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Energy Sector Snapshot (Part 2)

April 18, 2013

Stock of the Day

23 Oil Companies That Won't Tap Into Profits

I couldn't have planned it better. The day after I highlighted Midwest refiners as a bright spot in the energy sector, we're seeing many of them rebounding in full force today. As you can see from the heat map below, the energy sector is awash in green while much of the S&P 500 is in the red today.

It appears that the investors who sold off yesterday may be realizing that they overreacted. The fact remains that global demand for oil is on the rise and there is long-term profit potential supporting many North American oil and gas companies.

But that's not to say that you should go out and load up on any and all energy stocks. Despite the catalysts that are bolstering profits for many companies, some household names have missed the boat. In fact, you may be surprised to find out that some of the biggest names in energy are actually more trouble than they're worth. To help keep you focused on the best profit opportunities around, here are 23 companies that you'll want to steer clear of.

Symbol Company Name Quantitative Grade Fundamental Grade My Recommendation
APA Apache Corp. F D Strong Sell
APC Anadarko Petroleum Corp. D C Sell
BP BP PLC ADS F C Sell
CHK Chesapeake Energy Corp. D C Sell
CIE Cobalt International Energy Inc. D C Sell
CNQ Canadian Natural Resources Ltd. F D Strong Sell
CVE Cenovus Energy Inc. F D Strong Sell
DVN Devon Energy Corp. F D Strong Sell
E ENI S.p.A. ADS D D Sell
EC Ecopetrol S.A. ADR F C Sell
ECA Encana Corp. D D Sell
MRO Marathon Oil Corp. D D Sell
OXY Occidental Petroleum Corp. F C Sell
PBR Petrobras Petroleo Brasileiro ADR F D Strong Sell
PTR PetroChina Co. Ltd. ADS F C Sell
PXD Pioneer Natural Resources Co. D D Sell
RDS.A Royal Dutch Shell PLC ADS Cl A F C Sell
SE Spectra Energy Corp. D D Sell
SSL Sasol Ltd. ADS F C Sell
STO Statoil ASA ADS F C Sell
SU Suncor Energy Inc. F D Strong Sell
TLM Talisman Energy Inc. F D Strong Sell
WPZ Williams Partners L.P. D D Sell

Sincerely,

Louis Navellier

Louis Navellier

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