Two Energy Stocks With Zing: Pro

Friday, 24 May 2013 | 1:34 PM ET
Energy Sector Just Heating Up?
Friday, 24 May 2013 | 12:30 PM ET
Kate Warne, Edward Jones, says energy stocks offer good value.

Positive economic performance in the United States and abroad bodes well for the energy sector, Edward Jones Investment Strategist Kate Warne said Friday.

Oil stocks in particular were well-positioned to take advantage of stronger economic performance in the second half of the year, backstopped by the Federal Reserve's continued – for the foreseeable future – monetary policy, she added.

"We think that as a result putting money into sectors – and particularly, energy stocks – that will benefit from that stronger economic growth that the Fed is waiting to see is a good thing to do today," Warne said.

Chevron's New Technology
Getting oil out of the ground has become increasingly controversial, with CNBC's Jane Wells. Chevron is investing in technology which can help extend the life of century old wells.

On CNBC's "Fast Money," she added that National Oilwell Varco and Chevron among her top picks.

Natural gas and oil could see continued strong demand throughout 2013 and beyond, Warne said. Additionally, deep-water drilling could provide gains for related companies.

(Watch Video: Chevron's New Technology)

"Certainly, National Oilwell Varco is a company that benefits either way," she added. "They provide equipment to the drilling industry."

Chevron, Warne said, had a 3 percent yield and dividend growth of about 7 percent per year.

"It provides a little stability in the oil sector, and we think that's a good idea," she said.

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