Oil prices appear to have put in a bottom in the low $90s, but investors have yet to come back to names like Newfield Exploration (NYSE:NFX). Issues like the oil/gas mix, production and drilling costs, and debt-adjusted growth seem to be weighing on sentiment, even though Newfield has an enviable geographic diversity to its operations. While this is not my favorite name in the E&P space, I do believe it is trading below fair value and should do well when institution investors rediscover the independent E&P space.
Sentiment Comes And Goes
This winter has seen investors turn cold on the E&P sector, even though oil and gas prices are both at highly economical levels for the sector. Although...
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