Parsley EnergyPEPAST TOP PICKAug 17, 2018Stock price when the opinion was issued
As of Jan 12, 2021. Market Open.
US oil stocks He holds 80% Canadian oil and 20% American, and those are two American stocks: Parsley and WPX-N. Good assets, better than peers. If you want American oil, but not Exxon Mobile, looks at these two.
At an $11 billion market cap, it is consider a mid-cap in the US. A Permian play producer, who can likely increase production by 20% per year for the next 7-10 years. It is inexpensive, when considering Midland Texas differentials are expected to narrow back in beginning next year. This could be an acquisition target in the future. Yield 0%. (Analysts’ price target is $41.44)
(A Top Pick September 15/17 Up 10%). There is consolidation going on in the Permian basin and he expects this could be the next target sometime early in 2019. You could see valuation near $45. He was buying more early this week.