Oil Prices Slump Below Triple Digits: 3 Stocks You Should Watch
The Strait of Hormuz remains constrained, while talks with Iran inch forward and oil prices slip below triple digits. This mix of fear and relief creates winners and losers among global Oil & Gas Producers.
Three stocks caught our attention: Texas Pacific Land (TPL), Medco Energi Internasional (MEDC), and Vista Energy. de (VISTA A).
Texas Pacific Land earns royalties from its extensive Permian Basin acreage, directly tied to upstream oil activity. In the US, it generated $553 million in land and resource management revenue and $344 million in water services and operations revenue.
MEDC is an Indonesia-based oil and gas explorer and producer with additional power, mining, and services operations. It generates $1.95 billion from exploration and production, with additional revenue from trading, power, and services across Asia, Indonesia, Africa, and the Middle East.
Vista Energy. de is a Latin American explorer and producer focused on developing oil and gas fields in Argentina's Vaca Muerta shale. It generates $3.5 billion in revenue from exploration and production of crude oil, natural gas, and LPG.