This Oil Producer Looks Cheap
In today's edition, Paul and Matt discuss Newfield Exploration, a company that boasts a balanced production mix that was 49% liquids in the second quarter, with most of that coming from oil. The strong liquids production accounts for almost all of its cash flow, despite being only half of its production volume.
In the coming years, the liquids production should only grow stronger, as it invests in its strong portfolio of assets that includes the Eagle Ford shale, the Williston Basin, the Uinta Basin, the Cana Woodford, and offshore Malaysia and China. Watch the video for the full details on why Newfield looks like a bargain today.
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The article This Oil Producer Looks Cheap originally appeared on Fool.com.Matthew Argersinger has no positions in the stocks mentioned above. Paul Chi owns shares of Apache. The Motley Fool owns shares of Apache. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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