Seeking Alpha

Concho, Illumina up sharply on Baron's bullish view

  • Concho Resources (CXO +4.6%) continues to push higher after a positive mention by Ron Baron on CNBC before the open as the company he likes best to exploit the U.S. shale boom.
  • CXO has been aggregating drilling lands, he says, "and once they have this acreage, they're going to be able to be acquisition candidates by the really big oil companies who don't want to do the legwork."
  • Citing rising U.S. spending on health care, Baron likes Illumina (ILMN +3.6%), which he says is taking advantage of the falling costs of sequencing the genome.
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Comments (1)
  • Clayton Rulli
    , contributor
    Comments (2896) | Send Message
     
    Bullish on Us Shale but not Kinder Morgan. FAIL
    24 Feb 2014, 12:16 PM Reply Like
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