Hot Oil Stocks To Watch For 2019

tags:WPZ,RIG,WLL,MMP,  Steve Sjuggerud has been keeping close tabs on oil prices...   In recent months, Steve has highlighted several bearish signs for crude oil, including extreme sentiment among oil speculators and persistently bullish behavior in energy stocks.   This week, he shared another. As he wrote in his latest True Wealth Systems Review of Market Extremes...   Oil prices have crashed in recent weeks... They're down nearly $10 a barrel in the past month. And our short oil trade is up big. We're sitting on 33% profits, as I write. But our thesis hasn't changed... Oil prices can move much lower from here.

Hot Oil Stocks To Watch For 2019: Williams Partners L.P.(WPZ)

Advisors' Opinion:

• [By Tyler Crowe, Jason Hall, and Matthew DiLallo]

  Matt DiLallo (Williams Companies): This natural gas pipeline giant has had a slow start in 2018. Through the first half of the year, cash flow at the company's MLP Williams Partners (NYSE:WPZ) has only increased by about 2%, due mainly to recent asset sales. However, with a major expansion project coming on line, cash flow growth should accelerate in the second half of the year. That project and others in the pipeline have the company on track to grow cash flow 9% in 2018 and another 13% next year.

• [By Lisa Levin] Gainers Loxo Oncology, Inc. (NASDAQ: LOXO) rose 17.1 percent to $163.30 in pre-market trading as the company disclosed that LOXO-292 Phase 1 trial abstract was selected for 'Best of ASCO'. CytomX Therapeutics, Inc. (NASDAQ: CTMX) rose 11.5 percent to $27.15 in pre-market trading after the company announced presentations at the 2018 ASCO Annual Meeting. Check-Cap Ltd. (NASDAQ: CHEK) rose 12.3 percent to $5.47 in pre-market trading after reporting narrower-than-expected Q1 loss. Flotek Industries, Inc. (NYSE: FTK) shares rose 7.1 percent to $3.62 in the pre-market trading session. Baozun Inc. (NASDAQ: BZUN) shares rose 5.8 percent to $47.65 in pre-market trading after reporting Q1 results. World Wrestling Entertainment, Inc. (NYSE: WWE) rose 5.5 percent to $46.00 in pre-market trading. Williams Partners L.P. (NYSE: WPZ) rose 5.3 percent to $40.50 in pre-market trading after The Williams Companies, Inc. (NYSE: WMB) announced agreement to acquire all public equity of Williams Partners in a $10.5 billion deal. Koss Corporation (NASDAQ: KOSS) shares rose 4.6 percent to $2.72 in pre-market trading after surging 12.55 percent on Wednesday. Enphase Energy, Inc. (NASDAQ: ENPH) rose 4.5 percent to $5.85 in pre-market trading after gaining 5.66 percent on Wednesday. Farmer Bros. Co. (NASDAQ: FARM) rose 4.1 percent to $27 in pre-market trading after climbing 7.90 percent on Wednesday. Kosmos Energy Ltd. (NYSE: KOS) rose 4 percent to $7.70 in pre-market trading.

   

• [By Dan Caplinger]

  The stock market stayed in a pretty narrow range on Thursday, climbing early in the session but then slowly drifting lower through the afternoon hours. In the absence of major news, investors largely looked forward to key events like trade negotiations among the world's largest economies. Other financial markets saw mixed moves as well, with 10-year Treasury yields climbing above 3.1% while oil prices stayed comfortably above $70 per barrel. Despite the quiet day, some companies had good news that pushed their shares sharply higher. World Wrestling Entertainment (NYSE:WWE), Chesapeake Energy (NYSE:CHK), and Williams Partners (NYSE:WPZ) were among the best performers on the day. Below, we'll look more closely at these stocks to tell you why they did so well.

Hot Oil Stocks To Watch For 2019: Transocean Inc.(RIG)

Advisors' Opinion:

• [By Joseph Griffin]

  An issue of Transocean LTD (NYSE:RIG) debt rose 2.5% as a percentage of its face value during trading on Thursday. The debt issue has a 6.8% coupon and is set to mature on March 15, 2038. The debt is now trading at $85.45. Price moves in a company’s debt in credit markets often predict parallel moves in its share price.

• [By Neha Chamaria, Jason Hall, and Ashraf Eassa]

  When we asked three Motley Fool contributors to identify a stock they believe is absurdly cheap right now given its prospects, they picked Brookfield Infrastructure Partners (NYSE:BIP), Transocean (NYSE:RIG), and Western Digital (NASDAQ:WDC). Here's why.

• [By Joseph Griffin]

  Get a free copy of the Zacks research report on Transocean (RIG)

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Hot Oil Stocks To Watch For 2019: Whiting Petroleum Corporation(WLL)

Advisors' Opinion:

• [By Matthew DiLallo]

  Whiting Petroleum (NYSE:WLL) bounded upward more than 55% for the quarter, fueled by rising crude prices and its strong first-quarter results. After struggling to scrape by on lower oil prices, Whiting's cash flow has surged this year, providing it enough money to fund its drilling program with more than $100 million to spare during the first quarter.

• [By Logan Wallace]

  Whiting Petroleum Corp (NYSE:WLL)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $46.75, but opened at $48.93. Whiting Petroleum shares last traded at $50.12, with a volume of 80658 shares trading hands.

• [By Stephan Byrd]

  ClariVest Asset Management LLC acquired a new stake in shares of Whiting Petroleum Corp (NYSE:WLL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 53,424 shares of the oil and gas exploration company’s stock, valued at approximately $2,816,000.

Hot Oil Stocks To Watch For 2019: Magellan Midstream Partners L.P.(MMP)

Advisors' Opinion:

• [By John Bromels]

  Speaking of debt, energy infrastructure MLPs tend to take on high levels of it to fund their large infrastructure development projects. That means taking on additional debt to fund a distribution isn't always feasible. Luckily, in the case of Magellan and Enterprise, their conservative management teams have kept them at comparatively good debt ratings and low levels of debt relative to their peers:

  Company Debt Rating Debt-to-EBITDA Ratio (TTM)  Debt-to-Adjusted-EBITDA Ratio (TTM) Magellan Midstream Partners (NYSE:MMP) BBB+/Baa1 3.5 3.3 Enterprise Products Partners (NYSE:EPD) BBB+/Baa1 4.3 3.7 Buckeye Partners BBB-/Baa3 5.0 4.3 Energy Transfer Partners BBB-/Baa3 5.2 N/A

  Data sources: Company presentations and YCharts. TTM = trailing 12 months.

• [By John Bromels, Jeremy Bowman, and Daniel Miller]

  We asked three Motley Fool investors to highlight a top dividend-paying stock with a yield above 2% that is supported by a solid business underneath. They came back with Magellan Midstream Partners (NYSE:MMP), Home Depot (NYSE:HD), and Ford Motor Company (NYSE:F). Here's why they chose the way they did. 

• [By Lisa Levin] Gainers McDermott International, Inc. (NYSE: MDR) rose 19 percent to $7.20 in pre-market trading. Subsea 7 S.A. confirmed a $7.00 per share proposal to acquire McDermott. Clarus Corporation (NASDAQ: CLAR) rose 18.5 percent to $8.00 in pre-market trading. Enbridge Inc. (NYSE: ENB) rose 9.3 percent to $34.09 in pre-market trading after falling 2.41 percent on Friday. Lannett Company, Inc. (NYSE: LCI) rose 8.4 percent to $18 in pre-market trading. Lannett named Maureen M. Cavanaugh as senior vice president and chief commercial operations officer. Navios Maritime Midstream Partners L.P. (NYSE: NAP) rose 7.1 percent to $4.55 in pre-market trading after gaining 11.26 percent on Friday. Corcept Therapeutics Incorporated (NASDAQ: CORT) rose 6.9 percent to $18.80 in pre-market trading after falling 3.19 percent on Friday. Helios and Matheson Analytics Inc. (NASDAQ: HMNY) rose 5.7 percent to $2.40 in pre-market trading after falling 10.98 percent on Friday. Vectren Corporation (NYSE: VVC) shares rose 5.6 percent to $69.20 in pre-market trading. CenterPoint Energy, Inc. (NYSE: CNP) announced plans to acquire Vectren for $72 per share in cash Genprex, Inc. (NASDAQ: GNPX) shares rose 5.2 percent to $4.50 in pre-market trading. Atossa Genetics Inc. (NASDAQ: ATOS) rose 5.1 percent to $3.70 in pre-market trading after declining 19.35 percent on Friday. Sangamo Therapeutics, Inc. (NASDAQ: SGMO) shares rose 5 percent to $20 in pre-market trading. Magellan Midstream Partners, L.P. (NYSE: MMP) shares rose 5 percent to $68.41 in pre-market trading. Halozyme Therapeutics, Inc. (NASDAQ: HALO) shares rose 4.9 percent to $19.78 in the pre-market trading session.

  Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.

• [By Tyler Crowe]

  Oil and gas investors have been through the wringer over the past few years. Even the most stable investments in this industry -- pipelines, processing, and logistics -- haven't been spared. Case in point: Shares of Magellan Midstream Partners (NYSE:MMP) have declined 18% over the past three years despite the company posting consistent revenue and cash flow growth. To top it off, there has been a slew of regulatory and tax changes in recent months that will have a significant impact on this particular industry.

• [By Matthew DiLallo]

  In the meantime, Magellan Midstream Partners (NYSE:MMP) is working on a 600,000 BPD pipeline in the region that could be in service by the middle of next year. Magellan is currently evaluating other options such as a joint venture that could optimize the project, which might shift the time frame and scale of the project. In addition, Magellan is eyeing a potential oil export dock in Corpus Christi, Texas, which it sees as an ideal landing spot for crude coming out of the Permian. The up-to-$700 million project could be up and running by 2020 and give Permian producers access to higher global oil prices. Projects like those potentially position Magellan to continue increasing its 5.4%-yielding distribution at a mid-single-digit annual rate for the next several years.