Best Energy Stocks To Buy For 2023

Petroleo Brasileiro S.A. or Petrobras (PBR Quick QuotePBR ) recently announced that it completed the non-binding phase of the sale of its full 27.88% ownership holding in Deten Qumica S.A. (Deten) and now began the project’s binding phase. Prospective buyers who qualified for this phase will get a process letter outlining the divestiture process in full including rules for due diligence and the submission of binding offers.

Earlier in June, the company commenced the sale process of its full ownership in the petrochemical company Deten. Per management, the plan was in sync with the energy player’s strategy to reduce expenses and enhance its capital allocation for maximizing shareholder value.

Located in the Camaçari industrial complex in Bahia, Deten petrochemical is the sole national manufacturer of Linear Alkylbenzene (LAB) and involved in manufacturing and selling major raw ingredients used in the production of biodegradable liquid and powder detergents.

Best Energy Stocks To Buy For 2023: EV Energy Partners, L.P.(EVEP)

EV Energy Partners, L.P. engages in the acquisition, development, and production of oil and natural gas properties in the United States. Its properties are located in the Barnett Shale; the Appalachian Basin; the San Juan Basin; Michigan; Central Texas; the Mid–Continent areas in Oklahoma, Texas, Arkansas, Kansas, and Louisiana; the Monroe Field in Northern Louisiana; and the Permian Basin. As of December 31, 2015, the company had estimated net proved reserves of 22.0 million barrels of oil; 747.0 billion cubic feet of natural gas; and 36.3 million barrels of natural gas liquids. EV Energy GP, L.P. serves as the general partner of EV Energy Partners, L.P. EV Energy Partners, L.P. was founded in 2006 and is based in Houston, Texas.

Advisors’ Opinion:

  • [By Ethan Ryder]

    Newfield Exploration Co. (NYSE:NFX) – Stock analysts at B. Riley upped their Q3 2018 earnings estimates for shares of Newfield Exploration in a research note issued to investors on Tuesday, October 9th. B. Riley analyst R. Rashid now expects that the energy company will post earnings per share of $0.87 for the quarter, up from their prior estimate of $0.82. B. Riley also issued estimates for Newfield Exploration’s Q4 2018 earnings at $1.09 EPS, FY2018 earnings at $3.72 EPS, Q1 2019 earnings at $1.07 EPS, Q2 2019 earnings at $1.20 EPS, Q4 2019 earnings at $1.62 EPS, FY2019 earnings at $5.27 EPS, Q1 2020 earnings at $1.72 EPS, Q3 2020 earnings at $1.90 EPS and FY2020 earnings at $7.49 EPS.

  • [By Matthew DiLallo]

    However, while the entire sector looks undervalued, two sticks stand out as being insanely cheap versus their peers: EQT Corp. (NYSE:EQT) and Newfield Exploration (NYSE:NFX). Value investors will want to take a closer look at these two energy companies.

  • [By Joseph Griffin]

    BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its holdings in Newfield Exploration Co. (NYSE:NFX) by 21.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,982 shares of the energy company’s stock after selling 23,320 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Newfield Exploration were worth $2,571,000 at the end of the most recent quarter.

Best Energy Stocks To Buy For 2023: Ballard Power Systems, Inc.(BLDP)

Ballard Power Systems Inc. (Ballard), incorporated on November 12, 2008, is engaged in the design, development, manufacture, sale and service of fuel cell products for a range of applications. The Company is focused on its power product markets of heavy-duty motive (consisting of bus and tram applications), portable power, material handling and telecom backup power, as well as the delivery of technology solutions, including engineering services, and the license and sale of its intellectual property portfolio and fundamental knowledge for a range of fuel cell applications. The Company operates in the Fuel Cell Products and Services segment. The Company offers products in three product classes: Fuel cell stacks, Fuel cell modules and Fuel cell systems. The Company’s fuel cell and non-fuel cell products, include FCveloCity Fuel Cell Products, including FCveloCity-9SSL, FCveloCity-1020ACS and FCveloCity modules, and FCgen Fuel Cell Products and System Products, including FCgen-1020ACS, ElectraGen-H2 and ElectraGen-ME. The Company provides fuel cell modules for public transit systems, including buses and light rail.

The Company designs and manufactures the FCveloCity fuel cell module platform, which in various forms is capable of delivering 30 kilowatts to 200 kilowatts of power for use in the heavy duty motive market. The Company supplies the fuel cell modules to hybrid drive, bus and light rail manufacturer customers that deliver zero-emission fuel cell-powered vehicles to transit operators around the world. Ballard provides FCgen and FCveloCity fuel cell stacks to original equipment manufacturer (OEM) customers and system integrators that use the stacks to produce fuel cell systems for power solutions. Ballard builds the stacks into self-contained FCveloCity motive modules that are plug-and-play into a larger system. Ballard also builds fuel cell systems for stationary power markets that are designed to solve certain energy needs of its customers. The ElectraGen product lines provide fuel-flexible (hydrogen and methanol) system solutions for Backup power markets. Ballard’s technology solutions offering primarily involves the provision of engineering services and customer access through licensing to Ballard’s intellectual property portfolio.

The Company has research and development, testing, manufacturing and service facilities in Burnaby, British Columbia. In the United States, the Company has research and development facilities in Bend, Oregon, and has a sales, manufacturing, and research and development facility in Southborough, Massachusetts. The Company uses a contract manufacturing facility in Tijuana, Mexico. The Company also has a sales, service and research and development facility in Hobro, Denmark.

The Company competes with Hydrogenics, Nedstack, Horizon Fuel Cell, Smart Fuel Cell, Hyster-Yale, Dantherm Power, Altergy, Plug Power, FuelCon, Greenlight Innovation, Intelligent Energy and Ricardo.

Advisors’ Opinion:

  • [By Neha Chamaria (TMFNehams)]

    On Sept. 8, too, Ballard Power Systems’ (NASDAQ:BLDP) subsidiary, Ballard Fuel Cell Systems, announced a partnership with industrials giant Eaton to develop fuel-cell technology for heavy-duty trucks. Just the previous day, Germany-based Quantron tied up with Ballard Power to use its fuel-cell modules in electric trucks scheduled for delivery later next year.

  • [By John Bromels]

    Will fuel cells be the next “best thing since sliced bread”? Or has the once-promising technology already started going the way of the typewriter and the unsliced commercial loaf? Well, two of the leading fuel cell companies, Ballard Power Systems (NASDAQ:BLDP) and Bloom Energy (NYSE:BE), are working hard to make sure it’s the former. Let’s take a look at both of them to see which one is the better buy. 

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