Homestyle Beef Stew

Ingredients

• 1 pound stew beef, cut into 1-inch cubes
• 2 tablespoons all-purpose flour
• 1 tablespoon vegetable oil
• 1 (10.5 ounce) can condensed beef broth
• 1/2 cup water
• 1 bay leaf
• 1/2 teaspoon dried thyme leaves
• 1/8 teaspoon ground black pepper
• 3 medium carrots, peeled and cut into 1-inch pieces
• 2 medium potatoes, peeled and cut into 1-inch pieces