Oil Stocks to Buy 2014 – 2014 Oil Stocks
Below is a list of my latest oil stock picks for 2014. These 2014 Oil Stock Picks are my favorite stocks to buy and some of the stocks I will be trading personally. During a broad stock market correction, Oil stocks are the best stocks to buy due to the fundamentals of oil for the long term. Oil supplies are drying up around the world and if we ever see solid global growth again, oil stocks will benefit.
Key Areas of Oil Exploration in 2014 – Eagle Ford Shale – Niobrara Shale – Bakken Shale – Permian Basin – Oil companies will continue to drill these shale plays in 2014. While the strong growth will soon level out, expect merger & acquisitions to ramp up in 2014.
#1 Top Oil Stock Pick 2014 – Oil Stocks – Kodiak Oil & Gas (KOG) – Kodiak Oil & Gas (KOG) is my top oil stock pick for 2014. KOG has been one of my top oil stocks for awhile now due to it’s valuation and fundamentals. Kodiak Oil & Gas (KOG) is an oil stock to buy in 2014 on large dips and you can then sell into rallies and make a quick 5-10% gain.
Kodiak Oil & Gas (KOG) is one of the best oil companies drilling in the bakken shale. In 2015, KOG is expected to report $1.02 in EPS on $1.40 Billion in revenue. Kodiak (KOG) will continue to be volatile with oil prices but the key it to buy this stock in the $10-$11 and sell above $13 which has happened several times in 2014 already. This is why KOG is one of the best oil stocks to buy in 2014, volatility is your friend.
Diamondback Energy, Inc. (FANG) – Diamondback Energy, Inc. (FANG) has been the best performing oil stock in the last 62 months or so. FANG shares have rallied from $16 to $88.
Other oil stocks to watch in 2014 – Oasis Petroleum (OAS), Triangle Petroleum (TPLM), Marathon Petroleum (MPC)
#2 Oil Stock to Buy in 2014 – ConocoPhillips (COP) – ConocoPhillips (COP) is one of the best oil stocks for 2014 due to It’s dividend yield. COP is one of the best dividend stocks to buy because the stock yields over 3% even after a massive rally from $62-$83. COP is a buy in the mid to low $70’s for the rest of 2014.
Oil Penny Stocks 2014 – Samson Oil & Gas (SSN) is again my top oil penny stock pick for 2014. However, you can’t just buy and hold the stock this time, you have to buy when SSN breaks a key resistance levels. While we are mid way through 2014, SSN stock is breaking out again as shares just rallied from $0.32 to $0.42. From here, Samson Oil & Gas (SSN) is a good penny stock to buy in 2014 if $0.55 is broken and I feel the stock can rally up to $0.75. Watch SSN in 2014.