Oil Price Spikes Push US Energy Stocks to the Forefront

The usual playbook for stocks is under pressure due to rising US government debt and Treasury yields at 19-year highs, combined with energy prices pushed up by the Iran war. The US Oil & Gas Producers and Energy Infrastructure universe has been affected by these cross currents.

Three companies that are exposed to these pressures are Ovintiv (OVV), Magnolia Oil & Gas (MGY), and Select Water Solutions (WTTR). These stocks have been identified through a screener focused on sizable E&P operators tied to energy prices, balance sheet health, and value.

Ovintiv is a large North American oil and natural gas exploration and production company with assets across the Permian and Anadarko in the US. The stock has a market cap of roughly $18.4 billion, putting it firmly in the mid to large-cap bracket. Ovintiv puts investors right at the point where war-driven oil and gas price spikes feed into company cash flows.

Magnolia Oil & Gas is a US independent producer that acquires, develops, and produces oil, gas, and NGLs from the Eagle Ford Shale and Austin Chalk in South Texas. The stock has a market cap of about $6.7 billion, placing it in the mid-cap bracket of the US energy sector.

Select Water Solutions gives investors a way to play the US Oil & Gas Producers and Energy Infrastructure theme through water systems that keep drilling and completions running. The company runs three segments: Water Services, Water Infrastructure, and Chemical Technologies.