Energy Prospectus

This morning I received a fresh report from our friends at Stifel with their updated price targets for the Upstream Oil & Gas Companies that they follow. They don't cover all of the companies in our three model portfolios.

Stifel's Price Targets for companies in our Sweet 16:
CLR = $22.00
CXO = $74.00 < Concho was recommended by Goldman Sachs this morning.
EOG = $66.00
EQT = $8.00
FANG = $95.00
PE = $16.00
PXD = $130.00
XEC = $47.00
CPE = $1.10
MTDR = $8.00
PDCE = $22.00
RRC = $6.30
CRK = $13.00
Stifel does not cover ESTE, OVV or TALO

Stifel's price targets for companies in our Small-Cap Growth and High Yield Income portfolios:
DNR = $0.30
SM = $4.00
GPOR = $0.40
BSM = $12.00
VNOM = $23.00
AR = $3.60 < here because AR is the parent of AM
OAS = $1.30 < here because OAS is the parent of OMP

Talos Energy (TALO) should get a revenue boost from this:

Oil groups boosted by cuts to US royalty rates during pandemic . Financial Times
"Oil and natural gas companies that drill on US government-owned land are spending less for access after the Trump administration invoked the coronavirus crisis to slash the royalties they pay. About 300m barrels of the US’s 4.5bn barrels of oil production last year came from wells on federal lands, while another 700m barrels was pumped in offshore federal waters."