“There's a lot more value in both the integrated and independent exploration and production companies. They haven't moved at nearly the same pace as the oil service companies.”
“There's significant upside for the entire sector. The earnings potential will be huge going into next year. They'll be able to pay down a significant part of debt, buy back stock.”
“There's concern that Iraq knows it's in a position that if it pulls its production off the market it would have significant implications on moving oil prices sharply higher.”
“I expect the integrated oil sector to help support the market if it goes down. Aside from the fact that oil prices are expected to be volatile, a lot of these major oil companies are big defensive plays. I expect to see a move into the integrated oil companies stocks throughout the course of next week going forward.”
“When investors start to look for safe havens to put money into, they'll look to energy. Domestic integrated oil companies will do really well. Most likely, the companies that will get a bigger push are the more diverse International integrated oil companies like Exxon-Mobil. That sector is probably going to outperform the market, irrespective of what the market does.”
“BP is a very upstanding company and they make every effort to insure safety. It's a very dangerous operation. You're dealing with a lot of volatile materials.”
