Page 31 - Energy Patch News Today : Breaking News, Live Updates & Top Stories | Vimarsana

You've got russia with record output iraq with record output of oil but prices are low so it's hurting them. you've got saudi arabia and the opec cartels saying we're 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. let's talk about perspective, though. 17,649. wow, even at the beginning of last year you would have been amazed to see such a high number on the...

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. that's what's dragging on the dow jones industrial average. the dow is down about 128 points so you're going to see the stock market unsettled by what's happening in the oil market. it's good for surms, good for the economy, it's not good for the energy patch and hurting the stock market. so that's the double-edged sword. >> if it's not good for employment, it's not good fo...

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. that's 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, you're getting a very, very good combination of safety and some growth in the energy patch. >> let's talk about another play to play that rise in oil rise. tel...

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, it's occidental petroleum. that's a big company but it's 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. that's 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 ...