Seeking Alpha

Occidental Petroleum leads Cowen's three favorite big oil stocks to buy

  • The energy analysts at Cowen say that after three years of disappointment, 2014 is expected to bring stabilization and moderate growth with the potential for meaningful ramp-up in the sector during 2015-18.
  • One of Cowen's three big oil favorites is Occidental Petroleum (OXY) after announcing plans to spin off its California assets into a separate company; the firm likes OXY's potential to see the full benefit of rising oil prices in future results without being weighed by refining or midstream operations.
  • The firm foresees margin expansion at Exxon Mobil (XOM) with incremental growth coming from liquids-linked output, and thinks capex will start to drop after this year.
  • Cowen analysts also like Chevron (CVX) but would be patient buyers while awaiting commentary on further improvement due to better project mix.
Comments (3)
  • BAHAMAS1
    , contributor
    Comments (1794) | Send Message
     
    Good choices but I would add BP to the mix.
    19 Feb, 04:54 PM Reply Like
  • JSRR1950
    , contributor
    Comments (25) | Send Message
     
    Is Statoil STO ready to move?
    20 Feb, 12:48 AM Reply Like
  • 45Cal
    , contributor
    Comments (35) | Send Message
     
    I'm staying long with COP, thank you.
    21 Feb, 04:07 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|