"I suspect that as long as the dollar continues its slide our focus on commodities and resource stocks focusing will prove rewarding," says Jack Adamo.

The editor of Insiders Plus explains, "For our latest buy recommendation we'll revisit an old favorite of ours. Over the years we've held 4 positions in ConocoPhillips (COP) and they've gained an average of about 32% for us.

"Schlumberger Limited (SLB) is the world's leading oil services company, assisting in exploration, production and most other oil services; its operations include being a leader in applying proprietary technologies to extract hard-to-extract oil and gas," says Michael Shulman.

The editor of The Short-Side Trader suggests, "Let's ask ourselves the following question: Over the next year is the there going to be more, less or an equal demand for oil? The answer is clearly more demand.

"Another question: Over the next year is there going to be more, less or an equal supply of oil?

"Seadrill (SDRL) carries with it a unique opportunity for income investors seeking a pure play in deep water drilling outside of the post-BP spill in the Gulf of Mexico," says growth and income specialist Bryan Perry.

The editor of The Cash Machine explains, "The company was formed in 2005 and owns the most state-of-the-art drilling equipment in the entire industry that commands premium day rates.

"ConocoPhillips (COP) is not only my favorite integrated oil company, it is also on the short-list of my favorite stocks, period," says Nathan Slaughter.

The editor of Street Authority Market Advisor explains, "The company is raking in cash; the integrated oil giant pocketed $2.0 billion in net profits last quarter on $53.2 billion in revenues.

"For all of 2010, earnings soared nearly 160% to $11.4 billion. That percentage gets cut in half when you exclude one-time gains and charges. Still, it's a good time to be a shareholder.

Chevron (CVX) is one of the largest energy companies in the world and engages in several businesses like exploration and production of oil and natural gas, refining, transportation, trading and chemicals. The company competes with other established oil producers like Exxon Mobil (XOM), ConocoPhillips (COP), BP (BP) and Anadarko (APC). Our price estimate at Trefis for Chevron stands at $102, which is about 5% ahead of the market price.

"On our proprietary Quadrix® rating system, ExxonMobil (XOM) has steadily advanced over the past year," says Richard Moroney.

The editor of Dow Theory Forecasts explains, "Out of a possible 100, the oil giant earns an Overall score of 96 -- compared to just 51 in January 2010. As such, we rate the stock a long-term buy.

"Meanwhile, the shares recently rallied to their highest level since January 2009 after Exxon said it earned $1.85 excluding special items in the December quarter, up 46% and $0.22 above the consensus estimate.

"Oil had a good year in 2010, rising 15 percent, and 2011 looks to be even better, as a stronger global economy pushes demand for resources higher," says Stephen Leeb.

The editor of The Complete Investor explains, "Oil service and equipment companies are the most leveraged way to play rising oil prices. Here's a look a Schlumberger (SLB) and National Oilwell Varco (NOV).

"First is Schlumberger, operating in more than 80 countries. The company is the world's leading supplier of energy technology, project management, and information solutions.

"Our advice to buy Brazil as well as our advice to buy energy stocks have rewarded those who heeded them over the last few years; given this, it stands to reason, then, that investing in Brazilian energy is eminently sensible," says Jack Adamo.

The editor of Insiders Plus explains, "Our latest buy recommendation is Petroleo Brasileiro (PBR) -- or Petrobras for short.

"The reason for buying Brazil is clear: It is one of the fastest growing countries in the world and among the best of that group in terms of rule of law and honest financial markets.

Oil giant Exxon Mobil (XOM) is trading up nicely today after the company reported better than expected fourth quarter earnings this morning.

Before the market opened this morning, Exxon reported that it earned $1.85 for its fourth quarter, shattering analyst estimates for $1.63 per share.

"Nowhere is the supply and demand balance as tight as it is with oil; with the somewhat stronger economy here and abroad, the oil gap is closing again," says Jim Powell.

The editor of Global Changes & Opportunities explains, "I think the best way to benefit from rising oil prices is to buy Exxon Mobil (XOM), the world's largest, and one of its most reliable, energy investments.

"I think the price will reach the psychologically important $100 mark by this summer, and maybe a lot sooner.

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.

"Even among great companies, one year's leader is often the next's laggard and vice versa; MDU Resources (MDU) is one under-performer that looks increasingly likely to get it's legs back in 2011," says utility stock specialist Roger Conrad.

The editor of The Utility Forecaster explains, "The company is best thought of as a financially conservative resource company, whose cash flows are anchored by solid regulated energy assets.

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.

"Back in the days when Colombia was a political and military battleground, and leftist rebels regularly bombed the oil pipelines, investing in Colombian oil was only for people prepared to take enormous risks," says Frida Ghitis.

The contributing editor to Global Investing explains, "Now the landscape has changed considerably. Indeed our top stock idea for 2011 is now Columbian oil firm Ecopetrol (EC).

The list of stocks has been whittled down to four. Chevron Corporation (CVX) made the cut to become the oil company stock. Three defense sector powerhouses are competing for one spot in Chasing Value: 2011 Stock Picks -- The Journey Begin.

Today we take a more comprehensive view returning to earlier metrics, and adding some other criteria in order to reach a conclusion. This series began with the contention that making specific predictions was a fools errand with the danger to your portfolio coming from "black swans". To try and add some general counter measures to this possibility I decided that the defense and oil sectors might provide protection against the greatest of threats, war and terrorism. On that basis I posted Chasing Value: You Must Own Defense and Oil for Safety.