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Do You Own an Awesome Energy Stock?

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The results are in and energy companies as a whole delivered strong first quarter results. Higher energy prices combined with booming production made it easy for many companies to turn in outstanding …

The results are in and energy companies as a whole delivered strong first quarter results. Higher energy prices combined with booming production made it easy for many companies to turn in outstanding results. That said, three companies really stood out as each managed through rough winter conditions to turn in a really awesome first quarter.

Most surprising of the bunch was Encana (NYSE: ECA), which is in the middle of a major turnaround. Encana's strong first quarter showed that its turnaround is on track, if even ahead of schedule. Meanwhile, Halcon Resources (NYSE: HK) turned in exceptionally strong results in the face of extremely rough winter weather in North Dakota. Halcon Resources, which had been a disappointment to investors for much of last year started this year out with a bang. Finally, EOG Resources (NYSE: EOG) turned in what was another stellar quarter. Of the group EOG Resources' results were least surprising as it simply continues to do exceptionally well.

There's more to each of these first quarter stories, which is why I created the slideshow below. The presentation details just how well Encana, Halcon Resources and EOG Resources performed in the first quarter as well as what investors can expect from each company going forwa

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  • https://www.flickr.com/photos/lindseygee/5894614162/in/photolist-9YQzYD-9YQJdz-9YTmTs-9XMxM3-9YTrqE-9YTqkU-9YQnp6-9YQvJa-9YTswj-9YQyC6-9YTDfL-9YQErP-9YQHvM-9YTAzW-9YTzgJ-9YTAYJ-9YTeKq-9YQjCB-9YTrNm-9YTtcu-8AAtwc-9x1juK-9x3LY3-9x3y8L-9x3NfW-9wZLk6-9wZMoM-9x3MPW-9wZMBD-9x3MtU-9wZMeK-9wZLbz-9wZNcT-9wZMM2-9YTEtq-9YQDyx-9YTy8N-9YTxkb-9YQrcg-9wZNP2-9x3NsS-9x3Lry-9YQFFD-9YQs1e-9YTwWf-9YTiLE-9YThKw-9YTDSh-9YQrtT-eXiffv
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  • Transcript

    • 1. Do You Own an Awesome Energy Stock? Copyright © Encana Corporation. All rights reserved.
    • 2. Despite rough winter weather, it was a pretty good quarter for energy stocks. Some companies, however, really did well. Here are this quarter’s best energy stocks. Copyright © Encana Corporation. All rights reserved.
    • 3. Encana Corporation (NYSE: ECA) Encana’s turnaround is under way. Copyright © Encana Corporation. All rights reserved.
    • 4. Drilling down into Encana’s numbers • Encana reported earnings of $515 million, or $0.70 per share. • The company beat analysts’ estimates by $0.18 per share. • Earnings were up 192% year over year. • Liquids production grew 56%, while natural gas production declined 2% over last year’s first quarter.
    • 5. Why Encana thrived • Surging liquids production yielded higher margins. • However, surging natural gas prices, up 37% over the past year, provided a big boost to Encana’s bottom line.
    • 6. What’s next for Encana? • It recently acquired a position in the oil-rich Eagle Ford Shale that will double its current oil production. • The company now has six core plays filled with high-margin, liquids-rich growth potential. • Encana’s turnaround looks to be well under way, and the company should continue to thrive.
    • 7. Halcon Resources (NYSE: HK) Halcon Resources is firing on all cylinders. Photo credit: Flickr/Lindsey G
    • 8. Drilling down into Halcon’s numbers • Halcon reported earnings of $11.9 million, or $0.03 per share. • That beat analysts’ estimates by a penny. • Production in North Dakota surged 73% over last year’s first quarter. • Despite rough winter weather in North Dakota, production was 3% higher than analysts were expecting.
    • 9. Why Halcon Resources thrived • The average 30-day initial production rate of wells drilled in the company’s Fort Berthold area surged 32% compared with wells drilled last quarter. Photo credit: Flickr/Lindsey G
    • 10. What’s next for Halcon Resources? • Halcon Resources, along with Encana, is very high on the Tuscaloosa Marine Shale. • The oil-rich shale play could become the next oil growth asset for the company. • Add that to solid growth in the Bakken Shale and Eagle Ford Shale, and Halcon Resources appears well positioned to deliver strong future returns.
    • 11. EOG Resources (NYSE: EOG) EOG Resources continues to impress. Photo credit: Flickr/Roy Luck
    • 12. Drilling down into EOG’s numbers • EOG reported adjusted earnings of $767.7 million, or $1.40 per share. • That beat analysts’ estimates by $0.21 per share. • Production surged 18% year over year, with oil production exploding 45% higher.
    • 13. Why EOG Resources thrived • Surging oil production is delivering best-in-class oil growth. • Exceptional Eagle Ford Shale wells are driving growth, while the Bakken and Permian Basin are additive to growth. Photo credit: Flickr/Roy Luck
    • 14. What’s next for EOG Resources? • EOG Resources just announced it found four new liquids-rich shale plays in the Rocky Mountains. • The company now has a 15-year drilling inventory of high-returning future well locations. • EOG Resources remains among the best positioned oil growth companies in North America.
    • 15. Bottom line • Each company offers investors a different opportunity. • EOG Resources is an established producer offering best-in-class oil-rich growth. • Halcon Resources, on the other hand, offers a lot of growth but more risk, as it’s still just getting started. • Finally, Encana is in the middle of turning around its operations by focusing on growing liquids production.
    • 16. The investment the IRS is daring you to make.

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