Tuesday, 03 July 2018 09:26

Goldman Sachs: Two Stocks to Play Energy

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(Houston)

The energy market has been doing well and some argue that the world is in the middle of an oil shock, or a condition where prices are very elevated because of a lack of supply. With that in mind, Goldman Sachs has published a piece choosing a couple stocks for investors to play the current oil market. The two stocks are Chevron and Canadian Natural Resources. Both have been laggards recently, but that helped them get the “Buy” rating from Goldman. The bank does not doubt Chevron’s ability to execute (unlike the market), and thinks that the announcement of some new projects will help propel the stock.


FINSUM: Hard to believe we could be in an oil shock when only recently it seemed we had an overwhelming glut.

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