10 Best Oil Stocks by Oil Reserves
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Transcript of 10 Best Oil Stocks by Oil Reserves
Cheap Oil
Using data from S&P Capital IQ, I've uncovered the 10 oil stocks that have the lowest enterprise value-to-
proved oil reserves.
In each case, an investor can buy an oil stock that is selling at a price that values its proved oil reserves for
$20 per barrel or less. Even better, the company’s natural gas reserves are thrown in at no additional cost.
ConocoPhillips (NYSE: COP)
• Total Enterprise Value: $98.6 Billion
• Proved Oil Reserves: 4.8 Billion Barrels
EV-to-Proved Oil Reserves: $20.66 per barrel
Oasis Petroleum (NYSE: OAS)
• Total Enterprise Value: $4.7 Billion
• Proved Oil Reserves: 235.4 Million Barrels
EV-to-Proved Oil Reserves: $19.93 per barrel
Whiting Petroleum (NYSE: WLL)
• Total Enterprise Value: $11.8 Billion
• Proved Oil Reserves: 643.6 Million Barrels
EV-to-Proved Oil Reserves: $18.27 per barrel
Denbury Resources (NYSE: DNR)
• Total Enterprise Value: $6.1 Billion
• Proved Oil Reserves: 362.3 Million Barrels
EV-to-Proved Oil Reserves: $16.93 per barrel
Marathon Oil (NYSE: MRO)
• Total Enterprise Value: $23.6 Billion
• Proved Oil Reserves: 1.6 Billion Barrels
EV-to-Proved Oil Reserves: $14.94 per barrel
Abraxas Petroleum (NASDAQ:AXAS)
• Total Enterprise Value: $425.7 Million
• Proved Oil Reserves: 29.4 Million Barrels
EV-to-Proved Oil Reserves: $14.48 per barrel
Northern Oil & Gas (NYSEMKT: NOG)
• Total Enterprise Value: $1.3 Billion
• Proved Oil Reserves: 88.9 Million Barrels
EV-to-Proved Oil Reserves: $14.16 per barrel
Approach Resources (NASDAQ: AREX)
• Total Enterprise Value: $739.2 Million
• Proved Oil Reserves: 55.3 Million Barrels
EV-to-Proved Oil Reserves: $13.36 per barrel
Bill Barrett Corp (NYSE: BBG)
• Total Enterprise Value: $1.1 Billion
• Proved Oil Reserves: 83.8 Million Barrels
EV-to-Proved Oil Reserves: $13.02 per barrel
California Resources (NYSE: CRC)
• Total Enterprise Value: $2.9 Billion
• Proved Oil Reserves: 551 Million Barrels
EV-to-Proved Oil Reserves: $5.19 per barrel
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