Top 5 Energy Stocks To Buy For 2023


TopBuild Corp. (BLD Quick QuoteBLD ) has inked a deal with global private equity firm Advent International to acquire the latter’s Distribution International (“DI”) for $1 billion in cash. The transaction is expected to close in fourth-quarter 2021, subject to customary closing conditions.

President and chief executive officer of TopBuild, Robert Buck, said, “Following the closing of this transaction, TopBuild will be the leader of energy saving insulation solutions in all three major end-markets: residential, commercial, and industrial. Increasingly stricter energy codes, and the desire for energy efficient solutions and reductions in carbon footprint are driving demand, and we expect they will continue to be important growth drivers for our Company.”

DI, which was founded in 1986, is the leading specialty distributor of mechanical insulation solutions for industrial and commercial end markets. Over the past six years, DI has expanded its market share through 11 acquisitions. Currently, it has 84 branches across the United States and 17 in Canada. In the last 12 months, half of DI’s pro-forma revenues of approximately $747 million were tied to the Maintenance, Repair and Operations (“MRO”) business, and the other half was related to new construction activity.


This bolt-on acquisition highly complements TopBuild’s strategic alliances for bolstering inorganic growth and expanding market share. On a further encouraging note, DI will help TopBuild with a direct entry and immediate leadership position in the $5-billion mechanical insulation market. Also, DI’s MRO business provides a strong recurring revenue stream and fabrication capabilities offer additional value-add services for customers.

TopBuild expects $35-$40 million synergies from this buyout in a year, following the close of this transaction. On Jun 30, 2021, the combined company generated trailing 12-month revenues of $3.93 billion and adjusted EBITDA of $647 million, on a pro-forma basis, inclusive of expected run-rate synergies of $35-$40 million.


Post the transaction’s completion, TopBuild’s net debt to pro forma adjusted EBITDA is expected to be 2.5 times pre-synergies.

Top 5 Energy Stocks To Buy For 2023: Halliburton Company(HAL)

Halliburton Company provides various products and services to the energy industry for the exploration, development, and production of oil and natural gas worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services, completion tools and services, cementing services, and Boots & Coots. Its production enhancement services include stimulation and sand control services; completion tools and services comprise subsurface safety valves and flow control equipment, surface safety systems, packers and specialty completion equipment, intelligent completion systems, expandable liner hanger systems, sand control systems, well servicing tools, and reservoir performance services; cementing services consist of bonding the well and well casing, while isolating fluid zones and maximizing wellbore stability, and casing equipment; and Boots & Coots include well intervention services , pressure control, equipment rental tools and services, and pipeline and process services. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and wellbore placement solutions that enable customers to model, measure, and optimize their well construction activities. Its services comprise fluid services, drilling services, drill bits, wireline and perforating services, testing and subsea services, software and asset solutions, and integrated project management and consulting services. The company serves independent, integrated, and national oil companies. Halliburton Company was founded in 1919 and is headquartered in Houston, Texas.


Advisors’ Opinion:

  • [By ]

    How To Invest
    When spending dried up, this group was hit hard. Halliburton (NYSE: HAL) went from a profit of $3.5 billion in 2014 to a painful loss of $5.8 billion in 2016. But the pendulum is swinging. As any good salesman will tell you, it’s much easier to close deals when your customers have more cash in their pocket. And as we just discussed, big oil producers have $425 billion locked, loaded and ready to fire.

  • [By Stephan Byrd]

    Halcyon (HAL) is a PoW/PoS coin that uses the
    X15 hashing algorithm. Its genesis date was July 16th, 2014. Halcyon’s total supply is 6,668,787 coins. Halcyon’s official website is halcyon.top. Halcyon’s official Twitter account is @halcyondev.

Top 5 Energy Stocks To Buy For 2023: Nabors Industries Ltd.(NBR)

Nabors Industries Ltd., together with its subsidiaries, provides drilling and rig services. It offers equipment manufacturing, rig instrumentation, optimization software, and directional drilling services; and patented steering systems and rig instrumentation software systems, including ROCKIT directional drilling system that provides data collection services to oil and gas exploration and service companies, and RIGWATCH software, which monitors a rig’s real-time performance and daily reporting for drilling operations. The company also manufactures and sells top drives, catwalks, wrenches, draw works, and other drilling related equipment; and offers well-site services, such as engineering, transportation and disposal, construction, maintenance, well logging, directional drilling, data collection, and other support services. As of December 31, 2015, it marketed approximately 430 rigs for land-based drilling operations in the United States, Canada, and approximately 20 other countries worldwide; and 42 rigs for offshore drilling operations in the United States and internationally; and 6 jackup units. The company was founded in 1968 and is headquartered in Hamilton, Bermuda.


Advisors’ Opinion:

  • [By Motley Fool Transcribers]

    Shell Midstream Partners LP  (NYSE:SHLX)Q4 2018 Earnings Conference CallFeb. 21, 2019, 10:00 a.m. ET

    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:

    Operator

  • [By Matthew DiLallo]

    BP Midstream Partners has agreed to acquire interests in three assets from BP in a transaction valued at $468 million. The first asset is Mardi Gras, a joint venture (JV) with Royal Dutch Shell (NYSE:RDS-A)(NYSE:RDS-B) and its MLP, Shell Midstream Partners (NYSE:SHLX), which operates four offshore pipelines. BP Midstream already owned 20% of BP’s interest in the JV but will now hold 65% of that stake. It’s an important system that the partners have recently expanded so that it can support their new projects in the Gulf. They include Shell’s Appomattox platform, which should start up next year, and BP’s Thunder Horse North West Expansion, Atlantis Phase three, and Mad Dog 2, which will begin in 2019, 2020, and 2021, respectively. 

  • [By Matthew DiLallo]

    Thanks in part to higher oil prices, the average energy stock in the S&P 500 is up nearly 17% over the past year. However, those improving market conditions haven’t taken the entire sector higher. Three laggards that stand out are fast-growing, high-yielding MLPs Antero Midstream Partners (NYSE:AM), Shell Midstream Partners (NYSE:SHLX), and EQT Midstream Partners (NYSE:EQM), which have all lost more than 10% of their value over the past year. Because of that, these MLPs look like compelling options for income-seeking investors to consider.

  • [By Joseph Griffin]

    Get a free copy of the Zacks research report on Shell Midstream Partners (SHLX)

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Top 5 Energy Stocks To Buy For 2023: Enbridge Inc(ENB)

Enbridge Inc. operates as an energy transportation and distribution company in the United States and Canada. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals. The company’s Gas Distribution segment operates as a natural gas utility that serves residential, commercial, and industrial customers in Central and Eastern Ontario, and Northern New York State, as well as in Quebec and New Brunswick. Its Gas Pipelines, Processing and Energy Services segment has interests in natural gas pipelines, including the Vector Pipeline and transmission and gathering pipelines in the Gulf of Mexico, as well as holds an interest in Aux Sable, a natural gas fractionation and extraction facility. This segment is also involved in the renewable energy projects, such as wind, solar, and geothermal projects with a generating capacity of approximately 2,800 MW. The company’s Sponsored Investments segment is involved in renewable and alternative power generation; crude oil and liquid petroleum transportation and storage; and natural gas and NGL gathering, treating, processing, and transportation. Enbridge Inc. has a strategic partnership with EDF Group for the development, construction, and operation of three French offshore wind farms. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.


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