Top Forum PostsEnd of Season Storage LevelsCrude InventoryUnhedged ProducersEIA Short Term Energy OutlookIncreased Regulation on HydrofracturingTop CommentariesShould $10 a Barrel Be the Real Price of Oil?One Bad Auction Don’t Spoil the Whole Bunch GirlPeak Oil ReviewThe Energy Report: Demand Jam5 Reasons Natural Gas Is Poised for UpsideTop News StoriesUN Risks `Huge Mistake' in Carbon-Trading Investigation: Energy MarketsFlash Fire Occurs At Gulf Of Mexico Oil PlatformAlaska Gov:Suing Federal Govt Over Offshore Drilling MoratoriumPelosi Stays Vague On Canada Oil Sands, Encouraging Both SidesSabine Pass LNG Gets Energy Dept Approval To Export US Natural Gas |
Featured ArticlesSep 10, 2010Goldman Sachs Adjusts Oil Stocks Price TargetsMar 18, 2010 [Dow Jones] Goldman Sachs adjusts oil stocks price targets, suggesting that integrated oils are not best positioned to benefit from the bullish outlook for crude prices. However, thinks oil services stocks will be key beneficiaries. Of the UK-listed stocks, cuts BG Group (BG.LN) price target to 1470p from 1500p and BP (BP.LN) to 760p from 780p, leaving both at buy. Raises Royal Dutch Shell (RDSB.LN) price target to 2660p from 2650p, keeping at buy. Thinks BG and Shell are best positioned to grow production and cashflow in the coming years, and their valuations do not look expensive, historically. Reiterates buy on BP on above-consensus earnings, an inexpensive valuation and free cashflow generation. (andrea.tryphonides@dowjones.com) |
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