Market Overview

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

Share:
Related USO
Friendly Skies Could Be Attractively Valued Skies
Trump's Keystone XL Pipeline Approval Will Impact Crude Oil Spreads, Boost Canadian Economy
These 3 ETFs Tracking S&P 500 Sectors Poised To Grow The Most In 2017 (Investor's Business Daily)
Related APC
Fast Money Traders Share Their Picks After Dow Jones Records Longest Losing Streak In 6 Years
Benzinga's Top Upgrades, Downgrades For February 1, 2017
The Vetr community has downgraded $APC to 4-Stars (Vetr)

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)

View Comments and Join the Discussion!