Don't Expect Oil Prices to Drop Until 2027. Here Are 2 Stocks to Buy for This Exact Scenario.
Key takeaways
- DVN FANG XOM CL=F NG=F Darren Woods is the CEO of Exxon Mobil (NYSE: XOM), one of the world s largest energy companies.
- The first reason to buy Devon and Diamondback if you expect oil prices to remain elevated, or even rise further, is that they are upstream-focused businesses.
- Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need.
DVN FANG XOM CL=F NG=F Darren Woods is the CEO of Exxon Mobil (NYSE: XOM), one of the world s largest energy companies. When he talks, investors listen. Right now, Woods is warning that the market isn t fully recognizing the supply disruption from the geopolitical conflict in the Middle East. And even after the conflict ends, it could take a very long time for energy markets to get back to normal. If you think energy prices will remain elevated until 2027, you may want to buy Devon Energy (NYSE: DVN) and Diamondback Energy (NASDAQ: FANG). Here s why.
The first reason to buy Devon and Diamondback if you expect oil prices to remain elevated, or even rise further, is that they are upstream-focused businesses. That means that they are focused on producing oil and natural gas. High energy prices are a huge benefit to their top- and bottom-lines.
Will AI create the world s first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »