4 Energy Stock Stories To Spark Investment Interest

Chevron Corp. (NYSE:CVX): Closing price $123.79

Chevron has won approval to drill exploration wells for shale gas in three areas located in eastern Romania, according to the local news agency Mediafax on Thursday. Romania’s government was initially opposed to shale gas when it assumed power in 2012, but has since changed to a supporter in view of potential economic benefits from any major discovery. Mediafax said that the decision was taken by the Technical Assessment Committee of the Environment protection agency of the town of Vaslui.

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

CVX

InterOil Corp. (NYSE:IOC): Closing price $68.28

The analyst Pavel Molchanov at Raymond James has reiterated an Outperform along with a $100 price target on InterOil, after it named Michael Hession to become its chief executive Thursday. Molchanov said that the new CEO brings LNG and regional experience, and that Hession is getting right down to work, confirming that his company is committed to pursuing a stand-alone LNG project after the completion of ongoing resource sell-down negotiations with Exxon Mobil.

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

IOC

Royal Dutch Shell (NYSE:RDSA): Closing price $66.85

Shell’s upstream international director, Andrew Brown, said that his firm is interested in developing both traditional and shale gas deposits in Ukraine, at a meeting with the country’s Prime Minister Mykola Azarov, the government said on Thursday. Azarov invited Shell to develop “not only shale gas, but also gas from traditional reserves.” Ukraine holds the third largest shale gas reserves in Europe, and views the development of its energy resources as crucial if it is to lower its dependence on gas imports from Russia.

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

RDSA

BP (NYSE:BP): Closing price $42.55

BP has filed to register its United States division as a swap dealer with American authorities, becoming the first oil firm to face strict oversight of its derivatives business. Since the beginning of 2013, the Commodity Futures Trading Commission requires that companies register as dealers if they trade over $8 billion in swaps per year. In March, Reuters reported that BP was planning to register, but not for several more months, joining about 80 investment banks that registered with the top derivatives regulator.

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

BP

Don’t Miss: OECD: Inflation Not a Threat to Global Economy.

More Articles About:   ,  

More from The Cheat Sheet