Pioneer has a “strong cash flow visibility from a good hedge portfolio,” he added. “They’re in a few high-profile basins in Texas,” specifically the Eagle Ford Shale and Permian basin fields.
One of his smaller picks, Gulfport Energy, has “one of the highest exposures to the Utica Shale in Ohio, a really up-and-coming gas play there,” he said. The company has “a clean balance sheet and it has some noncore assets they can monetize over the next couple of years.”
The final pick, Berry Petroleum, is a diversified offshore oil producer with large steamflooding oil operation in California, he said.
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Disclosure information was not available for Tim Rezvan or his company.