After a terrible sale in November, West Texas Intermediate crude oil has surpassed $ 75 a barrel and appears to be heading towards $ 80 as OPEC has given all indications that it will maintain current production levels to protect that 75 $ and more. price point. While all of the Gulf of Mexico’s closed production has returned to 100% since Hurricane Ida, producers in the Permian Basin have continued to monitor their production levels as free cash flow is now the watchword for growth. the production.
Many leading oil strategists on Wall Street are warning that severe shortages of oil and natural gas could occur in 2022. Goldman Sachs recently noted that oil could hit $ 100 a barrel as demand could hit a new high over the next two years. . Goldman Sachs analysts predict a new peak in oil demand in 2022 and again in 2023. International benchmark Brent and US crude prices topped $ 80 ahead of the November sale, as demand continues to exceed the supply.
We sifted through our 24/7 database in Wall St. for the best dividend-paying energy stocks rated Buy Big Wall Street Companies and found four that are cheap and have serious upside potential. While our focus is on companies rated Buy, it is important to remember that no analyst report should be used as the sole basis for any buy or sell decision.
It is one of the first integrated European oil giants, and Goldman Sachs is very positive on equities. BP PLC (NYSE: BP) is engaged in the energy industry around the world. It produces and markets natural gas; offers biofuels; operates onshore and offshore wind and solar power generation facilities; and provides decarbonization solutions and services, such as hydrogen and carbon capture, use and storage.
The company is also involved in the Convenience and Mobility segment, which manages the sale of fuels to wholesale and retail customers, convenience products, aviation fuels and Castrol lubricants. It is involved in the refining, supply and trading of petroleum products, as well as in the operation of charging stations for electric vehicles. In addition, it produces and refines oil and gas, and invests in upstream, downstream and alternative energy companies, as well as in advanced mobility, bio and low carbon products, carbon management, processing. digital, energy and storage areas.
Shareholders receive a return of 4.69%. Goldman Sachs’ price target for BP’s domestic stocks is $ 45, versus a consensus target of $ 34.17. Thursday’s final trade was reported at $ 26.69 per share.