The last few months have seen a flurry of E&Ps announcing changes to their business strategy, moving from a growth-through-drilling focus toward an income-and-dividend model. These companies realize things are changing in the oil patch. Commodity price forecasts are down and investor euphoria over billion-barrel resource plays is fading.
The possibility of supercharged double- or even triple-digit returns in the E&P game was just the answer. After all, even "sluggish" giants like ExxonMobil (XOM-NYSE) were up over 200% during the bull run.
Source: Market Watch
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