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“10 great stocks to own because oil prices have surged: Goldman Sachs”

“Mehta outlined 10 oil stocks he is bullish on in a new piece of research on Tuesday: (1) Occidental Petroleum (OCY); (2) ExxonMobil (XOM); (3) Ovintiv (OVV); (4) Diamondback Energy (FANG); (5) ConocoPhillips (COP); (6) EQT Corporation (EQT); (7) Pioneer Natural Resources (PXD); (8) Devon Energy (DVN); (9) Hess (HES); and (10) Schlumberger (SLB). 

The analyst puts the 10 stocks into a few key investment themes:

  • Turnaround stories: OCY; XOM; OVV
  • M&A winners: FANG; COP; EQT; PXD; DVN
  • Company-specific stories: HES; SLB

“We project Brent will sustain $75-$80/b over the next 18 months in our financial models, enabling deleveraging and improved returns,” Mehta says of his underlying thesis on the aforementioned oil names…”

https://finance.yahoo.com/news/10-great-stocks-to-own-because-oil-prices-have-surged-goldman-sachs-162033591.html

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