Concho Resources, Inc.
In this article I've presented four large-cap energy stocks in the Oil & Gas industry that have been outperforming the market YTD while gaining strong upside momentum. Below is the chart showing the YTD comparison for the 4 stocks and the S&P 500, including Concho Resources Inc. (NYSE: CXO), Anadarko Petroleum Corporation (NYSE: APC), EOG Resources, Inc. (NYSE: EOG), and Pioneer Natural Resources (NYSE: PXD). Pioneer led the gains more »
SandRidge Energy (NYSE: SD) recently saw Citigroup downgrade the stock from a buy to neutral due to declining cash flows and the flood of oil to market. SandRidge is an oil and natural gas company focused on the development and production of assets in the Mid-Continent area of Oklahoma and Kansas, and in western Texas. One positive is that the estimated proven reserves are around 50/50 oil and gas more »
It’s been said there are two kinds of people who make money on a gold rush: those incredibly few and fortunate who actually find and dig up gold and those who sell the picks and shovels. Lately, there’s been a gold rush of sorts in American oil and gas courtesy of hydraulic fracturing. With America’s appetite for both oil and gas growing with no end in sight more »
Diamondback Energy (NASDAQ: FANG) is the latest exploration and production company to access the capital markets, raising several hundred million dollars through an initial public offering (IPO) of common stock. The company is a pure play on the Permian Basin and is targeting the development of various oil and liquids formations in this rejuvenated area.
Initial Public Offering
Diamondback Energy sold 12.5 million common shares at $17.50 per more »
Plains Exploration and Production (NYSE: PXP) is an oil and gas exploration and development firm based in Houston, TX. Changes in the energy market compelled the company to respond boldly, buying and selling various assets to improve profitability. While I applaud PXP for its proactive approach to its business, I’m not so sure it’s worth investing in right now. Why sell PXP? Think BEAR.
PXP has swung more »
Basic Energy Services (NYSE: BAS) confirmed earlier commentary on weak business trends affecting some of its service areas and will continue to be acquisitive as it looks to grow its business through what the company believes is a temporary pause in the current drilling cycle. These and other comments were made by management at the Barclays CEO Energy conference last week in New York.
Basic Energy Services is a more »
The Permian Basin recently achieved a milestone that went almost unnoticed by many investors active in the energy sector. The rig count in this basin moved above 500 rigs during the second quarter of 2012, passing levels reached during the energy boom of the early 1980s. This is an extraordinary event for the Permian Basin, which was once disdained by many as a mature oil and gas producing area that more »
The rise of hydrolic fracturing ("fracking") for natural gas has been viewed alternatively as a blessing and a curse for the nation. A blessing since it produces a cheap, relatively clean fossil fuel. It represents domestic energy that carries the benefits of domestic jobs and energy security, especially at a time when many countries we import oil from really don't like us. Balance of trade improves, tax revenues increase more »
EOG Resources (NYSE: EOG) raised production growth guidance for 2012 on the strength of the company’s aggressive development programs targeting the Eagle Ford Shale in Texas and the Bakken play in North Dakota and Montana. The company also reported solid progress on its operations in the Permian Basin in Texas and New Mexico.
EOG Resources raised production growth for the company to 9% for 2012, up from more »