What’s on offer in the Australian energy sector? We tapped the databanks at our data provider to take a look at the top stocks by market cap. The entire sector sports a cumulative market cap of AU$117 billion, which is just 6.6% of the total market cap of the ASX/200. By comparison, energy sector stocks make up 11.6% of the S&P 500 (financials have the largest weighting at 20%, IT at 16%, followed by energy, then Industrials at 11.5%, and Healthcare at 11.4%).
In the Australian energy sector, the top ten stocks make up over 78% of the sector. You can see them below. There are some obvious energy blue chips in that list. And even if the sector doesn’t earn a larger weighting, the potential for earnings growth is evident.
Mcap of Sector – $117.71 billion
|Stock Code||Stock Name||Price||MCAP($M)||MCap of stock as % of Sector|
|WPL||WOODSIDE PETROLEUM LIMITED||$52.61||36,213.1||30.8|
|ORG||ORIGIN ENERGY LIMITED||$9.92||8,677.9||7.4|
|CNA||COAL & ALLIED INDUSTRIES LIMITED||$82.00||7,100.0||6.0|
|CTX||CALTEX AUSTRALIA LIMITED||$23.78||6,420.6||5.5|
|OSH||OIL SEARCH LIMITED||$4.30||4,813.8||4.1|
|PDN||PALADIN RESOURCES LIMITED||$6.98||4,206.8||3.6|
|ERA||ENERGY RESOURCES OF AUSTRALIA LIMITED||$18.54||3,536.3||3.0|
|NHC||NEW HOPE CORPORATION LIMITED||$2.47||1,996.7||1.7|
The Daily Reckoning Australia