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Stock Strategist

Home-Grown Oil Stock Picks

Oil prospects are right in our own backyard in the U.S. and Canada.

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Amid sky-high oil prices, some innovative oil producers have found ways to produce more oil back home in the United States and Canada. While major oil companies are scrambling across the globe through politically tough waters to develop foreign oil fields, these home-grown oil producers are using new recovery methods and plain hard work to boost much-needed domestic oil production.

Higher oil prices may have opened the door to pay for new, costlier oil-recovery methods, but firms such as  Denbury Resources (DNR),  Whiting Petroleum (WLL),  Canadian Natural Resources (CNQ),  Devon Energy (DVN),  Hess (HES),  EOG Resources (EOG), and  Encore Acquisition (EAC) have gone the extra mile to develop long-term oil production projects. 

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Catharina Milostan does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.