Playing Big Oil With A Bullish Attitude
As a follow up to our recent article regarding the future of big oil, here is some more input on the subject. Like the previous article, many analysts are still optimistic about some big oil companies. Here are some additional big wig North American oil companies that Andrew Dominguez still has high hopes for.
"1. Total (NYSE: TOT ) : Market cap of $123.07B. Put/Call ratio at 0.39. It has operations in more than 130 countries. It engages in all aspects of the petroleum industry, including Upstream operations: oil and gas exploration, development and production, liquefied natural gas (LNG) and Downstream operations (refining, marketing and the trading and shipping of crude oil and petroleum products). It also produces base chemicals (petrochemicals and fertilizers) and specialty chemicals for the industrial and consumer markets. In addition, it has interests in the coal mining and power generation sectors, as well as a financial interest inSanofi-Aventis. It is also active in solar-photovoltaic power, both in Upstream and Downstream activities.
2. Chevron: Market cap of $206.57B. Put/Call ratio at 0.80. Its Upstream operations consist of exploring for, developing and producing crude oil and natural gas; processing, liquefaction, transportation and regasification associated with liquefied natural gas; transporting crude oil by international oil export pipelines; transporting, storage and marketing of natural gas, and a gas-to-liquids project. Downstream operations consist of refining of crude oil into petroleum products; marketing of crude oil and refined products; transporting of crude oil and refined products by pipeline, marine vessel, motor equipment and rail car, and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses and fuel and lubricant additives."
Find additional Big Oil Picks here: http://turnkeyoil.com/2011/08/10/playing-big-oil-with-a-bullish-attitude/