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Deutsche Bank is taking a more defensive stance on oil-levered stocks due to valuation concerns...

Deutsche Bank is taking a more defensive stance on oil-levered stocks due to valuation concerns and its weaker outlook for crude oil. The firm cuts Oasis Petroleum (OAS -3.9%), Marathon Oil (MRO -2.9%), Murphy Oil (MUR -0.8%) and Canadian Natural (CNQ -1%) all to Hold.
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  • yaga
    , contributor
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    Deutsche Bank is in such trouble that they can ill afford to downgrade anyone, least themselves. The bank has been pitiful, almost as bad as UBS. MRO is leveraged . So what. Who says that the weak outlook for crude oil will last? Are they basing it on European consumption?? What about the demand from China, India, to name a few markets where the demand has not fallen off. Do you think that China's economy will collapse and reduce their consumption of Crude? These banks have the worst research departments. I'd rather follow a reputable research firm preferably not a bank.When was the last time anyone paid attention to what Merrill has to say about the market or an individual stock. When Merrill recommends, I sell. MRO is great for the next two years. Superb management, great properties, and the splitting of the company into MPC, their downstream division into a separate company enhancing stock holder value was way before COC made the move. CNQ is a winner.
    Canada is the place to be if you are investing in oil. Look at a mid cap PVX which has been bought out by TSE:PPL with a great yield and great synergy to see a real winner. Deutsche Bank doesn't even know that it exists..............Yaga. I have liquidated my position in PVX but may dip into it again if it goes below 11.
    29 Feb 2012, 08:11 PM Reply Like
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