Citi suggests six stocks in an NGLs rebound: RRC, XEC, MRD, PXD, AR, NFX

• Natural gas liquids could rebound in 2016 after a tough 2015, boosting stocks such as Range Resources (NYSE:RRC), Cimarex Energy (NYSE:XEC), Memorial Resource Development (NASDAQ:MRD), Pioneer Natural Resources (NYSE:PXD), Antero Resources (NYSE:AR) and Newfield Exploration (NYSE:NFX), Citigroup analysts say.
• U.S. propane inventories and exports both rose to hit record highs at the end of 2015, but Citi believes a continued increase in exports through 2016, along with slowing production, will serve as a release valve to help clear an oversupplied domestic propane market.
• Although the price of both propane and ethane remain low, Citi sees visibility on an NGL price recovery in 2016, driven by a rebound in propane and butane prices, but not necessarily ethane, and reinforced by the firm’s forecast for a more balanced global oil market in H2 2016.