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WPX Energy (WPX -4%) weighs on the energy sector, as Barclays downgrades shares and cuts...

  • Monday, July 2, 2012, 1:01 PM ET
    WPX Energy (WPX -4%) weighs on the energy sector, as Barclays downgrades shares and cuts its price target to $19 from $24. The firm also cuts Devon Energy (DVN) and Forest Oil (FST) to Equal Weight, lowers Ultra Petroleum (UPL), Quicksilver (KWK) and Penn Virginia (PVA) to Underweight, and upgrades Pioneer Natural (PXD) and Concho (CXO) to Overweight.
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    Long term all these shares are likely winners if you ask me, inflation will ultimately arrive and commodities are fixed in supply..I am long CXO and DVN
    2 Jul 2012, 02:15 PM Reply Like
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