Below are some of the most topical Oil & Gas Stocks on the BWI Shareholder Confidence Index based on our daily chats with global investors. In order to subscribe to the Brendan Wood TopGun Oil & Gas Network including the shareholder conviction intelligence on individual companies please contact Gordon Peck
EOG Resources
Investors in the BWI Panel continue to have declining confidence in the Strategy at EOG Resources. EOG becoming a ‘gassier’ company is not resonating well with investors, they also cite inventory concerns and the lack of M&A as detractors. Investors are looking for the company to do a deal and would rather them not become a more gas exposed company. Thus far in 3Q investor ownership conviction is weaker than its peers and broader sector.
ConocoPhillips
Investor Commitment to Own ConocoPhillips continues to be among the strongest in sector. Investors see Marathon Oil as a smart buy and are happy ConocoPhillips didn’t overpay. Some investors also think that ConocoPhillips may stand to benefit more than peers if there is a change in US government after the election this fall.
BP PLC
BP PLC continues to remain a topical name to Energy Investors in the BWI Panel due to its turnaround efforts. However some investors would like more transparency. They say it is confusing and would like more clarity around the specifics. Although confidence in Strategy and Price Appreciation Potential are improving, confidence in Reporting and Disclosure has declined.
Veren Inc
Although Investor Confidence in Veren had been improving over the last year, thus far in 3Q the upward momentum slowed. Formerly Veren had the reputation amongst investors as a ‘serial acquirer’. Investors now say the company has executed on integrating these deals well, and has since maintained their discipline. BWI is looking into why the momentum has slowed and whether it has plateaued.
Largest Positive Changes in Confidence in Price Appreciation Potential (3Q 2024 As of Aug 16 vs. 2Q 2024)
Birchcliff Energy Ltd. +25%
ConocoPhillips +23%
Murphy Oil +15%
TotalEnergies +13%
APA Corporation +12%
About Brendan Wood International:
Brendan Wood International (BWI), formed in 1970, is a private advisory group which originates performance investigation programs in the capital markets. Relying on its real time intelligence, BWI advises public companies, institutional and activist investors, investment banks and broker dealers on strategy, performance and recruitment of TopGun talent. Big cap companies looking for comprehensive investor confidence data on their organizations are likely to discover that Brendan Wood partners consult with their investors non stop year round. There are 2000+ live consultations with investment professionals overseeing +/- $60 trillion invested in the +/- 1400 big cap companies on the BWI Index. Investors depend on BWI to quantify the demand side of the investment industry, including the name by name research sales and trading professionals who influence investor demand. The firm’s partners have formally presented at 1000+ C level strategy meetings and corporate off-sites in fifty cities. Brendan Wood founded the exclusive TopGun Club, a performance based institution.
Disclaimer:
We wish to emphasize that all reports, evaluations and assessments contained herein, represent Brendan Wood International’s subjective judgment and opinions, based on our years of experience and on information obtained by us in the course of our research. Much of the factual information contained in the reports has been obtained by us from third parties on whose responses we have relied in good faith, independent verification by Brendan Wood International being, under the circumstances, impossible. While we believe that you will find our reports to be an invaluable tool in formulating your own strategies and judgments, the foregoing should be borne in mind. This report is not meant as investment advice and should not be interpreted as advising on the value of a company’s securities, the advisability of investing in, purchasing or selling any company’s securities or any other conclusion relating to investment/divestiture of a company’s securities. Finally, this report is not intended as an offer or solicitation for the purchase or sale of any company’s securities.
Contacts:
Gordon Peck
Managing Director
Brendan Wood International
+1 416 924 8110
gpeck@brendanwood.com
Jordan Novak
Partner
Brendan Wood International
+1 416 924 8110
jnovak@brendanwood.com
Posted in Press Releases
|
You can follow any responses to this entry through the RSS 2.0 feed.
Both comments and pings are currently closed.
