Canaccord Genuity on Energy/Oil & Gas - Q411 E&P Preview: Favorites are Bill Barrett, Cabot, Carrizo, EOG and SM Energy
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Price: $4.84 --0%
Rating Summary:
5 Buy, 15 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
5 Buy, 15 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity on Energy/Oil & Gas Exploration & Production - Q411 E&P Preview: Favorites are Bill Barrett, Cabot, Carrizo, EOG and SM Energy
Canaccord analyst, John Gerdes, said, "Over a 12-month investment horizon, we believe E&P shares offer ~40% 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 the foreseeable future."
"Our favorite E&P names in alphabetical order include Bill Barrett (NYSE: BBG)(Unita), Cabot Oil & Gas (NYSE: COG)(Marcellus), Carrizo Oil & Gas (Nasdaq: CRZO) (Eagle Ford, UK Huntington), EOG Resources (NYSE: EOG) (Eagle Ford, Wolfcamp) and SM Energy (NYSE: SM) (Eagle Ford), which offer constructive operating catalysts, sound capitalizations and differential equity value upside, in our opinion."
"We see a positive risk/reward (~40% upside/~10% downside potential) overall for the E&P sector assuming NYMEX $92.50 oil/$4 gas, though generally favor buying oil/liquidstransitioning E&Ps over gas-weighted names."
Canaccord analyst, John Gerdes, said, "Over a 12-month investment horizon, we believe E&P shares offer ~40% 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 the foreseeable future."
"Our favorite E&P names in alphabetical order include Bill Barrett (NYSE: BBG)(Unita), Cabot Oil & Gas (NYSE: COG)(Marcellus), Carrizo Oil & Gas (Nasdaq: CRZO) (Eagle Ford, UK Huntington), EOG Resources (NYSE: EOG) (Eagle Ford, Wolfcamp) and SM Energy (NYSE: SM) (Eagle Ford), which offer constructive operating catalysts, sound capitalizations and differential equity value upside, in our opinion."
"We see a positive risk/reward (~40% upside/~10% downside potential) overall for the E&P sector assuming NYMEX $92.50 oil/$4 gas, though generally favor buying oil/liquidstransitioning E&Ps over gas-weighted names."
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