A driller like Anadarko, Unocal has fallen out of favor recently as a result of a string of dry holes, primarily in the Gulf of Mexico. The company did announce a major gulf find in July, but the news failed to boost its stock. At 37 a share, Unocal boasts a 2.2 percent dividend yield and a PE ratio of 11, well below its five-year average multiple of 35. Putnam New Value's David King sees little downside from here. Either the company gets its act together or it becomes a candidate for a takeover. Shareholders benefit either way, ... I view it as a low-risk situation.
More Quotes from David King:
First Selectmen David King said the town would be very interested in their ideas to correct the problem, and suggested they contact the Maine Department of Transportation (MDOT) to share their ideas. It sounds like a logical fix to the problem, ... You have our blessing and our thanks.David King
They are more likely to put an emphasis on leadership characteristics and authenticity, favoring candidates who do not look or sound like a politician.
David King
You know who is coming in and who keeps coming back. You can also test different elements of Web advertising.
David King
We are not seeing the exponential growth in the number of cases that had been predicted,
David King
Women just don't like Bush's personality, ... Among men, Kerry tied Bush for 'has an appealing personality.' Among women, it was 51 to 35 for Kerry.
David King
Customers need a choice of these technologies, and need to have confidence that they will work together.
David King
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Based on Topics: Media & News QuotesBased on Keywords: anadarko, driller, low-risk, putnam, unocal
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