energy stocks
Celtic Exploration, $14.48, symbol CLT on Toronto (Shares outstanding: 104.9 million; Market cap: $1.5 billion; www.celticex.com), is an Alberta-based oil and gas explorer and producer. Celtic’s shares are down almost 56% from $27.08 in November 2011. The shares have dropped along with many other energy stocks. In addition, Celtic’s production is about 77% natural gas and 23% oil. That high gas component has hurt the company as gas prices have fallen; they recently dropped below $2 U.S. per million British thermal units (BTUs) for the first time in more than a decade....
While alternative energy investments appeal to a lot of investors on an emotional and conceptual level, many offer only limited investment potential. That’s because they may need a long time to move from the research or concept stage to profitability. However, there are renewable energy stocks that already have established businesses, such as hydroelectric power, that cut the risk of their alternative energy investments....
DEVON ENERGY CORP. (New York symbol DVN; www.dvn.com) is one of the largest U.S.-based oil and natural-gas explorers and producers. Its production mix is 65% gas and 35% oil. In May 2011, Devon completed the sale of its Brazilian operations for $3.2 billion. It has now sold all of its international and Gulf of Mexico properties, which it saw as risky and expensive to develop....
Poseidon Concepts rents its fluid-handling tanks to over 100 customers in the oil and gas industry. Poseidon has just issued 6.3 million new shares.
Pat McKeough responds to many personal questions on specific stocks and other investing topics from the members of his Inner Circle. Every week, his comments and recommendations on a selection of the most intriguing questions of the past week go out to all Inner Circle members. And every Friday, we offer you one of the highlights from these Q&A sessions. One question this week concerned energy stocks, specifically one stock that expects to benefit as the search for new oil production increasingly leads to the deposits found deep in the world’s oceans....
Yesterday we discussed the shale revolution. (View the post: Why the shale revolution will make oil price shocks a thing of the past.) The production of natural gas and oil from shale is rising rapidly in North America. This angers some environmentalists, even as it creates jobs and tax revenues at a time of economic uncertainty. More than that, oil production from shale – which will contribute much more to oil reserves than most people realize – is due to alter the balance of supply and demand in international energy. As we begin to depend less on despotic regimes around the world and more on localized, stable energy stocks, it will keep oil prices in check, to the greater benefit of the economy as a whole....
SeaDrill Ltd. is a leading offshore drilling company. Norway-based SeaDrill has a fleet of 60 drilling rigs that can operate in shallow to very deep water.
PEYTO EXPLORATION & DEVELOPMENT CORP. (Toronto symbol PEY; www.peyto.com) continues to generate higher cash flow. And it’s reinvesting that cash flow to expand production in order to deliver greater returns for its shareholders. The company produces and explores for oil and natural gas in Alberta. Peyto’s average daily production of 34,443 barrels of oil equivalent (including natural gas) is weighted 89% toward gas and 11% to oil....
Over the past decade, political upheaval around the world has caused many to worry about secure sources of energy supply. Some North American energy stocks have simply decided that overseas risk is not worth the trouble and expense. Devon Energy Corp., (New York symbol DVN; www.devonenergy.com) is one of them....
Today’s popular investment themes include green energy stocks, such as solar, wind, and geothermal, and emerging markets, such as China and India.