Barclays E&P Monthly: January 2012 - Top Picks and Stocks To Avoid
EOG Hot Sheet
Rating Summary:14 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 82
Barclays E&P Monthly: January 2012
Analyst, Thomas R. Driscoll, said, "...Natural gas prices continue to fall and gas now represents only ~20% of group revenues. We recommend investors avoid "pure" gas plays and focus on balanced or oil-oriented producers..."
"On the large-cap side EOG Resources (NYSE: EOG) and Noble (NYSE: NBL) remain our top long-term, high-quality picks. EOG may have the best oil-shale portfolio in North America while Noble combines a strong exploration track record with strong North American shale assets."
Barclays also recommended Anadarko Petroleum (NYSE: APC), Apache (NYSE: APA), but thinks Encana (NYSE: ECA), Range (NYSE: RRC), Southwestern (NYSE: SWN) and Ultra Petroleum (NYSE: UPL) are too expensive, ciiting currently modest gas-price views. Driscoll sees 30-40% downside if investor sentiment turns bearish on L-T gas price views.
For mid-cap E&P, Barclays names SM Energy (NYSE: SM) and Plains Exploration & Production (NYSE: PXP) as top picks.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
Analyst, Thomas R. Driscoll, said, "...Natural gas prices continue to fall and gas now represents only ~20% of group revenues. We recommend investors avoid "pure" gas plays and focus on balanced or oil-oriented producers..."
"On the large-cap side EOG Resources (NYSE: EOG) and Noble (NYSE: NBL) remain our top long-term, high-quality picks. EOG may have the best oil-shale portfolio in North America while Noble combines a strong exploration track record with strong North American shale assets."
Barclays also recommended Anadarko Petroleum (NYSE: APC), Apache (NYSE: APA), but thinks Encana (NYSE: ECA), Range (NYSE: RRC), Southwestern (NYSE: SWN) and Ultra Petroleum (NYSE: UPL) are too expensive, ciiting currently modest gas-price views. Driscoll sees 30-40% downside if investor sentiment turns bearish on L-T gas price views.
For mid-cap E&P, Barclays names SM Energy (NYSE: SM) and Plains Exploration & Production (NYSE: PXP) as top picks.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
You May Also Be Interested In
- Nomura Securities Maintains a 'Neutral' on Urban Outfitters (URBN); Staying Sidelined Despite Positive Q1 Surprises
- Compass Point Maintains a 'Neutral' on PNC Financial (PNC); RBC Addition Positive Offset By Increased Competition in C&I Lending
- Barclays Maintains an 'Equalweight' on Enbridge Energy Partners (EEP); Positive Long-Term on New Pipeline Projects
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
