And it’s giving oil producers the means to generate a lot of cash flow they can use to repay debt, drill more wells and, what we’re all probably here for… return money to shareholders via dividends and stock buybacks.
So in today’s video, I want to give my readers the most promising oil and gas stocks to trade as prices hit key benchmarks.
2 Oil and Gas Stocks to Trade for Big Gains
Before we jump feet first into the two oil and gas stocks to trade I want to show you, there’s something you need to understand…
This is all happening because the economy is burning off excess supply as demand attempts to recover from the COVID-19 pandemic.
In fact, the Organization of the Petroleum Exporting Countries (OPEC) said earlier this month that it would continue its current pace of returning output to the market. This should help offset near-term headwinds, like the outbreak in India… the world’s third-largest oil market.
So with OPEC bringing supplies back slowly, oil stocks could have more upside ahead as they cash in on higher prices.