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Current DateTime: 01:32:12 11 Nov 2009
LinksList Documentid: 30328029

CNBC Stock Blog

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Jul.18
4:32 PM ET
Friday, 18 Jul 2008
Analyst: Count on Energy & Petroleum!

"There are plenty of upsides to the E&P sector," said Pavel Molchanov, associate analyst at Raymond James. Following are his top stock picks.

Oil Barrels

Recommendations:

Occidental Petroleum [OXY  Loading...      ()   ] –- "This is one of the most compelling values in the oil and gas space. This company has more money than it knows what to do with. And dividend yield up to close to 2 percent, which puts it on par with some of the integrated oil companies," Molchanov said.

"The biggest difference is that Occidental is growing, whereas many of the bigger companies are really not," he added.

Encore Acquisition [EAC  Loading...      ()   ] –- "Very interesting assets in a couple of the major resource growth areas. They have exposure to an emerging natural gas play in Texas and Louisiana -- The most exciting and rapidly evolving places in the country."

Continental Resources [CLR  Loading...      ()   ] –- "[It's in the] more aggressive growth end of the spectrum. They also have some of the best acreage in the Rockies and is one of the most rapidly growing oil producers in the E&P space right now."

Disclosure:

Disclosure information was not immediately available for Molchanov or his company.

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