Goldman: downgrades CVX to sell, prefers buy-rated XOM; VLO, MPC

20.05.2015 / 19:51

Rating:

Goldman global energy team releases annual review of world’s largest energy projects, extends analysis of new legacy assets to 420 projects vs prior 400.

* Highlights 6 shale oil winners: CLR, EOG, PXD, COG, CXO, RRC

* Henry Tarr, in Europe Integrated Oil note, downgrades sector rating to cautious vs neutral on negative oil price view, potential div. risk; cuts BP and Statoil to sell and downgrades GALP and OMV to neutral

* Franklin Chow, in China note, says lower oil prices may fuel energy reform; reinstated SNP w/ buy (top pick), rates PTR buy

* Felipe Mattar, in LatAm note, cuts energy coverage view to cautious vs neutral; downgrades PBR and GTE to sell

* Neil Mehta, in Americas Majors & Refining note, PSX are top large cap refining picks

* Brian Singer, in Americas E&P note, maintains neutral sector view; upgrades CLF, NFX to buy and LPI to
neutral; cuts CHK, HES, RRC and Crescent Point Energy to
neutral; cuts MUR, GPOR to sell; initiates CRZO neutral,
Pavan Hoskote rates PDCE new conviction list buy

* Theodore Durbin, in Americas Pipeline and MLPs note,
keeps attractive sector view on midstream infrastructure
demand; downgrades LNG and TRGP to neutral, cuts
LINE/LNCO and NGLS to sell; upgrades CQP, HEP to buy

* Jerry Revich, in Americas E&C note, upgrades CBI to
neutral on higher market share related to incremental
LNG awards

* Jerry Revich, in Americas E&C note, upgrades CBI to
neutral on higher market share related to incremental
LNG

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Goldman: downgrades CVX to sell, prefers buy-rated XOM; VLO, MPC

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