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7 Best Energy Stocks to Ride Out Oil's Recovery

From kiplinger.com

When it comes to energy stocks, "safety" is in the eye of the beholder. The world faces a massive supply glut as the coronavirus pandemic has simply removed much of the world's demand for oil. Energy has become so depressed that, a few weeks ago, the unthinkable happened: crude futures went negative. This means producers were paying contract holders to take crude off their hands. The energy market has normalized since then, and oil has moved higher, but we're still looking at low average prices not seen since the Clinton administration. Prices are still well below breakeven costs for most energy stocks, even some ... (full story)

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  • Category: Fundamental Analysis