I couldn’t have planned it better. The day after I highlighted Midwest refiners as a bright spot in the energy sector, many of them rebounded. The fact remains that global demand for oil is on the rise and there is long-term profit potential supporting many North American oil and gas companies.
But that’s not to say that you should go out and load up on any and all energy stocks. Despite the catalysts that are bolstering profits for many companies, some household names have missed the boat. In fact, you may be surprised to find out that some of the biggest names in energy are actually more trouble than they’re worth. To help keep you focused on the best profit opportunities around, here are 23 companies that you’ll want to steer clear of.
|Symbol||Company Name||Quantitative Grade||Fundamental Grade||My Recommendation|
|CIE||Cobalt International Energy||D||C||Sell|
|CNQ||Canadian Natural Resources||F||D||Strong Sell|
|CVE||Cenovus Energy||F||D||Strong Sell|
|DVN||Devon Energy||F||D||Strong Sell|
|PBR||Petrobras Petroleo Brasileiro||F||D||Strong Sell|
|PXD||Pioneer Natural Resources||D||D||Sell|
|RDS.A||Royal Dutch Shell PLC||F||C||Sell|
|SU||Suncor Energy||F||D||Strong Sell|
|TLM||Talisman Energy||F||D||Strong Sell|