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Goldman Upgrades Statoil, Bearish on Total
Thursday, March 18, 12:52 PM ET

Goldman Sachs (NYSE:GS) is making a few calls in the energy sector today.

Goldman upgraded Norway-based oil and gas company Statoil (STO) from neutral to buy, and even put the stock it on its conviction buy list.

Meanwhile, Goldman put France’s integrated oil company Total (TOT) on its conviction sell list.

Oil itself is trading lower by about .45 percent on Thursday.

Statoil shares are trading higher by almost half a percent, while Total shares are trading down a little over one percent.

A look at some of their big oil counterparts…Exxon Mobil (NYSE:XOM) shares are trading higher by over half a percent, while Chevron (NYSE:CVX) trades higher by nearly one tenth of a percent, and BP (NYSE:BP) trades higher by over half a percent.

For MarketNewsVideo.com, I'm Sayoko Murase.

Goldman Upgrades Statoil, Bearish on Total picture
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