Chevron among Credit Suisse's top energy picks for 2014

|About: Chevron Corporation (CVX)|By:, SA News Editor

With the threat of more supply hanging over the market, Credit Suisse narrows its list of top energy stock picks for 2014 to those that can truly have top upside gains in 2014.

Chevron (CVX) is the only major domestic integrated on the Credit Suisse list; it may be looking to expand domestic production by acquiring one of the top E&P stocks, CS says.

Phillips 66 (PSX) and Tesoro (TSO) are the firm's best-liked refiners.

The firm's three favorite E&P names - PDC Energy (PDCE), Diamondback Energy (FANG) and EOG Resources (EOG) - were all considered takeover candidates during 2013.

Among oil services companies, the firm thinks Halliburton (HAL) is making a strong comeback in the North American drilling market.

Offshore driller Rowan (RDC) should roughly double its EBITDA in two years, CS says.