HomeBusinessEnergyEnergy Picks: Pioneer Natural Resources (PXD) and Targa Resources (TRGP)
Energy Picks: Pioneer Natural Resources (PXD) and Targa Resources (TRGP)

Today's decline in crude is reflecting some optimism that the conflict between Ukraine and Russia might be getting closer to an end, says Stewart Glickman of CFRA Research. He looks to the crude futures (/CL) in 2023, and says you could lock in at about 83 dollars per barrel. He and Oliver discuss the new lockdowns in China. Stewart says that is a real risk factor. He said another new Covid variant could be a risk factor as well as what happens if oil goes above $120. He says that would cause a recession. He likes the stocks of Pioneer Natural Resources (PXD) and natural gas companies Targa Resources (TRGP) and Oneok (OKE). Tune in for the details.

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14 Mar 2022

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