2 Top Oil Stocks to Buy For The Long Term
The current market volatility offers attractive opportunities for bargain hunters. While the short-term outlook for businesses looks uncertain due to the COVID-19 pandemic, things will likely become normal in the long term. In such a scenario, it is best to focus on fundamentally strong companies with solid balance sheets and proven track records to deliver in uncertain times. Such companies should survive the near-term challenges and provide handsome returns in the long term.
Of all the market sectors, the energy sector is probably the worst hit. Excess supply combined with a weak demand sent oil prices to their lowest levels in 18 years. While the near-term outlook for the sector looks bleak, there are stocks available at attractive prices for those who can wait for the markets to turn favorable. Two such stocks are Chevron (NYSE: CVX) and TC Energy (NYSE: TRP).
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Source Fool.com
