Join        Login             Stock Quote

News That Could Get These Oil Stocks Flowing

 November 19, 2012 02:46 PM

(By Mani) The last earnings season (third quarter) of calendar 2012 saw a number of catalysts, but some big ones still remain before year-end 2012.

We have compiled a list of upcoming catalysts for various oil stocks.

Anadarko Petroleum Corp.'s (NYSE: APC) Tronox case final arguments are expected to take place on Dec. 10. Goodrich Petroleum Corp. (NYSE: GDP) should have its first operated Tuscaloosa Marine Shale well result. Gulfport Energy Corp. (NASDAQ: GPOR) should have a handful of new Utica well results.

[Related -Do Investors Really Prefer A Slower Economy?]

Plains Exploration & Production Co.'s (NYSE: PXP) operator should spud the Phobos prospect by the end of the year, and Southwestern Energy Co. (NYSE: SWN) should release its 2013 CapEx budget in mid-December.

Noble Energy, Inc. (NYSE: NBL) has an analyst day on Dec. 6, and is expected to give information on its Leviathan partner, and should have exploration results in the Gulf of Mexico and Falklands.

[Related -Occidental Petroleum Corporation (OXY) Dividend Stock Analysis]

Meanwhile, Magnum Hunter Resources Corp. (NYSE: MHR) could potentially monetize its Eagle Ford assets while McMoRan Exploration Co. (NYSE: MMR) expects to flow test Davy Jones in November.

With oil's march down from nearly $100 in mid-September to around $85 currently, E&Ps have underperformed the S&P 500 by around 7 percent.

"Under our NAV valuations, our average large-cap stock is discounting $81 oil and $4.55 gas, the mid-caps are discounting $78 oil and $4.45 gas, and the small caps are discounting $78 oil and $4.50 gas," RBC Capital Markets analyst Leo Mariani said in a note to clients.

Given this, any rebound in oil could generate substantial outperformance and stocks that have the highest leverage to oil could gain in the coming months.

The bull case stocks are Anadarko Petroleum, Approach Resources, Inc. (NASDAQ: AREX), Continental Resources, Inc. (NYSE: CLR). Denbury Resources Inc. (NYSE: DNR), EOG Resources, Inc. (EOG), Oasis Petroleum Inc. (NYSE: OAS), Pioneer Natural Resources Co. (NYSE: PXD), Plains Exploration and Whiting Petroleum Corp. (NYSE: WLL).

"Besides taking shelter in gassy names, we think oil stocks with solid balance sheets will perform best given an oil bear case," Mariani said.

These stocks include Apache Corp. ( NYSE: APA), ConocoPhillips (NYSE: COP), Devon Energy Corp. (NYSE: DVN), Marathon Oil Corp. (NYSE: MRO), Murphy Oil Corp. (NYSE: MUR) and Occidental Petroleum Corp. (NYSE: OXY).


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageBogle Says Indexing Destined To Win The Battle Of The Quants

Vanguard founder John Bogle gave a powerful speech last month at the Q Group’s Spring Seminar that lays out read on...

article imageVMAX and VMIN Poised to Be Most Important VIX ETP Launch in Years

REX Shares is launching two new VIX exchange-traded products on Tuesday in what is likely to be the most read on...

article imageThe April 29 Gold Triangle Breakout Update

If you’re just watching stocks, you may be missing this powerful Triangle Breakout surge in read on...

article imageSell In May, But It Is A Presidential Election Year

With May just around the corner, articles covering the "Sell in May' phenomenon are not in short supply and read on...

Popular Articles

Daily Sector Scan
Partner Center

Related Articles:

Why Growth Is Deep In The Heart Of Texas
More Articles on: Utilities , Oils/Energy

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.