OIL STOCKS FOR 2011
Here are some top picks for 2011 that we are very bullish on.
- Expect XOM to see lots of new business now with BP's problems. I think this is a good long-term anchor to any portfolio. Cheniere Energy, Inc. (LNG)-
Cheniere Energy, Inc. is a Houston-based energy company mostly engaged with LNG-related business. Chevron (CVX) -
Good overall play as they have very low exposure to refining while holding a stellar exploration portfolio. With rising oil prices this stock is a no brainer. Chevron also posses a solid 4% dividend yield and is currently trading at around eight times earnings. ConocoPhillips (COP) -
Holds a strong array of natural gas positions which could be the future of energy after the recent series of events. Adding to this they are strong globally and posses many valuable assets that will strengthen the companies prospects. Double Eagle Petroleum Co. (DBLE) -
Develops and transports oil and gas in the Rocky Mountain Region. They have current operations in prolific Rocky Mountain Basins including Green River and Washakie Basins. Endeavour International Corporation (END)-
Endeavour International Corporation is an independent energy company focused on the exploration, production and acquisition of energy reserves in the North Sea and United States. Linn Energy LLC (LINE)-
LINN Energy's mission is to acquire, develop and maximize cash flow from a growing portfolio of long-life oil and natural gas assets. LINN Energy is a top-20 U.S. independent oil and natural gas development company. Miller Energy Resources (MILL)-
Miller Energy Resources is a high-growth oil and natural gas exploration, production and drilling company operating in multiple exploration basins in North America. Miller's focus is in the Cook Inlet area in Alaska and in the heart of Tennessee's prolific and hydrocarbon-rich Appalachian Basin including the Chattanooga Shale. PetroBras (PBR) -
Love this stock however it has been the worst performing stock in Brail throughout the first half of the year due to capital problems and the BP Oil Spill. I feel this overhang has kept the stock low which presents a great buying opportunity as PBR continues to be under-valued when matched up against it's peers. My gut feeling is once these few issues are washed away this stock will rise. Petrohawk Energy Corporation (HK)
-Petrohawk Energy Corp. is a leading explorer and producer of natural gas in North America. We leverage our technical expertise in tight-gas and shale reservoirs to establish and develop large-scale operations in some of the fastest growing natural gas plays in the country. SandRidge Energy (SD)-
Located in Oklahoma City, Sandridge is an oil and gas company primarily focused on exploration and production. Sandridge owns and operates gas gathering and processing facilities, as well as CO2 treating and transport facilities. Suncor (SU) -
Refineries and Oil Drillers such as Suncor should succeed as many have been hit hard unfairly due to the BP crisis. I think this stock will be trading at around $40 a year from now supported by a solid dividend makes it an attractive investment. Vaalco Energy Inc. (EGY)
-Vaalco is a Houston-based independent energy company principally engaged in the acquisition, exploration, development and production of crude oil and natural gas. VAALCO's strategy is to increase reserves and production through the exploration of oil and gas properties with a high emphasis on international opportunities.
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Based upon industry standards, PUBLIC COMPANY's would be considered highly speculative. Important factors that could cause actual results to differ materially from those in the forward-looking statements are crude oil and natural gas prices; refining margins and marketing margins; chemicals margins; actions of competitors; timing of exploration expenses; the competitiveness of alternate energy sources or product substitutes; technological developments; the results of operations and financial condition of equity affiliates; the inability or failure of the company's joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company's net production or facilities or delivery/transportation networks due to war, accidents, political events, civil unrest, acts of God or crude-oil production quotas that might be imposed by OPEC (Organization of Petroleum Exporting Countries); the potential liability for remedial actions under existing or future environmental regulations and litigation; significant investment or product changes under existing or future environmental statutes, regulations and litigation; the potential liability resulting from pending or future litigation; the company's acquisition or disposition of assets; gains and losses from asset dispositions or impairments; government-mandated sales, divestitures, recapitalizations, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; PUBLIC COMPANY managerial errors made based upon the Company's limited experience and knowledge of the industry and regulatory risk as well as failure to meet PUBLIC COMPANY financial and contractual obligations. In addition, such statements could be affected by general domestic and international economic and political conditions. This list is limited and additional risk not mentioned may apply including unpredictable or unknown factors not discussed in this publication could also have material adverse effects on forward-looking statements.
U.S. Securities and Exchange Commission (SEC) rules permit oil and gas companies to disclose only proved reserves in their filings with the SEC. Certain terms, such as "resources," "undeveloped gas resources," "oil in place," "recoverable reserves," and "recoverable resources," among others, may be used in this and all publications to describe certain oil and gas properties that are not permitted to be used in filings with the SEC. In addition, SEC regulations define mined oil-sands reserves as mining-related and not a part of conventional oil and gas reserves.
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