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A Pair Trade In E&P: Bernstein Upgrades ConocoPhillips, Downgrades Concho
Friday, June 8, 2018 - 2:07pm | 551Read More...The Permian basin space is becoming overcrowded, resulting in a situation where survival and growth are increasingly difficult, according to Bernstein. The Permian basin is a large oil-producing basin situated in the western part of Texas and the southeastern part of New Mexico, and comprises...
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Encana Could Be On The Verge Of A 5-Year Long Growth Spurt
Friday, September 15, 2017 - 1:48pm | 334Read More...Bernstein said in a Friday note it expects Encana Corp (USA) (NYSE: ECA) to achieve growth every year for the next half decade after shrinking in eight years of the last decade, as the company's march toward the aggressive U-Turn production guidance begins. Accordingly, Bernstein upgraded...
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Oil Slide Fallout Continues; Devon Energy, ConocoPhillips Downgraded
Thursday, July 6, 2017 - 3:54pm | 742Read More...The summer driving season is in full swing, but oil prices have not budged. A bearish undertone is evident in the crude oil space; after starting the year around mid-$50 levels, the "black gold" has come off significantly and is currently around the mid-$40 levels. Twin Downgrades Against this...
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9 E&Ps Bernstein Is Buying Before The Second Half Of 2016
Friday, May 13, 2016 - 4:09pm | 403Read More...The global oil market may be rebalanced well before many investors expect. According to Bernstein analyst Bob Brackett, oil-levered E&Ps will be some of the major beneficiaries once the oil market reaches equilibrium in the second half of this year. “We believe that robust demand...
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The Shale Revolution Is Over
Monday, February 8, 2016 - 2:20pm | 388Read More...In a new report, A.B. Bernstein analyst Bob Brackett looked at the boom and bust of the U.S. shale revolution. Starting in 2006, U.S. gas supply grew 28 BCFD (44 percent), including explosive growth in Arkansas (341 percent), West Virginia (449 percent) and Pennsylvania (2,579 percent). In...
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Chesapeake Is An 'Expiring Option' On The Commodity Price Rebound, Warns Bernstein
Tuesday, November 3, 2015 - 10:16am | 299Read More...Chesapeake Energy Corporation (NYSE: CHK) shares have been treading a downward path in 2015 and are down 62 percent year-to-date. Bernstein’s Bob Brackett downgraded the rating on the company from Outperform to Market Perform, while reducing the price target from $18 to $9....
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The Company That 'Invented' Shale Gas Might Surprise You
Thursday, October 1, 2015 - 9:43am | 430Read More...Devon Energy Corp (NYSE: DVN) shares are down 35 percent since July 2, and are trading close to the lower-end of their 52-week range of $36.01 - $70.48. Bernstein’s Bob Brackett upgraded the rating on the company from Market Perform to Outperform, while reducing the price target from $...
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'Light At The End Of The Decade' For Natural Gas
Monday, July 27, 2015 - 7:25am | 444Read More...In a new report this week, Bernstein analyst Bob Brackett spelled out the firm’s long-term outlook for natural gas stocks. While Brackett believes that natural gas is in for several more years of depressed prices, he also discusses what could be the “light at the end of the decade...
