Oil Drilling Stocks To Buy: 2017

: 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 oil stabilized above $50 per barrel in early 2017, independent exploration and production (E&P) companies focused on the Permian Basin are expected to lead the way in growth. oil drilling stocks to buy 2017

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. Oilfield Services & Midstream As oil stabilized above

: Focused almost exclusively on the prolific Permian Basin, Diamondback is one of the fastest-growing producers in the sector. Recent acquisitions have set them up for triple-digit production increases in the coming years. : Focused almost exclusively on the prolific Permian

: 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.