The CEO of one of the biggest independent oil producers in Texas thinks so.
News & Analysis: Parsley Energy
Analysts and amateurs have very different definitions of what makes a bargain stock, and that disparity is on full display when it comes to Marathon Oil.
With OPEC providing additional support for the oil market, crude prices could have much further to run.
U.S. shale drillers are increasing production again, now that oil prices approach $40 per barrel.
U.S. drillers are restarting idled wells and could soon resume their drilling activities.
The oil company expects to "endure with relevance" as it battles through the market's current downturn.
PE earnings call for the period ending March 31, 2020.
The industry hasn't seen some of these levels in decades.
Market factors are forcing American oil producers to reduce their output, with more cuts to come if others join the effort.
Shale drillers in the U.S. are considering drastic actions to combat crashing crude prices.