Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,501.65 0.00 0.00%
S&P 500 1,878.61 3.22 0.17%
NASDAQ 4,148.34 21.37 0.52%
Ticker Volume Price Price Delta
STOXX 50 3,166.24 -23.57 -0.74%
FTSE 100 6,682.57 -20.43 -0.30%
DAX 9,455.03 -93.65 -0.98%
Ticker Volume Price Price Delta
NIKKEI 14,429.26 24.27 0.17%
TOPIX 1,169.99 5.09 0.44%
HANG SENG 22,223.53 -339.27 -1.50%

Zacks Industry Outlook Highlights: Chevron, SM Energy, EPL Oil & Gas, Halliburton and CNOOC



    Zacks Industry Outlook Highlights: Chevron, SM Energy, EPL Oil & Gas,
                            Halliburton and CNOOC

PR Newswire

CHICAGO, May 20, 2013

CHICAGO, May 20, 2013 /PRNewswire/ -- Today, Zacks Equity Research discusses
the U.S. Oil & Gas, including Chevron Corp. (NYSE:CVX), SM Energy Co.
(NYSE:SM), EPL Oil & Gas Inc. (NYSE:EPL), Halliburton Co. (NYSE:HAL) and CNOOC
Ltd. (NYSE:CEO).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

A synopsis of today's Industry Outlook is presented below. The full article
can be read at  

Link: 
http://www.zacks.com/commentary/27349/oil-amp-gas-stock-outlook-may-2013

Considering the turbulent market dynamics of the energy industry, we always
advocate the relatively low-risk conglomerate business structures of the
large-cap integrateds, with their fortress-like balance sheets, ample free
cash flows even in a low oil price environment and growing dividends.

Our preferred name in this group remains Chevron Corp. (NYSE:CVX). Its current
oil and gas development project pipeline is among the best in the industry,
boasting large, multiyear projects. Additionally, Chevron possesses one of the
healthiest balance sheets among peers, which helps it to capitalize on
investment opportunities with the option to make strategic acquisitions.

Within the domestic exploration and production (E&P) group, we like SM Energy
Co. (NYSE:SM) and EPL Oil & Gas Inc. (NYSE:EPL). Supported by attractive oil
and gas investments, balanced and diverse portfolio of proved reserves,
together with development drilling opportunities, we expect the companies to
sustain their production growth and profitability over the foreseeable future.

Further, we remain optimistic on the near-term prospects of Halliburton Co.
(NYSE:HAL). The oilfield services behemoth -- among the top three players in
each of its product/service categories -- is enjoying strong demand for its
services in international markets and expects the trend to continue in the
coming years. Additionally, the company remains in excellent financial health
and has recently announced a 39% increase in its quarterly dividend.

China's CNOOC Ltd. (NYSE:CEO) is also a top pick. CNOOC remains well-placed to
benefit from the country's growing appetite for energy and the turnaround in
commodity prices. In particular, the company enjoys a monopoly on exploration
activities in China 's very prospective offshore region in addition to having
a growing presence in the country's natural gas and liquefied natural gas
(LNG) infrastructure. The recent acquisition of Canadian energy producer Nexen
Inc. will further improve CNOOC's growth profile by augmenting proven reserves
by 30%, while helping it to vastly expand its holdings in Canada.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed
in 1978 by Leonard Zacks. As a PhD from MIT Len knew he could find patterns in
stock market data that would lead to superior investment results. Amongst his
many accomplishments was the formation of his proprietary stock picking
system; the Zacks Rank, which continues to outperform the market by nearly a 3
to 1 margin. The best way to unlock the profitable stock recommendations and
market insights of Zacks Investment

Research is through our free daily email newsletter; Profit from the Pros. In
short, it's your steady flow of Profitable ideas GUARANTEED to be worth your
time! Register for your free subscription to Profit from the Pros at
http://at.zacks.com/?id=4581.

Visit http://www.zacks.com/performance for information about the performance
numbers displayed in this press release.

Follow us on Twitter:  http://twitter.com/zacksresearch

Join us on Facebook:  http://www.facebook.com/ZacksInvestmentResearch

Disclaimer: Past performance does not guarantee future results. Investors
should always research companies and securities before making any investments.
Nothing herein should be construed as an offer or solicitation to buy or sell
any security.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com

SOURCE Zacks Investment Research, Inc.

Website: http://www.zacks.com
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement