Top Oil Stocks To Invest In Right Now

In many ways, it is surprising the bond selloff hasn’t been bigger. After all, the recovery narrative of the unemployment rate has had almost everything going for it since February, at least in terms of perceptions playing into expectations. There was the usual spring rebound in economic data that aided in the “worst is past” argument, while oil prices and commodities rose furthering the market indications that “transitory” might have just been one year delayed. And after a brief scare coincident to the May payroll report (released at the start of June) and then Brexit later that month, it did appear on the surface that markets were indeed quite resilient and could thus handle the mainstream-anticipated liftoff.

In the US treasury market, a recovery would see a steepening yield curve and higher nominal rates, both of which have occurred in September so far but by a rather meager margin especially in comparison to past episodes of such “hope.” These trends would be accompanied by much stronger inflation expectations, especially given how beaten down they have been since this “rising dollar” began. But it is here that the narrative falls apart once more.

Top 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 Oil Stocks To Invest In Right Now: Transocean Inc.(RIG)

Advisors’ Opinion:

  • [By Chris Lange]

    The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was Transocean Ltd. (NYSE: RIG) which traded down over 7% at $9.68. The stocks 52-week range is $8.68 to $16.66. Volume was about 19 million versus the daily average of 12.1 million shares.

  • [By Jon C. Ogg]

    Transocean Ltd. (NYSE: RIG) was last seen trading up 17.1% at $12.91. Its volume of more than 42 million shares equated to right at 3 times normal volume. Transocean has a consensus analyst price target of $9.72 and a 52-week trading range of $7.67 to $14.50. The company has a total market cap of $4.7 billion.

  • [By Paul Ausick]

    Transocean Ltd. (NYSE: RIG) dropped about 5.4% Wednesday to post a new 52-week low of $7.48 after closing at $7.91 on Tuesday. The stock’s 52-week high is $16.66. Volume of more than 20 million was about a third higher than the daily average of about 16 million. The company announced Tuesday that it had agreed to buy Norwegian firm Songa Offshore for $3.4 billion, including $2.3 billion in Songa’s debt. Investors don’t like the deal.

  • [By Paul Ausick]

    Transocean Ltd. (NYSE: RIG) dropped about 6.3% Wednesday to post a new 52-week low of $8.68 after closing Tuesday at $9.26. The 52-week high is $6.96. Volume rose to about 50% more than the daily average of about 12 million shares. The company had no specific news, but consolidation in the offshore drilling business is not a positive for Transocean or any other driller still standing by itself.

  • [By Ben Levisohn]

    Transocean (RIG)tumbled to the bottom of the S&P 500 today as the entire energy sector got crushed on fears that production would start to grow.

    Agence France-Presse/Getty Images

    Transocean dropped 7% to $13.85 today, while the S&P 500 fell 0.6% to2,280.90. The Energy Select Sector SPDR ETF (XLE) dropped 1.9% to$72.85. The price of oil fell 1% to$52.63 a barrel.

    Yes, oil stayed above $50 a barrel, but in a note published this morning, Cornerstone Macro’s Carter Worth warned that a “stuck” oil price could be as damaging as a dropping one:

    Then, of course, theres the inconvenient fact that WTI Crude Oil itself is hopelessly stuck in the low $50 a
    barrel range a level at which it was trading in June of last year. Essentially seven months without any forward progress is the bottom line.

    Transocean’s market capitalization fell to $5.4 billion today from $5.8 billion on Friday. It reported net income of $782 million on sales of $7.4 billion in 2015.

  • [By Ben Levisohn]

    Go back a year, and offshore drillers like Noble (NE), Rowan (RDC), Transocean (RIG) and Atwood Oceanics (ATW) had been all but written off–until they weren’t anymore. Since then, investors have been rewarded for picking winners in the group from the losers, as Atwood Oceanics has more than doubled, Transocean has gained 34%, and Rowan has risen 42%, while Noble and Diamond Offshore Drilling (DO) have dropped 13%.

Top Oil Stocks To Invest In Right Now: Apache Corporation(APA)

Advisors’ Opinion:

  • [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 AAP team are detailing their outlook for portfolio energy names Apache (APA) and Cimarex (XEC) . Find out what they’re telling their investment club members 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 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 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.

  • [By WWW.THESTREET.COM]

    Cramer and the AAP team say Apache’s (APA) mixed results are a buying opportunity. Find out what they’re telling their investment club members with a free trial subscription to Action Alerts PLUS.

Top Oil Stocks To Invest In 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.

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