Canaccord Genuity on Oil and Gas, Exploration and Production: Q1 Preview: Anadarko (APC), SM Energy (SM) & Comstock (CRK) Among Favorites

April 17, 2012 10:04 AM EDT Send to a Friend
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Price: $89.97 -2.3%

Rating Summary:
    26 Buy, 5 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 29 | Down: 28 | New: 24
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Canaccord Genuity on Oil and Gas, Exploration and Production: Q1 Preview: Anadarko (NYSE: APC), SM Energy (NYSE: SM) & Comstock (NYSE: CRK) Among Favorites

Analyst, John Gerdes, said, "Over a 12-month investment horizon, we believe E&P shares offer ~40% potential upside relative to current market levels. We continue to favor companies that have or are transitioning toward oil development given our expectation of robust oil though weak natural gas market fundamentals over this year."

"Our expanded list of favorite E&P names in alphabetical order includes Anadarko (Wattenberg, Eagle Ford, deepwater exploration), Bill Barrett (NYSE: BBG) (Unita), Cabot (NYSE: CBT) (Marcellus), Comstock (NYSE: CRK) (Eagle Ford, Wolfbone), Carrizo (Nasdaq: CRZO) (Eagle Ford, UK Huntington), EOG (NYSE: EOG) (Eagle Ford, Wolfcamp), Goodrich (NYSE: GDP) (Eagle Ford, Tuscaloosa) and SM (NYSE: SM) (Eagle Ford), which offer progressive catalysts and differential equity value upside potential, in our opinion."


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