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Ten Oklahoma Stocks

by: Stockerblog October 10, 2008 | about stocks: BOKF / CHK / CLR / DVN / HP / OGE / OKE / OKS / SD / WMB    

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Oklahoma is a land of innovation. After all, the first parking meter came out of this state. Today Oklahoma is a top producer of automobiles and planes. Centrally located, mild temperatures and low cost of living make Oklahoma a very attractive state. Here are some interesting facts about Oklahoma:

  1. Oklahoma’s top exports are pumps for liquids, and liquid elevators.
  2. Oklahoma offers an incentive program for new employers generating employment within the state. Its quality jobs program pays up to 5% of the total payroll expense for up to ten years.
  3. The cost of doing business in Oklahoma is the tenth lowest in the country.
  4. It is estimated that Oklahoma will be the second largest provider of wind power by 2030.
  5. The state’s aerospace industry employs over 143,000 people.
  6. There are four foreign trade zones within the state.
  7. It is expected that service providing industries in Oklahoma will account for 99% of all new employment between 2004 and 2014.
  8. By contrast, manufacturing is one the fastest declining industries in the state.
  9. Oklahoma’s finance industry provides almost 4% of all jobs in the state.
  10. Top industries in the state within the finance industry are: commercial banking and insurance agencies & brokerages.

The following companies are headquartered in Oklahoma:

  • Devon Energy Corporation (DVN) produces and delivers oil and gas. Devon Energy owns properties throughout the United States. The stock has a P/E of 9, a PEG of 1.14, and it pays a yield of 0.7%.
  • Chesapeake Energy Corporation (CHK) explores, produces, and sells natural gas and oil. The company owns properties in Texas, Alabama, Arkansas, Louisiana, Kansas, Montana, Colorado, and Oklahoma. The stock has a PEG of 0.68, and it pays a yield of 0.9%.
  • Williams Companies, Inc. (WMB) explores, produces and sells natural gas. The company owns property in Argentina, Venezuela, an throughout the United states. The stock has a P/E of 8, a PEG of 0.48, and it pays a yield of 2.0%.
  • Continental Resources, Inc. (CLR) explores and produces natural gas and oil. The company owns properties in the United States. The stock has a P/E of 15, and a PEG of 0.32.
  • ONEOK Partners, L.P. (OKS) owns and manages gas pipelines. It is also engaged in the production of natural gas liquids, and distribution. The stock has a P/E of 10, a PEG of 1.62, and it pays a yield of 7.9%.
  • Helmerich & Payne, Inc. (HP) provides equipment and personnel for the drilling of oil and gas wells worldwide. The stock has a P/E of 9, a PEG of 0.90, and it pays a yield of 0.5%.
  • Bok Financial Corporation (BOKF) is a financial service company, the company provides ATM, merchants, and small business banking services. The stock has a P/E of 20, a PEG of 1.72, and it pays a yield of 1.7%.
  • ONEOK, Inc. (OKE) buys, transports and markets natural gas. The stock has a P/E of 12, a PEG of 1.19, and it pays a yield of 4.7%.
  • SandRidge Energy Inc. (SD) manages an oil and gas company. It explores and produces oil and gas in the United States. The company has a PEG of 0.53.
  • OGE Energy Corp. (OGE) produces, transports and sells electricity and natural gas to customers in the United States. The stock has a P/E of 12, a PEG of 3.03, and It pays a yield of 4.5%.

Disclosure: Author does not own any of the above.

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This article has 6 comments:

  •  
    Oct 10 09:51 AM
    You might add that companies get accelerated depreciation on lands that were formerly indian lands.
    Reply
  •  
    Oct 10 10:05 AM
    CHK at 15? I don't understand why EXXON or any of the other large integrated oil companies don't just start buying up these companies.
    Reply
  •  
    Oct 10 01:30 PM
    The book value of CHK is over $17 and the stock is selling at $13. Why doesn't the government take the $700billion, buy stocks, boost the market and then sell. Thus making another $700 billion that they could use to bail out the banks. lol
    The environment has gotten so crazy this makes sense.
    Reply
  •  
    Oct 10 06:41 PM
    Re: CHK

    ----------------------...
    OKLAHOMA CITY (AP) -- Aubrey K. McClendon, chief executive of Chesapeake Energy Corp., has sold the bulk of his stock in the company over the past three days in order to meet margin loan calls, the company said Friday.

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    The company did not disclose the size of the stock sale, pending the filing of documents with the Securities and Exchange Commission.

    "I am very disappointed to have been required to sell substantially all of my shares of Chesapeake," McClendon said in a news release. "These involuntary and unexpected sales were precipitated by the extraordinary circumstances of the worldwide financial crisis."

    "I have been the company's largest individual shareholder for the past three years and frequently purchased additional shares of stock on margin as an expression of my complete confidence in the value of the company's strategy and assets."

    McClendon said he looked forward to rebuilding his ownership position in the company.

    jegan
    Reply
  •  
    Oct 10 10:22 PM
    I don't know McCendon, but I admire him and his company. I like what he and T Boone Pickens are talking about and agree with the idea that natural gas could be at least part of the solution to a national energy policy.

    What concerns me is that if Pickens and McClendon did not see this coming, how could the average investor?
    Reply
  •  
    Oct 10 11:54 PM
    Mclendon is a liar and a thief who conspired to steal the Sonics from Seattle.I hope his investment goes to zero and his next job is ballboy for the Thunder.
    Reply
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