Wednesday, 13 June 2018 09:31

2 Great Oil Stocks at Bargain Prices

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Oil is an enticing commodity right now. Global cooperation on constraining output has led to strongly rising prices, which coupled with margin improvements during the downturn, means the sector looks ripe for great profits. But where is the best place to put money? Barron’s has tapped a top fund manager for his picks, and they are interesting. Both picks are exploration and production companies, and are Kosmos Energy and Apache. The former is a South American E&P that focuses on offshore drilling, while Apache is Houston-based and focuses more on gas.

FINSUM: These are pretty contrarian bets on small E&P companies. These seem quite high risk/high reward.

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