2010 Oil Stock Picks: Best returns so far

By: ispeculatornew
Date posted: 01.26.2010 (5:00 am) | Write a Comment  (3 Comments)

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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.



TickerNameMarket CapPriceFees1Y ReturnDividend Yield
BKLNPowerShares Senior Loan Portfolio$6,830,297,363.28$24.910.663.934.31
FTSLFirst Trust Senior Loan ETF$159,294,494.63$49.780.85N/A2.94
VMBSVanguard Mortgage-Backed Securities ETF$388,066,558.84$51.730.120.661.09

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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3 Comments

  1. Comment by John — January 26, 2010 @ 4:57 pm

    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.

  2. Pingback by Economy and your finances carnival Feb 21st 2010 — February 20, 2010 @ 11:26 pm

    […] Speculator presents 2010 Oil Stock Picks: Best returns so far posted at Intelligent Speculator, saying, “Oil is back in the news as it went back up to 75$ […]

  3. […] Speculator presents 2010 Oil Stock Picks: Best returns so far posted at Intelligent Speculator, saying, “Oil is back in the news as it went back up to 75$ […]

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