Comment on These Oil Stocks Are Surprisingly Down More Than 10% This Year. Does That Make Them Good Buys?

These Oil Stocks Are Surprisingly Down More Than 10% This Year. Does That Make Them Good Buys?

Oil has continued its remarkable rise this year, rallying another 10%, to more than $65 a barrel in the U.S. That rebound has taken most oil stocks up with it. However, a handful managed to lose ground this year, including Laredo Petroleum (NYSE: LPI), Concho Resources (NYSE: CXO), and Cimarex Energy (NYSE: XEC), which are all down double digits.

 

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