2010 Energy Outlook: Oil vs NatGas

If the U.S. continues to focus on reducing its carbon footprint, natural gas will be a better buy than oil in 2010, said Phil Weiss, senior energy analyst at Argus Research Company.

Sector Spotlight: Energy
Sector Spotlight: Energy   

Still, only one of his top energy picks for the New Year involves the natural gas category, because the shares are trading a bit too high, he said.

Weiss Likes:

ExxonMobil — It's one of the best managed companies in the energy sector, and 2010 will be a strong year for production growth, Weiss said. The company has a strong balance sheet, and Weiss thinks that in the longterm, its acquisition of natural gas company XTO will be a good one.

Noble and Transocean — Both rig suppliers are leaders in the deepwater space, where there is still a lot of area for exploration, Weiss said.

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Weiss owns shares of Noble and Transocean.