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Merrill Lynch raises energy outlook, names four Big Oil stocks to buy

May 22, 2015 10:17 AM ETConocoPhillips (COP) StockCOP, OXY, XOM, HESBy: Carl Surran, SA News Editor34 Comments
  • BofA Merrill Lynch has become more optimistic on the energy sector, on both a small and large cap basis, citing attractive valuations, a performance that has lagged behind the rebound in oil prices, and analysts beginning to revise earnings expectations higher.
  • Savita Subramanian and her analyst team remain biased toward the “big, old and ugly” energy stocks - the mega-cap leaders which have shown long-term staying power and that typically pay outstanding dividends.
  • Their four favorites: COP, XOM, HES, OXY

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