Who's the Better Trader?

研报英文原文证据摘录

Who's the Better Trader?

Global | Energy EquityMayResearch17, 2026

KEY STOCKS FEATURED INCLUDE:Who's the Better Trader?

Who's the better trader? Looks like China! Duration & storage provide TICKER RATING PRICE TARGET

competitive edge. Also within we cover comments by CLR CEO Doug Lawler, FANG HOLD $200.00

with insight around incremental rig additions (Ex 4), Barnett and Woodford APA HOLD $36.00

drilling results and the potential for international shale. Finally, we cover DVN BUY $63.00

company specific commentary on OVV, FANG, VNOM & DVN. COP BUY $161.00

EOG BUY $170.00

Why Hasn't Oil Forced Resolution Concerning the "Strait"? The obliqueness of the oil market always

confounds investors, driving the constant question, "What is it that we don't know?" The Strait

has been closed for 77 days and while the Dated Brent Oil price is north of $112/bbl, it still isn't KEY CHANGES INCLUDE:

forcing a resolution… yet. We hear all the rationalizations around secondary & tertiary storage draws,

demand destruction, market manipulation and/or fear of a new investment cycle. They all probably TICKER RATING PRICE TARGET

contribute to the shape of the oil curve. But one of the biggest swings has to be China. They are DVN BUY $63.00 ($62.00)

proving to be one of the world's greatest traders (Ex 1). With that said, with each passing day the

COP BUY $161.00 ($160.00)

pressure is rising, and the level of post conflict inventory refill growing.

Exhibit 1 - China Taking Advantage of the Volatility - Duration & Storage Provide Edge

Upcoming Events:

May 18: 10:00am ET - JEDI – Trades,

ME conflict, Refining, COP, OVV, ITH, VK,

CADLR – Register

June 9-11: Jefferies Energy Conference

– Kiawah Island, South Carolina –

Clients Registration Link – Participating

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