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Borkhataria of RBC Capital on the upgrade of Chevron

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Biraj Borkhataria, co-head of European Energy Research at RBC Capital Markets, joins 'The Exchange' to discuss his call on Chevron and what to expect from natural gas markets this winter. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

Shares of the energy giant advanced more than 1% after RBC upgraded the company to an outperform rating. The firm said Chevron can benefit from “a strong commodity cycle over the coming years,” adding that the company has “much more stability in its portfolio than peers.” RBC believes shares can jump nearly 25% from Tuesday’s closing price. Other names in the industry also advanced on Wednesday, with Devon Energy, Diamondback Energy and Baker Hughes all adding more than 3%.

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By: CNBC Television
Title: RBC Capital's Borkhataria on upgrading Chevron
Sourced From: www.youtube.com/watch?v=VcgrcV84ku8

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