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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)
    , contributor
    Comments (1922) | Send Message
    Good choices but I would add BP to the mix.
    19 Feb, 04:54 PM Reply Like
  • JSRR1950
    , contributor
    Comments (26) | Send Message
    Is Statoil STO ready to move?
    20 Feb, 12:48 AM Reply Like
  • 45Cal
    , contributor
    Comments (39) | Send Message
    I'm staying long with COP, thank you.
    21 Feb, 04:07 AM Reply Like
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