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3 Top Energy Stocks to Buy in October


With October now underway, there isn't one single way to play the energy sector, but that's not new. There have always been different tactics for investing in this volatile niche of Wall Street. The question is, which tactic is right for you?

Here are three of the top energy stocks to consider as you try to answer that query: Devon Energy (NYSE: DVN), (NYSE: CVX), and Enbridge (NYSE: ENB). Let's see what makes them potential investments this month.

Devon Energy operates exclusively in the upstream segment of the energy sector. That means that it produces oil and natural gas. There are very big implications in this focus, the most notable being that Devon's top and bottom lines are almost entirely dependent on the price of the commodities it sells. Don't underestimate how much effect this can have on the company's stock price, financial performance, and dividend. Oil and natural gas are known for their dramatic, and often swift, price swings.

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Source Fool.com

Chevron Corp. Stock

€137.34
-0.470%
Chevron Corp. shows a slight decrease today, losing -€0.640 (-0.470%) compared to yesterday.
The stock is an absolute favorite of our community with 28 Buy predictions and no Sell predictions.
As a result the target price of 169 € shows a positive potential of 23.05% compared to the current price of 137.34 € for Chevron Corp..
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CVX
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