Ben Cook Expects Oil Between $55-$65, Picks XOM, EXE, WMB

Ben Cook gives his takeaways from President Trump’s meeting with energy executives around Venezuela. He thinks we need an assessment of the quality of any products from Venezuela before companies begin investing in the sector. “A longer-term time frame is going to be required” to boost production to pre-Chavez levels, he says, possibly decades. He thinks oil will trade between $55-$65 this year. Ben likes Exxon Mobil (XOM), Expand Energy (EXE), and Williams (WMB).

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