3 Oil And Gas Stocks For Higher Energy Prices On Russia Sanctions

Sanctions are no longer just a headline risk. With the new “Sanctioning Russia and Iran Act of 2026” targeting buyers of Russian oil and gas, global energy flows, trade routes and even currency markets are being rewired in real time. For investors, that means some stocks linked to this story could see fresh attention. This article walks through three such opportunities from our screener and how the same law could reshape their risk and reward.

The stocks highlighted below are just a sample from this sanctions risk theme, and the full screen surfaced 47 more oil and gas producers with equally compelling narratives that are not covered in this article. To go deeper into this opportunity set, analyze and identify potential high-conviction plays directly in the Global Oil & Gas Producers Benefiting from Higher Prices on Sanctions Risk screener.

Diamondback Energy is a pure-play Permian producer that sits squarely in this sanctions-linked theme, with its upstream focus making it highly tied to any shift in global crude pricing as trade frictions ripple through oil markets.

Diamondback Energy is an independent upstream producer focused on unconventional oil and gas in the Permian, generating around US$16.2b from its Upstream business, and carries a market value of roughly US$54.5b.

“Diamondback’s relentless operational efficiency improvements, evidenced by increasing capital efficiency, falling breakeven levels, and production scalability with fewer rigs, position the company to expand net margins and free cash flow, even under conservative oil price assumptions.”

What ultimately matters for investors is how one unresolved pressure on global oil supply shapes those future margins and cash returns.

Those future cash returns hinge on more than headline oil prices, and the full narrative for Diamondback Energy lays out how sanctions risk, capital allocation and basin quality could be quietly reshaping the story.

Tourmaline Oil is a major Canadian producer focused on natural gas and liquids, a clear fit for a sanctions-driven supply theme where upstream exposure and gas pricing matter most for investors watching how new trade barriers reshape energy flows.

Tourmaline Oil acquires, develops and produces petroleum and natural gas across the Western Canadian Sedimentary Basin, generating about CA$4.8b from petroleum and natural gas properties, all in Canada, and carries a market value of roughly CA$23.5b.

“Increasing international demand for lower-carbon energy is creating new export opportunities for Canadian natural gas. Tourmaline’s long-term LNG supply agreement with Uniper and secured firm transportation to the U.S. Gulf Coast will provide direct access to premium global markets and pricing, increasing future revenues and cash flow.”

What investors now have to weigh is how one unresolved shift in cross border gas pricing could feed through into future margins and cash generation.

That pricing question is only the start, and the full narrative for Tourmaline Oil shows how Tourmaline Oil’s LNG optionality, balance sheet and payout plans could be quietly decoupling from headline gas moves.

Gulfport Energy is a U.S. upstream producer focused on natural gas, oil, and NGLs in the Utica and SCOOP plays, generating about US$1.4b from oil and gas exploration and production and carrying a roughly US$2.9b market value, which gives it clear exposure to sanctions-driven price shifts.

For investors focused on sanctions-related supply risk, Gulfport Energy links a concentrated U.S. resource base with meaningful exposure to global pricing cues. This sets up an interesting test of how far this theme can run when access and demand intersect.

“Gulfport’s direct access to premium Gulf Coast markets, exposure to the LNG export corridor, and ongoing negotiations to supply emerging large-scale power projects (driven by AI/data center growth and US/EU LNG infrastructure buildout) position the company to benefit from rising natural gas demand, translating into improved realized prices, cash flows, and long-term revenues.”

What could really move the needle now is how one unseen pressure on future gas-linked demand shapes the pricing Gulfport ultimately secures.

That future demand pressure is exactly what the full narrative for Gulfport Energy unpacks, highlighting where Gulfport Energy’s LNG corridor exposure and power-linked contracts could be quietly accelerating the story.

Curious About High Potential Alternatives

Fresh ideas move first. Breakout themes, momentum building, and quality stocks flying under the radar for now can get caught quickly. Scan these while it matters and get in early.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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