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NFX - Newfield Exploration: Consider Buying One Of The Cheapest Oil Stocks
Newfield Exploration Company
Mr. Market has been too harsh with Newfield Exploration (NFX) due to a few negatives but that’s translated into a buying opportunity. The company is well positioned to grow its earnings and cash flows in the future as it posts strong production growth from SCOOP and STACK plays in Oklahoma. Its financial health also will likely improve in the future. I believe investors should consider loading up on this stock while it's trading just 5.5-times future earnings.