Opinions
David Burrows
Concho Resources
CXO-N
TOP PICK
Jul 24, 2014
$147.450
Stock price when the opinion was issued
Oil and Gas (Integrated Oils)
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
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PAST TOP PICK
(A Top Pick July 24/14. Down 25.58%.) Coming into the summer of last year, 40% of his portfolios were in producers, service companies and pipelines. On July 6 his model turned lower. Over the course of July and August, all of his producers had to come out of the portfolio. Then through the fall, the pipelines came out.
Oil and Gas (Integrated Oils)
For every dollar in the ground they find 2.3 dollars of oil. 20-30% production growth and 8% reduction in production cost per year. They have a lot of opportunity going forward.