Four Energy Names to Watch

Over the past 12-18 months, several major integrated energy concerns have unlocked significant shareholder value by shedding assets, responding to activists and spinning off non-core exploration and production (E&P) assets. I have been fortunate enough to benefit significantly by having two of these concerns within my portfolio while they were increasing shareholder value.

First, ConocoPhillips (COP) spun off its refinery assets via Phillips 66 (PSX) in April of 2012. PSX has more than doubled since it debuted and COP has steadily increased in value since the divestiture as well. Second, Hess HES has responded to activist pressure from Elliott Management by shedding assets to de-risk its balance sheet while focusing the company on longer-lived international assets and North American shale prospects. Most recently, management agreed to sell some $2 billion in assets in Russia....343 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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