Below is a list of my latest oil stock picks for 2012. These 2012
Oil Stock Picks are my favorite stocks to buy and some of the stocks I will be trading personally. In 2011, one of my
top oil stock picks was Kodiak Oil & Gas (KOG). KOG stock went from $4 to $8 from December
2010 to February 2011 and was one of the best performing stocks in my portfolio. KOG
still has room to run and will probably go to $13-$15 as we end 2012. Kodiak Oil & Gas (KOG) is an up and coming
oil company in the Bakken Shale.
Key Areas of Oil Exploration in 2012 -
Collingwood Shale - Eagle Ford Shale - Niobrara Shale - Bakken Shale - Permian Basin - Oil discoveries are still going on in these fields and in 2012, more oil discoveries will be made. Watch
for drilling activity in the Chainman Shale - Cabot Oil & Gas (COG) mentioned in late 2010 that they are drilling for oil
in the Chainman Shale. Also, watch for key developments in the Tuscaloosa Marine Shale and the Smackover Brown Dense Shale. These are two U.S oil fields that in their infancy. With that, here is
a list of my best oil stock picks for 2012
Top Oil Stocks 2012 - Kodiak Oil & Gas (KOG) - Kodiak
Oil & Gas (KOG) is my top oil stock pick for 2012. KOG operates in the Bakken Shale and is actively acquiring acreage which will power growth in 2012. In my opinion, KOG is not a risky oil stock and should
be a solid investment as we head into 2013 and beyond. I am upgrading KOG at $9 by giving the stock a $20-$30 price target by February 2014. Higher oil prices combined with earnings and production growth should help KOG reach 4-6 billion
in market cap by 2014. KOG is my top oil stock to buy on any major dip.
#2 - Best Oil Stocks 2012 - Encana (ECA) - Encana (ECA) is best known as a natural gas company. However, Encana is moving quickly to position
itself toward greater oil exposure. While ECA doesn't have a position in the Bakken Shale, it has a large position in
the up and coming Utica Collingwood Shale. The Utica/Collingwood Shale is an oil & gas field located in North Michigan. Encana
has discovered hydrocarbon shows there and believe they sit on a nice oil field on their acreage. Expect Encana
to hit oil in the Collingwood starting in 2012 which will power the stock higher.
Other Oil Stocks to Watch in 2012/2013
Whiting Petroleum (WLL) Samson Oil & Gas Limited (AMEX:SSN) Lucas
Energy, Inc. (AMEX:LEI) Tengasco, Inc. (AMEX:TGC)
