Sign in to follow this  
Followers 0
TS

Goldman Bullish on Conoco, Chevron, Suncor for 2018

Recommended Posts

Goldman likes Conoco Phillips (NYSE:COP) for 2018 for the free cash flow. Goldman just upgraded COP from 'neutral' to 'attractive'. Overall, Goldman is looking at cumulative free cash flow for North American oil majors, and see a bigger upcycle for 2018-2022 than 2009-2013, even though we're looking at around $57 per barrel for Brent in this cycle, compared to $95 in the last one. Not sure I'm buying ... 

Share this post


Link to post
Share on other sites

Chevron also generated free cash flow in the first nine months of this year ... so I see the trend here. 

Share this post


Link to post
Share on other sites

Definitely like Chevron better--great balance sheet and low debt. 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  
Followers 0