Oil Drilling Stocks To Buy 2017 -

The energy sector is entering 2017 with a renewed sense of optimism. After a turbulent 2016, a combination of OPEC production cuts and increasing global demand has set the stage for what could be a major comeback year for oil and gas.

: A leader in rig equipment, NOV is a "recovery play" for investors who believe the global drilling fleet will need massive upgrades after years of underinvestment. 4. Speculative Picks for High Upside Top Oil Stocks to Buy in 2017 | The Motley Fool

As oil stabilized above $50 per barrel in early 2017, independent exploration and production (E&P) companies focused on the Permian Basin are expected to lead the way in growth. oil drilling stocks to buy 2017

: Many analysts favor Chevron over its peers because it is more highly leveraged to rising crude prices. The company reached a critical milestone in late 2016: at $52 per barrel, its operations are now cash-flow positive, meaning it can fund its dividend and growth entirely from its own pockets.

: Focused almost exclusively on the prolific Permian Basin, Diamondback is one of the fastest-growing producers in the sector. Recent acquisitions have set them up for triple-digit production increases in the coming years. The energy sector is entering 2017 with a

: BP offers one of the highest dividend yields in the industry, often exceeding 6%. With earnings expected to surge as the industry recovers, it is a top pick for those seeking yield. 2. High-Growth Shale Drillers

: Often called "the Apple of the oil industry," EOG uses big data and proprietary drilling technology to maintain an edge over competitors. Their ability to lower break-even costs makes them a winner even in a lower-price environment. The company reached a critical milestone in late

: Another Permian powerhouse, Pioneer is forecasting production growth of 15%–17% in 2017. Their strategy involves selling off lower-performing assets to focus on high-yield "core" acreage. 3. Oilfield Services & Midstream