This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

10 Crude Oil Blue-Chips to Sell

Statoil (STO)

Statoil (STO - Get Report) is an integrated energy company that was formerly known as StatoilHydro ASA. The company operates in more than 40 countries and is based in Norway. 2010 has been a forgettable year for this energy stock, which has fallen -14.6% since January. STO is trading just above its 52-week low of $18.39, with a stock price of $21.25. Like other stocks on this list, STO made some progress in September, but is still in the red for the year, and should be avoided when looking for energy stocks to buy.

Suncor Energy (SU)

Based in Calgary, Suncor Energy (SU - Get Report) is another integrated energy company that makes the list. SU stock has had a bumpy ride in 2010, and is down -6% over the past 10 months. While the stock saw rallies in April, June, August and September, it has been unable to sustain any momentum. Perhaps prepping for another letdown, analysts have scaled back earnings estimates to $0.41 after an EPS of $0.49 last quarter. If you own Suncor Energy stock, now might be the time to sell based on its volatility and unimpressive performance.

Imperial Oil (IMO)

Imperial Oil (IMO - Get Report) is involved in the exploration, production and sale of crude oil and natural gas. While IMO has not performed as poorly as other stocks on this list, it still has seen returns of -1.7% year-to-date. Shareholders cannot be thrilled by the fact that IMO has missed earnings estimates for four consecutive quarters, including a miss of -19.4% last quarter. Its current stock price of $37.98 is slightly higher than its 52-week low of $35.18.

Devon Energy (DVN)

Independent energy company Devon Energy (DVN) is engaged in the exploration, development and production of oil and natural gas. Year-to-date, the energy stock has slipped -12.3%, compared to modest gains by the broader markets. Like other stocks on this list, analysts have cut back on earnings estimates this quarter. Experts project EPS of $1.36 this quarter compared to an actual EPS of $1.53 last quarter. Trading at $64.41, DVN is an expensive energy stock whose performance has not justified its purchase.

Anadarko Petroleum Corp. (APC)

Headquartered in Texas, Anadarko Petroleum Corp. (APC) rounds out the list of energy stocks to sell. Since January, shareholders have watched this stock fall -10.1%. While APC has rallied over the past few weeks, it is still reeling from a sharp July decline. A net profit margin of -1.1% last quarter is just another unsavory detail about this stock. Unless APC can continue to rally past its pre-July levels, consider selling this energy stock.



As of this writing, Louis Navellier did not own a position in any of the stocks named here.



>To see these stocks in action, visit the 10 Crude Oil Blue-Chips to Sell portfolio on Stockpickr.

One of Wall Street's renowned growth investors, Louis Navellier is the editor of four investing newsletters: Emerging Growth (formerly known as MPT Review), Blue Chip Growth, Quantum Growth and Global Growth. His longest-running publication, Emerging Growth, has a track record of beating the market nearly 3 to 1. Navellier is the author of a BusinessWeek bestseller, "The Little Book That Makes You Rich," and the chairman and founder of Navellier & Associates, Inc.

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
E $37.02 -0.67%
IMO $38.30 -0.88%
STO $18.52 0.00%
SU $29.56 0.00%
BP $41.30 0.00%

Markets

DOW 18,288.63 +155.93 0.86%
S&P 500 2,117.39 +12.89 0.61%
NASDAQ 5,008.0960 +44.5690 0.90%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs