Goldman Sachs Releases Latest "Oil Price Dividend" List: Nominates 10 "Oil Well" Bull Stocks, with Potential Upside of up to 37%

Goldman Sachs Group, Inc. stated that the high oil prices maintained by the Iran conflict are driving up oil-related stocks. Analyst Neil Mehta released a refined list on Monday, focusing on 10 stocks with a "buy" rating. He believes that these stocks still have above-average upside potential with Brent crude oil prices at $75 per barrel. Given the possibility of oil prices staying above this level in the short term, the performance of these stocks may explode like "gushers" as investors position themselves for huge profits. Mehta explained, "Our list reflects four key themes," "Firstly, a long-term bullish view on oil (normalizing Brent crude oil price at $75 per barrel), which supports the long-term inventory value of global oil/service companies such as ConocoPhillips (COP.US), Cenovus Energy (CVE.US), and Halliburton (HAL.US). Secondly, given the valuation risk/return, a more positive bias towards U.S. exploration and production companies, including top performers like Ovintiv (OVV.US), Permian Resources (PR.US), and EQT Corporation (EQT.US)." He added, "Thirdly, optimism about the electrification theme and future utility capital expenditure, including Power REIT and Vistra Corp (VST.US). Fourthly, some undervalued, uniquely themed small-cap stocks, where we see upward potential at current price levels for Par Pacific (PARR.US) and Golar LNG Limited (GLNG.US)." Mehta stated that these 10 "buy" rated stocks have at least a 20% upside potential from current levels. Vistra has been given the highest upside potential, reaching 37%. Goldman Sachs Group, Inc.'s call for oil stocks comes at a time when the global oil market is in turmoil. Over the past five days, as markets reacted to changes in the political situation in the Middle East, oil prices experienced a volatile period of "relief rebound followed by a retreat." After reaching highs near $120 per barrel during the "Epic Fury" peak, oil prices plummeted at the beginning of last week. With the announcement of a temporary ceasefire agreement, WTI crude oil fell by approximately 13%, and Brent crude oil dropped to around $94.26 on Friday evening. However, this downward trend reversed again today due to the breakdown of high-level peace talks over the weekend. Additionally, President Trump's order to blockade Iranian trade through the Strait of Hormuz has now taken effect. On Monday, oil prices surged to $103 per barrel.