Energy Picks for 2007
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Date updated:01-31-2007

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.

symbol name last price % change open
  • +
  • EPD
    Enterprise Pt Uts
  • $29.20
  • +0.69%
  • $28.98

In deep-water Gulf of Mexico, startup of the Independence Hub operated by Enterprise Products Partners (EPD) will hook up 10 deep-water wells to transport natural-gas production to the mainland.

People owning EPD also tend to own: ABTDGXFMDGSKJNJJOSBJTX

TheStreet.com Rating: B What is this?

  • +
  • APC
    Anadarko Petroleu
  • $62.57
  • +0.03%
  • $62.51

Deep-water Gulf of Mexico oil and gas discoveries have been accelerating over the past few years, attracting the return of major oil companies to the Gulf. For 2007, we expect to see a major boost in deep-water gas production with the mid-2007 startup of the Independence Hub that will tie in 10 (yes 10) deep-water wells and transport production onshore. This is why we like Enterprise Products Partners as the operator of the hub and hub partners, Anadarko Petroleum (APC) and Devon Energy (DVN).

People owning APC also tend to own: ACIAINVANRBBDBTUCHKCMCSK

TheStreet.com Rating: C What is this?

  • +
  • DVN
    Devon Energy Cp (
  • $67.79
  • +0.73%
  • $67.21

Deep-water Gulf of Mexico oil and gas discoveries have been accelerating over the past few years, attracting the return of major oil companies to the Gulf. For 2007, we expect to see a major boost in deep-water gas production with the mid-2007 startup of the Independence Hub that will tie in 10 (yes 10) deep-water wells and transport production onshore. This is why we like Enterprise Products Partners as the operator of the hub and hub partners, Anadarko Petroleum (APC) and Devon Energy (DVN). Devon Energy again has a foothold in a frontier basin, with well-placed acreage in the Woodford.

People owning DVN also tend to own: AAPLBACBBYBGTCSCOCTSHDEO

TheStreet.com Rating: C- What is this?

  • +
  • NHY
    221.47
  • $12.90
  • 0.00
  • $12.90

We also look for other companies to follow Norsk Hydro's (NHY) example in 2006 and buy up companies or assets operating at water depths of more than 1,000 feet.

People owning NHY also tend to own: STOBTUNOKAAAETALLBF

TheStreet.com Rating: A+ What is this?

  • +
  • CHK
    Chesapeake Energy
  • $25.03
  • +1.30%
  • $24.87

Next in the wave of tight gas shale fields to log hefty production gains may be in southeastern Oklahoma's Woodford Shale...Devon Energy again has a foothold in a frontier basin, with well-placed acreage in the Woodford. The next stop may be Appalachia, with Chesapeake Energy (CHK) and other firms testing horizontal wells in 2006 and 2007.

People owning CHK also tend to own: ACIAINVANRAPCBBDBTUCMCSK

TheStreet.com Rating: C What is this?

  • +
  • EOG
    Eog Resources Inc
  • $88.50
  • -0.41%
  • $88.67

Again, technical advances in fracturing gas-bearing shale to promote the flow of gas through horizontal wells were the primary driver behind rapid production growth in the prolific Barnett Shale basin in Texas and EOG Resources' (EOG) fortunes over the past three years.

People owning EOG also tend to own: AAPLBRK-BCHKGLWIMMRTXNEPL

TheStreet.com Rating: B- What is this?

  • +
  • NFX
    Newfield Exp Com
  • $44.18
  • +0.87%
  • $43.88

Drilling in the Woodford Shale gas shale basin in Oklahoma could drive up natural-gas production for Newfield Exploration (NFX). Newfield Exploration's early and low-cost move to acquire Woodford Shale property--plus drilling lessons learned in 2006--should bear fruit in 2007 with large production gains.

People owning NFX also tend to own: COHSYYAATICVSEGOQCOMAAUK

TheStreet.com Rating: C What is this?

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