Oil & Gas: Independent and Major Integrated

January 29, 2016

Buy ($175)

Companies covered: Spectra Energy Corp (NYSE:SE), UGI Corporation (NYSE:UGI), BreitBurn Energy Partners, L.P. (NASDAQ:BBEP), Vanguard Natural Resources LLC (NASDAQ:VNR), Rice Midstream Partners LP (NYSE:RMP), Sprague Resources LP (NYSE:SRLP), NGL ENERGY PARTNERS LP (NYSE:NGL), CrossAmerica Partners LP (NYSE:CAPL), AmeriGas Partners, L.P. (NYSE:APU), Spectra Energy Partners, LP (NYSE:SEP), Gastar Exploration Inc. (AMEX:GST), Canadian Natural Resources Limited (NYSE:CNQ), Encana Corporation (NYSE:ECA), Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX), Cenovus Energy Inc (NYSE:CVE), Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR), Anadarko Petroleum Corporation (NYSE:APC), Apache Corporation (NASDAQ:APA), ConocoPhillips (NYSE:COP), Devon Energy Corporation (NYSE:DVN), EOG Resources, Inc. (NYSE:EOG), Hess Corporation (NYSE:HES), Marathon Oil Corporation (NYSE:MRO), Murphy Oil Corporation (NYSE:MUR), Noble Energy Inc. (NYSE:NBL), Occidental Petroleum Corporation (NYSE:OXY), Pioneer Natural Resources Company (NYSE:PXD), California Resources Corporation (NYSE:CRC), Newfield Exploration Company (NYSE:NFX), Bonanza Creek Energy, Inc. (NYSE:BCEI), Kosmos Energy Ltd. (NYSE:KOS), Laredo Petroleum, Inc. (NYSE:LPI), Apple Inc. (NASDAQ:AAPL), Continental Resources, Inc. (NYSE:CLR), Cimarex Energy Co (NYSE:XEC), Concho Resources Inc. (NYSE:CXO), Parsley Energy, Inc. (NYSE:PE), PDC Energy, Inc. (NASDAQ:PDCE), RSP Permian, Inc. (NYSE:RSPP), Diamondback Energy, Inc. (NASDAQ:FANG), Energen Corporation (NYSE:EGN), EP Energy Corporation (NYSE:EPE), Cabot Oil & Gas Corporation (NYSE:COG), Eclipse Resources Corporation (NYSE:ECR), Gulfport Energy Corporation (NASDAQ:GPOR), Rice Energy Inc. (NYSE:RICE), Viper Energy Partners LP (NASDAQ:VNOM), SM Energy Company (NYSE:SM), ERHC Energy Inc. (OTCMKTS:ERHED)