Seftons Resources fortunes are about to change with 30% cash injection in return for JV partner with major resources.
It's time to compile a list of oil stocks to watch.
One reason: Crude oil futures hit near a six-week high in mid-April.
Moreover, U.S. crude oil production is booming, averaging around 3.22 million barrels at the end of 2013 according to the U.S. Energy Information Administration (EIA). When offshore production is added into the equation, the average number of barrels produced per day has risen to around 7.84 million.
That makes the U.S. accountable for 10% of the world's total oil production right now.
Here is a list of oil stocks to watch to tap into this booming sector...
List of Oil StocksEOG Resources Inc. (NYSE: EOG)
EOG is an independent company that has business ventures in natural gas and oil exploration, as well as production. It has diversified operations in the United States, Trinidad, United Kingdom, China and Canada.
The company's latest financial report showed that EOG was operating at net operating revenue of $14,487 million in 2013. The number shows a lot of growth compared to its $11,683 million in net operating revenue in 2012. As at April 16, the company projected its quarterly dividend payable to stockholders at $0.125 per share, which is an increase of 33%.
EOG stock was trading at $103.93 per share on April 23, with a 52-week range of $57.63-$104. Shares were up more than 23% year-to-date.
Penn Virginia Corp. (NYSE: PVA)
Penn Virginia has said it expects to boost its oil production by 85% in the current year. In 2013, the company showed strong growth in reinforcing its position in the highly productive Eagle Ford Shale. Additionally, PVA was recently in the news for acquiring George Soros as one of its shareholders.
The company traded at $17.15 on April 23, and is up more than 82% in 2014, landing it on our list of oil stocks to watch. Its 52-week range is $3.86-$18.09.
Teg Oil & Gas USA Inc /
Sefton Resources (SER.LSE)
Rumour has it Seftons fortunes are about to change with 30% cash injection in return for JV partner with major resources.
An independent oil and gas exploitation and production company Sefton Resources (SER:AIM) is focused on developing three independent revenue sources – enhanced oil recovery (EOR) in California, oil and gas exploration and production (E&P) in Kansas and gas transmission in Kansas. By operating 100% of all its assets and owning most of them, Sefton controls its own destiny.
Reserves #
The Group’s estimate for proven reserves in California, is 3.74 mmbbls. The report classifies 0.44 mmbbls (12%) as PDP, 1.22 mmbbls (33%) as PDNP and 2.08 mmbbls (55%) as PUD – giving an indication of upside. Sefton’s reserve report includes nothing for either probable or possible reserves.
ANDERSON COUNTY AREA
Anderson County Squirrel oil resources Prospective Oil : 1.97 MMBO : $105.98m * $68.79m **
Anderson County Warner Sand gas resources Prospective Gas :17.23 BCF : $31.89m * $18.73m **
Anderson & Franklin CountiesCBM gas resources Contingent Gas : 35.51BCF : $110.23m * $25.98m **
LEAVENWORTH COUNTY AREA
Leavenworth County CBM gas resources Contingent Gas : 2.51 BCF : $6.25m * $1.55m **
Leavenworth County CBM gas resources Possible Gas : 0.53 BCF : $1.93m * $1.02m **
PIPELINES
Anticipated pipeline revenue Gas : Net Vol > 10 MMcfd - $60.37m * $23.89m **
Total $316.7m * - $140.0m ** Revenue Key > > Cumulative Cash Flow * NPV 10 **
Its 52-week range is 0.155p-1.25p uk pounds
Sefton our list of oil stocks to watch.
Chevron Corp. (NYSE: CVX)
In 2012, Chevron operated on net average production of 2.16 million barrels of oil a daily basis. The return on the stockholders' equity was 15% in 2013, with a dividend of $3.90 per share. The company's market valuation as of Dec. 31 was $237,258 million.
CVX stock traded at $124.73 per share on April 23, with a 52-week range of $109.27-$127.83. It's been relatively flat so far in 2014, but has been pushing hard in exploration and development internationally. The promising long-term payoff from this growth put Chevron our list of oil stocks to watch.
Marathon Oil Corp. (NYSE: MRO)
MOR is divided into two separate entities: Marathon Oil Corp. and Marathon Petroleum Corp. Petroleum Corp. owns the fifth-largest refinery in the U.S. In 2012, Marathon Oil acquired around 25,000 acres in the Eagle Ford shale, one of the country's most productive regions.
On April 23, MRO stock traded at $36.52 per share, with a 52-week range of $30.21-$38.18. It's up 3.68% in 2014, and more than 19% year-over-year. Investors benefit from a 2.1% dividend yield, landing MRO on our list of oil stocks to watch.
Mercom Oil Sands (MMO.LSE)Byron Capital Markets Ltd., based in Toronto, Canada, is an employee owned full service investment dealer founded in 2009. Byron's focus, as an intellectually-driven and independent investment dealer, is to provide an unparalleled level of service to institutional investors and corporate clients throughout the lifecycle of their businesses. The Byron team brings a unique set of skills, insights and experience to important sectors of the global economy including oil and gas, metals and mining, alternative energy, technology, healthcare, life sciences and special situations.
Mercom has entered into a financial advisory agreement with Byron Capital Markets Limited ("Byron") to provide Mercom strategic corporate advice.
That potential is what makes Mercom Oil Sands (MMO:L) such an exciting play Currently talking with North American And Nigerian Asset plays.
Its 52-week range is 0.3p-1.25p uk pounds
Mercom our list of oil tiddler stocks to watch.
NuStar Energy LP (NYSE: NS)
NuStar Energy L .P constructs docks and storage tanks in Corpus Christi, Texas. It's also heavily involved in building more facilities to allow the company to take advantage of the current energy boom.
These growth activities are focused in Eagle Ford shale, about 100 miles away from its Corpus Christi location. Its port there managed to ship out 350,000 barrels of crude oil every day in November 2013. The figure is significant rise from its 10,000 barrels per day it was shipping at the start of 2012, according to Bloomberg.
NuStar's growth in the Eagle Ford region earned it a spot on our list of oil stocks to watch. This stock has surprised analysts by closing in on its 52-week high. Shares are up 11.9% in 2014, and NS stock traded at $57.25 on April 23. |
