Best Oil Stocks To Buy Right Now

Things have improved handily from a year ago in the energy sector. Still, even with a pro-energy White House, things are far from perfect in the oil and gas sector. Now ConocoPhillips (NYSE: COP) is delivering great news to its shareholders.

After the close of trading on Wednesday, ConocoPhillips announced that the company has signed a definitive agreement with Cenovus (NYSE: CVE) to sell its 50% interest (which is a non-operated interest) in the Foster Creek Christina Lake oil sands partnership and the majority of its western Canada Deep Basin gas assets. The total proceeds are shown to be a whopping $13.3 billion before customary adjustments.

As of the close of trading on Wednesday, ConocoPhillips had a market value of about $56.8 billion. Transactions of this sort can be transformational for many companies.

ConocoPhillips Canada will retain its operated 50 percent interest in the Surmont oil sands joint venture and its operated 100 percent Blueberry-Montney unconventional acreage position.

Best Oil Stocks To Buy Right Now: MEI Pharma, Inc.(MEIP)

Advisors’ Opinion:

  • [By Logan Wallace]

    Headlines about MEI Pharma (NASDAQ:MEIP) have been trending somewhat negative on Friday, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MEI Pharma earned a coverage optimism score of -0.06 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.5534769772513 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Best Oil Stocks To Buy Right Now: FRP Holdings, Inc.(FRPH)

Advisors’ Opinion:

  • [By Joseph Griffin]

    FRP (NASDAQ:FRPH) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

Best Oil Stocks To Buy Right Now: Enstar Group Limited(ESGR)

Advisors’ Opinion:

  • [By Andy Pai]

    Akre capital often holds positions for over ten years. As long as a company is able to keep increasing its economic value, the firm will hold a stock. Although the firm is a long-term investor, Akre doesn't attribute its success to ‘buy and hold' investing, but to the quality of the companies they buy. Some of the companies' long-term holdings have included Markel Corporation (NYSE: MKL), Dollar Tree, Inc. (NASDAQ: DLTR) and Enstar Group Ltd. (NASDAQ: ESGR).

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