“3 Strong Oil And Gas Stocks For The Summer”
May 14, 2021
“#1. Apache Corp: Smart Hedging Strategy…
During its Q1 2021 earnings transcript, Apache revealed that prescient changes to its natural gas hedging strategy right before the February freeze hit Texas brought the company an unexpected windfall in the form of a first-quarter realized gain of $147 million…
#2. Cheniere Energy: Robust LNG Demand…
After four tough quarters, Cheniere Energy (NYSE:LNG) is off to a strong start in 2021, thanks mainly to robust LNG demand. Cheniere, a leading pure-play LNG producer, has reported Q1 2021Q1 GAAP EPS of $1.54 per share beating Wall Street estimates by $0.76 while revenue of $3.09B (+14.0% Y/Y) beat by $210M…
#3. Devon: Strong Earnings + Variable Dividends
Devon has reported better than expected Q1 earnings, with GAAP EPS of $0.32 beating by $0.10, marking the eighth beat in 10 quarters through revenue of $1.76B (-15.8% Y/Y) missed by $270 million. Cash from operations before changes in working capital clocked in at $719M vs. consensus of $700.9M while free cash flow of $260M beat the consensus of $206.2M…”
https://finance.yahoo.com/news/3-strong-oil-gas-stocks-000000772.html
I got two words for you “Gas Shortages.” It seems like now is the time to invest in oil.