Oil Stocks
Trilogy Energy Corp., symbol TET on Toronto, owns oil and gas properties in the Kaybob and Grande Prairie areas of central Alberta. About 78% of Trilogy’s production is natural gas. The remaining 22% is oil.
In the three months ended March 31, 2011, Trilogy produced an average of 25,362 barrels of oil equivalent per day (including natural gas). That was up …read more »
CHEVRON CORP. $103 (New York symbol CVX; Conservative Growth Portfolio, Resources sector; Shares outstanding: 2.0 billion; Market cap: $206.0 billion; Price-to-sales ratio: 1.0; Dividend yield: 3.0%; TSINetwork Rating: Above Average; www.chevron.com) is the second-largest integrated oil company in the U.S., after ExxonMobil Corp. (New York symbol XOM).
Chevron gets 90% of its earnings by producing oil and natural gas. The remaining …read more »
In an effort to dampen speculation, the CME Group, which owns the NYMEX futures exchange, recently raised the minimum amount of money traders must invest when buying crude-oil futures contracts. Even so, we feel oil prices will remain volatile in light of ongoing political unrest in the Middle East.
To lower your risk, we continue to advise that you stick with …read more »
APACHE CORP. $124 (New York symbol APA; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 383.4 million; Market cap: $47.5 billion; Price-to-sales ratio: 3.5; Dividend yield: 0.5%; TSINetwork Rating: Average; www.apachecorp.com) plans to spend $8.1 billion to develop its oil and natural-gas projects in 2011, up 8.3% from its earlier estimate of $7.5 billion. The increase is partly due to higher …read more »
We continue to advise against overindulging in oil stocks. That’s because the Resource sector (including oil) is highly volatile, and no one can accurately predict future oil prices.
For instance, after rising to $115 U.S. a barrel, oil dropped 16% in the first week of May 2011, to $97 U.S., on fears that the global economic recovery may be stalling. …read more »
SUNCOR ENERGY INC. $39 (Toronto symbol SU; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.6 billion; Market cap: $62.4 billion; Price-to-sales ratio: 1.7; Dividend yield: 1.1%; TSINetwork Rating: Average; www.suncor.com) merged with Petro-Canada in August 2009 to become Canada’s largest integrated-oil company.
The company recently formed a joint venture with French oil company Total S.A., to develop two oil-sands projects. Under …read more »
We continue to advise against overindulging in oil stocks. That’s because the Resource sector (including oil) is highly volatile, and no one can accurately predict future oil prices. For instance, after rising to $115 U.S. a barrel, oil dropped 16% in the first week of May 2011, to $97 U.S., on fears that the global economic recovery may be stalling.
That’s …read more »
Oil now trades at around $110 U.S. a barrel. That’s up over 29% from $85 U.S. a year ago, and 175% higher than its low of $40 U.S. in February 2009.
We think oil prices could rise even further if the global economy continues to rebound, as we expect. Even so, we continue to advise against overindulging in Canadian oil stocks. …read more »
CHEVRON CORP. $105 (New York symbol CVX; Conservative Growth Portfolio, Resources sector; Shares outstanding: 2.0 billion; Market cap: $210.0 billion; Price-to-sales ratio: 1.0; Dividend yield: 2.7%; TSINetwork Rating: Above Average; www.chevron.com) is selling a refinery in Wales and over 1,000 Texaco gas stations in the U.K. and Ireland for $730 million. That’s equal to 4% of its 2010 earnings of …read more »
CIMAREX ENERGY $104.19 (New York symbol XEC; TSINetwork Rating: Extra Risk) (303-295-3995; www.cimarex.com; Shares outstanding: 84.1 million; Market cap: $8.8 billion; Dividend yield: 0.4%) is an oil and gas explorer and producer. Natural gas makes up 56% of its output.
Cimarex’s properties are in the Mid-Continent region of the U.S., which includes Oklahoma, Kansas and Texas; the Permian Basin of western …read more »
