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Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

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What These Five Companies Can Tell Us About The Oil Space

I'd like to follow up today on several stocks that I know interest you and have interested me in the past. My readers know the stocks I currently recommend, but wonder about those that I've touched on in the past but have abandoned. Let's look at Anadarko Petroleum (APC), Devon Energy (DVN), Linn Energy (LINE), Whiting Petroleum (WLL) and Oasis Petroleum (OAS).

Anadarko has arguably the most interesting and strategically diverse assets of any U.S. independent. With a strong presence in the Wolfcamp Permian and Wattenberg, shale production is well covered with quality acreage. This goes along with first rate prospects in the Gulf of Mexico (GoM) and a very deep commitment to LNG in Mozambique. Together, these assets cover the best of U.S. oil and gas production potential that I am seeing. But some issues have left Anadarko slightly behind as I have tried to cull the best potential investments in the E+P space.

For one, I would have liked for Anadarko to be far more aggressive in sequestering and non-completion of wells in this discount environment, and their Capex cut, while large at 30 percent, didn't measure up to the austerity budgeting I thought was needed for this cycle. But in looking more closely at their portfolio, you become convinced that their assets in the Wattenberg and GoM are going to be last, even in a rising crude environment, to pay shareholders back. It's not that I don't like Anadarko – I actually love them – it's just that I want them to react…




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