December 14, 2017 / 4:06 PM / 10 months ago

BUZZ-Goldman upgrades ConocoPhillips, Husky on strong cash flow view

** ConocoPhillips up ~1 pct, Husky Energy up 3.5 pct after Goldman Sachs upgrades oil and gas producers to buy and neutral, respectively

** “Our upstream coverage is well positioned to generate more free cash flow in 2018-2019 than at any time in recent history” - GS

** COP upgrade also reflects higher 2018 Brent oil outlook of $62 per barrel vs $58 per barrel - GS

** Broker expects HSE to be relatively sheltered from impacts of constraints in export pipeline capacity

** HSE up 1.3 pct YTD, COP up 4.5 pct (Reporting by Anirban Paul)

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