Inside the Integrateds: Drilling Down on Crude Oil

Not a fan of the integrateds, Andy Corn, chief investment officer for equities at Beacon Trust, considers them more value plays as opposed to growth plays. What he keys on most, however, is what they have to say about their futures.

"Another thing to look at is where they predict oil and gas are going and what they're doing on the hedging side," Corn says. "The whole concept of 'we're going to shrink the company to build the company back up' can [also] make sense as long as they're doing it highly strategically and they have clear vision of where they want to be. It's all a matter of what's the outcome," Corn says. "What are they doing to make sure they're going to have a secure future?"

-- Written by Sung Moss in New York

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