After roaring back in 2016, natural gas prices could have even more upside in 2017 thanks to an emerging demand driver.
Global oil and gas companies made the fewest new discoveries last year in the past 70 years after having gutted exploration budgets and coming up dry on several promising prospects.
So much of Spectra Energy's future is contingent on its merger plans with Enbridge, which has yet to be completed.
The large independent oil and gas producer’s stock surged in 2016 thanks to rising oil prices and a compelling acquisition. While it will be hard to match its performance, the company sees ample growth on the horizon.
A trio of stocks starts 2017 by making their shareholders incrementally richer.
The shale driller got back on its feet last year thanks to an emerging shale play in Oklahoma, which will be a key to its future success.
The shale driller’s stock survived a bankruptcy restructuring last year.
The exploration and production company was riding high in 2016 thanks to a new discovery, but it will take several years before that play starts to deliver results.
There were several reasons why Cobalt International Energy, Continental Resources, Carrizo Oil & Gas, Newfield Exploration, and SM Energy failed to follow oil prices higher last month.
The two beleaguered entities in the Enbridge and Spectra Energy merger are seeing signs that things could get better.