4 Energy Stock Stories To Fuel Investor Interest

Chevron Corporation (NYSE:CVX): Current Price $119.62

Chevron has been given the green light to restart output at the offshore Frade field in Brazil, which was the site of a November 2011 accident and oil spill, reported Brazil’s National Petroleum Agency, according to Dow Jones Newswires. In a board meeting on Friday, ANP directors gave Chevron an okay to resume crude-oil production from four wells for a period of 12 months. Output from an additional two wells was also cleared, but only for two months, according to ANP, which said that the partial restart of oil production was conditioned upon undisclosed changes to Chevron’s plan to decrease flaring.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

CVX

Exxon Mobil Corporation (NYSE:XOM): Current price $89.04

In a Wednesday report, analyst Evan Calio at Morgan Stanley downgraded shares of Exxon Mobil from Equal-Weight to Underweight, and reduced the price target from $90 to $85. Calio wrote in part in the report that “CVX to outperform XOM by 55 percent over the next 5 years (total returns). We believe the combination of CVX’s relatively higher production growth (+5 percent CAGR) and relatively improving returns (to +20 percent ROCE in 2017) in each of the next 5 years will drive relative share price outperformance vs. XOM. We derive our stock price forecast by using our production growth forecast and downstream forecasts to project cash flows estimates and returns on capital employed to predict valuation multiples: with stock forecasted stock price being the product of these two forecast.”

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

XOM

ConocoPhillips (NYSE:COP): Current price $60.51

On Wednesday, the company reported that it has placed its 2014 Alaska Chukchi Sea exploration drilling plans on hold because of regulatory uncertainty. A recent report by the Department of the Interior called upon industry and government to work jointly to develop an Arctic-specific model for offshore oil and gas exploration in Alaska. In a statement, Trond-Erik Johansen, president of ConocoPhillips Alaska, remarked that “The company has determined it would not be prudent at this time to make the significant monetary commitments needed to preserve the option to drill in 2014. Once those requirements are understood, we will re-evaluate our Chukchi Sea drilling plans. We believe this is a reasonable and responsible approach given the huge investments required to operate offshore in the Arctic.”

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

COP

PBF Energy (NYSE: PBF): Current price $34.09

PBF announced Wednesday that it has signed an accord with Continental Resources (NYSE: CLR) through which to provide PBF with Bakken crude oil, which will be delivered by rail to PBFs double-loop track at its refinery in Delaware City, Delaware.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

PBF

Don’t Miss: Is Slowing Economic Growth Curbing Demand for Oil?