JPMorgan sees a shift in the energy landscape, favoring natural gas over oil due to strong demand and a potential glut. Range upgraded, Vermilion downgraded.
Goldman Sachs downgrades MGY and OXY, reinstates coverage on EXE. MGY's outperformance reflected in current stock price, OXY's leverage a concern. EXE receives Buy rating with potential 18% upside.
When it comes to energy, many investors seem undecided with a little less than two weeks to go in 2024. But the natural gas-weighted producers we’ve emphasized lately are still trading close to multi-year highs.
Boom or bust? When it comes to energy, investors seem undecided, especially with a little more than a week to go in 2024. But natural gas-weighted producers, particularly EQT Corporation and Expand Energy, have been trading close to multi-year highs.
