Energy Picks for 2007

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Morningstar just came out with its Energy Picks for 2007.

Morningstar came up with a list of energy companies it thinks has long-term project-driven upsides that will help ride out near-term oil and gas price swings.

"We're always looking for energy trends that have long-term legs and plenty of forward momentum to overcome near-term oil and gas price volatility. Here are some energy stocks worth noting for 2007, thanks to frontier oil and gas discoveries and projects. Discoveries in 2006 revealed and confirmed several exciting new frontiers in the deep-water Gulf of Mexico, onshore gas shale basins in the United States, and oil sands in Canada. Technical advances in finding and extracting oil and gas--not just higher oil and gas prices--have made these frontier fields possible. Several companies are now poised for growth from new well hookups or project startups this year."

Morningstar Energy Picks for 2007.

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