Best Energy Stocks To Buy in 2012

nergy stocks are the main beneficiary of rising oil prices. Their stock prices have been in an uptrend and this has been forcing short sellers to cover. We compiled the list of energy companies that are targeted by short sellers, but have been seeing a decline in short interest.
The companies in this list have at least 1% open interest and a minimum 8% decline in short interest over the past month. These stocks also have at least $1 Billion in market cap.
Best Energy Stocks To Buy:
Company Ticker Short Interest (%) Decline in Short Interest Market Cap
OCEANEERING INTERNATIONAL
(OII) 3.7 -23.6% $4.7B
SWIFT ENERGY CO (SFY) 6.8 -20.9% $1.8B
S M ENERGY CO (SM) 4.6 -18.1% $4.6B
STONE ENERGY CORP (SGY) 7.0 -17.4% $1.4B
PRIDE INTERNATIONAL INC DEL (PDE) 1.3 -17.3% $7.6B
PATTERSON U T I ENERGY INC (PTEN) 7.6 -16.1% $4.3B
NATIONAL OILWELL VARCO INC (NOV) 1.6 -15.7% $33.4B
FOREST OIL CORP (FST) 5.2 -15.6% $4.1B
FRONTIER OIL CORP (FTO) 6.4 -15.1% $2.9B
HOLLY CORP (HOC) 6.1 -14.6% $3.1B
E Q T CORP (EQT) 3.1 -14.0% $7.1B
ARCH COAL INC (ACI) 5.8 -13.5% $5.5B
HESS CORP (HES) 1.0 -13.3% $27.7B
BERRY PETROLEUM CO (BRY) 8.9 -12.6% $2.5B
PATRIOT COAL CORP (PCX) 8.4 -12.6% $2.2B
PLAINS EXPLORATION & PROD CO (PXP) 4.5 -11.9% $5.0B
SOUTHERN UNION CO NEW (SUG) 1.1 -10.9% $3.6B
MCMORAN EXPLORATION CO (MMR) 6.5 -10.6% $2.7B
ATLAS PIPELINE HOLDINGS L P (AHD) 7.8 -9.5% $1.1B
MASSEY ENERGY CO (MEE) 9.7 -9.4% $6.5B
OASIS PETROLEUM INC (OAS) 4.6 -8.8% $2.8B
CHEVRON CORP NEW (CVX) 1.1 -8.6% $211.2B
RESOLUTE ENERGY CORP (REN) 11.4 -8.6% $1.0B
PENN VIRGINIA RESOURCE PTNRS L P (PVR) 3.1 -8.3% $1.5B
WEATHERFORD INTL LTD NEW (WFT) 3.6 -8.1% $15.5B
The Best Energy Stocks To Buy in this list, Oceaneering International, is one of the largest holdings in Ken Fisher’s portfolio. T. Boone Pickens and Jim Simons are also bullish about OII. Boone Pickens also has MMR, PXP, WFT, and NOV in his portfolio. George Soros, Jim Simons, and Steve Cohen are among the hedge fund managers with Swift Energy holdings, which saw more than 20% decline in short interest over the past month.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Best Stocks to buy 2012 Labels