2010 Oil Stock Picks: Best returns so far
Oil is back in the news as it went back up to 75$ in yesterday’s trading. Not too long ago, I had gone into the top oil stock picks for 2010 and it is now already a good time to see what is working and what isn’t. It might be early but this provides with opportunities to look at what has been working and what hasn’t in this first month of 2010. The good plays have not been around the major players as both Exxon (XOM) and Chevron (CVX) have negative returns so far in 2010.
One of the interesting trends in my opinion is that the best performers have generally been local US companies instead of those major international ones. Exxon has been awarded a contract in Iraq but there continues to be so much uncertainty involved when dealing in such regions that investors have preferred buying companies that are exploring in or close to the continental United States.
Ticker Name Market Cap Price P/E Total Return YTD
MMR MCMORAN EXPLORATION CO 1329326976 15.36 91.521179
TRGL TOREADOR RESOURCES CORP 270132992 13.05 31.81819
HUSA HOUSTON AMERICAN ENERGY CORP 230726304 7.84 818.800171 27.272734
APL ATLAS PIPELINE PARTNERS LP 634847488 12.48 4.666667 27.217115
SJT SAN JUAN BASIN ROYALTY TR 1035180992 21.73 21.467079 26.044083
BBEP BREITBURN ENERGY PARTNERS LP 738978816 13.17 4.118382 24.362606
CVI CVR ENERGY INC 733988224 8.52 7.727273 24.198256
WPZ WILLIAMS PARTNERS LP 2045126016 37.939999 18.64423 23.703941
BAS BASIC ENERGY SERVICES INC 447563712 10.99 23.483149
BKEP BLUEKNIGHT ENERGY PARTNERS L 368432704 10.8 22.866898
XTXI CROSSTEX ENERGY INC 346443488 7.42 22.644625
PXP PLAINS EXPLORATION & PRODUCT 4704146944 33.389999 5.061469 20.715834
SWSI SUPERIOR WELL SERVICES INC 546829312 17.059999 19.635338
HPCO HALLADOR PETROLEUM CO 263701200 9.3 12.83784 18.471342
CQP CHENIERE ENERGY PARTNERS LP 2562386944 15.2 25.959999 17.738188
WMZ WILLIAMS PIPELINE PARTNERS L 951241472 28.02 18.402599 17.731098
FST FOREST OIL CORP 2970763008 26.059999 6.10115 17.123592
KEG KEY ENERGY SERVICES INC 1255539968 10.27 16.83732
BRNC BRONCO DRILLING CO INC 157589104 5.83 14.990132
MVO MV OIL TRUST 256333904 22.52 14.338011
GLP GLOBAL PARTNERS LP 340097408 26.16 10.84171 13.937286
UNT UNIT CORP 2332754944 48.400002 15.79421 13.882357
ME MARINER ENERGY INC 1353596032 13.14 21.737711 13.178301
RES RPC INC 1192450048 11.77 1516.25 13.173085
PVA PENN VIRGINIA CORP 1095602048 23.959999 12.54109
With oil at 75$ or so, there have been some good opportunities and that is especially true for McMoran Exploration Company (MMR) which explores and produces oil and natural gas offshore in the Gulf of Mexico and onshore in theGulf Coast area. The stock is up over 90% so far this year after new oil discoveries in the Gulf of Mexico.
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Love the blog and the series 2010 best picks!!! Continue on your great work!
3 others comments:
- Great return for MMR!! But RSI is quite high now, I would not buy it now.
- But for HUSA, P/E @ 818.9, I am quite surprised!! Pretty speculative no?
- I am also curious for ETFs… how are their returns? Is there a way to compare return vs volatility?
Thanks.