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Allen Good, CFA

Allen Good, CFA, is a director for Morningstar.

More From Allen Good

Updating our model with this change, along with the latest oil and gas prices, results in a slight increase to our $30 fair value estimate.

We've raised our global consumption forecast for 2022, but our 2023 outlook is unchanged.

The strategy won't win praise from environmentally oriented investors, but Morningstar's analyst thinks it'll likely be more successful--and less risky.

The company left its larger financial targets in place. Our fair value estimate and narrow moat rating are unchanged.

Q2 brought improved earnings, a stronger financial position, and a brighter market outlook. Our fair value estimate and moat rating are unchanged.

More About Allen Good

Allen Good, CFA, is a director for Morningstar Holland BV, a wholly owned subsidiary of Morningstar, Inc. Based in Amsterdam, he covers the oil and gas industries. He is also chair of the Morningstar Research Services Economic Moat Committee, a group of senior members of the equity research team responsible for reviewing all Economic Moat and Moat Trend ratings issued by Morningstar.

Before joining Morningstar in 2008, he performed merger and acquisition advisory work for a middle-market investment bank. Before that, he spent several years at Black & Decker in various operational roles.

Good holds a bachelor’s degree in business from the University of Tennessee and a master’s degree in business administration from Kenan-Flagler Business School at the University of North Carolina. He also holds the Chartered Financial Analyst® designation.

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