Goldman Sees These 3 Areas Leading The Oil Market Recovery

Brent crude oil prices topped $50/bbl on Thursday for the first time in nearly seven months, providing further evidence that the oil market has found its bottom for this cycle. Now that the market appears to be stabilizing, investors are shifting their focus to which stocks will be the best performers throughout the recovery.

According to Goldman Sachs analyst Waqar Syed, the firm is targeting three areas: U.S. shale, Mideast OPEC and Brownfield development.

Syed believes Mideast OPEC producers have the advantage of running the industry’s lowest-cost operations. U.S. shale will be the global supplier of marginal non-OPEC oil. Finally, Brownfield oil typically falls low on the cost curve and could be an economical option for E&Ps looking to offset natural production declines.

A Few Stock Picks

For investors, Goldman names…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common SenseI don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!