Beaten down stocks to buy 2016

Beaten down stocks to buy 2016

Posted: Titoo Date: 02.07.2017

You are using an outdated browser. Please upgrade your browser to improve your experience. It's been a wild ride for energy investors. Stocks of small U. The hope of a big turnaround was short-lived, though. Oil prices began to tumble again in June, thanks in large part to worries over slowing global economic growth.

Energy stocks retreated as well. The volatility has not spared stocks of eight small and midsized energy firms that we picked in June as being ripe for a turnaround.

And lower oil prices are forcing the companies to operate ever more efficiently.

That should pay off handsomely in the long run. All figures as of August Stocks listed in alphabetical order. Oil prices refer to West Texas Intermediate, the U.

By Carolyn BigdaContributing Writer Updated September But even as the stock symbol CRZO gets pummeled, the exploration and production concern is taking steps to solidify its business. The company works 84, acres in the Eagle Ford Shale, in the southern part of Texas. There, the breakeven cost for producing oil is among the lowest of U. They add that the company plans to drill as many wells in as it did inusing one less rig.

Diamondback Energy FANG works entirely in the Midland section of the Permian Basin in the western part of Texas, another area rich in shale.

3 Beaten-Down Stocks Ready to Bounce Back -- The Motley Fool

The oil is flowing, too. At the same time, Diamondback has been reducing costs. Even if oil prices fall further, Diamondback is in sound financial shape, with a net debt-to-EBITDA ratio of 2. In the Gulf of Mexico, for example, production is forecast to reach 1.

3 Beaten-Down Stocks Ready to Bounce Back -- The Motley Fool

When the price of oil collapsed, so did demand for land rigs. In June, the U. But since then, the number has climbed tosignaling that the worst may be over. The turnaround may take a while, though. SCOOP forex automatische handelssysteme erfahrung STACK may sound like ice cream parlor goodies, but the acronyms refer to two relatively untapped shale plays in Oklahoma where Newfield Exploration NFX is focusing buy or sell chipotle stock efforts.

The firm is also trimming how much money does toronto mayor make. And PDC has aggressively used hedges to lock in oil prices. For the remainder of2. With its relatively small market value and low stock price, Synergy Resources SYRG may look like one of the riskier bets on this list. Today, the company works 89, acres in the Greater Wattenberg area, up from just 57, acres a year ago.

Synergy has beaten down stocks to buy 2016 been ramping up the number of horizontal wells it operates. Baar, Switzerland Market capitalization: Even before oil began to slide in June, Weatherford International WFT was facing challenges.

beaten down stocks to buy 2016

It is also digging out from a considerable debt load. The stock remains a risky bet, but the company is making efforts to turn things around. In NovemberWeatherford hired Krishna Shivram from competitor Schlumberger to be chief financial officer.

In recent months, the firm dismissed nearly 10, employees and in July, announced it would eliminate another 1, jobs. The question now is whether the company is doing enough—and doing it quickly enough—to survive low oil prices, says Morningstar analyst Stephen Simko.

If it does, the stock could pop. View as One Page.

beaten down stocks to buy 2016

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