Goldman Sachs (NYSE:GS) lifted its view on the exploration and production sector today, from neutral to attractive, saying that natural gas prices are near a bottom, and that prices could hit $6 per thousand BTU’s before the end of the year.
Goldman put Southwestern Energy (NYSE:SWN) on its conviction buy list, saying it expects the company to show superior growth and returns. Southwestern announced an exploration program in New Brunswick, Canada over the weekend, its first venture outside the U.S.
Goldman upgraded Patterson-UTI Energy (NASDAQ:PTEN) from sell to neutral.
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