- Bank Failures: Is The Nightmare Over? (Video)
- R.I.P. Stocks? Hedge Fund Chief Warns of Market 'Funeral'
- Global Stimulus: Boosting Water Stocks
- Najarian: Options Get Bullish on Cisco
- Four Hardware Stocks Upgraded by Goldman
- Options Smell 'Blood' on Infosys
- Art Cashin: Traders Weigh Obama Policy Changes
- S&P's Stovall: Pullback to 810 is Likely
- What Options Say About Transports Now
- Art Cashin: Stimulus Package Was a 'Hoax'
|
CNBC'S MOST SHARED
- Unemployed? Bored? Make Money Playing Beer Pong
- WPP's Sir Martin Sorrell on the Ad Recession
- Social Networking's 'Naked' Truth
- Merrill's McCann Seen as UBS Wealth Frontrunner
- Warren Buffett's Top Three Investment Rules for the Average American
- The View From Newark
- Eric Schmidt on Government Scrutiny and Economic Recovery
- Blog You!!!
- Warren Buffett's Complete Sun Valley CNBC Interview - Transcript and Video
- Eric Schmidt on Government Scrutiny and Economic Recovery
- Market 360: The Week's Best & Worst
- Geek Squad V. Gizmodo
- Brandt: Google Chrome OS in the Post-PC Age
- Other People Are Weirder Than We Are
- Bank Failures: Is The Nightmare Over? (Video)
- California Here I Go? No.
- Roginsky: No More Mr. Nice Guy
- Commercial Conundrum
- Government Selling Bank Stakes for Too Cheap: Panel
- Buffett's Top 3 Investment Rules for Average Americans
- Market Insider: Earnings Loom in the Week Ahead
- Bulls Get Summertime Blues, But It's Hot Fun for Bears
- As Banks Fail, Strong Institutions Become More Visible
- GM IPO in Second Quarter 2010 at the Earliest: CFO
- Merrill's McCann Seen as UBS Wealth Frontrunner
- It's Not the Wealthy Who Are Leaving California: Study
- Atlantic City Takes Hit as Pennsylvania Casino Opens
RSS FEED
Text Size 
The oil sector offers attractive investment opportunities, strategists told CNBC Friday. But both disagreed over whether established oil majors like BP or growth stocks like Suncor were the best way to play the sector.
"I think BP is extraordinarily cheap, in fact I think all of the oil majors and a lot of the offshore drillers are very cheap," James Bevan, chief investment officer from CCLA Investment Management, told Power Lunch Europe.
BP's shares have already discounted a decline in the oil price to no more than $70 a barrel, Bevan said.
"They're cheap but nobody cares," Espen Baardsen, analyst at Eclectica, argued, adding that the outlook for BP's usable oil reserves is relatively weak. Baardsen also said that many of the oil majors are wasting assets.
Instead of investing in the oil majors Baardsen recommends growth stocks like Suncor, Canadian Natural Resources and Canadian Oil Sands Trust, because they "have the potential to really expand production and have an ultra-long life."
Data is a real-time snapshot *Data is delayed at least 15 minutes