7 Best Energy Stocks to Buy Now
Well, it’s been a rather incredible year for energy stocks. That’s perhaps putting it lightly. Indeed, through the end of May, the energy sector was the only SP 500 sector claiming significant gains. Most were either sideways or down, as the market battled a series of strong headwinds, many of which continue to proliferate today. Surging inflation has led to high input prices. Many commodities saw short-term surges that were unfathomable during the depths of the pandemic. Among the largest gainers were energy-related commodities – bad for most companies, but good for energy producers. Interestingly, the pandemic forced oil prices into negative territory for the first time ever, forcing energy producers to cut back on spending and incorporate significant capital discipline. The deleveraging of balance sheets that took place, and the focus on high-quality projects, led to very profitable organizations in this rising oil price environment. 5 Electric Vehicle Stocks to Buy on the Dip Accordingly, there are plenty of highly-profitable options to consider in the energy patch today.
7 Best Energy Stocks to Buy Now
Well, it’s been a rather incredible year for energy stocks. That’s perhaps putting it lightly. Indeed, through the end of May, the energy sector was the only SP 500 sector claiming significant gains. Most were either sideways or down, as the market battled a series of strong headwinds, many of which continue to proliferate today. Surging inflation has led to high input prices. Many commodities saw short-term surges that were unfathomable during the depths of the pandemic. Among the largest gainers were energy-related commodities – bad for most companies, but good for energy producers. Interestingly, the pandemic forced oil prices into negative territory for the first time ever, forcing energy producers to cut back on spending and incorporate significant capital discipline. The deleveraging of balance sheets that took place, and the focus on high-quality projects, led to very profitable organizations in this rising oil price environment. 5 Electric Vehicle Stocks to Buy on the Dip Accordingly, there are plenty of highly-profitable options to consider in the energy patch today.