iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,474 Blog Posts

Goldman Turns Positive On Oil Stocks

Who knows what these people are up to? Some of you actually believe the analysts say the opposite on purpose, just to gain an edge on an unsuspecting public. Fucking conspiracy theorists.

At any rate, with the recent rebound in crude, analysts have become much more sanguine about the oil sector. This morning, Goldman upgraded a slew of companies, suggesting the worst is behind us and there are nothing but cotton candy clouds ahead.

They upgraded OII, FTI, WFT, OAS, CRZO, RSPP and APC. They did, however, downgrade HP.

HP likely told them to fuck off, when asked about doing a secondary for them.

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7 comments

  1. razorsedge

    Amazingly where I live , business is booming. My son says in oaho there building 4000 more homes. Gasoline use is up compared to last year. So have we turned the corner?

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  2. t.c.

    Carson endorses Trump. He’s unstoppable.

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  3. toad37

    On Feb 11th JPM trotted out one of their goons to say buy volatility.

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    • anjing bau

      Yep GS would NEVER lead the muppets the wrong way.. they are an altruistic wall street entity…../lol

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  4. blahblahblah

    lolz long OAS

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  5. margin call

    And USDCAD tanks some more.

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