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Replies to post #9096 on The Rising Influence of Rising Affluence
DewDiligence
11/24/14 2:44 PM
#9172 RE: DewDiligence #9096
Analysts at Raymond James [cut] their ratings on “Big Oil” Exxon Mobil Corp. and Chevron Corp. viewed as defensive names, and [upgraded] the shares of Hess Corp. and Occidental Petroleum Corp. A bottom for oil prices — and by extension for energy stocks — is likely near, and rebalancing one’s energy portfolio ahead of that potential recovery is a good move, the analysts said. …Hess and Occidental are “by no means the most aggressive oil stocks,” but they highly skew toward oil… Hess also has increased its long-term production growth target for 2013-2018 [#msg-108029577], while reaffirming the commitment to reach cash-flow neutrality over time, the analysts said. It also enjoys longer-term opportunities in the Gulf of Mexico and in Ghana and Kurdistan, the “icing on the cake,” Raymond James said.