Concho, Pioneer, Chesapeake: Barron's Top Oil Picks

Barron's top oil picks right now are Concho Resources, Pioneer Natural Resources and Chesapeake Energy--all performing well this week. 

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PXD up a bit today ... but I think there will be some decent momentum here. Not really for day-trading. 

 

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I think PXD is my least favorite here. Its valuation is too high. 

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Chesapeake is the better target here. UP over 2% today so far, and I think it'll make a good run for value investors. Super cheap stock.

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