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Occidental Tries to Be Like Devon and ConocoPhillips

If you can't beat 'em, join 'em.

This seems to be the strategy behind the recent moves made by Occidental Petroleum (NYSE: OXY  ) to unload some of its international assets as well as its holdings in Plains GP Holdings; because it looks very similar to the moves both Devon Energy (NYSE: DVN  ) and ConocoPhillips (NYSE: COP  ) have made in the past couple of years.  

The reason that Devon and ConocoPhillips could successfully shift away from their international assets is because they both had plenty of development projects here in the U.S., but does Occidental have the ability to do the same? Tune into the video below where contributor Tyler Crowe discusses whether Occidental can make it work and one lingering question that might make investors in Occidental scratch their heads. 

Who Will Join Devon in Dominating the American Energy Boom?
Devon is carving out a position as a top American energy company, but they aren't alone. The transformation of the American energy space is creating investment opportunities everywhere, but picking the right ones will mean the difference between a flash in the pan and a long term jewel. For this reason, we have put together comprehensive look at three energy companies set to soar during this transformation in the energy industry. Find out which two companies have joined Devon on our list of companies that are spreading their wings by checking out our special report, "3 Stocks for the American Energy Bonanza." Simply click here and we'll give you free access to this valuable investing resource. 

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  • Report this Comment On October 26, 2013, at 2:04 PM, prginww wrote:

    Devon also formed an MLP JV with Crosstex this last week and that will allow Devon to monetize its midstream assets. In addition, Devon and Crosstex will develop almost all of Devon's future midstream needs within the MLP saving Devon from having to incur those costs for themselves leaving more money for E&P.

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