When investors start to look for safe havens to put money into, they'll look to energy. Domestic integrated oil companies will do really well. Most likely, the companies that will get a bigger push are the more diverse International integrated oil companies like Exxon-Mobil. That sector is probably going to outperform the market, irrespective of what the market does. |
When you start polling the world for where major oil companies can do business, you have West Africa, Russia, the Middle East and Latin America. What they all share is that they're becoming more and more difficult operating environments. |