Energy Plays

From a veteran oil investor, Art Smith (head of John S. Herold Inc.), some industry picks:

• UCL
• TOT
• PTT Public (Thai national oil company) - exposure to a growing region
  
• Santos (ADR): STOSY - an exploration play
  
• PPP
• NFX - another exploration play, undervalued, run by Joe Foster
  

He says Unocal still has good upside left, similar to Conoco when it came back into play in the 80s (can't own enough). Also mentions Kerr-McGee as a good prospect and takeover candidate.