Finding stocks with beneficial yields can be difficult. Stocks with yields more then 5% can be even more difficult. If you are looking to broaden your horizons into some oil service stocks, these would be great stocks to consider. No, they might not be as exciting and exploration and production oil stocks, but they could really add to your portfolio. Dr. Osman Gulseven has found these 5 great stocks with appealing yield percentages.

El Paso Pipeline Partners (EPB): El Paso is planning to split its subsidiary El Paso Exploration & Production (EPEP) by the end of 2011. As of Friday’s close, the Houston-based El Paso had a $6.7 billion market cap. P/E ratio is 13.0, and forward P/E is 15.07. The company had an EPS growth of 23.14% during the last five years. With a profit margin of 27.4% and a dividend yield of 5.26%, El Paso is an excellent stock to pick.

Magellan Midstream Partners (MMP): Magellan recently said that one of its docks in Louisiana has been reopened. The Oklahoma-based company, as of the July 1 close, had a market cap of $6.79 billion, and a P/E ratio of 19.76. Forward P/E ratio is 17. Earnings increased by 28.38% this year. Dividend yield in 2010 was 5.11%, whereas the company’s profit margin was 20.18%.

NuStar Energy (NS): NuStar and Velocity Midstream recently signed a letter of intent to develop a joint pipeline. As of Friday’s close, NuStar had a $4.2 billion market cap. Its trailing P/E ratio is 19.82, and forward P/E ratio is 17.62. Although earnings decreased by 8.03% this year, analysts expect the company to enjoy 13.54% EPS growth for the next year. With a dividend yield of 6.61%, and a profit margin of 5.28%, NuStar is a decent pick for anyone looking to make some serious income.

Spectra Energy Partners (SEP): Spectra recently bought Big Sandy Pipeline from EQT Corp. With a market cap of $3.13 billion, as of the July 1 close, the Houston-based Spectra had a P/E ratio of 18.30, and a forward P/E of 17.12. Analysts estimate 10.71% EPS growth for the next year, whereas earnings increased by 9.10% this quarter. With a magnificent profit margin of 79.49%, and a dividend yield of 5.78%, Spectra is a superb stock for dividend lovers.

Sunoco Logistics Partners (SXL): Sunoco Logistics recently boughtEagle Point tank farm from Sunoco, Inc. (SUN). As of the July 1st close, Sunoco had a market cap of $2.86 billion. P/E is 9.24, whereas forward P/E is 15.5. The company had an EPS growth of 31.78% during the last five years, while earnings increased by 44.20% this year. Although the profit margin is thin (4.22%), the company offers a satisfactory dividend of 5.54%.

Looking to get oil into your portfolio? Why not oil service stocks? These five are good picks and could pay out well. Why not try and make a little money off your investments? Sounds like a great idea to me!

Quotes taken from report by Dr. Osman Gulseven, Read the entire article here.

This is not an offer to buy or sell securities. Oil investment carries with it very high risks. The information contained within this site has not been nor will it be verified by Petro Lucre LLC D.B.A Turn Key Oil and is subject to change at any time. We are not a United States Securities Dealer or Broker or United States Investment Adviser. Do your own due diligence and consult with a licensed professional before making any investment decisions. Please read our full disclaimer before making any decisions.

Found some more undervalued energy stocks, which have been periodically appearing in our posts. Good stock picks and they are undervalued? Sounds like a pretty good deal to me. Bret Jenson has put together the important details about investing in these undervalued stocks.

Hess Corporation (HES) – Hess Corporation and its subsidiaries operate as an integrated energy company. It operates in two segments, Exploration and Production (E&P) and Marketing and Refining (M&R). The E&P segment explores for, develops, produces, purchases, transports, and sells crude oil and natural gas. This segment engages in exploration and production activities principally in Algeria, Australia, Azerbaijan, Brazil, Colombia, Denmark, Egypt, Equatorial Guinea, Gabon, Ghana, Indonesia, Libya, Malaysia, Norway, Peru, Russia, Thailand, the United Kingdom, and the United States.

Patterson-UTI Energy (PTEN) – Patterson-UTI Energy, Inc., through it subsidiaries, provides onshore contract drilling services to oil and natural gas operators. The company offers pressure pumping services that consist of well stimulation and cementing for completion of new wells and remedial work on existing wells in Texas and the Appalachian Basin; and contract drilling services primarily in Texas, New Mexico, Oklahoma, Arkansas, Louisiana, Mississippi, Colorado, Utah, Wyoming, Montana, North Dakota, Pennsylvania, West Virginia, and western Canada. It also owns and invests in oil and natural gas assets located primarily in Texas and New Mexico.

World Fuel Services (INT) - World Fuel Services Corporation engages in the marketing and sale of marine, aviation, and land fuel products and related services worldwide. Its Marine segment markets fuel and related services to international container and tanker fleets, commercial cruise lines, and time-charter operators, as well as to the United States and foreign governments. The company’s Aviation segment markets fuel and related services to commercial airlines, second and third-tier airlines, cargo carriers, regional and low cost carriers, corporate fleets, fractional operators, private aircraft, military fleets, and to the United States and foreign governments.

Each of these stocks are at a point where they are ready for a jump. Because they are undervalued, this is your opportunity to buy in and benefit from their next jump. Additional due diligence would be helpful in ensuring that one of these stocks would be a good fit for your portfolio. Either way, keep an eye on these guys.

Quotes taken from report by Bret Jenson, Read the entire article here.

This is not an offer to buy or sell securities. Oil investment carries with it very high risks. The information contained within this site has not been nor will it be verified by Petro Lucre LLC D.B.A Turn Key Oil and is subject to change at any time. We are not a United States Securities Dealer or Broker or United States Investment Adviser. Do your own due diligence and consult with a licensed professional before making any investment decisions. Please read our full disclaimer before making any decisions.

We all know T. Boone Pickens is a great person to follow when looking for new and promising energy stock picks. The following stocks are not only liked by Pickens, himself, but are also favored by various hedge fund managers due to their downside protection. Insider Monkey has broken down the numbers and given us great information on why these are solid energy stock picks.

CompanyName	Ticker	Value (x1000)	No. of Funds
B P PLC	BP	1,749,031	41
APACHE CORP	APA	1,802,685	41
HALLIBURTON COMPANY	HAL	893,531	39
NATIONAL OILWELL VARCO INC	NOV	1,311,698	39
CHESAPEAKE ENERGY CORP	CHK	3,403,693	38
OCCIDENTAL PETROLEUM CORP	OXY	2,586,603	36
SUNCOR ENERGY INC NEW	SU	882,044	35
DEVON ENERGY CORP NEW	DVN	1,273,558	33
SANDRIDGE ENERGY INC	SD	284,753	28
PLAINS EXPLORATION & PROD CO	PXP	605,149	25
WEATHERFORD INTL LTD NEW	WFT	449,565	25
MURPHY OIL CORP	MUR	320,654	22
EOG RESOURCES INC	EOG	730,653	21
CANADIAN NATURAL RESOURCES	CNQ	978,743	20
OCEANEERING INTERNATIONAL INC	OII	266,731	18
MCMORAN EXPLORATION CO	MMR	256,101	17
NOBLE CORP BAAR	NE	335,086	17

British Petroleum and Apache Corp are the two most popular energy stocks among hedge fund managers. There were 41 hedge funds holding each stock at the end of March and the total value of hedge fund holdings was around $1.8 billion. Boone Pickens is bullish about both companies. He initiated his APA position during the first quarter and he also boosted his stake in BP by 18%. Bill Miller, Eric Mindich and David Einhorn are among BP’s invetors (See Einhorn’s top stock picks).

Chesapeake Energy (CHK) was Boone Pickens’ largest position at the end of March. Other hedge funds were also very bullish about CHK, investing more than $3.4 billion in the company. Mason Hawkins, Israel Englander and Carl Icahn are among the CHK investors (Check out Icahn’s favorite stocks here).

Occidental Petroleum is another stock with tremendous hedge fund interest. Boone Pickens increased his bets on OXY by 65% during the first quarter. Hedge funds collectively invested more than $2.5 billion in OXY. Ken Fisher, Ralph Whitworth and Ric Dillon have very large bets on OXY. Occidental Petroleum is one of Ken Fisher’s favorite stock picks.

There are plenty of solid stock to choose from when looking at this list. I think that is possible that you are able to find a stock in this list that fits your criteria and interest. Hey, if T. Boone says its good, it must be good! As always, additional due diligence can never hurt.

Quotes taken from report by Insider Monkey, Read the entire article here.

This is not an offer to buy or sell securities. Oil investment carries with it very high risks. The information contained within this site has not been nor will it be verified by Petro Lucre LLC D.B.A Turn Key Oil and is subject to change at any time. We are not a United States Securities Dealer or Broker or United States Investment Adviser. Do your own due diligence and consult with a licensed professional before making any investment decisions. Please read our full disclaimer before making any decisions.

The U.S. has been talking about energy independence for some time now. If we want energy independence, where is all this oil going to come from? Well, there are 5 states that produce the most oil in the country. I am sure you could guess a few, but a few my surprise you as well. Eric Fox gives us all the details. 

1. Texas
It’s no surprise that Texas is the largest domestic producer of oil as this state has had a culture associated with the oil business for more than century. Many historians trace the beginning of the modern oil era to the famous Spindletop well drilled near Beaumont, Texas in 1901. The well blew out and reportedly produced 100,000 barrels of oil per day until it was brought under control nine days later.

2. Alaska
Alaska is the second-largest oil producer of crude oil with average daily production of 670,553 barrels in February 2011 (includes natural gas liquids). The state was a relatively minor source of domestic production of crude oil until the discovery of oil in the North Slope in the 1970s. Production from the Prudhoe Bay field and other fields began in 1977 and at one point comprised 25% of all U.S. oil production.

3. California
Some might find it odd that California is the third largest producer of crude oil in the United States, as this state has a reputation as ground zero for the environmental movement.

Things were much different in the middle of the 19th century, as the oil industry in California began with operators building tunnels or pits to get at the oil, much of which seeped to the surface. The first successful oil wells were drilled in the 1860s and the industry hasn’t stopped since.

4. North Dakota
North Dakota has the honor of being the fastest-growing state oil producer over the last few years, as it has seen oil production increase from less than 100,000 barrels per day in 2005 to the 348,367 barrels per day reported in February 2011.

5. New Mexico
New Mexico is the fifth-largest domestic oil producer with average daily production of 177,815 barrels per day in 2010. The state is a relative newcomer to the business compared to other top producers, with the first successful commercial oil well drilled in 1924.

With these five states producing as much oil as they do, we are well on our way to being self sufficient. It will be interesting to see if these ranking maintain their status, or if other will jump ahead. 

Quotes take from a report by Eric Fox, Read the entire article here.

This is not an offer to buy or sell securities. Oil investment carries with it very high risks. The information contained within this site has not been nor will it be verified by Petro Lucre LLC D.B.A Turn Key Oil and is subject to change at any time. We are not a United States Securities Dealer or Broker or United States Investment Adviser. Do your own due diligence and consult with a licensed professional before making any investment decisions. Please read our full disclaimer before making any decisions.

The Gulf of Mexico has been a taboo topic when it comes to offshore drilling. After the BP disaster, the Gulf has had a pretty negative connotation attached to it, and often companies and investors are steering clear of it. However, one company is braving the heat and continuing shallow water drilling in the Gulf. That company is Hercules Offshore Inc. Let’s get the whole story from Daniel Gilbert.

…But where some of its rivals see depleted oil and gas reserves, Hercules says it sees opportunity. Drilling in the area has been declining for the past decade, but Hercules is banking on its greater scale to reduce costs and stimulate more customer demand from its clients, such as Chevron Corp.

Even before the Seahawk rig purchase, Hercules said it had reduced operating costs by more than 40% between the third quarter of 2008 and the end of 2010, and trimmed its debt by nearly $300 million over the same period.

“We believe in the Gulf of Mexico long term,” Jim Noe, a senior vice president and the company’s general counsel, said in a recent interview.

Not everyone is bullish about the shallow-water Gulf’s prospects. Loretta Cross, managing partner at Grant Thornton LLP’s corporate advisory and restructuring unit, said she believes drilling activity in the shallow-water Gulf has further to fall.

Hercules concedes that its best growth opportunities lie in international waters, where the fees are higher and the contracts are longer. And more than half of the company’s revenue has come from international operations in the past few years, according to Mr. Noe. But it is holding onto its hopes for the Gulf.

Hercules’ revenue, which two years ago was more than $1.1 billion, last year shrank to $657.5 million. It ended 2010 with a $134.6 million loss.

The company’s recent results apparently annoyed many shareholders upset over the company’s executive-compensation practices.

On May 16, Hercules disclosed in a regulatory filing that a majority of shareholders voted against the company’s executive compensation plan for 2010, a rare event that has happened at fewer than 2% of more than 1,300 companies this year that have held votes, according to the advisory firm Institutional Shareholder Services.

The nonbinding vote came after ISS and Glass Lewis, another advisory firm, criticized Hercules for a gap between pay and performance. Hercules executives received $3.8 million in incentive and retention bonuses last year, more than four times the value of the previous year’s bonuses.

Mr. Noe, the second-most highly paid executive after chief executive John Rynd, said the company would “evaluate and respect the vote that was cast.” But he defended the pay practices and said performance was affected by circumstances the company couldn’t control: the economic recession; the explosion on the Deepwater Horizon rig that prompted a temporary drilling moratorium by the Interior Department; the glut of natural gas that has pushed prices down and hurt demand for the company’s drilling services. Most of what is produced in shallow waters is gas…

Hercules Offshore is putting a lot of energy into the Gulf, which can either pay off, or greatly hurt them. Of coarse they have their hands in other locations across the globe, but having a strong focus on the Gulf could be risky. Will this risk pay off? 

Reported by Daniel Gilbert, Read the entire article here.

This is not an offer to buy or sell securities. Oil investment carries with it very high risks. The information contained within this site has not been nor will it be verified by Petro Lucre LLC D.B.A Turn Key Oil and is subject to change at any time. We are not a United States Securities Dealer or Broker or United States Investment Adviser. Do your own due diligence and consult with a licensed professional before making any investment decisions. Please read our full disclaimer before making any decisions.

BigGovernment.com

Posted Mar 25th 2011 at 10:05 am

by Robert Bluey

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CNNMoney.com reports:

The offshore drilling ban imposed after the BP disaster is only supposed to hit operations in deep water — 500 feet or more.

But drillers in shallow water say they haven’t been issued permits since the April 20 explosion. The delay has already forced hundreds of layoffs, and many more could be on the way.

“I’m almost out of business over here,” said Paul Butler, president of Spartan Offshore, a small drilling company in Metairie, La.

Butler said that only one of his four drill rigs are operating; all four were drilling before the spill. Spartan has six contracts that would put his entire fleet back to work, but he can’t get going until the permits come through, he added.

The week before last, Butler said he had to lay off 72 employees. Come Tuesday he’ll have to let another 140 go.

Why are these shallow water drillers being effected when Obama only banned deep water drilling?

“The Department of Interior isn’t issuing permits,” said Jim Noe, a Hercules executive. “By mid July all of our rigs will be on the beach, and the workers without a job.”

Not issuing permits? Didn’t a federal judge strike down Obama’s moratorium? This just shows the corruption that is the Obama administration. Obama doesn’t care about the effect his baseless moratorium has had on Americans who work on this rigs, nor does he care about the skyrocketing cost of all American’s energy bills should his cap-and-trade energy tax pass.

Typical Obama doing whatever he can to push his agenda. To hell with American jobs and the companies that employ them. Not to mention that Obama is breaking the law by continuing the moratorium.