Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, natural gas and oil producer Devon Energy (NYSE: DVN ) has earned a coveted five-star ranking.
With that in mind, let's take a closer look at Devon, and see what CAPS investors are saying about the stock right now.
Devon facts
�
�
Headquarters (founded)
Oklahoma City (1971)
Market Cap
$21.4 billion
Industry
Oil and gas exploration and production
Top 10 High Tech Companies To Buy Right Now: Dejour Energy Inc (DEJ)
Dejour Energy Inc. is engaged in the business of acquiring, exploring and developing energy projects with a focus on oil and gas exploration in Canada and the United States. The Company holds approximately 113,000 net acres of oil and gas leases in the Peace River Arch of northwestern British Columbia and northeastern Alberta, Canada and the Piceance, Paradox and Uinta Basins in the United States Rocky Mountains. The Company has 71.43% working interest in this 3,014 acre (gross) project located south of Roan Creek. The Company also has 71.43% working interest in this 18,000 acre (gross) project located north of the Rangely Field, is prospective for oil in the Lower Mancos (Niobrara), Dakota, Morrison and Phosphoria formations. Advisors' Opinion:- [By CRWE]
Vancouver, BC, Dec. 16, 2013 — (CRWE Press Release) — Dejour Energy Inc. (NYSE MKT:DEJ) (TSX:DEJ), an independent oil and natural gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, today announces that it has signed a Letter of Intent to create a strategic joint venture partnership with a private Singapore based energy company (��ECO�� to develop the company�� Colorado oil and gas assets.
Upon completion of due diligence, legal documentation and requisite approvals expected prior to January 31, 2014, SECO will invest an initial sum of up to $27.5mm in 2014 and 2015 to earn an 85% share in Dejour�� interests in its Colorado properties, primarily Kokopelli, subject to certain interest claw backs available to Dejour. Following this capital investment by SECO, the partners will continue to judiciously develop the reserves on a pro rata basis.
The terms of the agreement include a capital injection to Dejour of approximately US$ 4.5mm, including cash and assumption of certain liability agreements on outstanding debt and the 100% development funding of an initial $10.5mm in capital expenditures in 2014 with a further $12mm in 2015, targeting Kokopelli, subject to certain provisions. Additionally, SECO will assume 85% of the ongoing overhead of Dejour�� U.S. operations and joint project management during the initial period. SECO will also share responsibility to maintain the other Dejour U.S. leases in good standing on a pro rata ownership basis or return them to Dejour in a timely fashion. Dejour will remain the operator of record.
��ECO shares Dejour�� value proposition relating to the company�� U.S. E&P portfolio. This partnership will bring many strategic advantages to Dejour: minimizing capital requirement in the short term, bolstering the company�� balance sheet and long term US cash flow, the provision of flexibility for Dejour to pursue new
Hot Gas Stocks To Own Right Now: Encana Corporation(ECA)
Encana Corporation and its subsidiaries engage in the exploration for, development, production, and marketing of natural gas, oil, and natural gas liquids. The company owns interests in resource plays that primarily include the Greater Sierra, Cutbank Ridge, Bighorn, and Coalbed Methane resource plays located in British Columbia and Alberta, as well as the Deep Panuke natural gas project offshore Nova Scotia in Canada. It also holds interests in resource plays comprising the Jonah in southwest Wyoming, Piceance in northwest Colorado, Haynesville in Louisiana, and Texas resource play, including east Texas and north Texas. The company serves primarily local distribution companies, industrials, energy marketing companies, and other producers. Encana Corporation was founded in 1971 and is headquartered in Calgary, Canada.
Advisors' Opinion:- [By Monica Wolfe]
Encana (ECA)
Manning & Napier�� fifth largest holding is in Ecana. The guru holds on to 27,376,066 shares of Unilever, representing 2.4% of their total holdings and 3.71% of the company�� shares outstanding. Over the past quarter, Manning & Napier increased their position 0.22% by purchasing 60,930 shares. They purchased these shares in the first quarter price range of $17.25 to $21.42, with an estimated average quarterly price of $18.90. Since then the price per share has increased approximately 21.8%.
- [By Aaron Levitt]
Recently, Canada�� largest natural gas producer EnCana (ECA) highlighted one of the most ignored ways to profit from the energy sector; ECA announced that they will place around 5.2 million acres worth of oil and gas reserves/wells in Alberta, Canada into a new subsidy called PrairieSky Royalty. EnCana will sell shares of the firm in order to raise some much needed cash. PrairieSky should IPO by mid-June.
- [By David Smith]
Other fracking goings-on
The Environmental Protection Agency continues to move forward with its nationwide study of the potential effects of hydraulic fracturing on groundwater and drinking water. A resulting report is expected to be released in 2014. In the meantime, 31 experts from universities, scientific laboratories, and industry have been appointed to review what promises to be a landmark document. The EPA also has abandoned its interminable and controversial research into whether fracking by Encana (NYSE: ECA ) fouled the water table in Pavillion, Wyo. The effort was a follow-up to a 2011 study by the agency, which purported to find a connection between Encana's operations and the contamination of an aquifer, has been turned over to Wyoming officials. They plan to release a final report next year. The Obama administration has set forth a proposed rule requiring oil and natural gas companies that drill on federal land to disclose the chemicals used in their hydraulic operations. It also would establish standards for well construction and waste disposal.
While water is likely to remain a key consideration for hydraulic fracturing for years to come, there are several other items of importance currently swirling about with regard to unconventional drilling, which has been responsible for a 30% increase in U.S. oil reserves and a 90% incrasee in our gas reserves:A Foolish takeaway
Hydraulic fracturing, it seems, will always be a target for environmental grousing and federal nitpicking. It seems unlikely, however, that it will ever be severely curtailed. On that basis, I'm increasingly becoming a proponent of Chesapeake Energy (NYSE: CHK ) , especially under its new management.
Hot Gas Stocks To Own Right Now: Groundstar Resources Ltd (GSA)
Groundstar Resources Limited (Groundstar) is a development-stage oil and gas company. The Company is engaged in exploration, development and production opportunities in international areas of interest. Through its subsidiaries, the Company�� primary operations are related to its interests in a production sharing contract in Kurdistan (Iraq), concession agreements in Egypt and a petroleum prospecting license in Guyana. Advisors' Opinion:- [By Damian Illia]
The company�� revenues come from the fees charged for operating different domain names. Most domain names��fees are charged as per agreement terms with ICANN; however, fees received for operating the .gov registry are based on the terms of agreement with the U.S. General Services Administration (GSA). As of September 2013, revenues of $125.9 million came from active domain names ending with .com and .net. Even though the company has presence all over the globe, the U.S. contributes 64.8% of revenues, while Europe, the Middle East and Africa (EMEA) contribute 15.5%, Australia, China, India and other Asia Pacific countries (APAC), 15.0%, and other countries such as Canada or Latin American countries, contribute 4.7%. Competition is increasing, especially with Latin script ccTLD registries and IDN ccTLD registries, as well as with other name service providers such as Neustar Inc. (NSR) or ARI Registry Services, and search engine providers such as Google Inc. (GOOG) Microsoft, Corp. (MSFT).
Hot Gas Stocks To Own Right Now: Atlas Resource Partners LP (ARP)
Atlas Resource Partners, L.P. (Atlas Resource Partners), incorporated on October 13, 2011, is an independent developer and producer of natural gas, crude oil and natural gas liquids (NGL), with operations in basins across the United States. The Company is a sponsor and manager of investment partnerships, in which it co-invests, to finance a portion of its natural gas and oil production activities. During the year ended December 31, 2012, its average daily net production was approximately 77.2 million cubic feet equivalent. On December 20, 2012, it completed the acquisition of DTE Gas Resources, LLC from DTE Energy Company. On September 24, 2012, the Company acquired Equal Energy, Ltd.�� (Equal) remaining 50% interest in approximately 8,500 net undeveloped acres included in the joint venture. On July 26, 2012, it completed the acquisition of Titan Operating, L.L.C. On April 30, 2012, it acquired certain oil and natural gas assets from Carrizo Oil & Gas, Inc. In April 2012, it acquired a 50% interest in approximately 14,500 net undeveloped acres in the oil and NGL area of the Mississippi Lime play in northwestern Oklahoma.
Through December 31, 2012, the Company owned production positions in the areas of the Barnett Shale and Marble Falls play in the Fort Worth Basin in northern Texas; the Appalachia basin, including the Marcellus Shale and the Utica Shale; the Mississippi Lime and Hunton plays in northwestern Oklahoma, and the Chattanooga Shale in northeastern Tennessee, the Niobrara Shale in northeastern Colorado, the New Albany Shale in southwestern Indiana and the Antrim Shale in Michigan. During 2012, the Company had ownership interests in over 525 wells in the Barnett Shale and Marble Falls play and 569.3 billion cubic feet equivalent of total proved reserves with average daily production of 31.9 million cubic feet equivalent. During 2012, the Company had ownership interests in over 10,200 wells in the Appalachian basin, including approximately 270 wells in the Marcellus Shale and 1! 12.6 billion cubic feet equivalent of total proved reserves with average daily production of 35.6 million cubic feet equivalent. During 2012, it owned 21 billion cubic feet equivalent of total proved reserves with average daily production of 1.9 million cubic feet equivalent in the Mississippi Lime and Hunton plays in northwestern Oklahoma. During 2012, the Company had average daily production of 7.8 million cubic feet equivalent in the Chattanooga Shale in northeastern Tennessee, the Niobrara Shale in northeastern Colorado, the New Albany Shale in southwestern Indiana, and the Antrim Shale in Michigan.
Advisors' Opinion:- [By Matt DiLallo]
The management team at oil and gas company�Atlas Energy (NYSE: ATLS ) has really taken Warren Buffett's advice to heart. Buffett's old adage to "be fearful when others are greedy and greedy when others are fearful" seems to be that team's approach. After selling its shale assets to Chevron at the top of the market, the company has been diligently acquiring natural gas assets at the market's low. That blueprint continues to be followed as evidenced by the recently announced acquisition of substantial natural gas assets via its master limited partnership, Atlas Resource Partners (NYSE: ARP ) .
- [By Robert Rapier]
The second, and riskier, option is to buy MLPs engaged in natural gas production. While these tend to have some portion of their output hedged against sharp price fluctuations, they retain much more exposure to the ups and downs of natural gas prices than the midstream partnerships, which function as toll collectors.�EV Energy Partners�(NASDAQ: EVEP),�Atlas Resource Partners�(NYSE: ARP),�BreitBurn Energy Partners�(NASDAQ: BBEP) and�Memorial Production Partners�(NASDAQ: MEMP) are some of the upstream (oil and gas production) partnerships in the US shale plays.
Hot Gas Stocks To Own Right Now: SM Energy Co (SM)
SM Energy Company (SM Energy), incorporated in 1915, is an independent energy company. The Company is engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids (referred to as oil, gas, and NGLs) in onshore North America. The Company�� operations are focused on five operating areas in the onshore United States. In December 2011, the Company closed on its acquisition and development agreement with Mitsui E&P Texas LP (Mitsui), an indirect subsidiary of Mitsui & Co. Ltd., which transferred 12.5% of its working interest in certain non-operated oil and gas assets in South Texas. In August 2011, the Company sold approximately 15,400 net operated acres in LaSalle and Dimmit Counties, Texas to Talisman Energy USA Inc. and Statoil Texas Onshore Properties LLC (collectively, Talisman/Statoil). In June 2011, the Company completed the divestiture of certain assets located in its Mid-Continent region. In January 2011, it completed the divestiture of certain assets located in its Rocky Mountain region. In December 2013, SM Energy Co announced that it had closed its previously announced Anadarko Basin divestiture package.
As of December 31, 2011, the Company had working interests in 1,353 gross (741 net) productive oil wells and 2,928 gross (1,060 net) productive gas wells. All of its drilling activities are conducted using independent drilling contractors. As of December 31, 2011, it had 415.2 billion cubic feet of natural gas equivalent of proved undeveloped reserves.
South Texas & Gulf Coast Region
Operations for the South Texas & Gulf Coast region are managed from its office in Houston, Texas. The Company�� operations in South Texas & Gulf Coast Region focus primarily on its Eagle Ford shale program. Its acreage position covers a portion of the western Eagle Ford shale play, including acreage in the oil, the NGL-gas, and the dry gas windows of the play. During the year ended December 31, 2011, it had approx! imately 250,000 net acres in the play, which consisted of an approximate 165,000 net acre operated position in Webb, Dimmit, and LaSalle Counties, Texas and an approximate 85,000 net acre non-operated position in Maverick, Dimmit, LaSalle, and Webb Counties, Texas. As of December 31, 2011, it had approximately 196,000 net acres in the play. During 2011, the production was 69.7 billion cubic feet of natural gas equivalent.
Rocky Mountain Region
Operations for the Company�� Rocky Mountain region are managed from its office in Billings, Montana. During 2011, the Company focused on Bakken/Three Forks formations in the North Dakota portion of the Williston Basin, where it had approximately 87,000 net acres.
Mid-Continent Region
Operations for the Company�� Mid-Continent region are managed from its office in Tulsa, Oklahoma. The Company�� operations in the Mid-Continent region are primarily focused on the horizontal development of the Granite Wash formation in western Oklahoma. Its Mid-Continent region also manages its Woodford shale assets. In 2011, its Mid-Continent region's production was 31.6 billion cubic feet of natural gas equivalent. Proved reserves during 2011 were 234.6 billion cubic feet of natural gas equivalent.
ArkLaTex Region
The Company�� focus on the ArkLaTex region has been the horizontal development of its Haynesville shale acreage. In 2011, production in its ArkLaTex region was 30.1 billion cubic feet of natural gas equivalent.
Permian Region
Operations for the Company�� Permian region are managed from its office in Midland, Texas. The Company�� Permian region covers western Texas and eastern New Mexico. Its primary area of development focus in this region is the Wolfberry tight oil play. During 2011, the region�� production was 11.5 billion cubic feet of natural gas equivalent.
Advisors' Opinion:- [By Grace L. Williams]
A pair of insiders at SM Energy (SM) also caught our eye. General Counsel David Copeland bought 3,500 shares for $252,400 and President and COO Javan Ottoson conducted his first transaction and bought 1,000 shares for $71,900. InsiderScore notes:
No comments:
Post a Comment