3 Oil Stocks I'd Buy Right Now
Oil prices have been stubbornly weak all year. We can blame that on shale producers since the industry has hit the accelerator on drilling activities this year causing an output surge. While growing shale production could keep a lid on crude prices, there's reason to be optimistic that oil could rise both in the short and long-term.
That said, even if crude prices don't rebound, Suncor Energy (NYSE: SU), Concho Resources (NYSE: CXO), and Hess (NYSE: HES) should thrive in the future. Here's why I'd buy any one of these oil stocks right now.
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Source: Fool.com
Exxon Mobil Corp. Stock
€104.72
-1.540%
The stock is an absolute favorite of our community with 37 Buy predictions and no Sell predictions.
With a target price of 126 € there is a positive potential of 20.32% for Exxon Mobil Corp. compared to the current price of 104.72 €.
