Best Industrial Disributor Stocks To Invest In 2015

Best Industrial Disributor Stocks To Invest In 2015: Concho Resources Inc. (CXO)

Concho Resources Inc., an independent oil and natural gas company, engages in the acquisition, development, and exploration of producing oil and natural gas properties in the United States. Its operations are focused in the Permian Basin of Southeast New Mexico and West Texas. The company also has acreage positions in the Bakken/Three Forks play in North Dakota. As of December 31, 2010, Concho Resources had estimated proved reserves of 323.5 million barrel of oil equivalent. The company is headquartered in Midland, Texas.

Advisors' Opinion:

• [By Russ Krull]

  Concho Resources (NYSE: CXO  ) reopened an issue from last August and sold $850 million of 10-year, 5.5% paper. Concho got a better deal on this round, selling the paper at 103.75% of par, compared with even par last August. About $320 million of the new money is funding a tender offer for some higher-rate 2017 paper. The rest of the money goes toward paying down a credit facility and for general corporate purposes.

• [By Robert Rapier]

  There are numerous drillers making major investments in the Permian Basin. The list is long, but it includes Occidental Petroleum (NYSE: OXY), Chevron (NYSE: CVX), Devon Energy (NYSE: DVN), Pioneer Natural Resources (NYSE: PXD), Concho Resources (NYSE: CXO), ConocoPhillips (NYSE: COP) and Apache (NYSE: APA).

• [By WWW.GURUFOCUS.COM]

  Concho Resources, Inc. (CXO) is an independent E&P company focused on the Permian Basin in West Texas. Concho shares rose in the first quarter as the company provided greater detail about a significant increase in its oil and gas resource potential across its acreage position in the Permian and particularly in the Delaware sub-basin. The combination of the increase in the company's drilling inventory, strong initial well results and a faster than expected accelerat! ion in its drilling inventory bode well for Concho's production growth outlook and for improvements in its net asset value. (James Stone)

• [By Laura Brodbeck]

  Monday

  Earnings Releases Expected: McKesson(NYSE: MCK), Concho Resources (NYSE: CXO), Diamondrock Hospitality (NYSE: DRH) Economic Releases Expected: US Federal budget balance, Indian industrial production

  Tuesday

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/best-industrial-disributor-stocks-to-invest-in-2015-2.html