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3 Top Oil Stocks to Buy in December

TheMotleyFool

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Oil prices have bounced around quite a bit over the past year. While crude has come off its recent high in the low $80s, it's still over $70 a barrel. That puts it up almost 50% this year, well above what oil companies expected.

Oil stocks are generating a gusher of cash. While some are using that money to drill more wells or pay off debt, many producers are returning their growing windfall to shareholders. Three of the leaders in returning cash to shareholders are ConocoPhillips (NYSE: COP), Devon Energy (NYSE: DVN), and Pioneer Natural Resources (NYSE: PXD). That makes them great oil stocks to buy in December to cash in on the likelihood of higher oil prices over the next year.

Image source: Getty Images.

Source Fool.com

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