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Fly News Breaks for March 18, 2016
NFX, NBL, MRD, CXO
Mar 18, 2016 | 07:58 EDT
RBC Capital expects oil markets to improve into 2017, and it advocates that investors increase their exposure to U.S. E&P stocks, although it warns that the space "could remain rocky" in the near-term. The firm identifies the following companies as its top ideas in the space, saying that they have," strong balance sheets and compelling growth and value:" Concho Resources (CXO), * Memorial Resources (MRD), Noble Energy (NBL), and Newfield Explorations (NFX). It initiated coverage of Noble Energy and Newfield with Outperform ratings today.
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