US energy companies are higher as Mizuho raises its price target based on forecasts of high oil prices – 05/13/2024 at 2:06 p.m.

US energy companies are higher as Mizuho raises its price target based on forecasts of high oil prices – 05/13/2024 at 2:06 p.m.
US energy companies are higher as Mizuho raises its price target based on forecasts of high oil prices – 05/13/2024 at 2:06 p.m.

((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

May 13 – **US energy companies rise slightly premarket as Mizuho raises price target

** “Overall, we see strength in global oil prices in the near term, given increased non-OECD demand and more modest gains in supply (particularly OPEC’s reserve capacity ),” Mizuho analysts say in a note

**The brokerage says that although natural gas prices have been weak this year, based on their supply and demand outlook, they see more bullish inventory changes for the rest of the year. year 2024 and in 2025.

** They add that the possibility of stronger domestic demand in the United States, driven by electricity generation, offsets delays in LNG projects and potential competition from international LNG.

Company Current PT Previous PT

ConocoPhillips $142 $139

COP.N

Diamondback $226 $217

Energy FANG.O

Exxon Mobil $128 $125

XOM.N

Chevron CVX.N $205 $200

EQT EQT.N $45 $43

Chesapeake $111 $101

Energy CHK.O

-

-

PREV Steve Albini is dead, musical intransigence loses a master
NEXT a 3-year-old child died of cholera, the first death since the start of the epidemic