Five Top Oil & Gas Producers to Buy Now

Article Excerpt

Our oil and gas trust recommendations hit record highs in 2007 and 2008, mainly in line with soaring oil and gas prices. In mid-2008, oil hit a record peak of $147 U.S. a barrel. Natural gas prices reached as high as $14 U.S. per thousand cubic feet. Oil and gas stocks have fallen since those highs. Oil is currently trading at just $43 U.S. a barrel. Natural gas prices are now at around $5.87 U.S. per thousand cubic feet. We still advise against over-indulging in oil and gas trusts or stocks, and we’d continue to confine investments to well-established companies or trusts that can survive during the inevitable price setbacks. But here are five high-quality oil and gas stocks and trusts well positioned to profit when global economies — and oil and gas prices — rebound. ENCANA CORP. $57.80 (Toronto symbol ECA; Shares outstanding: 749.8 million; Market cap: $43.3 billion; SI Rating: Average) is a leading North American producer of natural gas and oil…