Why These 3 Oil Drillers Are Outperforming Their Competition
Ouch! The stock market has pulverized most oil-industry stocks this year, sending shares of many independent oil and gas exploration and production companies -- E&Ps for short -- down more than 25% so far this year. But three E&Ps have bucked this trend, and they may not be the ones you're expecting.
ConocoPhillips (NYSE: COP), the biggest of the bunch, is down just 1% for the year, while the second biggest U.S. E&P, EOG Resources (NYSE: EOG) is down just 4%. This clearly goes beyond size, though, because Concho Resources (NYSE: CXO), which is only about one-third the size of EOG, is up 1.3% for the year.
Here's what these companies did to keep their shares so steady, and how it will affect them and their competitors.
Source: Fool.com
ConocoPhillips Aktie
100,82 €
-1,80 %
Überwältigendes Buy-Interesse für ConocoPhillips: 32 Buy-Einschätzungen ohne eine einzige Sell-Einschätzung.
Ein prognostiziertes Kursziel von 134 € für ConocoPhillips zeigt ein Potenzial von über 20% im Vergleich zum aktuellen Kurs von 100.82 €.
