These 4 Energy Stocks are Making People Rich Right Now
If there’s one thing that puts upside pressure on energy stocks, it’s unrest in the Middle East. Sprinkle in some big mergers and acquisitions as well as an earnings beat by Exxon Mobil (NYSE:XOM), and you’ve got a soup du jour for profits.
Here are the energy stocks and ETFs making people rich now:
1) Exxon Mobil (NYSE:XOM): The oil and gas giant beat Wall Street expectations and increased profits 53% to $9.25 billion ($1.85 a share) from $6.05 billion ($1.27 a share). Revenue broke the century mark by climbing to $105.2 billion from $89.8 billion. Analysts were expecting $1.62 on revenues of $97.5 billion (FactSet). Check out Exxon’s interactive chart, fundamentals, Twitter stream, and more >>
2) Massey Energy Company (NYSE:MEE): Coal company Alpha Natural Resources (NYSE:ANR) gobbled up Massey Energy for $8.5 billion. The deal will give ANR reserves of 5 billion tons of metallurgical coal — one of the world’s largest stockpile. Check out Alpha Natural Resource’s interactive chart, fundamentals, Twitter stream, and more >>
3) Chesapeake Energy Corp. (NYSE:CHK): Asian oil giant Cnooc (NYSE:CEO) will pay Chesapeake $570 million for a 800,000-acre leasehold in the US Midewest. Cnooc will also pay up to an additional $697 million to fund other projects in the area. Check out Chesapeake’s interactive chart, fundamentals, Twitter stream, and more >>
4) United States Oil Fund (NYSE:USO): Unrest in the Middle East is bad news for oil prices, and good news for oil investors. The widely traded United States Oil Fund ETF is reflecting fears of instability that will spread beyond Egypt. Check out USO’s interactive chart, fundamentals, Twitter stream, and more >>
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