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.
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