Page 16 - Energy Patch News Today

Youve got russia with record output iraq with record output of oil but prices are low so its hurting them. youve got saudi arabia and the opec cartels saying were not going to cut production to help prop up prices just because the u.s. is producing so much oil, why will we help them out? so you have these geopolitical issues surrounding that. good for consumers, it can be tough for the energy companies, certainly tough for the stock market today. lets talk about perspective, though. 17,649. wow,...

But? it may mean job cuts in the energy sector. the energy companies are getting slammed by the lower oil prices. stocks have been nailed. some of the smaller energy players are down 50%, their stock prices from the summer. thats whats dragging on the dow jones industrial average. the dow is down about 128 points so youre going to see the stock market unsettled by whats happening in the oil market. its good for surms, good for the economy, its not good for the energy patch and hurting the stock ...

Nowhere near as big as some of the other major oil companies. but what distinguishes occidental from a lot of the others is that they do have real honest to goodness growth in both production and reserves. thats very, very unusual. and chevron, which is also there, is probably of the major super -- of the super majors, is probably the best position from a growth point of view. so, you know, if you just look at their top three holdings, youre getting a very, very good combination of safety and so...

Basically tries to give you safety. their largest position is exxon, but they also try and give you growth. if you look at their second largest position, its occidental petroleum. thats a big company but its nowhere near as big as some of the other major oil companies. but what distinguishes occidental from a lot of the others is that they do have real honest to goodness growth in both production and reserves. thats very, very unusual. and chevron, which is also there, is probably of the major s...