Many oil stocks were beaten up in as oil prices continued to be depressed.

However, toward the end of the year, some relief came into sight. OPEC made moves to help relieve the oil oversupply that has been keeping prices down.

Companies that have been holding back on productivity can now afford to increase production and expect a reasonable return on investment ROI. OPEC Expects Stable Oil Prices. These five stocks are poised to turn higher oil prices into profits. Each of these companies has been gathering assets that will produce income in They have managed to survive through efficiency measures up to now and are ready to expand. EOG Resources EOG is unique in its approach to choosing drilling sites. The company has used the period of depressed oil prices to divest itself of non-premium sites and focus on acquiring premium ones.

It acquired Yates Petroleum in , giving it extensive acreage in the Delaware Basin, where the company can use larger rigs to increase productivity and efficiency. The stock has seen its share price rise steadily since its breakout in August , and in fact had another breakout in early December.

It continues to find support at its day moving average.

Revenues have risen for the four quarters, helping the company cut its income losses. It is poised to have positive income in Comstock Resources CRK , based in Frisco, Texas, may be the quietest success story in the oil patch.

It had two breakouts last August and has moved upward since then. It continues to find support at its day moving average, and up volume has been beating down volume for months. Quarterly reports are showing increased revenues. Comstock formed a joint development venture with USG Properties Haynesville on January 9, , and now has access to an additional 3, acres that will bear 20 wells.

Looking at the fundamentals for Devon Energy DVN , the company reported positive income in the most recent quarter.

Energy Companies - isycihe.web.fc2.com

This base could serve as the foundation for the next breakout. Investors can either buy into the current base or wait for it to breakout. Enterprise Products Partners EPD is not a driller, it is a pipeline and storage company. It is less susceptible to the price of oil, because it has paying contracts with companies for transportation and storage of their oil.

The stock pulled out of a long downturn last November and has been rising since. Its day moving average is about to cross above its day moving average.

The last downtrend shook out a lot of sellers, so buyers may dominate this stock throughout Offshore drillers like Atwood Oceanics ATW were hit hard by the downturn in oil prices. The recent rise in oil prices has put Atwood in a position to service the needs of oil companies that want offshore rigs. This company drills worldwide. The stock rose steeply in December of last year and is now in a base that is trending sideways.

This formation often results in an upward break in price, so watch for a high-volume day that will send this stock soaring into Watch the price of oil and perform due diligence on each of these stocks to make sure they are taking advantage of the relief from oversupply of oil.

What Determines Oil Prices?

Five Upcoming IPOs That Should Be On Every Investor's Radar - Money Morning

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This Mistake Could Cost You Guides Stock Basics Economics Basics Options Basics Exam Prep Series 7 Exam CFA Level 1 Series 65 Exam. Sophisticated content for financial advisors around investment strategies, industry trends, and advisor education. Top 5 Oil Stocks for By Kevin Johnston January 30, — All figures are current as of January 20, This Oklahoma company has been in business since , so it is here to stay.

Enterprise Products Partners LP Enterprise Products Partners EPD is not a driller, it is a pipeline and storage company. The company also runs export docks and exports liquefied petroleum gas. EPD is no newcomer to the oil field, having been established in These energy stocks either remained profitable while oil plunged, or they acquired important assets. Oil has made headlines for its plummeting prices this year.

10 oil stocks that may eventually stage the biggest rebound - MarketWatch

When will prices rise again? Learn about the oil industry and how crude oil effects the prices of oil stock. Understand if now is a good time to purchase oil stock. The company will use the proceeds to boost its oil drilling activities. EOG is doing all the right things to get ready for a change in oil prices. Find out how to invest and protect your investments in this slippery sector. Find out how this commodity's fluctuating price affects more than just how much you pay at the pump.

Learn about the major advantages, disadvantages and risks of investing in oil companies and investing in oil and gas exploration companies. Understand what is happening to global oil prices and why they are so low.

Learn about key factors that can lead to the increase of oil prices. Discover how OPEC, demand and supply, natural disasters, production costs and political instability are some of the major Learn whether the stock market and oil prices will continue their highly correlated price relationship or decouple again Learn the roles that decreased global demand, new supply sources in North America and actions taken by Saudi Arabia played Falling oil prices do not only affect oil companies.

Learn what other types of businesses are unintended victims of the drop EOG , CRK , DVN , EPD , ATW. No thanks, I prefer not making money.

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