Chad Mabry from MLV Energy spoke on CNBC's "Markets Now" about the energy stocks he would buy.
He thinks that crude oil is going to bottom in the first quarter of 2015 and when that happens the biggest beneficiaries are going to be mid- and small-cap stocks. Among them, two of his top picks are Carrizo Oil & Gas, Inc. (NASDAQ: CRZO) and PDC Energy Inc (NASDAQ: PDCE). Mabry would start buying these stocks now.
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Carrizo Oil & Gas has some of the best assets in the U.S., its operations are economic at $50 per barrel and that is without pricing in the falling cost structure, said Mabry. He added that the management team has already been through negative cycles.
PDC Energy's production is also economic at $50. It has strong balance sheet and a very strong hedge protection into 2016.
Mabry also likes Sanchez Energy Corp (NYSE: SN) and believes that it should benefit from the government ruling to allow the exports of ultra light oil known as "processed condensate."
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.