Exploring a Pair of E&P Stocks
Following up on Thursday's theme, quarter-end "window dressing" is an ideal time to pick up stocks in beaten-down sectors, as managers are forced to dump those names to avoid having "losers" on their statements to clients. One of the worst-performing sectors for the second quarter was oil & gas producers. Here are two cheap exploration & production names that should bounce back in the coming quarter and offer patient investors long-term value.
Occidental Petroleum (OXY) is one of the largest domestic oil & gas producers outside the big two, Exxon Mobil (XOM) and Chevron (CVX), and has the same market cap as ConocoPhillips (COP)....296 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.