Bank of America has a "buy" rating for NBL stock, and its $64 price target implies more than 100 percent upside. California Resources Corp. ( CRC ) California Resources owns oil and gas assets throughout California that produce 140,000 barrel of oil equivalents (BOE) per day. Leggate says oil prices of at least $65/bbl should enable the company to grow annual production between 3 and 5 percent. He is cautious about California Resources' leverage, but says there is minimal risk of a liquidity squeeze given the company's next major credit event won't take place until 2021. Bank of America has a "buy" rating for CRC stock, and its $70 price target implies more than 40 percent upside. Newfield Exploration Co. ( NFX ) After Newfield Exploration disposed of most of its offshore and international assets, roughly 508 million BOE of its remaining 513 million BOE in proved reserves are now in the U.S. market.