Oil prices appear to have put in a bottom in the low $90s, but investors have yet to come back to names like Newfield Exploration (NFX).
Issues like the oil/gas mix, production and drilling costs, and
debt-adjusted growth seem to be weighing on sentiment, even though
Newfield has an enviable geographic diversity to its operations. While
this is not my favorite name in the E&P space, I do believe it is
trading below fair value and should do well when institution investors
rediscover the independent E&P space.
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Can Newfield Exploration Get Some Newfound Respect?
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