3 Stocks Poised for Crude Price Gains
Noble (NE) is an offshore drilling contractor that runs a global fleet of rigs, giving investors targeted exposure to deepwater oil activity. Noble generates about US$2.9 billion in annual revenue from contract drilling services.
The firm's operations are tied directly to utilization and pricing of its offshore rigs. For investors using this screener to lean into oil price sensitivity rather than diversified majors, Noble offers focused offshore leverage as producers weigh long-cycle drilling decisions against higher crude benchmarks.
A rebound in ultra-deepwater drilling activity by late 2026 to 2027 due to global energy demand growth is expected to drive large offshore project pipelines in South America (notably Brazil), West Africa, and other regions. This could support higher rig utilization and dayrates, which would boost Noble's future revenue and EBITDA.
Mercury Energy (TSX:MER) is a pure-play oil and gas explorer and producer focused on offshore and onshore fields across multiple African countries. The business generates about CA$727 million in revenue from international oil and gas exploration activities, giving investors concentrated upstream exposure.
African barrels tie Mercury's performance closely to crude price movements rather than refining or downstream activities. The Venus development project in Namibia is described by the company as a key long-life production asset intended to support sustainable cash flow and underpin future revenue and earnings.
Strathcona Resources (TSX:SCR) is a Canadian oil and gas producer focused on thermal oil sands and heavy oil projects that closely tie earnings to crude prices. The firm generates about CA$2.2 billion from Cold Lake, CA$1.1 billion from Lloydminster Thermal, CA$649 million from Lloydminster Conventional, and CA$131 million from Corporate and Midstream.
The divestment of the Montney natural gas business and redeployment of capital into oil sands and thermal oil is exceptionally well-timed as persistent global energy demand growth and underinvestment in new supply position Canadian thermal oil as a critical, high-value source.