The major beneficiaries of ongoing unrest in the Middle East will include companies that have lots of oil reserves, which certainly includes Brazil's Petrobras (PBR)," notes Paul Goodwin.

The editor of Cabot China & Emerging Markets Report explains, "The company is the third largest oil and natural gas company in the world, with proven oil reserves of 14.2 billion barrels. That's an 11% year-over-year gain in reserves, the largest increase in eight years.

"If you add in probable and possible reserves, the number rises to nearly 28.5 billion barrels. Proven natural gas reserves also took a big jump in 2010, rising more than 15% to 423 billion cubic meters.

This post is one in a series in which more than 60 newsletter advisors share their Top Stock Picks for 2011. This special report is courtesy of TheStockAdvisors.com.

"In my view, Seadrill (SDRL) is the best-placed contract driller in my coverage universe," says Elliot Gue.

The editor of The Energy Strategist explains, "The company doesn't produce or explore for oil and natural gas; rather, it is in the business of owning drilling rigs that are leased out to major producers for a daily fee known as a day rate.

"Big Oils are a classic value investment proposition at current prices; now is the time to go shopping," says energy sector specialist Elliott Gue.

The editor of The Energy Strategist explains, "And Chevron (CVX) is the only Big Oil name that's likely to grow production significantly in coming years thanks to a long list of projects underway.

"Investors often regard Big Oils as mysterious profit-generators because of all their moving parts, but they're fairly simple companies.

This post is part of a special report, Top Picks for 2010, the 27th annual survey in which TheStockAdvisors.com asks the nation's leading advisors for their single favorite stock for the new year. See all 80 stocks listed here.

"Oil recently suffered a pullback, but we think it's temporary," says Brandon Clay, who turns to the oil sector for his top pick for 2010.

The editor of Invest with an Edge suggests, "One stock that should pull out of congestion when energy moves again in 2010 is Oceaneering International (OII), a company involved in deep-water drilling services.

"Midyear is as good a time as any to pause and reflect," says Richard Moroney in Dow Theory Forecasts -- a newsletter with the distinction of having been published for more than 50 years.

Here, he reviews the state of the market and offers a look at trio of favorite stocks which he considers "fundamentally superior" companies: Biogen Idec (NASDAQ: BIIB), Comcast (NASDAQ: CMCSA), and Oceaneering International (NYSE: OII).