE, posting a 17.7% decline year-to-date. &a;nbsp;Really, though, these companies are household names, and if you are interested in ExxonMobil and Chevron, it is also wise to look at international integrateds such as BP, Royal Dutch Shell and Total. &a;nbsp;These shares&a;nbsp;all offer attractive yields and Harvey is giving us an attractive entry point into the sector. &a;nbsp;Exxon Mobil shares passed through the 4% yield mark in Monday&s;s trading and Chevron shares are also yielding 4.0%. &a;nbsp;Looking abroad, BP (7.0%) and Royal Dutch (6.8%) are once again approaching the yields offered in the midst of the hysteria over Brexit, while Total sits in between with a 5.1% yield.&l;/p&g; \n&l;p&g; \n &l;fbs-ad position=\&q;inread\&q; progressive=\&q;\&q;&g;&l;/fbs-ad&g;&l;/p&g; \n&l;p&g;The Independents: The relevant ETF here is XOP, and its performance has been absolutely brutal this year, posting a 28.6% decline. &a;nbsp;There is some yield available among independent E&a;amp;P stocks, but using the triage method you would have already passed on mega-yielders like Exxon and BP, so let&s;s assume you are looking for pure capital appreciation from these stocks. &a;nbsp;The key is to buy when market sentiment turns, and if successful, these names are good for 10%-20% pops in a matter of trading days. I focus on best positioned companies, and at this point the most attractive North American oil plays, in my view, are the Permian, Delaware and Eagle Ford in Texas. There have been some storm-related production shutdowns in the Eagle Ford, but I believe those will be short-lived, and the West Texas Permian and Delaware plays should be unaffected by Harvey.&l;/p&g; \n&l;p&g;My favorite names among the independents are PDC Energy, Evolution Petroleum, Sanchez Energy and Chesapeake. A quick look at any of those four stock charts will show you these are risky plays, but, again, timing is everything when trading energy stocks, and I believe we are at a near-term bottom for the group.&l;/p&g; \n&l;div class=\&q;vestpocket\&q; vest-pocket=\&q;\&q;&g;&l;/div&g; \n&l;p&g;Product tankers: This is a more obscure group, but these shipping companies are in the eye of the storm due to Harvey. According the Energy Information Administration, U.S. exports of finished gasoline doubled from 2010 to 2016, and with Gulf of Mexico refineries hammered by Harvey, those cargoes will have to come from other sources. &a;nbsp;That means longer trips on a ton-mile basis, which is good for shipowners. &a;nbsp;The purest play here is Scorpio Tankers, and others involved in shipping refined products include Teekay Tankers and Navios Maritime Acquisition.&l;/p&g; \n&l;p&g;&a;nbsp;&l;/p&g;&q;],&q;channelSectionMappings&q;:[{&q;id&q;:&q;channel_1&q;,&q;channelName&q;:&q;Business&q;,&q;url&q;:&q;/business&q;},{&q;id&q;:&q;channel_1section_2&q;,&q;channelName&q;:&q;Business&q;,&q;sectionName&q;:&q;Energy&q;,&q;url&q;:&q;/energy&q;},{&q;id&q;:&q;channel_2&q;,&q;channelName&q;:&q;Investing&q;,&q;url&q;:&q;/investing&q;}],&q;blogId&q;:&q;5084&q;,&q;disableDigest&q;:false,&q;pTagCount&q;:17,&q;hashtags&q;:[&q;StockWatch&q;],&q;hideDescription&q;:false,&q;sponsored&q;:false,&q;doNotPaginate&q;:false,&q;editorsPick&q;:false,&q;sentimentScore&q;:-0.0485277,&q;numberOfImages&q;:1,&q;relativeVideo&q;:{&q;videoId&q;:&q;5627001032001&q;,&q;title&q;:&q;David Droga of Droga5&s;s Unexpected Mentoring of Alex Daly - 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