You are getting slow-rolled.
Investors in oil-related equities are like a live frog in a pot of cold water on the burner with the heat gradually being turned up. Can you tell it’s warming? Should you jump out now? Do you know when you’re approaching the boiling point?
We are in the middle of an intense production tug-of-war in the presence of weak economies and middling oil prices (USO, OIL, SCO, BNO, DBO, DIA, DNO, DTO, DWTI, OLEM, OLO, SPY, SZO, UCO, USL, UWTI). It’s looking more and more like the production side is overwhelming the consumption side.
In 2015, there was hope for rebalancing in 2016. In 2016, there’s hope for rebalancing in 2017. Could this move yet further out?
Here’s the EIA’s current prediction for rebalancing.
Top 5 Oil Stocks To Invest In Right Now: Encana Corporation(ECA)
Advisors’ Opinion:
- [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 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 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) .
Top 5 Oil Stocks To Invest In 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.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]
In the Lightning Round, Cramer was bullish on Treehouse Foods (THS) , TG Therapeutics (TGTX) , Kinder Morgan (KMI) , Magellan Midstream Partners (MMP) , Chesapeake Energy (CHK) and Arconic (ARNC) .
- [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.
Top 5 Oil Stocks To Invest In Right Now: Crescent Point Energy Corp (16)
Advisors’ Opinion:
- [By Kana Nishizawa]
China Coal Energy Co., the countrys second-largest producer of the fuel, sank 3.1 percent after the government said it will cut coal consumption. Sun Hung Kai Properties Ltd. (16), the worlds second-biggest developer, fell 1.4 percent after trimming its sales target. Gold producers led materials companies lower as the precious metal headed for its steepest weekly loss since June amid expectations the U.S. Federal Open Market Committee will next week decide to reduce stimulus.
Top 5 Oil Stocks To Invest In Right Now: Apache Corporation(APA)
Advisors’ Opinion:
- [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 WWW.THESTREET.COM]
Cramer and Jack Mohr think Apache’s (APA) management has positioned the company for growth through both innovation and efficiency. Read what they are telling their investment club members with a free subscription to Action Alerts PLUS.
- [By Chris Lange]
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Friday Apache Corp. (NYSE: APA) which rose about 5.7% to $44.22. The stocks 52-week range is $38.14 to $69.00. Volume was5 million compared to its average volume of 3.3 million.
- [By WWW.THESTREET.COM]
Cramer and the AAP team say news and caution are weighing on energy and health-care sectors. Find out what they’re telling their investment club members about Apache (APA) , Cimarex (XEC) , Arconic (ARNC) and Allergan (AGN) with a free trial subscription to Action Alerts PLUS.
- [By WWW.THESTREET.COM]
Cramer and the Action Alerts PLUS team say they still believe in their embattled Permian names, Cimarex (XEC) and Apache (APA) , both of which have benefited from a slow rotation in recent weeks. These names can produce and profit here. Schlumberger (SLB) remains best in class and Magellan Midstream Partners just might be the best way to play oil given that the pipelines will be needed to transport the new wave of oil able to be drawn out of the ground from increasingly efficient American producers. Get in on the discussion by getting a free trial subscription to Action Alerts PLUS.
- [By Chris Lange]
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was Apache Corp. (NYSE: APA) which traded down over 7% at $42.51. The stocks 52-week range is $38.14 to $69.00. Volume was over 14 million versus the daily average of 3.4 million shares.
Top 5 Oil Stocks To Invest In 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.
