Oil and gas producers really havenât been able to replace... Oil and gas producers really havenât been able to replace...
                                                                                                     [Wealth Daily] Jeff Siegel / Mar 4, 2024 My #1 Oil and Gas Stock Pick for 2024 Iâm still trying to figure out what âwokeâ means. To some, attempting to integrate environmental protections into the daily operations of an oil company, is in fact considered woke. And you know what they say... Go woke, go broke. Only in this case, nothing could be further from the truth. A âGreenâ Oil and Gas Stock With a 9% Dividend To be honest, I always thought that calling a company âwokeâ because it doesnât want to treat the planet like a toilet is, for lack of a better word, stupid. Particularly if that company delivers for shareholders. Such is the case with Civitas Resources (NYSE: CIVI). If youâre unfamiliar, Civitas Resources is a domestic oil and gas producer based in Colorado. Itâs also on track to become the stateâs first carbon-neutral oil and gas producer by the end of this year. The Single Most Important Geological Discovery of Our Generation A tiny mining firm is at the forefront of mining the world's largest lithium deposit... And itâs NOT overseas in some politically unstable nation... Every single ounce of this record-breaking deposit is right here in America. With an estimated value of $1.5 trillion, it's about to launch this $5 stock into the stratosphere... [See the full details here.]( One of the ways it does this is through the reduction of its own emissions by utilizing a suite of best practices that include... - Using grid electricity for drilling, compression and production facilities where feasible
- Retrofitting legacy facilities and pneumatic devices
- Utilizing tankless or closed-loop production facilities
- And plugging inactive or legacy vertical wells Now have these measures negatively impacted the value of the stock at all? Not even a little bit. In fact, the company announced Q4 earnings this week and reported revenue of $1.13 billion. This is a 38.4% increase over the Q4, 2023. The stock popped about 7% on the news. I should also add that Civitas pays a very generous 9% dividend. In terms of a long-term play on domestic oil and gas production, Civitas is no slouch. Particularly when you consider its assets are along the Denver-Julesburg (DJ), Delaware and Midland Basins. These are three of the highest producing, lowest breakeven basins in the United States. Given Civitasâ current balance sheet and assets, I believe itâs in an excellent position to thrive as we continue to see consolidation in the Permian region. And letâs face it: those who pull the puppet strings and hold all the cards wonât allow oil prices to stay at these levels much longer, anyway. Indeed, global oil demand is expected to ease a bit this year behind the backdrop of rising oil supplies that have kept a lid on prices, but in the coming years we will be dealing with undersupply issues. [Exploit Congressâ New Law for Easy Moneyâ¦]( Congressed just passed a brand-new law. Itâs an obscure provision in the Internal Revenue Code⦠Which allows in-the-know Americans to claim $7,882 every quarter â courtesy of the U.S. government. If your retirement nest egg is running on empty, then⦠[Click here to exploit this new law â 100% legal and ethically.]( Truth is, oil and gas producers really havenât been able to replace that which is being produced today. In fact, Occidental Petroleumâs CEO Vicki Hollub recently noted that over the past ten years, the world has replaced less than half of the oil that was produced, saying... All the big fields have been found. So, if you take the 20 largest fields in the world, 97% of the volume from those was discovered before 2000. So we're in a situation now where in a couple years' time, we're going to be very short on supply. I should also point out that while OPEC tried to balance the markets with production cuts, it really didn't amount to much, mostly because of all the production we have here in the U.S. And that tells me theyâre going to cut again. Because despite brushing it off as âploy driven by market speculators,â everyone knows it's far more than that. Point is: long term, oil prices are going to inch back up to $100 a barrel, and I want to make sure you can get in on some of that action. But Iâm not just talking about Civitas. Although that is one of my favorite plays for 2024. Truth is, thereâs actually a handful of oil and gas stocks that are primed for a big run this year. In fact, our in-house oil and gas guru Keith Kohl, just released his [latest investment note on his top oil and gas picks for 2024.]( If youâre unfamiliar, Keith is the guy who helped investors like you land a 450% gain on Gran Tierra Energy (NYSE: GTE), a 540% on DiamondBack Energy (NASDAQ: FANG), and a 1,378% on Valero Energy (NYSE: VLO). When it comes to picking winners in the oil and gas space, no one does it better than Keith. And if you donât believe it, just [look at his track record for yourself.]( Bottom line: Oil prices are going to creep back up to $100/barrel again. And if you want to wet your beak on that action, I highly recommend you [check out Keithâs top oil and gas picks here.]( To a new way of life and a new generation of wealth... [Jeff Siegel Signature] Jeff Siegel [[follow basic]Check us out on YouTube!]( [[follow basic]@JeffSiegel on Twitter]( Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor's [page](. [Feedback? get in touch](mailto:/newsletter@wealthdaily.com?subject=Wealth%20Daily%20feedback) [Read this email online]( [Manage Newsletters]( [Share on Twitter]( You signed up for our newsletter with the email {EMAIL}.
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