: As the world's largest oilfield services company, Schlumberger is the first to benefit when drillers start spending again. Following their merger with Cameron International, they are positioned to dominate the service market in 2017.
The Best Oil Drilling & Energy Stocks to Buy in 2017: A Complete Guide
The energy sector is entering 2017 with a renewed sense of optimism. After a turbulent 2016, a combination of OPEC production cuts and increasing global demand has set the stage for what could be a major comeback year for oil and gas. oil drilling stocks to buy 2017
: Many analysts favor Chevron over its peers because it is more highly leveraged to rising crude prices. The company reached a critical milestone in late 2016: at $52 per barrel, its operations are now cash-flow positive, meaning it can fund its dividend and growth entirely from its own pockets.
: Another Permian powerhouse, Pioneer is forecasting production growth of 15%–17% in 2017. Their strategy involves selling off lower-performing assets to focus on high-yield "core" acreage. 3. Oilfield Services & Midstream : As the world's largest oilfield services company,
: This midstream operator manages pipelines and storage. As drilling activity picks up, the demand for transporting that oil increases. Magellan currently offers a high dividend yield of over 4% and maintains strong operating margins.
: A leader in rig equipment, NOV is a "recovery play" for investors who believe the global drilling fleet will need massive upgrades after years of underinvestment. 4. Speculative Picks for High Upside Top Oil Stocks to Buy in 2017 | The Motley Fool After a turbulent 2016, a combination of OPEC
: BP offers one of the highest dividend yields in the industry, often exceeding 6%. With earnings expected to surge as the industry recovers, it is a top pick for those seeking yield. 2. High-Growth Shale Drillers