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