Top Oil Stocks 2012 - Top Oil Stocks to Buy 2012

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Oil Stocks to Buy 2012 - 2012 Oil Stocks

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.  Right now, the price of Oil has dropped from $99 down into the mid $80's as debt fears out of Europe hamper the stock market.  It is really difficult to make a prediction on oil prices in 2012 with what we are going through in August 2011.  From what I know now, I feel we will hold steady in the $90's for awhile.  If the US Economy holds up through this weak market, Oil could retest the high of 2011 around $115 in 2012

Key Areas of Oil Exploration in 2012 - Eagle Ford Shale - Niobrara Shale - Bakken Shale - Permian Basin - Oil Discoveries are happening right now in these fields and in 2012, more Oil Discoveries will be made.  Keep an eye on the Utica Shale , specifically in Ohio which has been a major oil discovery.  The Chainman Shale hasn't been mentioned much in 2011 but is still worth watching.  Cabot Oil & Gas (COG) mentioned in late 2010 that they are drilling for oil in the Chainman Shale.  We also have Venoco (VQ) drilling the Monterey Shale in California.   With that, here is a list of my best oil stock picks for 2012

Latest 2014 Stock Picks - Best Oil Stocks 2014

#1 Top Oil Stock Pick for 2012 - Kodiak Oil & Gas (KOG) - Kodiak Oil & Gas (KOG) is my #1 oil stock to buy in 2012.  Kodiak Oil & Gas is another exploration producer with acreage in the Bakken Shale.  This acreage is in some of the best zones in the Bakken which includes the Three Forks Oil zone.  KOG is expected to go from $120 million in revenues in 2011 to $640 million in revenues in 2012.  Over the past year, KOG has been trading between $7-$11.  KOG is a great long term oil stock play but if you are looking for a pure trade, buy KOG below $9.  While KOG is currently trading above $10, I am waiting for a pullback to buy.  I now have a $14-$16 price target for KOG in 2012.  Discuss KOG

Kodiak Oil & Gas Corp. engages in the acquisition, exploration, exploitation, development, and production of natural gas and crude oil in the United States. The company’s oil and natural gas reserves and operations are primarily concentrated in the Williston Basin of North Dakota and Montana, and the Green River Basin of Wyoming and Colorado

#2 Top Oil Stock To Buy 2012 - ( Oil Exploration and Production Comapny ) -  Whiting Petroleum (WLL) - Whiting Petroleum (WLL)  replaces Brigham Exploration (BEXP) as my best oil stock in 2012 after BEXP was bought out.  Whiting Petroleum (WLL) has been hitting huge oil wells in the Bakken Shale and there is no signs of this stopping.  The Bakken is the largest oil field in the US and estimates have been going through the roof.  In late 2011, WLL hit a record oil well in the Bakken and I feel this stock is way undervalued.  Whiting Petroleum (WLL) stock is currently trading at $41.25 and I am giving it a $55 price target in 2012.  Update*** WLL has blown away this price target in early 2012.  I am now looking for WLL to hit $70 at some point in 2012 as oil prices continue to rise.

 

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Other Top Oil Stocks to Watch

Chesapeake Energy Corporation (CHK)
Samson Oil & Gas Limited (SSN)
Rex Energy Corporation (REXX)

Top Oil Stock Pick 2012 - Oil StocksBrigham Exploration Co. (BEXP) - Brigham Exploration (BEXP) is my top oil stock pick for 2012 and for good reason.  BEXP is a power house driller in the Bakken Shale where the company controls over 230,000 de-risked acres.  BEXP stock currently fetches $28 but the recent stock market crash had the stock trading below $23.  I feel BEXP would be a solid buy below $25 and I have a price target of $40 on the stock in 2012.  With Oil trading in the mid $80's right now, I feel there is a lot of upside in 2012.  Watch Brigham Exploration (BEXP) closely in 2012.

Brigham Exploration Company is an independent exploration, development and production company that utilizes advanced exploration, drilling and completion technologies to systematically explore for, develop and produce domestic onshore oil and natural gas reserves.

Update - BEXP was bought out in late 2011 for $36 per share by StatOil (STO)



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