Some good oil stocks are ConocoPhillips, Exxon Mobile and Schlumberger, states Mark Hulbert – citing Kelley Wright – on MarketWatch. Other good oil stocks are Western Refining, WPX Energy and Gastar Exploration, claims Holly LaFon – citing T. Boone Pickens – on Forbes.
Kelly Wright identifies good oil stocks using five standards: dividend increases five times over the past 12 years; dividend payments for 25 years; an "A" Standard and Poor's Quality Investment grade; at least 5 million shares outstanding; at least 80 institutional investors; and increased earnings per share in seven of the past 12 years.
According to Mr. Pickens, low oil prices increase demand for oil and increase mergers and acquisitions activity in the oil sector. In January 2015, the Chairman of BP Capital, with 97.8 percent energy stocks under management, increased the portfolio by 6.5 percent with Western Refining stock, 1 percent with WPX Energy stock and 1 percent with Gastar Exploration stock.