Disruption in the Strait of Hormuz Highlights Non-Middle East Oil and Gas Producers
The Strait of Hormuz disruption has drawn attention to oil and gas producers less directly exposed to this chokepoint. Three non-Middle East stocks stand out from Simply Wall St's screener: Obsidian Energy, Infinity Natural Resources, and Vista Energy.de.
Obsidian Energy is a Canadian upstream producer focused on Western Canada, where it generates all of its CA$543.7 million in revenue from oil and gas exploration and production. Analysts point to rapid earnings and revenue growth, but also low ROE, high P/E versus peers, and reliance on external borrowing and credit facilities.
Infinity Natural Resources is a US-based producer with oil-weighted assets in Ohio's Utica Shale and gas-weighted positions in Pennsylvania's Marcellus and Utica Deep Dry Gas plays. The company generates all of its US$522.7 million in revenue from acquiring, exploring, developing, and producing crude oil, natural gas, and natural gas liquids in the United States.
Vista Energy.de is a Latin American oil and gas producer focused on developing and operating upstream assets in the Vaca Muerta shale in Argentina, with additional producing fields in Argentina and Mexico. It generates approximately US$3.5b in revenue from exploration and production of crude oil, natural gas, and LPG.