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$100 Oil: The Going Gets Good for These Energy Stocks



July 13, 2011 – Comments (0) | RELATED TICKERS: CVX , XOM , COP

$100 oil is good news for any oil investor out there. However, there are a number of companies who will greatly benefit from this high priced oil. Which companies are they? Well, Investment Underground has compiled 8 energy stocks who will be excited to see $100 oil. Take a look…


 "Exxon Mobil (XOM): As one can imagine, Exxon Mobil runs numerous oil fields in the Gulf of Mexico. In turn, the price for oil from these fields is usually determined based on the going price for a barrel of West Texas Intermediate. Exxon Mobil stands to make a serious profit because the price for West Texas Intermediate has been going up. In fact, the price for West Texas Intermediate is expected to continue to increase as the economic recovery continues.


 Chevron (CVX): Chevron gets the majority of its oil from outside of the U.S. As a result, the increasing price of Brent crude will benefit Chevron greatly as this is how the going price for many non-U.S. oils is determined. Like Exxon Mobil, Chevron’s shares have moved up as of late but there is still time to cash in.


 Conoco Phillips (COP): Many investors believe that Conoco Phillips will not grow much in the coming years, which may explain why it tends to trade at lower levels than some of its competitors. Regardless, there is still a return to be made by taking advantage of improving oil prices. It is specifically the increase in Brent crude prices that Conoco Phillips will benefit most from. In fact, Conoco Phillips often drills right on the North Sea, so it will be taking advantage of actual Brent crude and not oils that are merely priced based on Brent crude. The company’s U.S. oil production is limited, so it would be redundant to pair up a buy of this stock with a company like Chevron."


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