An analysis of oil and gas trading shows that one of the top firms is Oklahoma’s Williams Companies—at least according to Barron’s.
The weekly magazine reports Williams has done best since March 6 because it is more focused on natural gas rather than crude oil production.
Williams is up 12% since then. Another energy firm getting high marks from Barron’s is HollyFrontier, the firm with an oil refinery in Tulsa, Oklahoma and others in El Dorado, Kansas; Wyoming and Utah.
“Traders have bet that the slowdown in oil drilling will also reduce the associated natural gas that oil drillers produce. Lower production of gas should help the supply-demand balance of that commodity,” wrote a Barron’s analyst.