1 Oil & Gas Stock to Buy, 1 to Sell: Marathon Oil Corporation (MRO), Husky Energy Inc (USA) (HUSKF)

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Recently, Macquierie Research said that the Canadian independent oil producers will suffer in the near-term due to heavy cuts in Canadian oil prices. This analysis sent share prices of many Canadian Oil & Gas players tumbling down. Imperial Oil Limited (USA) ((NYSEAMEX:IMO) is one good example of such a case. Though the Integrated Oil & Gas players weren’t hit as hard by the news, IMO still saw a decline of 7% in its stock price the same day of the announcement. Perhaps it got hit by the fact that it plans to raise its production level in the near future given that it is soon going to open its 110,000 barrel per day Kearl oil sand mine.

I seem to smell this news in Husky’s outlook. Rob Symonds sounded bullish, but there are definitely some potential challenges in the future that the company will have to fight.

Foolish Bottom Line

This conference was an eye opener for investors in the energy sector. The presentations given by the reps of the respective companies compel me to recommend investors to buy Marathon Oil and hold Husky Energy.

The article 1 Oil & Gas Stock to Buy, 1 to Sell originally appeared on Fool.com and is written by Masam Abbas.

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