Chevron Corporation (CVX), TOTAL S.A. (ADR) (TOT), Exxon Mobil Corporation (XOM): Could A U.S. Hit on Syria Propel Crude to $150?

Foolish bottom line

As energy investors we can safely proclaim a couple of truisms emanating from Syria. First, crude prices are unlikely to retreat precipitously, barring a major turnaround by the parties involved. And second, both refiners and all those who tend to pump gasoline into their vehicles are certain to be affected by crude lingering at even relatively high levels?

It seems clear that the first item should have Fools redoubling their attention to exploration and production companies, which will constitute the boats that will all be levitated by the rising tide of crude prices. For my money, I’m attracted to EOG Resources, an especially oily domestic producer with the leading position in the prolific Eagle Ford play, among others.

I’d also point out that is a Chesapeake Energy Corporation (NYSE:CHK) major player in the Eagle Ford, and still is beset by something of an Aubrey McClendon discount. Finally, I wouldn’t turn up my nose at Chevron Corporation (NYSE:CVX), which, unlike many of its peers, isn’t active in Iraq, but operates in a host of promising and relatively safe areas worldwide.

The article Could A U.S. Hit on Syria Propel Crude to $150? originally appeared on Fool.com and is written by David Smith.

Fool contributor David Smith owns shares of Chesapeake Energy (NYSE:CHK). The Motley Fool recommends Chevron and Total SA. (ADR). The Motley Fool has the following options: long January 2014 $30 calls on Chesapeake Energy.

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