As concerns about global energy supply returned to focus last week, Goldman highlighted six oil and gas topics it said looked appealing at the end of the year. The investment bank said the “sweet spot” for energy reserves is around $90 per barrel for Brent, over the long term. Brent crude oil futures are currently hovering around the $90 mark, trading at $90.71 a barrel on Friday. “If we can average that better over the next 5-10 years, Energy stocks could recover some of the lost performance,” Goldman analysts wrote in a September 6 note. in a decade”. Energy stocks have fallen this year, despite broader market volatility. Energy is one of only two sub-sectors – the other being utilities – in the S&P 500 that will be in the black so far in 2022, according to FactSet. Read more Positioning for a ‘bullish shock’ to the oil market? This is a Uranium cash strategist’s top stock that is ‘down in price’ right now. Here’s Two ETFs To Play It This chip stock has convincingly beat its peers this year – and analysts say it could go even higher. Goldman says it sees a total return of 15% on large-cap stocks in its oil and gas coverage. In particular, it points to a number of oil stocks that it considers to have attractive total future returns. Those include oilfield services company Schlumberger, with a price target of $46, 20% upside potential, and Diamondback Energy, with a $155 price target, or 17% upside potential. Six oil and gas topics – and Goldman Securities also listed six oil and gas topics it considers attractive, with related large-cap stocks ranked buy by topic. 1. US and Global Gas: It says that natural gas will be the “core part” of the energy eco-system over the next decade. Stock picks: EQT Corporation ($53 price target, or 12% gain) 2. Strong free cash flow generation should help with continued returns, Goldman said. Stock picks: Cenovus Energy ($24 price target, or 35%) 3. Global diesel: Goldman predicts the diesel market will tighten over the next six months. Stock Picks: ExxonMobil ($112 price target, or 18% gain) 4. Companies with a “significant energy transition story.” Stock Picks: Quanta Services ($150 price target, or 2% gain) 5. Energy security: Goldman says it sees a “significant shift” in energy spending on a multiple basis years to meet long-term needs. Stock pick: Halliburton Company (target price is $37, or up 30%) 6. Upstream growth projects “are not appreciated,” Goldman said. Stock Pick: Hess Corporation ($139 price target, or 18% upside)