Investing in oil stocks in 2017
A strong equity performance has been the trend with oil stocks in the market most of the time, and investing in stocks of oil companies is considered a good bet these days. Indeed, analysts are of the opinion that 2017 is the year to invest in oil stocks, or if you already have been dabbling in oil stocks, to increase their share and quantum in your portfolio. This is, in part, thanks to OPEC’s decision to reduce the oil output by over 1 million barrels a day, as well as non-OPEC countries that produce oil pledging to reduce their oil output by half a million barrels.
Well, oil output and production are decreasing, but the same cannot be said for consumption, and global patterns suggest that oil consumption is only continuing to rise. So, this means in the quite future, investing in oil stocks will bring a windfall. It may happen in the quite near future or it may take some time, so think of you are in this for very short term gains or if you have holding capacity before choosing to invest in oil stocks. However, the windfall, when it comes, should be a good one.
So, which are some of the recommended oil company stocks to buy? There are companies that are oil and gas producers, as well as those whose business is as oilfield products and services providers. Here’s a comprehensive list, though in no particular order, of what analysts are saying are the worthy investments, along with their New York Stock Exchange trading info, so you can get started easily!
Suncor Energy Inc. (NYSE: SU)
ONEOK Inc. (NYSE: OKE)
Enterprise Products Partners L.P. (NYSE: EPD)
Core Laboratories N.V. (NYSE: CLB)
National Oilwell Varco: (NYSE: NOV)
Chevron Corp.: (NYSE: CVX)
Halliburton Co. (NYSE: HAL)
Forum Energy Technologies Inc. (NYSE: FET)
Kinder Morgan Inc. (NYSE: KMI)
Fairmont Santrol Holdings Inc. (NYSE: FMSA)
Magellan Midstream Partners, L.P. (NYSE: MMP)
Pioneer Oil & Gas (NYSE: POGS)
Continental Resources, Inc. (NYSE: CLR)
Cimarex Energy Co. (NYSE: XEC)
Gulfport Energy Corp. (NYSE: GPOR)
Range Resources Corp (NYSE: RRC)
Devon Energy Corp (NYSE: DVN)
Anadarko Petroleum Corp. (NYSE: APC)
Diamond Back Energy Inc. (NYSE: FANG)
Hess Corp. (NYSE: HES)
Occidental Petroleum Corp. (NYSE: OXY)
Resolute Energy Corp. (NYSE: REN)
PDC Energy Inc. (NYSE: PDCE)
Flotek Industries Inc. (NYSE: FTK)
Callon Petroleum Co. (NYSE: CPE)
Nabors Industries Ltd. (NYSE: NBR)
Schlumberger Ltd. (NYSE: SLB)
