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

|About: Apache Corporation (APA)|By:, SA News Editor

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.