March 15, 2019 / 7:09 AM / a year ago

BUZZ-U.S. energy sector: Focus likely on oil majors, midstream cos till FCF improves - Goldman Sachs

** Analysts at Goldman Sachs say investors may prefer major cos in the U.S. energy sector, midstream stocks until explorers and oil services cos’ quarterly free cash flows (FCF) move to the upside of consensus

** Broker says for oil services the focus remains on the recovery offshore, while North American land remains challenged in a note published following a conference it held attended by 23 managements of cos across sector

** Says BP, Baker Hughes a GE Co, ConocoPhillips and Encana Corp, all rated “buy,” are its best stock ideas in the sector

** BHGE is well positioned for the expected growth in LNG sanctioning which should increase to ~100 Mtpa over the next 12-18 months - GS

** Larger producers appeared more confident that a combination demand along with OPEC retaining supply cuts would be a near-term positive for oil prices, GS says (Reporting by Karina Dsouza)

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