Top Energy Stocks To Buy For 2023


U.S. stock futures edged up ahead of comments from Federal Reserve Chairman Jerome Powell that could yield clues as to when the central bank will begin scaling back its asset purchases.

S&P 500 futures gained 0.3% and futures tied to the Dow Jones Industrial Average rose 0.2%. Changes in equity futures don’t necessarily predict movements after the markets open.

In Europe, the Stoxx Europe 600 fell 0.2% in morning trade as gains in energy and real-estate sectors were offset by losses in utilities and healthcare sectors.

John Wood Group
jumped 3.1% for a three-session run of gains.

The U.K.’s FTSE 100 meandered after the flat line. Other stock indexes in Europe were mixed as the U.K.’s FTSE 250 was broadly flat, whereas France’s CAC 40 was down 0.3% and Germany’s DAX was lower 0.2%.

Top Energy Stocks To Buy For 2023: BONTERRA ENERGY CORP(BNEFF)


Bonterra Energy Corp., an upstream oil and gas company, engages in the production and sale of crude oil, natural gas, and natural gas liquids. It primarily focuses on the development of its Cardium land within the Pembina and Willesden Green areas located in west central Alberta. The company also holds interests in the Shaunavon area located in southwest Saskatchewan, and the Prespatou area located in northeast British Columbia. Bonterra Energy Corp. was incorporated in 2013 and is headquartered in Calgary, Canada.

Advisors’ Opinion:

  • [By ]

    Salzgitter (OTCMKTS:SZGPY) and Bonterra Energy (OTCMKTS:BNEFF) are both basic materials companies, but which is the superior stock? We will compare the two businesses based on the strength of their institutional ownership, dividends, profitability, analyst recommendations, valuation, earnings and risk.

  • [By ]

    The market values Bonterra (OTCPK:BNEFF), with a similar production mix, at about C$70,000 boe/d. But Bonterra realizes higher netbacks due to higher realized prices and lower costs to replace the depleted reserves.

  • [By ]

    That said, Razor’s oil-weighted peers are Gear Energy (OTCPK:GENGF), Granite Oil (OTCQX:GXOCF), Altura Energy (ATU.V), Bonterra Energy (OTCPK:BNEFF), Surge Energy (OTCPK:ZPTAF), Yangarra Resources (OTCPK:YGRAF) and InPlay Oil (OTCQX:IPOOF).

Top Energy Stocks To Buy For 2023: WPX Energy, Inc.(WPX)

On December 31, 2011 (the “Distribution Date”), WPX Energy, Inc. became an independent, publicly traded company as a result of a distribution by The Williams Companies, Inc. (“Williams”) of its shares of WPX to Williams’ stockholders. On the Distribution Date, Williams’ stockholders of record as of the close of business on December 14, 2011 (the “Record Date”) received one share of WPX common stock for every three shares of Williams’ common stock held as of the Record Date (the “Distribution”). WPX is comprised of Williams’ former natural gas and oil exploration and production business. Our common stock began trading “regular-way” under the ticker symbol “WPX” on the New York Stock Exchange on January 3, 2012.
Our principal executive offices are located at One Williams Center, Tulsa, Oklahoma 74172. Our telephone number is 855-979-2012.
WPX ENERGY, INC.   Advisors’ Opinion:

  • [By Joseph Griffin]

    Northland Securities reaffirmed their buy rating on shares of WPX Energy (NYSE:WPX) in a research report released on Tuesday. They currently have a $20.00 target price on the oil and gas producer’s stock.

  • [By Motley Fool Transcribers]

    WPX Energy Inc  (NYSE:WPX)Q4 2018 Earnings Conference CallFeb. 21, 2019, 10:00 a.m. ET

    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:

    Operator

  • [By Matthew DiLallo]

    However, oil prices have declined significantly since the company previewed its 2019 plans. That plunge caused several rivals to cut their spending in 2019. WPX Energy (NYSE:WPX), for example, initially expected to invest between $1.45 billion and $1.65 billion in 2019, which was an increase from its $1.3 billion to $1.4 billion range for 2018. WPX Energy has since slashed its budget range down to $1.1 billion-$1.275 billion in response to the decline in oil prices, which have gone from above $70 a barrel in early October to the low $50s in recent weeks.

  • [By Matthew DiLallo]

    Meanwhile, WPX Energy (NYSE:WPX) is cutting its 2019 capital budget. The company initially expected to spend between $1.45 billion and $1.65 billion this year, which would have been enough money to grow its U.S. oil volumes 25% to 30% from last year’s level. The recent crash in crude prices, however, forced the company to reduce the range to between $1.1 billion and $1.275 billion, which is still enough to increase its output 20% from 2018’s average. Overall, the company noted that it’s forecasting only a 6% impact on its original production guidance despite a 23% spending reduction.

Top Energy Stocks To Buy For 2023: CVR Refining, LP(CVRR)


CVR Refining, LP, incorporated on September 17, 2012, is an independent downstream energy limited partnership. The Company has refining and related logistics assets that operate in the mid-continent region. The Company is a petroleum refiner and it owns approximately two refineries in the underserved Group 3 of the PADD II region of the United States. The Company owns and operates a full coking medium-sour crude oil refinery in Coffeyville, Kansas with a capacity of approximately 115,000 barrels per calendar day (bpcd) and a crude oil refinery in Wynnewood, Oklahoma with a capacity of over 70,000 bpcd capable of processing over 20,000 bpcd of light sour crude oils. The Company also controls and operates supporting logistics assets, including approximately 340 miles of owned and leased pipelines; approximately 150 crude oil transports; a network of crude oil gathering tank farms; over 7.0 million barrels of owned and leased crude oil storage capacity, and approximately 4.5 million barrels of combined refinery related storage capacity. The Company processes a variety of crudes, including West Texas sour (WTS), West Texas intermediate (WTI), sweet and sour Canadian, and locally gathered crudes. The Company offers refined products primarily to retailers, railroads and farm cooperatives and other refiners/marketers in Group 3 of the PADD II region.


The Company’s Coffeyville refinery’s product yield included gasoline (46%), diesel fuel (primarily ultra-low sulfur diesel) (43%), and pet coke and other refined products, such as natural gas liquids (NGLs) (propane and butane), slurry, sulfur and gas oil (11%). The Company’s Wynnewood refinery’s product yield included gasoline (52%), diesel fuel (primarily ultra-low sulfur diesel) (36%), asphalt (5%), jet fuel (4%) and other products (3%), including slurry, sulfur, gas oil and specialty products, such as propylene and solvents. The Company also has approximately 35,000 barrels per day of contracted capacity on the keystone and spearhead pipelines, through which the Company supplies Canadian and Bakken crudes to its refineries. In addition, the Company owns approximately 170,000 barrels per day pipeline system that transports crude oil from its Broome Station facility to its Coffeyville refinery; approximately 1.5 million barrels of crude oil storage capacity that supports the gathering system and its Coffeyville refinery; approximately 0.9 million barrels of crude oil storage capacity at its Wynnewood refinery, and approximately 1.5 million barrels of crude oil storage capacity in Cushing, Oklahoma. The Company also leases additional crude oil storage capacity of approximately 2.8 million barrels in Cushing and approximately 0.2 million Duncan, Oklahoma, and 0.1 million barrels at its Wynnewood refinery.


The Company’s Coffeyville refinery processes blends of a variety of crude oil ranging from heavy sour to light sweet crude oil. Its Coffeyville refinery crude oil slate consists of a blend of mid-continent domestic grades and various Canadian medium and heavy sours, as well as North Dakota Bakken and other similarly sourced crudes into its crude slate. The Company’s Coffeyville refinery’s crude oil supply blend consists of approximately 85.4% light sweet crude oil, 12.8% heavy sour crude oil and 1.8% light/medium sour crude oil. The Coffeyville refinery operations include fractionation, catalytic cracking, hydrotreating, reforming, coking, isomerization, alkylation, sulfur recovery and propane and butane recovery. The Coffeyville refinery has approximately two crude oil distillation and vacuum towers, over three sulfur recovery units and over four hydro treating units. Its Coffeyville refinery processed approximately 113,300 barrels per day and over 8,400 barrels per day of crude oil and feedstocks and blends stocks.


The Company’s Wynnewood refinery processes blends of a variety of crude oil ranging from medium sour to light sweet crude oil, although isobutane, gasoline components, and normal butane are also typically used. The Company’s Wynnewood refinery’s crude oil supply blend comprised approximately 99.5% sweet crude oil and approximately 0.5% light/medium sour crude oil. The Wynnewood refinery operations include fractionation, cracking, hydrotreating, hydrocracking, reforming, solvent deasphalting, alkylation, sulfur recovery and propane and butane recovery. The Wynnewood refinery has over two crude oil distillation and vacuum towers and four hydro treating units. The Company’s Wynnewood refinery processed approximately 79,800 barrels per day and 3,300 barrels per day of crude oil and feedstocks and blendsstocks, respectively.


The Company competes with Phillips 66, HollyFrontier, CHS, Valero and Flint Hills Resources.

Advisors’ Opinion:

  • [By Motley Fool Transcribers]

    CVR Refining LP  (NYSE:CVRR)Q4 2018 Earnings Conference CallFeb. 21, 2019, 3:00 p.m. ET

    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:

    Operator

  • [By Max Byerly]

    First Allied Advisory Services Inc. purchased a new position in shares of CVR Refining LP (NYSE:CVRR) in the second quarter, Holdings Channel reports. The fund purchased 12,844 shares of the oil and gas company’s stock, valued at approximately $286,000.

Top Energy Stocks To Buy For 2023: CONSOL Energy Inc.(CEIX)


CONSOL Energy Inc. produces and exports bituminous coal. It operates through PAMC, CONSOL Marine Terminal, and Other segments. The company mines, prepares, and markets thermal coal; and offers coal export terminal services, as well as develops the Itmann Mine and the Greenfield reserves. It owns and operates the Pennsylvania Mining Complex (PAMC), which includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the Central Preparation Plant; and CONSOL Marine Terminal located in the port of Baltimore. As of December 31, 2020, the company had 657.9 million tons of proven and probable coal reserves at PAMC. It also owns approximately 1.5 billion tons of Greenfield reserves located in the Northern Appalachian, Central Appalachian, and Illinois basins. The company was founded in 1860 and is headquartered in Canonsburg, Pennsylvania.


Advisors’ Opinion:

  • [By Motley Fool Transcribers]

    Consol Energy Inc  (NYSE:CEIX)Q4 2018 Earnings Conference CallFeb. 07, 2019, 11:00 a.m. ET

    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:

    Operator

  • [By Stephan Byrd]

    Van ECK Associates Corp decreased its stake in Consol Energy Inc (NYSE:CEIX) by 91.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,898 shares of the company’s stock after selling 648,876 shares during the period. Van ECK Associates Corp’s holdings in Consol Energy were worth $2,297,000 at the end of the most recent reporting period.

  • [By Max Byerly]

    IndexIQ Advisors LLC trimmed its holdings in shares of Consol Energy Inc (NYSE:CEIX) by 40.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,686 shares of the company’s stock after selling 3,938 shares during the period. IndexIQ Advisors LLC’s holdings in Consol Energy were worth $218,000 at the end of the most recent quarter.

  • [By Max Byerly]

    Get a free copy of the Zacks research report on Consol Energy (CEIX)


    For more information about research offerings from Zacks Investment Research, visit Zacks.com

Top Energy Stocks To Buy For 2023: Chesapeake Energy Corporation(CHK)

Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. It operates in two segments, Exploration and Production, and Marketing, Gathering and Compression. The company holds interests in natural gas resource plays, including the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania; and the Barnett Shale in the Fort Worth Basin of north-central Texas. It also holds interests in liquids-rich resource plays, such as the Eagle Ford Shale in South Texas; the Utica Shale in Ohio and Pennsylvania; the Anadarko Basin in northwestern Oklahoma and the Texas Panhandle; and the Niobrara Shale in the Powder River Basin in Wyoming. The company owns interests in approximately 43,700 oil and natural gas wells. As of December 31, 2015, it had estimated proved reserves of 1.504 billion barrels of oil equivalent. The company also provides oil, natural gas, and NGL marketing services comprising commodity price structuring, securing and negotiating gathering, hauling, processing and transportation, contract administration, and nomination services for Chesapeake-operated wells; and marketing services for third-party producers, as well as designs, engineers, fabricates, installs, and sells natural gas compression units, accessories, and equipment used in the production, treatment, and processing of oil and natural gas. Chesapeake Energy Corporation was founded in 1989 and is headquartered in Oklahoma City, Oklahoma.

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