3 Top Oil Stocks to Buy Right Now
The best time to buy a stock is often when no one else wants to. Energy stocks fall into that unloved category right now -- oil prices are getting hit by a supply/demand imbalance, the push for ESG investing, and concerns about a global slowdown tied to the coronavirus.
If you can stomach going against the grain, you might want to take a closer look at the pros and cons of oil. And then we can drill into three of the biggest oil companies on planet Earth, each of which looks attractive today.
There's a host of reasons why you might not want to buy oil stocks today, but what about reasons to buy them? For example, oil and natural gas prices are low because of a supply/demand imbalance. These are commodities, so this situation isn't actually uncommon. Over time, low prices usually push weaker players out of the energy market and lead larger players to pull back on supply. That should, eventually, even out supply and demand.
Source Fool.com
