Cimarex Energy (XEC) Update - Sept 21

[dan_s]

It seems as though the case to invest in oil gets stronger and stronger as oil prices continue to rise. Not only is the price of crude oil flirting with $80 a barrel, but there are also lots of unique opportunities arising from price discrepancies and shifting trends in the industry. At the same time, many of the stocks in the oil and gas industry are trading at dirt-cheap prices.

So we asked three of our Motley Fool contributors to sift through stocks in the oil industry to come up with three that investors should buy. Here's why they picked MPLX LP (NYSE: MPLX), Cimarex Energy (NYSE: XEC), and ExxonMobil (NYSE: XOM).

XEC is one of Motley Fool's "Top Picks": https://finance.yahoo.com/news/3-top-oi ... 00044.html

This week, I took a HARD LOOK at my forecast/valuation model for XEC. My valuations remains at $150/share. First Call's price target is $120/share.