This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Four Oil Stocks at Bargain Prices

Stocks in this article: CVX XOM TOT

NEW YORK ( TheStreet) -- It seems that the entire oil sector has caught the BP (BP) malaise, with companies fighting to reach the lowest share price they possibly can just as quickly as they can.

In a market environment that's been extremely cruel to investors, the energy sector -- and particularly the mega-cap integrated stocks -- have performed particularly badly.

I'm ready to draw the line right here -- it's not as if the world has become independent of fossil fuels just because an offshore BP well has sprung a leak -- and I've chosen four large integrated oil stocks to look at and to buy right now at prices that seem downright bargain basement.

The list of the four stocks I've chosen won't win any awards for being overly creative, but sometimes the obvious choices will just work the best. My "fab four" in integrated energy names are Exxon Mobil (XOM), Chevron (CVX), ConocoPhillips (COP) and Total (TOT).

In a market where there are as many obvious headwinds as we have these days, you must become a more conservative investor to stay ahead and sleep at night. And if conservative is the name of the game, there's no more consistent sector to conservatively invest than with the mega-cap energy names.

These names have taken a brutal beating recently, mostly on the back of the BP Gulf of Mexico disaster that has flattened BP stock but also taken many of its sector siblings with it. Some of the stocks I will mention are at share prices not seen since the market lows of March 2009, when the Dow reached 6,550 and the S&P was trading at 667.

Has everyone decided to trade in their large white GMC Denalis for new Chevy Volts? No? In that case, we'll still be relying on fossil fuels and the large integrated companies to deliver them for the foreseeable future.

It may no longer be a case of trying to measure the possibility of BP's bankruptcy and total liability and deciding at what level to buy BP shares. We have a simpler plan: Buy other integrated oil companies with super solid balance sheets and terrific dividends that don't risk disappearing anytime soon. Let's look at my fab four a little more closer:

1 of 5

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs