Barclays Energy Conference Takeaways: Key Takeaways from the Americas-based Major Oil Companies (XOM, CVX, COP, HES, MUR)
Tweet Send to a FriendGet Alerts XOM Hot Sheet
Price: $91.79 -0.43%
Rating Summary:
3 Buy, 15 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
3 Buy, 15 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade XOM Now!
Barclays Energy Conference Takeaways: Key Takeaways from the Americas-based Major Oil Companies
Analyst, Paul Y. Cheng, said, "Super-majors ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX) offered strategic consistency, downplaying interest in a major acquisition, and a view that current industry trends such as MLP formation and increased mid-continent refining capacity are either unsustainable or insignificant for companies of their size. Similarly, Canada-based SU reaffirmed its focus on consistent oil sands growth despite recent wide and volatile Canadian crude differentials, citing a natural hedge with its downstream segment and secure pipeline capacity beyond 2015. Meanwhile, large cap E&P focused ConocoPhillips (NYSE: COP), Hess (NYSE: HES), and Murphy Oil (NYSE: MUR) remain in transition. Both COP and HES will supplement funding shortfalls with asset sales over the next several years, while the potential separation of MUR's retail segment remains unclear under new CEO Steve Cosse."
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Paul Y. Cheng, said, "Super-majors ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX) offered strategic consistency, downplaying interest in a major acquisition, and a view that current industry trends such as MLP formation and increased mid-continent refining capacity are either unsustainable or insignificant for companies of their size. Similarly, Canada-based SU reaffirmed its focus on consistent oil sands growth despite recent wide and volatile Canadian crude differentials, citing a natural hedge with its downstream segment and secure pipeline capacity beyond 2015. Meanwhile, large cap E&P focused ConocoPhillips (NYSE: COP), Hess (NYSE: HES), and Murphy Oil (NYSE: MUR) remain in transition. Both COP and HES will supplement funding shortfalls with asset sales over the next several years, while the potential separation of MUR's retail segment remains unclear under new CEO Steve Cosse."
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Jefferies Lifts Numbers on Diana Shipping (DSX) Post Q1
- Topeka Capital Starts InvenSense (INVN) at Buy
- Canaccord Genuity Boosts Price Target on Akamai (AKAM) Citing Momentum
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Barclays, Crude Oil
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
