Goldman reveals the 'sweet spot' for its favorite oil stocks — and gives one 35% upside

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Goldman singled out large-cap oil stocks it says have attractive total returns from here.

As fears over the global energy supply came back into focus last week, Goldman highlighted six oil and gas themes which it said looked attractive into the year end. The investment bank says "the sweet spot" for energy stocks is around $90 per barrel for Brent, in the long term. Brent crude futures are currently hovering around the $90 mark, trading at $90.71 a barrel on Friday.

In particular, it singled out a number of oil stocks which it said had attractive total returns looking ahead. These included oilfield services firm Schlumberger , with a price target of $46, giving it potential upside of 20%, and Diamondback Energy , with a price target of $155, or 17% potential upside. Six oil and gas themes — and stocks Goldman also listed six oil and gas themes it says are attractive, with related large-cap buy-rated stocks under each. 1. U.S.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines