Three oil producers on Josh Brown's list gain as sector mergers accelerate
TradingView says ConocoPhillips, Devon Energy and Occidental Petroleum are outperforming as oil and gas consolidation picks up pace after recent deals.
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what happened
TradingView, citing Josh Brown and Sean Russo of Ritholtz Wealth Management, highlights three energy stocks from their Best Stocks in the Market list. The commentary follows EQT's roughly $13 billion all-stock purchase of Range Resources, the latest step in a wave of mergers among oil and gas producers.
ConocoPhillips is cited for record Permian output above 900,000 barrels a day and second-quarter adjusted EPS of $3.24, versus $1.42 a year earlier. The company returns about 45% of cash from operations to shareholders. Devon Energy, which closed its merger with Coterra on May 7, is up 29% and 11% in price since two earlier pieces, and activist Toms Capital is urging a sale. Occidental Petroleum is also on the list, with Berkshire Hathaway owning about 26.5% of its common shares.
why it matters
For energy investors, the signal is that large producers with strong cash flow and rising shareholder payouts are drawing more attention, and consolidation in the sector continues. The technical levels and valuation views in the piece are the authors' opinion, not a price forecast.
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- Three energy stocks on Josh Brown's list are outperforming as M&A activity ramps up — TradingView, 3 November 2026 at 01:09 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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