Oil & Gas: Refining, Independent and Major Integrated

February 28, 2014

Buy ($175)

Topics covered: Unconventional Resources, Shale Drilling Capital Expenditures, Oil Price Expectations, Oil and Gas, Independent E&P Opportunities, Emerging Shale Plays, Capital Expenditures and Consolidation Activity

Companies covered: United Parcel Service, Inc. (NYSE:UPS), Pioneer Natural Resources Company (NYSE:PXD), Newfield Exploration Company (NYSE:NFX), Goodrich Petroleum Corporation (NYSE:GDP), FedEx Corporation (NYSE:FDX), EOG Resources, Inc. (NYSE:EOG), Cheniere Energy, Inc. (NYSEAMERICAN:LNG), Exxon Mobil Corporation (NYSE:XOM), Total SA (ADR) (NYSE:TOT), Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR), Occidental Petroleum Corporation (NYSE:OXY), Murphy Oil Corporation (NYSE:MUR), Marathon Oil Corporation (NYSE:MRO), Chevron Corporation (NYSE:CVX), ConocoPhillips (NYSE:COP), BP p.l.c. (NYSE:BP), Anadarko Petroleum Corporation (NYSE:APC), Apache Corporation (NASDAQ:APA)