Best Energy Stocks To Buy For 2019

Company Introduction

Devon Energy Corporation (NYSE:DVN) is an upstream oil and gas production company. Unlike many of its peers, Devon produces crude oil and natural gas in nearly equal proportions, and holds some of the best assets in the industry. Unfortunately, both natural gas and oil prices are on the decline lately, and this has seriously affected Devon’s business. In fact, Devon has reported more than $1.0 billion in losses four quarters in a row, although the most recent quarter showed dramatic improvements. Devon may do well if oil and natural gas recovers on schedule for next year, but the author recommends investors to stay away from Devon Energy for the time being. For upstream exposure, consider Marathon Oil (NYSE:MRO) or ConocoPhillips (NYSE:COP) instead.

Best Energy Stocks To Buy For 2019: Phillips 66 Partners LP(PSXP)

Advisors’ Opinion:

  • [By Matthew DiLallo]

    However, the big capacity boost will come toward the end of next year, when as many as three large-scale pipelines could enter service. Plains All American Pipeline’s Cactus II should begin partial service by the third quarter of next year before starting full service of 670,000 BPD by April of 2020. Meanwhile, Phillips 66 Partners (NYSE:PSXP) and Andeavor (NYSE:ANDV) are building the Grey Oak Pipeline, which could move as much as 800,000 BPD to the Gulf Coast. Phillips 66 Partners and Andeavor plan to spend $2 billion to build the pipeline, which should start up by the end of 2019. That line would not only bring oil to refineries in the region but also to a new export dock under construction by Phillips 66 Partners, Andeavor, and another partner. Finally, the private equity–backed EPIC crude pipeline is also expected to start construction by the end of this year, which would put it in service by the second half of 2019.

  • [By Matthew DiLallo]

    Currently, three major oil pipelines are on pace to start service in late 2019. They include Plains All American Pipeline’s (NYSE:PAA) 670,000-BPD Cactus II, the up-to-1-million-BPD Grey Oak Pipeline by Phillips 66 Partners (NYSE:PSXP) and Andeavor (NYSE:ANDV), and the private equity–backed EPIC pipeline that could move up to 675,000 BPD. Add it up, and that’s more than 2 million BPD of pipeline capacity. Meanwhile, Energy Transfer and Magellan Midstream are expanding several existing lines, which could add another 400,000 BPD next year. On top of that, Plains All American Pipeline is working with oil giant ExxonMobil (NYSE:XOM) on a 1 million-BPD oil pipeline as well as expanding several other smaller pipelines as fast as it can.

  • [By Reuben Gregg Brewer]

    There was a similar trend for smaller midstream player Phillips 66 Partners LP (NYSE:PSXP). It was down 19% in 2018 and rose 16% in January. But the trend didn’t hold for Sunoco LP (NYSE:SUN), which distributes gasoline. This limited partnership was off by 4% in 2018, two percentage points less than the broader market, and up 12% in January. Cheniere Energy Partners LP (NYSEMKT:CQP) and Cheniere Energy Inc. (NYSEMKT:LNG) were even further from the pack, up 12% and 11%, respectively, in January after posting gains of 21% and roughly 10%, respectively, in 2018.

  • [By Tyler Crowe]

    Over the past few years, much of the company’s growth capital spending has been for its midstream segment. It appears the trend will continue in 2019. In the company’s capital budget for this year, it expects to spend about $2.9 billion. A little less than half of that will go toward midstream assets that include its investments in subsidiary master limited partnership Phillips 66 Partners (NYSE:PSXP). Management still believes that the greatest source of returns right now is increasing pipeline access from high-growth shale basins to major demand centers such as the U.S. Gulf Coast.

  • [By Reuben Gregg Brewer]

    Investing in midstream master limited partnerships is generally all about the distributions, which the tax-efficient corporate structure is designed to provide to unitholders. However, that doesn’t always mean a high distribution yield is the goal, which is the key to determining if Holly Energy Partners, LP (NYSE:HEP) or Phillips 66 Partners LP (NYSE:PSXP) is the better buy. Here’s what you need to know to make an informed decision between these stocks. 

  • [By Dustin Parrett]

    Phillips 66 Partners (NYSE: PSXP) just entered the Money Morning VQScore™ “Buy Zone,” making it one of the best stocks to buy right now.

    And the timing couldn’t be better…

Best Energy Stocks To Buy For 2019: North American Energy Partners, Inc.(NOA)

Advisors’ Opinion:

  • [By Stephan Byrd]

    Franks International (NYSE: NOA) and North American Construction Group (NYSE:NOA) are both small-cap oils/energy companies, but which is the better stock? We will compare the two businesses based on the strength of their dividends, earnings, profitability, institutional ownership, risk, valuation and analyst recommendations.

  • [By Stephan Byrd]

    Core Laboratories (NYSE: CLB) and North American Construction Group (NYSE:NOA) are both oils/energy companies, but which is the superior investment? We will contrast the two businesses based on the strength of their risk, institutional ownership, profitability, dividends, valuation, analyst recommendations and earnings.

  • [By Ethan Ryder]

    COPYRIGHT VIOLATION NOTICE: “North American Construction Group Ltd (NOA) Plans Quarterly Dividend of $0.02” was first published by Ticker Report and is the property of of Ticker Report. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at www.tickerreport.com/banking-finance/4200840/north-american-construction-group-ltd-noa-plans-quarterly-dividend-of-0-02.html.

  • [By Ethan Ryder]

    North American Construction Group (TSE:NOA) (NYSE:NOA) had its price objective boosted by Canaccord Genuity from C$11.00 to C$14.00 in a research note released on Tuesday.

Best Energy Stocks To Buy For 2019: EOG Resources, Inc.(EOG)

Advisors’ Opinion:

  • [By Joseph Griffin]

    Waverton Investment Management Ltd grew its position in EOG Resources Inc (NYSE:EOG) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 719,993 shares of the energy exploration company’s stock after purchasing an additional 16,376 shares during the quarter. EOG Resources makes up 4.5% of Waverton Investment Management Ltd’s investment portfolio, making the stock its 11th largest position. Waverton Investment Management Ltd’s holdings in EOG Resources were worth $91,850,000 at the end of the most recent quarter.

  • [By Paul Ausick]

    Here’s how share prices of the largest U.S. natural gas producers reacting to today’s report:

    Exxon Mobil Corp. (NYSE: XOM), the country’s largest producer of natural gas, traded down about 1.3%, at $83.43 in a 52-week range of $72.16 to $89.30. Chesapeake Energy Corp. (NYSE: CHK) traded down about 4.1%, at $4.42 in a 52-week range of $2.53 to $5.60. EOG Resources Inc. (NYSE: EOG) traded down about 1.8% to $124.14. The 52-week range is $95.36 to $133.53.

    Furthermore, the United States Natural Gas ETF (NYSEARCA: UNG) traded down about 2.6%, at $26.29 in a 52-week range of $20.40 to $27.65.

  • [By Matthew DiLallo]

    EOG Resources (NYSE:EOG) continued to demonstrate its drilling prowess in the second quarter: It once again beat its production targets, with its oil output growing to a new record of 384,600 barrels per day. On the back of those gains, the company earned an adjusted $1.37 per share, which beat analysts’ expectations by $0.14 per share. However, as only EOG can do, it overshadowed its exceptional operational and financial results by unveiling three pleasant surprises that are even bigger stories for investors.

  • [By Paul Ausick]

    EOG Resources Inc. (NYSE: EOG) traded up about 0.9% to $126.41. The 52-week range is $94.87 to $131.60.

    Also, the United States Natural Gas ETF (NYSEARCA: UNG) traded up about 2.5%, at $25.25 in a 52-week range of $20.40 to $27.43.

  • [By Paul Ausick]

    Here’s how share prices of the largest U.S. natural gas producers reacted to today’s report:

    Exxon Mobil Corp. (NYSE: XOM), the country’s largest producer of natural gas, traded down about 0.7%, at $82.56 in a 52-week range of $72.16 to $89.30. Chesapeake Energy Corp. (NYSE: CHK) traded down about 0.9%m at $4.03 in a 52-week range of $2.53 to $5.60. EOG Resources Inc. (NYSE: EOG) traded down about 1.1% to $115.65. The 52-week range is $91.17 to $131.60.

    In addition, the United States Natural Gas ETF (NYSEARCA: UNG) traded up about 0.5%, at $23.32 in a 52-week range of $20.40 to $27.92.

  • [By Matthew DiLallo]

    Last fall, ConocoPhillips (NYSE:COP) outlined its three-year operating plan, anticipating that it could increase production at a 5% compound annual growth rate assuming oil averaged $50 a barrel. While the return to a growth trajectory was nice to see, its forecast paled in comparison to rivals like EOG Resources (NYSE:EOG) and Anadarko Petroleum (NYSE:APC), which both project double-digit oil production growth rates over the next few years.

Best Energy Stocks To Buy For 2019: Permian Basin Royalty Trust(PBT)

Advisors’ Opinion:

  • [By Joseph Griffin]

    Primalbase Token (CURRENCY:PBT) traded down 7.8% against the US dollar during the 24 hour period ending at 12:00 PM ET on May 22nd. Primalbase Token has a total market capitalization of $2.53 million and $838,489.00 worth of Primalbase Token was traded on exchanges in the last day. One Primalbase Token token can currently be bought for $2,024.98 or 0.24530700 BTC on popular cryptocurrency exchanges including Tidex and Waves Decentralized Exchange. During the last seven days, Primalbase Token has traded down 14.5% against the US dollar.

  • [By Shane Hupp]

    Primalbase Token (CURRENCY:PBT) traded up 15% against the US dollar during the one day period ending at 21:00 PM ET on October 5th. One Primalbase Token token can now be bought for about $5,129.81 or 0.77606090 BTC on popular exchanges including Tidex and Waves Decentralized Exchange. Primalbase Token has a total market capitalization of $6.41 million and $1,838.00 worth of Primalbase Token was traded on exchanges in the last 24 hours. During the last seven days, Primalbase Token has traded up 42.2% against the US dollar.

  • [By Joseph Griffin]

    Media stories about Permian Basin Royalty Trust (NYSE:PBT) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Permian Basin Royalty Trust earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the oil and gas producer an impact score of 46.225040116545 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

  • [By Joseph Griffin]

    Primalbase Token (CURRENCY:PBT) traded up 8.5% against the dollar during the twenty-four hour period ending at 17:00 PM E.T. on September 4th. Primalbase Token has a market capitalization of $5.13 million and $2,945.00 worth of Primalbase Token was traded on exchanges in the last 24 hours. One Primalbase Token token can now be bought for about $4,100.42 or 0.55692938 BTC on major cryptocurrency exchanges including Waves Decentralized Exchange and Tidex. Over the last seven days, Primalbase Token has traded up 6.6% against the dollar.

  • [By Max Byerly]

    Primalbase Token (CURRENCY:PBT) traded down 2.5% against the US dollar during the 1 day period ending at 23:00 PM Eastern on May 26th. Primalbase Token has a total market cap of $1.90 million and $282,320.00 worth of Primalbase Token was traded on exchanges in the last day. One Primalbase Token token can now be bought for about $1,516.30 or 0.20760100 BTC on popular exchanges including Tidex and Waves Decentralized Exchange. During the last week, Primalbase Token has traded down 30.5% against the US dollar.

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