Energy Stocks Surge as Oil Prices Reach $90
Oil prices have surpassed $90 per barrel, triggering renewed focus on energy stocks, particularly those closely tied to crude pricing.
Simply Wall St's Global Energy Stocks screener has identified three companies with compelling narratives in this space: Brava Energia (BOVESPA:BRAV3), Baytex Energy (TSX:BTE), and Santos (ASX:STO).
Brava Energia is a Brazilian integrated oil and gas company, generating R$9.8 billion from Exploration and Production and R$5.2 billion from Mid and Downstream operations. The company's production push and hedging strategies may be masking a higher risk profile than investors expect.
Baytex Energy, a mid-sized Canadian oil and gas producer, offers direct exposure to global oil prices through its core positions in light and heavy oil plays in Alberta and Saskatchewan. With Brent above $90 and geopolitical risk pushing up the cost of seaborne barrels, Baytex provides relatively pure crude oil exposure.
Santos is a large Australian energy company with significant LNG exposure into Asian markets. The company's broad access to global hydrocarbon pricing makes it an attractive option for investors seeking scale and diversification.