Oil prices have soared in the past year with some experts predicting $100 or $80 per barrel this year. The WTI Crude Oil closed at $71.01 for a rise of over 48% in one year. As oil prices rise so do the stocks of most oil producers.
Some of the exchange-listed foreign oil producers have soared by more than 25% so far this year. The table below shows the year-to-date price returns of foreign oil ADRs:
Note: Returns shown above are based on price only (excluding dividends).
A few observations:
- The best performer in the above list Brazilian oil major Petrobras(PBR). After a major corruption scandal the stock fell from over $60 a few years and now is on the path to recovery.
- Colombia’s EcoPetrol(EC) used to be another hi-flier that fell back to earth to trade at below $10 a share. Currently the stock on a nice upward trajectory and as tensions in middle east increase oil producers in other regions rise faster. Ecopetrol paid out a decent dividend earlier this year and could double from current levels by next year.
- Compared to the performance of emerging market oil producers the developed market companies have not performed very well. For example, Italian oil producer Eni(E) is up 17% and France’s Total(TOT) has shot up by only 16% year-to-date.
For US oil and gas producers check out the following links:
- The Complete List of Oil and Gas Producers Trading on the NYSE
- The Complete List of Oil and Gas Producers Stocks Trading on NASDAQ
Disclosure: Long EC, PBR
