Quantcast
3 Top Energy Stocks to Buy in February

3 Top Energy Stocks to Buy in February

Posted On February 17, 2020 10:41 am
By:

As easy as it sounds, it is quite difficult to follow the ‘buy low, sell high’ idea. It’s tough to go against the collective wisdom of investors who don’t like a sector or stock. This is the case with energy stocks currently, which are down now for more than a couple of years. The sustained weakness in energy stock prices has understandably frustrated even the most optimistic investors.

However, as oil and gas supply and demand come in sync, companies deliver consistently in the new environment, and the sector comes out of the current price cycle, investors’ interest in the sector should rise. Admittedly, this isn’t happening soon. On the contrary, the effects of coronavirus and warmer weather are expected to negatively impact oil demand in the first quarter of 2020. Not good news for oil companies, which already posted dismal fourth-quarter performance. The negative near-term outlook has pressured energy stocks further, making them more attractive. Savvy investors who recognize this opportunity should eventually be rewarded.

In such a scenario, it is important to… Continue reading at The Motley Fool

Tagged with:

About author

Related Articles

Leave a reply

Your email address will not be published. Required fields are marked *