Do You Own an Awesome Energy Stock?

Copyright © Encana Corporation. All rights reserved.

Despite rough winter weather, it was a pretty good quarter for energy stocks. Some companies, however, really did well. Here are this quarter’s best energy stocks.

Copyright © Encana Corporation. All rights reserved.

Encana Corporation (NYSE: ECA)

Encana’s turnaround is under way.

Copyright © Encana Corporation. All rights reserved.

Drilling down into Encana’s numbers

• Encana reported earnings of $515 million, or $0.70 per share.

• The company beat analysts’ estimates by $0.18 per share.

• Earnings were up 192% year over year.• Liquids production grew 56%, while natural gas

production declined 2% over last year’s first quarter.

Why Encana thrived

• Surging liquids production yielded higher margins.

• However, surging natural gas prices, up 37% over the past year, provided a big boost to Encana’s bottom line.

What’s next for Encana?

• It recently acquired a position in the oil-rich Eagle Ford Shale that will double its current oil production.

• The company now has six core plays filled with high-margin, liquids-rich growth potential.

• Encana’s turnaround looks to be well under way, and the company should continue to thrive.

Halcon Resources (NYSE: HK)

Halcon Resources is firing on all cylinders.

Photo credit: Flickr/Lindsey G

Drilling down into Halcon’s numbers

• Halcon reported earnings of $11.9 million, or $0.03 per share.

• That beat analysts’ estimates by a penny. • Production in North Dakota surged 73% over

last year’s first quarter. • Despite rough winter weather in North Dakota,

production was 3% higher than analysts were expecting.

Why Halcon Resources thrived

• The average 30-day initial production rate of wells drilled in the company’s Fort Berthold area surged 32% compared with wells drilled last quarter.

Photo credit: Flickr/Lindsey G

What’s next for Halcon Resources?

• Halcon Resources, along with Encana, is very high on the Tuscaloosa Marine Shale.

• The oil-rich shale play could become the next oil growth asset for the company.

• Add that to solid growth in the Bakken Shale and Eagle Ford Shale, and Halcon Resources appears well positioned to deliver strong future returns.

EOG Resources (NYSE: EOG)

EOG Resources continues to impress.

Photo credit: Flickr/Roy Luck

Drilling down into EOG’s numbers

• EOG reported adjusted earnings of $767.7 million, or $1.40 per share.

• That beat analysts’ estimates by $0.21 per share.

• Production surged 18% year over year, with oil production exploding 45% higher.

Why EOG Resources thrived

• Surging oil production is delivering best-in-class oil growth.

• Exceptional Eagle Ford Shale wells are driving growth, while the Bakken and Permian Basin are additive to growth.

Photo credit: Flickr/Roy Luck

What’s next for EOG Resources?

• EOG Resources just announced it found four new liquids-rich shale plays in the Rocky Mountains.

• The company now has a 15-year drilling inventory of high-returning future well locations.

• EOG Resources remains among the best positioned oil growth companies in North America.

Bottom line

• Each company offers investors a different opportunity. • EOG Resources is an established producer offering

best-in-class oil-rich growth. • Halcon Resources, on the other hand, offers a lot of

growth but more risk, as it’s still just getting started. • Finally, Encana is in the middle of turning around its

operations by focusing on growing liquids production.

The investment the IRS is daring you to make.