VBIN's oil stock thread.

[EricL]

(03-02-2022, 02:15 AM)vbin Wrote: @EricL what oil tikrs you looking at currently? Thoughts on psx, et, oxy?

I am looking at E&P's and drillers/suppliers mostly. I think they have much more upside than midstream, as midstream companies don't have as much earnings upside from higher prices.

OXY should do quite well with higher prices, as higher cash flows will overwhelm their substantial debt problems. The company has good acreage and production, the problem was the debt, and that problem is quickly being erased as they pay it down with strong cash flows.

I think the majors are still worth buying but are much closer to fair value than the smaller players. I'll continue holding CVX, EOG, KMI and XOM in my dividend portfolio, and expect they will all continue growing dividends.

I don't like recommending any one name specifically, but some names I own are:

E&P: CPG, CVE, OVV, EGY, OBE, ATHOF
Coal: BTU, ARCH
Nat Gas: CHK, VET
Solar: SEDG, ENPH
Drilling Services: HP

I don't own any of these, but am watching.
Frac Sand: SLCA
Oilfield Services: CLB
Drilling Services: ICD
Tankers: FRO, NAT, STNG, TNK