Oppenheimer Upgrades Oil and Gas Stocks; Sees Industry Consolidation

October 20, 2008 10:48 AM EDT

Oppenheimer upgraded a number of oil and gas companies this morning, saying they expect industry consolidation in the next 12 months

Upgraded to Outperform:

Anadarko Petroleum Corp. (NYSE: APC)
Apache Corp. (NYSE: APA)
BP plc (NYSE: BP)
Cabot Oil & Gas Corp. (NYSE: COG)
Chevron Corp. (NYSE: CVX)
Comstock Resources Inc. (NYSE: CRK)
ConocoPhillips (NYSE: COP)
Devon Energy Corporation (NYSE: DVN)
EOG Resources, Inc. (NYSE: EOG)
Exxon Mobil Corp. (NYSE: XOM)
Frontier Oil Corp. (NYSE: FTO)
Hess Corporation (NYSE: HES)
Murphy Oil Corp. (NYSE: MUR)
Noble Energy, Inc. (NYSE: NBL)
Pioneer Natural Resources Co. (NYSE: PXD)
Royal Dutch Shell (NYSE: RDS.a)
Sunoco Inc. (NYSE: SUN)
Tesoro Corporation (NYSE: TSO)
Valero Energy Corp. (NYSE: VLO)
XTO Energy Inc. (NYSE: XTO)


Related Categories

Upgrades

Stocks Mentioned

APA 98.87

-0.17 -0.17%
Volume: 2,652,621
Track APA

APC 64.83

-1.15 -1.74%
Volume: 4,706,553
Track APC

BP 58.43

-0.10 -0.17%
Volume: 4,114,637
Track BP

COG 40.07

-0.52 -1.28%
Volume: 1,300,935
Track COG

COP 52.11

+0.16 +0.31%
Volume: 8,447,891
Track COP

CRK 40.00

-0.56 -1.38%
Volume: 908,604
Track CRK

CVX 77.53

+0.29 +0.38%
Volume: 7,746,553
Track CVX

DVN 68.04

-0.89 -1.29%
Volume: 4,223,617
Track DVN

EOG 90.35

+2.32 +2.64%
Volume: 4,625,437
Track EOG

FTO 13.05

-0.37 -2.76%
Volume: 2,799,683
Track FTO

HES 56.98

+0.00 +0.00%
Volume: 3,227,272
Track HES

MUR 60.40

-0.41 -0.67%
Volume: 2,206,544
Track MUR

NBL 66.74

-0.14 -0.21%
Volume: 1,056,980
Track NBL

PXD 42.38

-0.41 -0.96%
Volume: 1,330,621
Track PXD

RDS.A 64.36

+0.36 +0.56%
Volume: 147,200
Track RDS.A

SUN 28.21

-3.21 -10.22%
Volume: 8,086,865
Track SUN

TSO 13.97

-0.74 -5.03%
Volume: 9,043,298
Track TSO

VLO 17.29

-0.43 -2.43%
Volume: 11,766,660
Track VLO

XOM 72.58

+0.08 +0.11%
Volume: 18,185,069
Track XOM

XTO 43.25

+0.07 +0.16%
Volume: 6,122,235
Track XTO


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