• News
    • Stocks
    • Banks and Finance
    • Companies
    • Crypto
    • Forex
  • Videos
  • Articles
    • Forex CRM
    • Crypto Payments
    • Trading
    • Crypto Exchange Business
    • Forex Business
    • Fintech
    • Liquidity
    • FinTech Awards
  • Liquidity Providers List
  • Crypto Payment Providers

Dark Theme

Earnings from Oil and Gas Are Going Down. Here Are Top 5 Companies To Invest In. 

May 04, 2023

Earnings from Oil and Gas Are Going Down. Here Are Top 5 Companies To Invest In. 

Several oil and gas businesses reported record profitability in 2022, but 2023 seems more difficult.

Oil remains somewhat expensive at roughly $80 per barrel, although it had fallen significantly from its peaks – when prices reached their highest level since 2014. Natural gas prices have plummeted much more.

Oil and gas companies have strong balance sheets, but profits are anticipated to shrink. When profits are declining, it is difficult for stock values to grow.

That is why it is worth looking at the few companies with rising profits. Only five energy businesses with market capitalizations bigger than $2 billion in the SPDR S&P Oil & Gas Exploration & Production ETF are predicted to raise profits this year.

Earnings from Oil and Gas Are Going Down. Here Are Top 5 Companies To Invest In.

Sitio Royalties (STR) is unlike other industry firms. While it owns oil and gas royalties, it rents its mineral properties for drilling to other exploration and production firms. 

Most of its royalty holdings are in the Permian Basin, located in West Texas and New Mexico and the fastest-growing location for US production. Sitio committed more acres than ever in 2022, which will almost certainly contribute to higher profits this year.

Northern Oil & Gas (NOG) is a Minneapolis-based corporation that buys minority holdings in oil projects that other companies typically operate. Gains from hedging and new projects like Mascot in Texas are anticipated to pay off this year.

Ovintiv (OVV), located in Denver, has been busy acquiring additional drilling sites this year, agreeing last month to purchase 65,000 acres in Texas for $4.275 billion. 

“We believe the transactions provide Ovintiv with a significantly improved asset runway, alleviating any inventory concerns,” Truist analyst Neal Dingmann said. 

Permian Resources (PR) in Midland, Texas, stunned Wall Street by producing more oil than predicted in the fourth quarter, despite other oil firms having grown output slowly, if at all. 

“A significant improvement in commodity prices, combined with improved capital efficiency, positions Permian Resources to generate significant free cash flow through 2025,” said TD Cowen analyst Gabe Daoud last month, boosting his rating to Outperform. 

Nonetheless, the firm has its detractors. According to Gerdes Energy, it has one of the highest levels of short interest in the sector, with 11% of its shares sold short as of March 31.

Kosmos Energy (KOS), located in Dallas, said in February that it plans to increase output by 50% over the following year. And it is moving its focus to natural gas when US gas exports are increasing. 

“Longer term, we plan to continue shifting the balance of our portfolio from oil to natural gas, and LNG to help meet the world’s energy needs as cleaner natural gas displaces coal, heavy fuel oil, and biomass as a primary source of energy in both developed and emerging economies,” CEO Andrew Inglis said during the company’s most recent earnings call.

Subscribe Our Newsletter

Supply-Chain Constraints Are Easing. 5 Stocks That Should Benefit.
Supply-Chain Constraints Are Easing. 5 Stocks That Should Benefit.

Economic demand surged last year as a result of reopenings and monetary stimulus, catching businesses off a surprise and leaving them unable to expand production capacity quickly enough to satisfy demand.

Stocks
Microsoft Buying Activision Blizzard Could Really Hurt Gamestop: Analyst
Microsoft Buying Activision Blizzard Could Really Hurt Gamestop: Analyst

Additionally, it was disclosed less than a week after Activision's competitor Take-Two Interactive confirmed its $11 billion purchase of experienced mobile gaming business Zynga.

Companies
Liquidity Provider

How to Identify Liquidity?
Let's find out how to identify Forex Liquidity, how to identify the liquidity of cryptocurrencies, and how to pick the best LP.

discover
Crypto Token Supply From A to Z

Tamta

Crypto Token Supply From A to Z

We all agree that cryptocurrency investment is an attractive method to generate profits in the long run. But with so many options, which crypto assets should you choose?

Fintech

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries b2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Tamta

    Guide to Craiyon: How To Use a New DALL-E Mini

    https://liquidity-provider.com/app/uploads/2023/06/cover-5-800x540.jpg

    Tamta

    Credit Cards vs. Debit Cards

    https://liquidity-provider.com/app/uploads/2023/06/cover-800x540.jpg

    Tamta

    Investing In Private Equity: What Should You Know?

    https://liquidity-provider.com/app/uploads/2023/05/cover-7-800x540.jpg

    Tamta

    What is Data Analytics? Techniques, Tools, Methodology, and More

    https://liquidity-provider.com/app/uploads/2023/05/cover-6-800x540.jpg

    Tamta

    Bitcoin Halving is Coming: What Does it Mean for the Crypto Market?

    https://liquidity-provider.com/app/uploads/2023/05/cover-4-800x540.jpg

    Tamta

    Crypto Token Supply From A to Z

    https://liquidity-provider.com/app/uploads/2023/05/cover-3-800x540.jpg

    Tamta

    What Is ChatGPT, And How Can You Use It?

    https://liquidity-provider.com/app/uploads/2023/05/cover-2-800x540.jpg

    Anton

    Trading on Autopilot: The Rise of Crypto Trading Bots

    https://liquidity-provider.com/app/uploads/2023/05/cover-1-800x540.jpg

    Tamta

    Crypto Investing vs. Crypto Trading: What’s The Difference?

    https://liquidity-provider.com/app/uploads/2023/04/cover-5-800x540.jpg

    Tamta

    Understanding Indexed Universal Life Insurance (IUL)

    https://liquidity-provider.com/app/uploads/2023/04/cover-4-800x540.jpg

    Tamta

    Best Investment Strategies For Beginners

    https://liquidity-provider.com/app/uploads/2023/04/image1-800x540.jpg

    Tamta

    Understanding Perpetual Futures: How Do They Work?

    https://liquidity-provider.com/app/uploads/2023/04/cover-3-800x540.jpg

    Tamta

    What Is A Bitcoin Stock-To-Flow Model? Beginner’s Guide

    https://liquidity-provider.com/app/uploads/2023/04/cover-2-800x540.jpg

    Tamta

    Best Decentralized Crypto Exchanges In 2023

    https://liquidity-provider.com/app/uploads/2023/04/cover-1-800x540.jpg

    Tatma

    Best High-Yield Savings Accounts For March 2023

    https://liquidity-provider.com/app/uploads/2023/04/cover-800x540.jpg

    Tamta

    Crypto Trading For Beginners

    https://liquidity-provider.com/app/uploads/2023/03/cover-8-800x540.jpg

    Tamta

    How To Make Money With Cryptocurrency

    https://liquidity-provider.com/app/uploads/2023/03/cover-7-800x540.jpg

    Tamta

    What Is A Candlestick Chart?

    https://liquidity-provider.com/app/uploads/2023/03/cover-6-800x540.jpg

    Constantine

    White Label Forex Software — Ultimate Guide on How to Choose The Best Industry Solution

    https://liquidity-provider.com/app/uploads/2023/03/cover-3-300x203.jpg

    Tamta

    Forex Trading: A Beginner’s Guide

    https://liquidity-provider.com/app/uploads/2023/03/cover-2-300x203.jpg

    Tamta

    How to Create a Cryptocurrency

    https://liquidity-provider.com/app/uploads/2023/03/cover-1-1-300x203.jpg

    Tamta

    Top Ten Richest People In The World, 2023

    https://liquidity-provider.com/app/uploads/2023/03/cover-4-1-300x203.jpg

    Constantine

    What’s at Stake? Here’s How to Avoid Scam Tokens

    https://liquidity-provider.com/app/uploads/2023/03/cover-5-300x203.jpg

    Constantine

    Investing in Currencies That Are More Valuable Than the American Dollar

    https://liquidity-provider.com/app/uploads/2023/02/cover-2-300x203.jpg
    • News
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
    • Articles
      • Forex CRM
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
    [email protected]

    © 2023 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy