Tuesday, April 30, 2013

For Investors Only: Jeffries Oil and Gas Picks

247WallStreet is reporting Jeffries oil and gas companies list:

Chesapeake leads the list.

Bakken-centric companies on the list:
  • CLR
  • EOG
  • Oasis
For Oasis:
Oasis Petroleum Inc. is another Bakken shale success story. This is clearly evidenced by looking at production, which grew 82% year over year, while reserves have grown at a compound annual rate of 121% since 2009. The Jefferies target is $50. The consensus target is $44.
For EOG:
EOG Resources Inc. makes the list and looks to be on the path to super major status. The Jefferies price target for this top name is $155. The consensus target is $148.75.
Jeffries comments regarding CLR are most interesting.

Disclaimer: this is not an investment site. Do not make any investment decisions based on what you read here or what you think you're read here.

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