Tag: 2012 Penny Stock Picks
Oil Stock Picks 2011-2012
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Below is a list of my latest oil stock picks for 2012. These 2012 Oil Stock Picks are my favorite stocks to buy and some of the stocks I will be trading personally. In 2011, one of my top oil stock picks was Kodiak Oil & Gas (KOG). KOG stock went from $4 to $8 from December 2010 to February 2011 and one of the best performing stocks in my portfolio. KOG still has room to run and will probably go to $8-$9 as we close out 2011. Kodiak Oil & Gas (KOG) is an up and coming oil company in the Bakken Shale.
Key Areas of Oil Exploration in 2012 – Collingwood Shale - Eagle Ford Shale – Niobrara Shale – Bakken Shale – Permian Basin – Oil Discoveries are still going on in these fields and in 2012, more Oil Discoveries will be made. Watch for drilling activity in the Chainman Shale – Cabot Oil & Gas (COG) mentioned in late 2010 that they are drilling for oil in the Chainman Shale. We also have Venoco (VQ) drilling the Monterey Shale in California. With that, here is a list of my best oil stock picks for 2012
Top Oil Stocks 2012 – Hyperdynamics (HDY) – Hyperdynamics Corp (HDY) is an international oil exploration company that has leases to drill offshore of the Republic of Guinea ( West Africa ). HDY was my 2011 stock pick that double months after I recommended it on Blackberrystocks.com. Hyperdynamics is currently trading at $5.50 in March 2011 and is gaining some institutional coverage as well as analyst coverage. HDY plans to drill two test wells in late 2011 and a 3rd oil well at the start of 2012 which may become an oil well that actually flows oil. As long as the facts remain the same, I feel HDY stock can rally up to $10-$11 at some point in 2012. If this price target is met in 2011, I will have to update my expectations. The world energy crisis will continue to get worse as oil prices soar in 2012 and 2013. Hyperdynamics could be sitting on a large, vast oil field off the coast of Africa.
#2 – Best Oil Stocks 2012 – Encana (ECA) – Encana (ECA) is best known as a Natural Gas company. However, Encana is moving quickly to position itself toward greater oil exposure. While ECA doesn’t have a position in the Bakken Shale, it has a large position in the up and coming Collingwood Shale. The Collingwood Shale is an oil & gas field located in North Michigan. Encana has discovered hydrocarbon shows there and believe they sit on a nice oil field on their acreage. Expect Encana to hit oil in the Collingwood starting in 2012 which will power the stock higher.
Kodiak Oil & Gas (KOG) – Kodiak Oil & Gas (KOG) is my third oil stock pick for 2012. KOG operates in the Bakken Shale and is actively aquiring acreage which will power growth in 2012. In my opinion, KOG is not a risky oil stock and should be a solid investment as we head into 2012 and beyond. KOG was recently upgraded to buy at Robert W. Baird with an $8 price target in March 2011. While KOG is currently trading at $6.60, I feel the stock can rally to $10+ at some point in 2012. Higher oil prices and majority oil well working interest will power this Bakken Shale stock into 2012.
Other Oil Stocks to Watch in 2011/2012
Samson Oil & Gas Limited (AMEX:SSN)
Lucas Energy, Inc. (AMEX:LEI)
Brigham Exploration (BEXP)
Tengasco, Inc. (AMEX:TGC)