These are the energy stocks to buy ahead of 2020, says Goldman

📆 26/12/2019 16:32:00
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Goldman Sachs says that EOG Resources, Pioneer Natural Resouces and Parsely Energy are well-positioned heading into 2020.

are compelling buys within the exploration and production industry given earnings sustainability within an improving macro backdrop.

"We are entering a bottoming phase for Energy equities in 2020, with potential for improving Energy equity sentiment as the year progresses resulting from lower non-OPEC supply growth outlook for 2021," Goldman analysts led by Brian Singer said.

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