Goldman tags WPX Energy as a Sell

|About: WPX Energy, Inc. (WPX)|By:, SA News Editor

Amid Goldman's considerable optimism over the Bakken shale play and others, the firm's lone Sell recommendation stands out like the skunk at a garden party: WPX Energy (WPX -1.1%).

The firm says WPX has a lower-than-average resource life in key shale plays, lacks scale in any of the top tier resource plays, has the lowest rate of cash return on capital invested, and its valuation implies underperformance in the next 12 months.