Seeking Alpha

J.P. Morgan expects solid Q3 earnings from big integrated oils

  • The big North American integrated oil companies will begin releasing quarterly results later this week, and J.P. Morgan's energy research team forecasts earnings increases of 8% Q/Q and 9% Y/Y, remaining very positive on the sector even as crude oil prices drop below $100/bbl.
  • The firm considers ConocoPhillips (COP) a top name to buy and a great total return play for investors, and it likes Hess (HES), Marathon Oil (MRO), Occidental Petroleum (OXY), Suncor (SU) and Cenovus (CVE); it's much less excited about Exxon Mobil (XOM) and Chevron (CVX).
Comments (1)
  • BAHAMAS1
    , contributor
    Comments (1799) | Send Message
     
    Totally agree with their COP call , but would also add CVX to that positive group.
    21 Oct 2013, 12:47 PM Reply Like
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