Stocks BLOW-ing Up

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$AGYP on the watch list

Stocks to Watch As Global Energy Prices Soar


Limited supply in the global energy markets is lifting already bullish oil prices.

Despite closing in the red Tuesday, Brent crude, the global oil benchmark, is near its highest level in three years and traded above $80 a barrel early in the day. It closed down 0.6% at $79.09 but is still up more than 50% in 2021.

U.S. crude ended the day down 0.2% to $75.29 but has also rallied recently.

Oil’s recent gains are in lockstep with a broader rally in energy markets. Natural Gas is another commodity in the energy markets experiencing a rally as depleted inventories coupled with an economic resurgence in Asia and Europe have sparked a competition for these valuable resources.

Some Natural Gas stocks to watch that may benefit from this action include: CNX Resources (NYSE: CNX), Antero Resources (NYSE:AR), Range Resources (NYSE:RRC), EQT Corporation (NYSE:EQT); Southwestern Energy (NYSE: SWN), and Comstock Resources (NYSE:CRK).

When it comes to oil stocks to watch in conjunction with the recent rally, we are focusing on upstream plays with small to nano market capitalization structures, because we believe they will benefit most from the commodity’s price appreciation. Some small-cap upstream oil stocks we like include; Torchlight Energy Resources (NASDAQ:TRCH), Ring Energy Inc. (NYSE:REI), and Allied Energy Corp (OTCMKTS:AGYP).

Oilfield services have recently hit a bottom making this an ideal time to look at some players in the sector including: Oil States International Inc. (NYSE:OIS), Schlumberger (NYSE:SLB), Halliburton (NYSE:HAL), Baker Hughes (NYSE:BHGE), and National Oilwell Varco (NYSE:NOV).

Put these energy stocks on your radar to benefit from the recent price action.



https://topnewsguide.com/2021/09/29/stocks-to-watch-as-global-energy-prices-soar/