10 Best Oil Stocks by Oil Reserves

13
10 Best Oil Stocks by Oil Reserves Source: ConocoPhillips

Transcript of 10 Best Oil Stocks by Oil Reserves

10 Best Oil Stocks by Oil Reserves

Source: ConocoPhillips

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

This $19 trillion industry could destroy the InternetOne bleeding-edge technology is about to put the World Wide Web to bed. And if you act right away, it could make you wildly rich. Experts are calling it

the single largest business opportunity in the history of capitalism... The Economist is calling it "transformative"... But you'll probably just call it "how

I made my millions." Don't be too late to the party -- click below for one stock to own when the Web goes dark.