This Day On The Street
Continue to site
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

2 Lesser-Known Energy Stocks Ahead of Earnings

NEW YORK ( TheStreet) -- If you were a stock salesperson and you wanted to sell the masses a great energy company, which one would you choose to solicit?

You might choose Exxon Mobil (XOM - Get Report) especially now that it's hit a 52-week high and pays a decent dividend. But the medium-term upside potential might be rather limited?

After the market closes on Wednesday, Aug. 8, two smaller, less famous energy companies will report their quarterly earnings, and one has a better dividend yield than the giant XOM.

Let me start with Continental Resources (CLR - Get Report), the Oklahoma energy company that explores and produces oil and gas in its own backyard and in other regions throughout the U.S.

CLR sells its oil and natural gas production to end users, as well as to midstream marketing companies or oil refining companies at the lease. You might want to carefully scour their interesting Web site and learn why they call themselves, "America's Oil Champion"-- and you thought Exxon held that title!

As of Dec. 31, 2011, Continental estimated their proved reserves were 508.4 million barrels of crude oil equivalent, with estimated proved developed reserves of 205.2 million barrels of crude oil equivalent.

The company had interests in 3,255 wells and served as the operator of 2,082 of these wells. Continental Resources was founded in 1967 and is headquartered in Enid, Okla. They've been around 45 years and they know what they're doing.

At least Harold Hamm believes that, with more money invested in the company than one could imagine. The 66-year old executive chairman and CEO owns a whopping (are you sitting down?) 123,259,048 shares of his own company. Talk about insider ownership!

At around $69-a-share, that means Hamm owns over $8.5 billion, that's "billion," with a "b," of CLR. On May 16 he purchased over $7 million more and paid between $71.51 and $72.21 per share.

Another owner of great conviction is one of my favorite privately owned institutions, FMR (a.k.a. Fidelity Investments). But compared to Hamm, their $702 million dollar stake (8,183,951 shares) pales into some insignificance.

In fact, the percentage of CLR shares held by all insiders and 5% owners is a staggering 76%. For a company with a $12.37 billion market cap where the CEO owns over $8.5 billion (69%), it might be "America's Champion" when it comes to insider ownership.
1 of 3

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
Only $9.95
14-Days Free
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
SYM TRADE IT LAST %CHG
ATO $55.32 0.04%
CLR $31.80 -4.82%
XOM $78.06 -1.45%
AAPL $118.44 -2.36%
FB $94.14 0.14%

Markets

Chart of I:DJI
DOW 17,598.20 -91.66 -0.52%
S&P 500 2,098.04 -5.80 -0.28%
NASDAQ 5,115.3820 -12.8990 -0.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs