24/7 Wall St. | Lee Jackson
Despite the ongoing slide in oil prices, analysts express optimism over producers in the Eagle Ford Shale including Sanchez Energy Corp.
A new report from SunTrust raises price targets on some of the leading stocks to buy that are focusing on the Eagle Ford formation in South Texas. The SunTrust team points out that even with prices declining, the best companies have reached what they call “shale scale” with very efficient operations that are providing highly economic returns. All these companies appear to really have hunkered down and avoided getting engulfed in the oil price decline. With solid balance sheets and very good forward prospects, they make sense for aggressive growth accounts looking to add independent E&P companies