Edward Westlake

Noting that management was outperforming macro concerns, Credit Suisse’s Edward Westlake stated that Anadarko Petroleum Corporation’s (NYSE: APC) future investment profile is based primarily on its “competitively advantaged positions” in Delaware, Wattenberg and Gulf of...

Although Marathon Oil Corporation (NYSE: MRO) has made the right moves and executed well, looking at companies across the large cap E&P space and considering their well performance relative to expectations, “we continue to see more momentum in the purer play Permian names,” Credit...

Shares of Continental Resources, Inc. (NYSE: CLR) have gained 88 percent year-to-date. Credit Suisse’s Edward Westlake initiated coverage of the company with a Neutral rating and a price target of $43. The analyst commented that in case everything goes by plan, the oil market should...

Anadarko Petroleum Corporation (NYSE: APC) shares have gained 12 percent since April 5. Credit Suisse’s Edward Westlake downgraded the rating for the company from Outperform to Neutral, while maintaining the price target at $55. Although Anadarko Petroleum had managed its debt maturities...

US independent refiners reported weak 1Q earnings. Credit Suisse’s Edward Westlake mentioned that tight butane blending spreads and stock specific maintenance are expected to have a negative impact on the already weak performance of US independent refiners in 2016. Analyst Edward Westlake...

Amid volatility, shares of Chevron Corporation (NYSE: CVX) have lost 4 percent since January 4. Credit Suisse’s Edward Westlake maintained a Neutral rating for the company, while raising the price target from $83 to $84. The company’s cash flow generation is insufficient to...

Phillips 66 (NYSE: PSX) shares have climbed 14 percent in the past one month, while shares of Chevron Corporation (NYSE: CVX) are up 16 percent. Credit Suisse’s Edward Westlake downgraded the rating on Edward Westlake Phillips 66 from Outperform to Neutral, while raising the price...

In a report published Monday, Credit Suisse analyst Edward Westlake reiterated an Outperform rating on Phillips 66 (NYSE: PSX), and raised the price target from $85.00 to $100.00. In the report, Credit Suisse noted, "PSX shares underperformed the sector late last year on the oil sensitivity of its...

In a report published Thursday, Credit Suisse analyst Edward Westlake reiterated an Underperform rating on Exxon Mobil Corporation (NYSE: XOM), and raised the price target from $82.00 to $85.00. In the report, Credit Suisse noted, "When we introduced the ‘Exxon/Volcker Rule,' we reprised 2010 work...