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2010 Energy Outlook: Oil vs NatGas

Monday, 21 Dec 2009 | 3:26 PM ET

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
Phil Weiss, senior energy analyst at the Argus Research Company, tells CNBC which energy names investors should consider buying in 2010.

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.

More Market Analysis:

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Rival Energy Stocks:

Chevron

ConocoPhillips

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CNBC Data Pages:

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CNBC Slideshows:

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Disclosures:

Weiss owns shares of Noble and Transocean.

Disclaimer

  Price   Change %Change
COP
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CVX
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NE
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RIG
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XOM
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