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Fly News Breaks for October 8, 2015
CVX, TOT, XOM
Oct 8, 2015 | 08:46 EDT
Cowen said they continue to see deep value but limited near-term catalysts in the integrated oil group. The firm sees a bottom established for the group, but believes upside is limited due to the U.S. eagerness to add to supply. Cowen favors Exxon Mobil (XOM) for defensive positioning but views Total (TOT) and Chevron (CVX) as attractive growth stories, citing their willingness to reduce non-producing capital.
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