- Exxon Mobil (NYSE:XOM) is "starting to look relatively expensive," driven by its relative safety stock status, one of several energy stock thoughts J.P. Morgan analyst Phil Gresh expresses after updating his models for lower oil prices.
- Gresh also thinks ConocoPhillips (NYSE:COP) still looks a bit expensive, though less so than before the stock's recent underperformance, with the main near-term risk remaining the duration of the low price environment and related balance sheet and dividend considerations.
- Chevron (NYSE:CVX) and Occidental Petroleum (NYSE:OXY) still have above average total return potential, and Canadian Natural Resources (NYSE:CNQ) is beginning to look relatively interesting if it can manage through the current period of low prices and high committed capex, Gresh says.