Oil Stocks Surge as Prices Hit $100, Tight Supply Chains Create Opportunities

Oil prices above $100 have pushed energy security back into focus, and investors are weighing who might benefit from tighter supply chains and higher costs. The Global Energy and Oil Producers screener has surfaced 41 stocks exposed to these headlines, but this article will highlight three that may merit a closer look: DNO (OB:DNO), Northern Oil and Gas (NYSE:NOG), and BlueNord (OB:BNOR).

DNO is an Oslo-based oil and gas producer focused on upstream exploration and production in the Middle East and North Sea. The company operates major fields in Kurdistan and holds a large portfolio of offshore licenses in Norway and the wider North Sea. DNO generates essentially all its $2.4 billion in revenue from oil and gas activities, with around $2.3 billion coming from the North Sea and about $140 million from Kurdistan.

Northern Oil and Gas is an independent US exploration and production company that acquires and develops oil and natural gas wells. The company relies on a non-operated model to participate in multiple US basins through minority interests in producing assets rather than running the wells itself. Northern Oil and Gas generates about $2.0 billion in revenue from oil and gas exploration and production, all from within the United States.

BlueNord is an Oslo-based oil and gas producer that develops and operates fields such as the Dan, Halfdan, Gorm, and Tyra hubs on the Danish continental shelf. The company focuses on producing hydrocarbons while investing in infrastructure to support reliable supply as governments and industries work towards net zero goals.