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Best Oil Stocks To Watch Right Now

Brent Oil rose 2% on Tuesday to a high of $56.76 on comments from OPEC and major trading firms that Oil market is rebalancing. Also boosting prices was Saudi Arabia's export cuts in November. At the time of writing, Brent was trading at $56.60/barrel.

Major news/data

Bullish comments from major oil trading firms/investment banks
The chief executive of the trading firm Gunvor, Torbjorn Tornqvist, said the market is rebalancing on the back of falling product stocks and crude held in floating storage clearing up.
The head of top oil trader Vitol, Ian Taylor, told Reuters that "U.S. Oil output could be set for a last spike in 2018 before growth flattens for a number of years as rising costs make a big chunk of production uneconomic". Taylor said, in the short and medium term, the Oil market will remain “boringly rangebound” with prices possibly coming under downward pressure in the first few months of 2018, when demand would typically weaken.
Barclays has raised its Q1 2018 Brent Oil price forecast by $5 to $56.

Best Oil Stocks To Watch Right Now: Talisman Energy Inc.(TLM)

Advisors’ Opinion:

  • [By Jayson Derrick]

    On the other hand, the analysts are Underweight on Eni SpA (ADR) (NYSE: E), Repsol Oil & Gas Canada Inc (USA) (NYSE: TLM) and OMV AG given their asset bases, which offer an inferior risk to reward profile and limited differentiation in cost reductions.

Best Oil Stocks To Watch Right Now: Williams Partners L.P.(WPZ)

Advisors’ Opinion:

  • [By Ben Levisohn]

    In a release after the close on Monday, Williams and Williams Partners (WPZ) made several announcements, including: 1) outlining managements plan to financially reposition and simplify the franchises GP/LP structure in an ~$11.4 billion transaction (not subject to any additional approvals), 2) adjustments to Williams and Williams Partners’ dividend and distribution payouts, 3) initiating a ~$2+ billion William equity raise to fund a further Williams investment in Williams Partners, 4) noted other potential upcoming changes, including the sale of ~$2 billion in non-core assets in 2017, and 5) provided several forms of updated 2017 guidance…

Best Oil Stocks To Watch Right Now: Encana Corporation(ECA)

Advisors’ Opinion:

  • [By Paul Ausick]

    Encana Corp. (NYSE: ECA) is rated Buy with an unchanged price target of $16. The EPS estimate for 2017 was lowered from $0.42 to $0.34, and the 2018 estimate was also lowered, from $1.47 to $1.28. The shares ended the weekat $11.44, in a 52-week range of $4.90 to $13.85. The consensus 12-month price target is $14.95.

  • [By Money Morning News Team]

    Canada-based Encana Corp. (NYSE: ECA) was the eighth top oil company stock in 2016, with a 131% gain over the year. ECA and its subsidiaries focus on developing, exploring, producing, and marketing natural gas, liquefied natural gas, and oil in North America.

  • [By WWW.THESTREET.COM]

    In the Lightning Round, Cramer was bullish on Vodafone Group (VOD) , Schlumberger (SLB) , Encana (ECA) , Arconic (ARNC) and AdvanSix (ASIX) .

    Cramer was bearish on U.S. Silica Holdings (SLCA) .

Best Oil Stocks To Watch Right Now: Magellan Midstream Partners L.P.(MMP)

Advisors’ Opinion:

  • [By Dustin Parrett]

    Magellan Midstream Partners (NYSE: MMP) is a $17.56 billion company that transports and distributes petroleum. MMP is shaping up to be one of the best 2017 oil stocks.

  • [By WWW.THESTREET.COM]

    But that doesn’t mean there aren’t any ways to make money with oil. Cramer said that the biggest winners from the Trump trade are the oil pipelines and MLPs, like Magellan Midstream Partners (MMP) , an Action Alerts PLUS holding. Cramer said deregulation will mean all of the pipeline companies will be able to make more money, and faster, than anyone expected.

  • [By WWW.MONEYSHOW.COM]

    My more conservative income recommendation from a year ago, Magellan Midstream Partners (MMP), rose by 13% while yielding over 4%.

    Following last year’s excellent results, Magellan Midstream remains my Top Pick for income investors for the coming year.

  • [By WWW.THESTREET.COM]

    Cramer and the AAP team view the strength of corporations as most important in proving that stocks can handle current valuations. Find out what they’re telling their investment club members about Arconic (ARNC) , Apple (AAPL) and Magellan Midstream Partners (MMP) . Get a free trial subscription to Action Alerts PLUS.

  • [By Matthew DiLallo]

    For perspective, two of the highest rated MLPs by credit rating agencies are Magellan Midstream Partners (NYSE:MMP) and Enterprise Products Partners (NYSE:EPD). Recently, their leverage ratios were 3.5 times and 4.4 times, respectively. While both Magellan Midstream and Enterprise Products have seen their leverage ratios creep higher in recent quarters due to the oil market downturn and growth spending, neither is a concern.

Best Oil Stocks To Watch Right Now: ONEOK Partners L.P.(OKS)

Advisors’ Opinion:

  • [By Garrett Cook]

    Citi maintains Buy ratings on Targa Resources (NYSE: TRGP), ONEOK (NYSE: OKE) and Oneok Partners (NYSE: OKS) citing the companies stories around natural gas liquids (NGLs).

  • [By Matthew DiLallo]

    Energy infrastructure companies ONEOK (NYSE:OKE) and TransCanada (NYSE:TRP) are both emerging from the energy market downturn as stronger entities. Each made smart acquisitions, with TransCanada buying U.S. gas pipeline company Columbia Pipeline Group, while ONEOK is in the process of gobbling up its MLP,ONEOK Partners (NYSE:OKS). While these deals enhanced the growth profiles of both companies, TransCanada still stands out as the better buy for long-term income investors. Here’s why.

Best Oil Stocks To Watch Right Now: Halliburton Company(HAL)

Advisors’ Opinion:

  • [By Ben Levisohn]

    When Weatherford International (WFT) announced that it had named Halliburton (HAL) CFO Mark McCollumits new CEO, its shares jumped as some observers contended itincreased the odds of an acquisition by the oil-services giant. It looks like they picked the wrong oil-services giant, however, as Weatherford and Schlumberger (SLB) announced a joint venture late Friday, one that has sent Weatherford’s shares soaring and earned it an upgrade from Wells Fargo analystsJudson Bailey andColeman Sullivan. They explain why:

  • [By Wayne Duggan]

    Instead, Genargo prefers oil services stocks with the most exposure to the U.S market. Loop names Halliburton Company (NYSE: HAL) as its top large-cap stock pick and Oil States International, Inc. (NYSE: OIS), Newpark Resources Inc (NYSE: NR) and Superior Energy Services, Inc. (NYSE: SPN) as its top small- and mid-cap stocks.

  • [By Lee Jackson]

    These companies also reported insider buying last week: Apache Corp. (NYSE: APA), Halliburton Co. (NYSE: HAL), Revlon Inc. (NYSE: REV), Valeant Pharmaceuticals International Inc. (NYSE: VRX) and U.S. Steel Corp. (NYSE: X).

  • [By Lisa Levin]

    Halliburton Company (NYSE: HAL) reported stronger-than-expected profit for its third quarter on Monday.

    Halliburton posted quarterly adjusted earnings of $0.42 per share on revenue of $5.44 billion. However, analysts expected earnings of $0.37 per share on revenue of $5.35 billion.

  • [By Wayne Duggan]

    Trump is particularly enthusiastic about shale oil & gas and clean coal, which is good news for stocks such as Chesapeake Energy Corporation (NYSE: CHK), Halliburton Company (NYSE: HAL) and CONSOL Energy Inc. (NYSE: CNX).

  • [By Ben Levisohn]

    How strong is the earnings recovery? Of the 18 stocks that reported this morning, 13 beat forecasts, including Halliburton (HAL), and Hasbro (HAS). BofA Merrill Lynch’s Savita Subramanian and team note that for the first time since 2012, analysts are raising their earnings forecasts as earnings season progresses: