Disruption in Hormuz Highlights Non-Middle Eastern Oil & Gas Producers
The Strait of Hormuz disruption has refocused attention on oil and gas producers less directly exposed to Middle East shipping routes.
Three stocks from a screener for Non-Middle East Oil & Gas Producers stand out: Obsidian Energy, Infinity Natural Resources, and Vista Energy.de.
Obsidian Energy generates all of its revenue from Canadian oil and gas production, offering pure play Western Canada exposure tied to global oil pricing.
The company's market cap is CA$1.10 billion, with forecasts pointing to rapid earnings and revenue growth outpacing the wider Canadian market and sector.