Ovintiv’s principal assets are in the Permian in West Texas, Anadarko in west-central Oklahoma and Montney in northeast British Columbia and northwest Alberta. Its other upstream assets are in the Eagle Ford in south Texas, Bakken in North Dakota, Uinta in central Utah, Duvernay in west central Alberta, Horn River in northeast British Columbia, and Wheatland in southern Alberta. The company was formerly known as Encana.
Shareholders receive a 2% dividend. Ovintiv stock has a $71 price target at Wells Fargo. That is higher than the $66.67 consensus target and Friday’s $51.32 closing print.
Williams Companies
This top energy company is a solid pick for investors who are more conservative and looking for exposure to natural gas and LNG. Williams Companies Inc. (NYSE: WMB) operates as an energy infrastructure company primarily in the United States.
Its Transmission & Gulf of Mexico segment comprises Transco and Northwest natural gas pipelines, as well as natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region. The Northeast G&P segment engages in the midstream gathering, processing and fractionation activities in the Marcellus Shale region, primarily in Pennsylvania and New York, and the Utica Shale region of eastern Ohio.
The West segment comprises gas gathering, processing and treating operations in the Rocky Mountain region of Colorado and Wyoming, the Barnett Shale region of north-central Texas, the Eagle Ford Shale region of South Texas, the Haynesville Shale region of northwest Louisiana and the Mid-Continent region, which includes the Anadarko, Arkom, and Permian basins. It also includes NGL and natural gas marketing operations, as well as storage facilities.
The company owns and operates 30,000 miles of pipelines, 34 processing facilities, nine fractionation facilities and approximately 23 million barrels of NGL storage capacity.
Investors receive a 5.41% dividend. The $42 price objective at Raymond James accompanies a Strong Buy rating. The consensus target is $37.61, and Williams Companies stock closed on Friday at $31.51.
These seven top energy picks with a focus on natural gas production and sales are perhaps off the radar for some investors, but they offer outstanding growth potential and reasonable entry points, as compared to some of the other companies in the sector.
Traders saw the cold weather coming Friday, as the spot price jumped a stunning 7% to close at $3.16. Between the short interest and increasing demand, the price could surge higher.
Originally published at 24/7 Wall St.
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
