Tag Archives: Goldman and Sachs

OIL: Exciting Guyana prospects needed to rescue Exxon’s shareholders – Analysts

Goldman and Sachs, which is headquartered in New York City, has established a reputation for being one of the largest investment banks in the world. It is also well known as the white knight of the financial services industry as it provides shareholders, investors and billion-dollar firms with advice on which stocks are best to buy and at what time.

One of the companies it monitors closely is ExxonMobil which is the operator of the Stabroek Block in Guyana that currently holds over eight billion barrels of oil equivalent resources.

When analysts at the bank recently checked the financial health of the company, they told the market that ExxonMobil’s shares should be sold as quickly as possible.      Continue reading