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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Top 10 Commodity Stocks of 2010

4. Energy XXI

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

YTD Returns: 143%

Bermuda-based Energy XXI (EXXI) is engaged in the acquisition, development, exploration and production of oil and natural gas reserves in the U.S. Gulf Coast and the Gulf of Mexico.

Energy XXI is among the top picks of fund manager Patrick Gundlach, who manages Marshall Small Cap Growth Fund (MRSCX).

Reserves and production have soared, Gundlach told TheStreet recently, as management focuses on its core oil assets, combined with some recent acquisitions. Energy XXI in November announced the acquisition of $1 billion in oil and gas assets from Exxon Mobil (XOM), which will take the company's production from 26,000 barrels of oil equivalent per day to about 46,000.

Gundlach contends this growth will be sustained through its continued focus on core properties, and the effective exploitation of the newly acquired assets.

"Energy XXI's growth stands to improve even more via its exploratory program in the shallow-water-ultra-deep play with McMoRan Exploration (MMR)," says Gundlach. "Production is slated to commence from the Davy Jones discovery by the end of 2011, and upcoming results from Blackbeard East and Lafitte could also be impactful."

MKM Partners recently upgraded the stock to a buy with a price target of $35.12 out of 16 analysts rate the stock a buy.

8 of 11

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 16,465.15 -98.15 -0.59%
S&P 500 1,920.41 -10.26 -0.53%
NASDAQ 4,334.1280 -35.6450 -0.82%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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