Wednesday, 16 March 2022 19:55

Goldman’s Bullish on These Oil Stocks

Written by
Rate this item
(0 votes)

Oil demand isn’t diminishing anytime soon, and while Russian Oil companies may suffer from sanctions and political pressure other oil companies are in a position to benefit. Goldman upgraded three oil companies that could capitalize. The first is Diamondback Energy from Texas; they have strong production and great revenues/earnings. Next up was Ovintiv which moved from Canada to the US two years ago but also has strong revenues and a half dozen consecutive quarterly gains in earnings. Rounding out the bunch is Hess which is a hydrocarbon extraction company which will benefit from the elevated prices in its shale search.


Finsum: These options look promising, remember fringe producers really benefit the most on the margins from elevated prices.

Read 1584 times

Contact Us

Newsletter

Subscribe

Subscribe to our daily newsletter

Top