VBIN's oil stock thread.

[rnsmth]

Link to the article below. Of the five upgraded I own one, EOG

Article headline: Five energy names raised, three cut at BofA in pivot to gas, defensive value

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Several oil and gas producers are now trading below fair value, Bank of America said Tuesday, seeing new opportunities to selectively re-engage in the sector, especially with exposure to an improved outlook for long-term for long-term U.S. natural gas.

BofA bumped Southwestern Energy (NYSE:SWN) +5.7%, Ovintiv (NYSE:OVV) +4.8%, ConocoPhillips (COP) +3.8%, EOG Resources (EOG) +3.6% and Canadian Natural Resources (CNQ) +2% to Buy from Neutral, seeing outperformance in the sector coming from gas exposure as well as the ability to withstand inflation.

But the firm also sees a "bifurcated" energy market, which led to downgrades on inflation concerns and looming tax bills for California Resources Corp. (NYSE:CRC) -2.9%, Denbury (DEN) +0.1% and Pioneer Natural Resources (PXD) +1.8%.

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https://seekingalpha.com/news/3858246-fi...3A92901710