Nine Oil and Gas Explorers and Drillers to Pump Up Your Portfolio

With the price of oil breaking $100 a barrel, and poking around $105 per barrel, maybe now is the time to look at the explorers and drillers of oil and natural gas. Did you know that the first oil drilling took place in the 9th century in the area around where Azerbaijan is located.

Here are some of the largest oil drillers and explorers by market cap:

Petroleo Brasileiro (PBR) is a Brazilian-based explorer and producer of oil and gas in in Argentina, Angola, Bolivia, Brazil, Colombia, Ecuador, Equatorial Guinea, Iran, Libya, Mexico, Mozambique, Nigeria, Paraguay, Peru, the United States, Tanzania, Turkey, Uruguay, and Venezuela. The stock has a P/E of 19, and a yield of 0.3%.

Statoilhydro ASA (STO) is a Norwegian-based producer and distributor of petroleum. The stock has a P/E of 8, a PEG of 2.13, and a yield of 1.8%.

Transocean Inc. (RIG) is an offshore drilling contractor which specializes in deepwater drilling. The stock has a P/E of 10, and a PEG of 0.27.

Diamond Offshore(DO) is a Houston, Texas-based offshore oil and gas drilling contractor. The stock has a P/E of 20, a PEG of 0.32, and a yield of 0.4%.

Noble Corp. (NE) is a Sugar Land, Texas-based contractor of oil and gas drilling services. The stock has a P/E of 11, a PEG of 0.4, and a yield of 0.3%.

Nabors Industries (NBR) is a Bermuda-based oil, gas, and geothermal land driller in the United States, Canada, South America, the Middle East, Asia, and Africa. The stock has a P/E of 10, a PEG of 0.73.

Ensco International (ESV) is a Dallas, Texas-based offshore contract driller in North and South America, Europe, Africa, and Asia. The stock has a P/E of 9, a PEG of 0.35, and a yield of 0.2%.

Enerplus Resources (ERF), although primarily a Canadian-based oil and gas investment trust, also does development drilling. The stock has a P/E of 16, and a yield of 11.8%.

Pride Intl. (PDE) is a Houston-based provider of offshore and onshore contract drilling services to oil, and natural gas companies. The stock has a P/E of 8, and a PEG of 0.61.

Sandridge Energy (SD) is an Oklahoma-based explorer, and producer of oil and natural gas. The stock has a P/E of 412, and a PEG of 3.14.

Disclosure: The author does not own any of the above.

Comments

[Maurice Roulee:]

Oil is becoming scarcer and more expensive to get at. Demand is also rising, therefore the price will continue to go up until we reach the point that we can't pay for all we want anymore. Bottom Line: We have began the downward spiral in the which the American lifestyle will begin to to look more like Europe, and then downhill from there. It's going to hurt alot. The big question? Will we accept it and tranfer our wealth to OPEC, or go to war and take it away. My guess is the later. Sorry, there is no technological fix, and renwables won't cut it.

2008 Mar 12 12:12 PM

[oldfart:]

Because Enerplus pays a dividend, it has always been a good performer for me. I have owned it for a few years now. Where it is now, even if it does not go up, you make over 11% per year. To me, it is nice to have something with an upside but also not so risky.

2008 Mar 20 12:58 PM

[Ames Tiedeman:]

ERF is most attractive. Research PGH, PWE, PVX, AAV, and HTE as well.

2008 Mar 21 09:45 AM

[sunrises:]

Hi Stockerblog,

Nice summation and article again. Thanks. Just something to add which is interesting. Although, I prefer reading bloomberg and other reports, Fast Money's Teammate: Tim Seymore was accurate in giving a preliminary alert to sell
PBR last feburary '08 on it's high prior the declining slope.

As someone who values and appreciates straight honest answers, I thank him for being one of the pros who is there repeatedly for the public. It maybe better to buy on it's recent lows'.

2008 Mar 28 10:14 PM

[sunrises:]

In addition to the above:

He also stated PBR would later return to it's highs. Fast Money's host, Dhylan Radigan is excellent in coverage as well plus has a good sense of humor.

2008 Mar 31 01:48 PM

[ripskii:]

As a matter of interest the Chinese originated deep drilling by the first century BC. They drilled for both salt and natural gas.

2008 Apr 01 08:53 PM

[stacked up:]

That sob is the most annoying, obnoxious, self-obsessed, conceited loud-mouth on CNBC, barring the bald-headed tout of course !
If you watch, and actually like Fast Money, then you deserve to lose your money real fast ! And you will !!
3 thieves and their ringmaster push their agendas to sheep like you who actually find some import in what these snake-oil salesmen/traders are saying ..Pathetic !
Why not donate your funds to charity instead ?


On Mar 31 01:48 PM sunrises wrote:

> In addition to the above:
>
> He also stated PBR would later return to it's highs. Fast Money's
> host, Dhylan Radigan is excellent in coverage as well plus has a
> good sense of humor.

2008 Apr 13 01:37 PM