Deals Flower in the Oil Patch

Fears of slower growth have pulled energy stocks down. But Andarko's $21 billion acquisition bid and other deals show fundamentals are strong

It's been a sure-fire investment strategy ever since the giant bull market in energy stocks started in 2003: Buy shares on any major pullback and ride them higher. But a lot of new negative analysis has dragged these stocks much lower in recent weeks, with some issues down 20% to 30% from their recent highs. Is buy-the-dip still a winning formula? Probably so.

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