8 Reasons To Go Long Murphy Oil
By Bret Jensen:Gas prices are rising and President Obama has recently designated them as the evil business group of the month. For all the political rhetoric about how much money the oil companies are squeezing from us poor consumers (we will forget for a minute that local, state and the federal governments take in four times more in gas taxes than the biggest five major domestic oil companies make in profit), oil equities have not been star performers in the first quarter despite one of the best starts to a year in decades. One stock that is flat for the quarter despite low valuations and positive production growth is Murphy Oil (MUR).
Murphy Oil - "Murphy Oil Corporation, through its subsidiaries, engages in the exploration and production of oil and gas properties worldwide. It explores for and produces crude oil, natural gas, and natural gas liquids. The company is also involved inComplete Story »