Canaccord Genuity on Oil and Gas E&P: Upside to Oil-Levered Equities - Top Picks List
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Price: $18.40 -1.92%
Rating Summary:
21 Buy, 22 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
21 Buy, 22 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity on Oil and Gas E&P: Upside to Oil-Levered Equities - Top Picks List
Analyst, John Gerdes, said, "With stocks reflecting ~$75 WTI, we believe investors are assuming 1-2% global GDP growth and a recession in the developed world. In our view, this is a lower probability economic outcome. Accordingly, we now believe there is meaningful upside in oil-levered equities."
"Our list of favorite E&P names in alphabetical order includes Anadarko (NYSE: APC) (Wattenberg, Eagle Ford, deepwater exploration), Cabot (NYSE: COG) (Marcellus), Comstock (NYSE: CRK) (Eagle Ford, Wolfbone), Carrizo (Nasdaq: CRZO) (Eagle Ford), EOG (NYSE: EOG) (Eagle Ford, Wolfcamp), Goodrich (NYSE: GR) (Eagle Ford, Tuscaloosa) and SM (NYSE: SM) (Eagle Ford), which offer differential catalysts and equity value upside, in our view."
Gerdes adds that APC is a Top Large-Cap pick, COG is his favorite name is gas-weighted stocks, CRK & CRZO offer three times the potential upside to his target; and SM is looked at as inferior to peers (on Wall Street), however, he believes the opposite is true on a top-down basis.
Analyst, John Gerdes, said, "With stocks reflecting ~$75 WTI, we believe investors are assuming 1-2% global GDP growth and a recession in the developed world. In our view, this is a lower probability economic outcome. Accordingly, we now believe there is meaningful upside in oil-levered equities."
"Our list of favorite E&P names in alphabetical order includes Anadarko (NYSE: APC) (Wattenberg, Eagle Ford, deepwater exploration), Cabot (NYSE: COG) (Marcellus), Comstock (NYSE: CRK) (Eagle Ford, Wolfbone), Carrizo (Nasdaq: CRZO) (Eagle Ford), EOG (NYSE: EOG) (Eagle Ford, Wolfcamp), Goodrich (NYSE: GR) (Eagle Ford, Tuscaloosa) and SM (NYSE: SM) (Eagle Ford), which offer differential catalysts and equity value upside, in our view."
Gerdes adds that APC is a Top Large-Cap pick, COG is his favorite name is gas-weighted stocks, CRK & CRZO offer three times the potential upside to his target; and SM is looked at as inferior to peers (on Wall Street), however, he believes the opposite is true on a top-down basis.
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