Here are some oil companies to look at if you want to trade the jump in oil prices

Energy stocks, one of the worst-performing sectors this year, spiked on Monday after an attack on Saudi Arabia’s heart of oil production Saturday sent oil prices soaring.

The S&P Oil & Gas Production ETF jumped nearly 11%, posting its best day of the year, while the S&P energy sector moved out of bear market levels and also scored its best session of 2019.

Exploration & production stocks
The rally in the energy sector is led by small- and mid-cap explorers that are heavily shorted, according to Citi analyst Scott Gruber. These stocks include Extraction Oil & Gas and Whiting Petroleum, which soared 28% and 49% respectively.

Oil explorers are typically a riskier segment in the energy sector given their growing pile of debt. Investors looking to play the boost from higher oil prices should focus on those with limited oil hedges and high percentage of oil production, said Goldman Sachs energy analyst Brian Singer.

Explorers with those characteristics and also rated buy by Goldman include Brigham Minerals, Murphy Oil and Continental Resources, Singer said.

Goldman highlighted Kosmos Energy among drillers as it’s already “well positioned” with a possible asset sale by year-end before the positive impact from higher oil prices, Singer said. Kosmos Energy is up more than 9% Monday.

For oil majors, Goldman expects ConocoPhillips to have the biggest upside from the Saudi oil disruption in light of its underperformance against its peers this year. The stock is up 9% on Monday.

Canadian oil companies will also benefit, Singer added. Canadian Natural Resources may have “disproportionate stock reactions” given its elevated leverage, he noted.

Source: CNBC

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