Goldman Sachs Downgraded E&Ps to Neutral (ME, FST, COG)

June 25, 2009 7:41 AM EDT

Goldman Sachs downgraded E&Ps to Neutral from Attractive. The firm now sees natrual gas in 2010 at $5.50 versus prior view of $6.10.

Rating Changes:


  • Mariner Energy, Inc. (NYSE: ME) Downgraded from Neutral to Sell, Added To Conviction Sell List
  • Forest Oil Corp. (NYSE: FST) Downgraded from Neutral to Sell
  • Cabot Oil & Gas Corp. (NYSE: COG) Downgraded from Buy to Neutral
  • Talisman Energy Inc. (NYSE: TLM) Upgraded from Sell to Neutral
  • Devon Energy Corporation (NYSE: DVN) Removed from Conviction Buy List. Maintains Buy

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Stocks Mentioned

COG 41.19

-0.16 -0.39%
Volume: 33,618
Track COG

DVN 69.38

+0.28 +0.41%
Volume: 220,627
Track DVN

FST 21.36

-0.07 -0.33%
Volume: 95,275
Track FST

ME 14.21

+0.12 +0.85%
Volume: 70,619
Track ME

TLM 18.00

-0.04 -0.22%
Volume: 178,975
Track TLM


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