Wrap – Year Ended 2018

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May your 2019 year in energy be a good deal better than 2018.  Thanks for your support. 

Want to know more about the site? Contact us at zman@zmansenergybrain.com 


The Blotter is updated. 

Questions and comments under The Wrap will be addressed in Wednesday's post. 


6 Responses to “Wrap – Year Ended 2018”

  1. 1
    zman Says:

    Wednesday's post – 2019 Gassy Thoughts. 

  2. 2
    Baylor Says:

    COG approaching multi year lows again. Been a pretty clockwork trade


  3. 3
    brodway Says:


    being careful with this weather being way too mild for the season…if there are no significant draws from storage until we hit Spring, you may get a better opportunity to enter the name

  4. 4
    Viper1 Says:


    Cabot Oil & Gas upgraded to Buy from Hold at Jefferies

    Jefferies analyst Zach Parham upgraded Cabot Oil & Gas to Buy and raised his price target for the shares to $29 from $25. The company is well positioned to generate free cash flow in 2019 and beyond as it benefits from potential upside to gas prices given its largely unhedged position, Parham tells investors in a research note. He estimates Cabot's strip free cash flow yield at ~6% and ~5% in 2019 and 2020, respectively, near the top of his coverage universe. The analyst says Cabot will generate free cash flow at gas prices as low as $2.25 and is his top pick for natural gas exposure.

  5. 5
    Viper1 Says:

    TODAY, JANUARY 07, 2019


    Range Resources cut to Market Perform at BMO Capital on lower oil price view

    As reported earlier, BMO Capital analyst Phillip Jungwirth downgraded Range Resources to Market Perform from Outperform and lowered his price target to $14 from $25. The analyst cites his reduced oil price expectation of $50 per barrel in 2019 – down from $67 prior forecast – stating that the change skews his risk-reward assessment toward neutral. Jungwirth adds that investors will likely "continue to avoid natural gas-leveraged equities" and, in spite of his forecast of debt-adjusted growth for Range Resources, sees its net asset value as "highly levered to long-term natural gas prices."


  6. 6
    Viper1 Says:


    Continental Resources upgraded to Outperform from Market Perform at BMO CapitalDiamondback Energy upgraded to Outperform from Market Perform at BMO Capital

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