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).

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Comments (1)
  • BAHAMAS1
    , contributor
    Comments (5167) | 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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