Strong buy energy stocks
Oil prices have been depressed for more than two years, but the International Energy Agency predicts that the oversupply will end in late This should boost the price of oil.
You can find some very strong energy companies for by looking for two characteristics: These 5 public companies show promise for growth in the remainder of , based on quarterly income growth and revenue momentum. In addition, these companies have made significant moves to acquire assets that can produce profits going forward. All figures are current as of June 20, EOG Resources EOG has taken a unique stance.
The company focuses on premium sites, meaning sites that are highly productive while costing less to operate. EOG gained acreage in by acquiring Yates Petroleum.
This gave EOG a strong presence in the Delaware Basin. In addition, the company has been selling low-quality acreage. EOG has been paring its income losses steadily for the past four quarters, and showed positive operating income in its last quarterly report. It currently pays a dividend of 0. EOG Resources Set to Shine in Its history alone is stellar—more than 30 years of growing its dividend , which currently pays 3.
This could make it a relative bargain right now. Exxon also agreed to acquire InterOil in This will give the company a presence in Papua New Guinea. Enbridge ENB is not an oil driller. As a pipeline company, it is less susceptible to the ups and downs of oil prices. This means Enbridge will get paid no matter what oil prices do. Its merger with Spectra Energy SE in made ENB the biggest oil infrastructure company not just in the United States, but in all of North America.
Atwood Oceanics ATW saw a surge in its stock price in December ATW makes its living drilling in the ocean.
It contracts with oil companies who want rigs offshore. This has been the hardest-hit area in the energy sector as oil prices remained low, because oil companies couldn't predict a decent return on investing in expensive ocean drilling.
If oil prices rise, ATW is poised to rebound. As for new assets, ATW is constructing two drillships for ultra-deepwater drilling.
Comstock Resources CRK has positioned itself to increase revenues in through a joint venture with USG Properties Haynesville. CRK gained access to 3, acres in the deal. It will have a In addition, it can obtain an additional This is a relatively low-cost way to boost revenues.
2 Energy Stocks I'd Buy Right Now -- The Motley Fool
Comstock Expands Potential Revenue Base. Perhaps most promising, Comstock has suggested that additional acreage is being discussed for future deals. The company has been reducing its income losses in recent quarters, and this deal is likely to provide the income boost the company needs.
Choosing the top 5 stocks in energy involves looking at more than past history at this point. Though a stalwart like Exxon can provide stability, it is a good idea to include stocks that have been unfairly punished by depressed oil prices. This group offers onshore drilling, offshore drilling, infrastructure and value plays as a way to profit from energy in The most profitable approach may be to create an energy portfolio that is diversified in a similar manner to this list.
If the International Energy Agency is correct, oil prices could rise sharply at the end of The market tends to price in such moves at least 6 months in advance, so now is the time to consider the best players in the oil patch. Dictionary Term Of The Day. A measure of what it costs an investment company to operate a mutual fund. Latest Videos PeerStreet Offers New Way to Bet on Housing New to Buying Bitcoin?
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Sophisticated content for financial advisors around investment strategies, industry trends, and advisor education. The 5 Best Energy Stocks for XOM, EOG By Kevin Johnston Updated June 20, — 5: EOG EOG Resources EOG has taken a unique stance.
EOG has all the fundamentals in place to be a winner for , especially if oil prices climb.
Some oil stocks that have been struggling look like they could dominate in EOG Resources could be setting up to rise if oil prices will get off their roller coaster. Among all the oil breakouts, EOG may be the one to watch. EOG has declined since its early-December breakout, and has given back all of its gains. EOG has raised its oil production estimates for the period through Good companies like EOG Resources struggle against depressed oil prices.
10 Bargain Energy Stocks You Can Buy Cheaper Than Insiders Did - Slide 1 of 10
Is there a rational plan for getting into EOG? To everyone's surprise, EOG found potential income-producing premium sites in the Delaware Basin.
Is now the time to buy battered energy stocks? - MarketWatch
Right now, profit-taking and pessimism are driving the stock down. Discover how OPEC, demand and supply, natural disasters, production costs and political instability are some of the major Learn whether the stock market and oil prices will continue their highly correlated price relationship or decouple again Learn what unique risks are present for investment in the energy industry specifically affecting companies working in oil Learn about what happens to gasoline price when room to store oil runs out and whether this creates a good situation for XOM , EOG , ATW , CRK , ENB.
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