FAR Remains RBC's Top Energy Pick -- Market Talk

Column 1

0

Column 1 0 Column 1 0 Column 1 0 DJ FAR Remains RBC's Top Aussie Energy Pick -- Market Talk 0232 GMT [Dow Jones] RBC Capital Markets makes the case for cautious optimism toward global energy stocks in 2016, arguing for a defensive posture until midyear and then a pivot toward stocks anchored by strong balance sheets, solid executive capability and cost advantages. In Australia, RBC's least favored pick remains Woodside (WPL.AU), an oil and gas firm, given limited options for "organic" growth, the weak current liquefied natural gas market and the high costs of a project to develop liquefied natural gas off Western Australia. Its preferred pick in Australia is the oil and gas explorer FAR (FAR.AU), since an offshore project in Senegal should offer catalysts for the shares in an environment where few companies are investing in offshore exploration and appraisal. FAR shares are now down 2.9% at A$0.066, while Woodside is up 1.2% at A$27.08. ([email protected]; Twitter: @RobbMStewart) Editor JSM (END) Dow Jones Newswires December 20, 2015 21:32 ET (02:32 GMT) Copyright (c) 2015 Dow Jones & Company, Inc. Monday 21 December 2015 13:32:00.000 AEST

[/table][/table][/table]

News Story: FAR; WPL - DJ FAR Remains RBC's Top Aussie Energy Pick -- Market Talk