Stock Meeting 1-6-11

Stock Meeting 1-6-11
Agenda
Dogs of the Dow
ETFs: MOO, PAGG, JJA
Energy: APA, DVN, EOG, XOM, OXY, SLB, SDRL, UPL

Berkshire undervalued. Chris sees 96 to 106 B shares PT. Analyst piece sent around. Good portfolio with varied holdings.

Ag ETF is a longer term play for our theme on shortages. Drill down to a few names we want to add.
PAGG: preferred
MOO : slightly larger and lower exp
both have a yield

JJA is an ETN of underlying commodities

Dogs
VZ we own and we have IXP but interested in VZ
Interested in CVX
INTC is interesting

EMC interested in following up on

Royal Dutch also a follow up candidate

EOG could be a messy Q or 2 but the company executes well. PT 120 with a 2 year time frame
XOM top pick

Mid cap energy names
RES good earnings momentum but a recent pullback. Wally will follow .up on
WTI Gulf of Mexico growth play but a headline risk because of BP
APA owned by Williams
Core expensive but a solid company that will benefit from continued E&P
CRB Fracking equipment. Market to themselves but will be the first to get hit when or if fracking blows up.
Berry a holding for a client. Well run but levered.