• 4 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 6 minutes UAE says four vessels subjected to 'sabotage' near Fujairah port
  • 9 minutes Why is Strait of Hormuz the World's Most Important Oil Artery
  • 13 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 8 hours California's Oil Industry Collapses Despite Shale Boom
  • 6 hours Greenpeace Blocks BP HQ
  • 12 hours Knock-Knock: Aircraft Carrier Seen As Barometer Of Tensions With Iran
  • 16 hours The Consequences: Full-Blown Trade War Will Push World Towards Recession
  • 3 hours Shale to be profitable in 2019!!!
  • 41 mins Balancing Act---Sanctions, Venezuela, Trade War and Demand
  • 13 hours Australian Voters Reject 'Climate Change' Politicians
  • 16 hours IMO2020 To scrub or not to scrub
  • 20 hours Global Warming Making The Rich Richer
  • 11 hours UK Needs New Wind Turbines
  • 10 hours Will Canada drop Liberals, vote in Conservatives?
  • 2 hours DUG Rockies: Plenty Of Promise, Despite The Politics
  • 17 hours Did Saudi Arabia pull a "Jussie Smollett" and fake an attack on themselves to justify indiscriminate bombing on Yemen city population ?
  • 20 hours California Threatens Ban on ICE Cars
  • 22 hours Shell ‘to have commercial wind farms’ by early 2020s
Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

What These Five Companies Can Tell Us About The Oil Space

I'd like to follow up today on several stocks that I know interest you and have interested me in the past. My readers know the stocks I currently recommend, but wonder about those that I've touched on in the past but have abandoned. Let's look at Anadarko Petroleum (APC), Devon Energy (DVN), Linn Energy (LINE), Whiting Petroleum (WLL) and Oasis Petroleum (OAS).

Anadarko has arguably the most interesting and strategically diverse assets of any U.S. independent. With a strong presence in the Wolfcamp Permian and Wattenberg, shale production is well covered with quality acreage. This goes along with first rate prospects in the Gulf of Mexico (GoM) and a very deep commitment to LNG in Mozambique. Together, these assets cover the best of U.S. oil and gas production potential that I am seeing. But some issues have left Anadarko slightly behind as I have tried to cull the best potential investments in the E+P space.

For one, I would have liked for Anadarko to be far more aggressive in sequestering and non-completion of wells in this discount environment, and their Capex cut, while large at 30 percent, didn't measure up to the austerity budgeting I thought was needed for this cycle. But in looking more closely at their portfolio, you become convinced that their assets in the Wattenberg and GoM are going to be last, even in a rising crude environment, to pay shareholders back. It's not that I don't like Anadarko – I actually love them – it's just that I want…




Oilprice - The No. 1 Source for Oil & Energy News