Three Energy Stocks to Watch as Brent Crude Nears $100
Geopolitical tensions in the Middle East, particularly around Yemen and the Bab el Mandeb chokepoint, have once again pushed oil into the spotlight. With Brent crude nearing $100 per barrel and supply risks escalating, several energy stocks are poised for potential gains or increased risks. This article highlights three stocks identified through a screener that could benefit from the current market dynamics, though the full list includes nine more with compelling narratives.
BW Energy (OB:BWE) is a pure offshore explorer and producer heavily tied to Brent prices. All of its reported revenue, totaling US$817.9 million, comes from crude oil sales. A recent 25-year extension of the Dussafu Marin production license in Gabon, shifting its expiry from 2028 to 2053, is a significant move. However, the full narrative for BW Energy explores whether this extension masks risks or accelerates upside potential.
Greenfire Resources (GFR) is an upstream oil sands producer in Alberta, Canada, with approximately CA$581 million in revenue. The company's market cap stands around US$1.4 billion, reflecting a turnaround story. Investors are watching how benchmark prices interact with the company's balance sheet, which is being reshaped by debt paydown and earlier equity raises.
Prio (BOVESPA:PRIO3) offers direct exposure to higher crude prices through its offshore Brazilian fields. The company generated about R$21.4 billion from oil and gas exploration and production. A ramp-up of production at the Wahoo field, supported by a recently obtained installation license, is expected to add significant new output in 2026 and 2027, potentially increasing revenues and operating leverage.