Market Overview

BofA Reduces Near-Term Outlook for Brent Oil, Offers Six Oil & Gas 'Stocks for Summer'

Share:
Related USO
Best And Worst ETFs Of The Week Amid Slowing Corporate Profits
Buy Crude Now That It's Back Above $50?
A Young Commander Making His Mark In The Middle East May Be Trouble For Markets And Bullish For Gold (Seeking Alpha)
Related APC
Why Credit Suisse Is Lowering Its Price Target At Anadarko
Benzinga's Top #PreMarket Losers
Shell, other oil producers retreat from China (Seeking Alpha)

Analysts from Bank of America have composed a list of six U.S. oil and gas "stocks for the summer". These stocks are predicted to rise as demand for oil and gas will likely rise this summer.

The six stocks Bank of America has its eye on are: Anadarko Petroleum (NYSE: APC), Occidental Petroleum (NYSE: OXY), Marathon Oil (NYSE: MRO), Pioneer Natural Resources (NYSE: PXD), Devon Energy (NYSE: DVN), and Chesapeake Energy (NYSE: CHK).

In the report analysts from Bank of America also cut their near-term estimates for Brent Oil on slowing momentum from China. Bank of America lowered its price forecast of Brent oil from $111 to $103 during the second half of 2013 and from $112 to $105 over 2014.

Posted-In: Analyst Color Commodities Markets Analyst Ratings

 

Related Articles (APC + CHK)

Around the Web, We're Loving...