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Sep 10, 2010

Goldman Sachs Adjusts Oil Stocks Price Targets

Mar 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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NATURAL GAS STORAGE*
EIA report for week ending 9-03-2010 Our prediction coming Tuesday 9-14-2010
3164 N/A
Weekly change
+58up N/A

Commodity Prices ($)

Natural Gas3.768
Crude Oil74.25
Heating Oil2.0684
RBOB Gas1.9354
Coal59.03