Despite Tough Macros, Only Ultra, Gastar And Chesapeake Face Potential Credit Issues Before 2018

There’s no question it has been a tough couple of years for oil & gas E&P stocks, but a new report by Sterne Agee CRT analyst Tim Rezvan suggests that things may not be as bad as the market fears for many companies.

Rezvan sees battered stocks Oasis Petroleum OAS 11.52% and Whiting Petroleum Corp WLL 12.59% as extremely oversold at this point. After taking a close look at the liquidity positions of the E&P names under coverage, he concludes that only Ultra Petroleum Corp. UPL 20.1%, Gastar Exploration Inc GST 2.44% and Chesapeake Energy Corporation CHK 1.13% face…

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