For investors in the oil industry, it's hard to see past the crisis in the Gulf of Mexico, as oil continues to expand across the area, and focus remains on the negative side of the industry. Until that clears up, companies like Ensco (NYSE:ESV) and Diamond Offshore (NYSE:DO) may be better bets to put our money into for the oil sector.
BP (NYSE:BP), Halliburton (NYSE:HAL), Cameron International (NYSE:CAM) and Transocean (NYSE:RIG) probably should be left alone until more clarity comes concerning lawsuits and who's responsible for what.
Anadarko Petroleum (NYSE:APC) could be another one to at least temporarily avoid, as they have a 25 percent non-operating interest in the Deepwater Horizon oil rig.
Until the legal issues are resolved, there is no way of knowing how far accountability for the accident will go, and how much exposure each company may have.
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