OPEC on September 14, 2015, predicted higher demand for crude oil next year. The global energy cartel said it expects demand for its product to average 30.31 million barrels per day (bpd), up 190,000 bpd from last month, despite a weak economic outlook from Latin America and China. OPEC also anticipates oil supply from non-member countries to increase by just 160,000 bpd next year, a sharp slowdown from growth of 880,000 bpd in 2015. Under this scenario, the stocks on our list could benefit greatly.
Enerplus Corp. (TSX: ERF) – $7.23
Oil & Gas Exploration and Production
Enerplus Corporation is a Canada-based energy producer. Its capital program is focused on the development of its crude oil and natural gas core areas of operation, which includes its North Dakota and Montana crude oil assets in the Williston Basin, and its natural gas interests in northeast Pennsylvania. The Company’s properties consist of approximately 42% crude oil and natural gas liquids (NGLs) and 58% natural gas properties.
- Market Cap: $1,504,100,889
- Revenue (LTM, CAD): $1,160,219,000
- Debt (LFQ, CAD): $1,121,682,000
- EBITDA (LTM, CAD): $1,002,000
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Baytex Energy Corp. (TSX: BTE) – $5.76
Oil & Gas Exploration and Production
Baytex Energy Corp. (Baytex), through its subsidiaries, is engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (primarily in the provinces of Alberta and Saskatchewan) and in the United States (primarily in the state of Texas). The Company’s crude oil and natural gas operations are organized into three business units: Central; Lloydminster; and United States. Each business unit has a portfolio of mineral leases, operated and non-operated properties and development prospects.
- Market Cap: $1,257,742,417
- Revenue (LTM, CAD): $1,351,300,000
- Debt (LFQ, CAD): $1,660,704,000
- EBITDA (LTM, CAD): $274,000
Eclipse Resources Corp. (NYSE: ECR) – $3.02
Oil & Gas Exploration and Production
Eclipse Resources Corporation (Eclipse) is an independent exploration and production company engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. It has assembled an acreage position approximating 221,700 net acres in Eastern Ohio. Approximately 100,700 of its net acres are located in the Utica Shale fairway, which it refers to as the Utica Core Area, and approximately 27,250 of these net acres are also prospective for the area of the Marcellus Shale in Eastern Ohio within what it refers to as its Marcellus Project Area.
- Market Cap: $891,681,615
- Revenue (LTM, CAD): $247,074,670
- Debt (LFQ, CAD): $537,106,755
- EBITDA (LTM, CAD): $321,795,640
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JetBlue Airways Corp. (NASDAQ: JBLU) – $26.58
Airlines
JetBlue Airways Corporation is a passenger carrier company that provides air transportation services across the United States, Caribbean and Latin America. The Company served approximately 87 BlueCities in 27 states, the District of Columbia, the Commonwealth of Puerto Rico, the United States Virgin Islands, and 17 countries in the Caribbean and Latin America.
- Market Cap: $8,380,361,431
- MTD Price Change: 19.3%
- Revenue (LTM): $6,110,000,000
- Cash and Short Term Investments (LFQ): $915,000,000
Fitbit Inc. (NYSE: FIT) – $37.45
Communications & Networking
Fitbit, Inc. (Fitbit) is a provider of health and fitness products. The Company’s Fitbit platform combines connected health and fitness devices with software and services, including an online dashboard and mobile applications, data analytics, motivational and social tools, personalized insights, and virtual coaching through fitness plans and interactive workouts. It offers a number of fitness products, including Fitbit Zip, Fitbit One, Fitbit Flex, Fitbit Charge, Fitbit Charge HR, Fitbit Surge and Aria. Its wrist-based and clippable devices automatically track users’ daily steps, calories burned, distance traveled, floors climbed, and active minutes and display real-time feedback to encourage them to become more active in their daily lives.
- Market Cap: $8,091,071,051
- MTD Price Change: 13.4%
- Revenue (LTM): $0
- Cash and Short Term Investments (LFQ): $461,276,000
