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Barron's "two defensive picks" in energy exploration are getting pummeled along with other...

  • Friday, June 1, 2012, 3:43 PM ET
    Barron's "two defensive picks" in energy exploration are getting pummeled along with other energy issues as crude oil caps an 8.4% loss on the week. Pioneer Natural Resources (PXD -8.9%) and Energen (EGN -3.2%) have "extensive hedge protection through 2014" that provides resiliency to their capital program, which should protect growth expectations during the period.
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