Seeking Alpha

Apache (APA), Devon (DVN) and Occidental Petroleum (OXY) all have strong track records and...

Apache (APA), Devon (DVN) and Occidental Petroleum (OXY) all have strong track records and low-risk profiles, but lack the exploration potential, high-production growth, and takeover speculation premium of many of their E&P peers, Oppenheimer's Fadel Gheit writes. Investors have preferred stocks of energy companies emphasizing high-production growth over those with high return on capital in recent years.
Comments (5)
  • Like NBL
    4 Dec 2012, 11:02 AM Reply Like
  • Not one of these companies made a run at OAS,KOG,CLR,NOG,WLL. OXY from 105 to 73, APA from 105 to 76, DVN from 70, to 52.....low risk profiles???????? Better rethink that comment.
    4 Dec 2012, 11:03 AM Reply Like
  • DVN and APA both trading right at or below Book value....What will get these horses running?
    4 Dec 2012, 11:31 AM Reply Like
  • Everybody is so short term in their thinking. OXY is a long term
    buy and currently has an almost 3% div. If you think it's going
    nowhere then do div. reinvestment and write covered calls @ 80
    3 or 4mo. out 'til hell freezes over OR until we SECEDE.
    4 Dec 2012, 01:29 PM Reply Like
  • Got to agree with rjj1960. Unfortunately, they have not been straight about their operations. Cramer blew as gasket because DVN spoke a good game, but its report about liquids/oil on hand or in the pipeline did not match actuals.
    4 Dec 2012, 04:45 PM Reply Like
DJIA (DIA) S&P 500 (SPY)