Avoid These 2 Oil Stocks Like the Plague Even After Their Monster Moves This Week

Avoid These 2 Oil Stocks Like the Plague Even After Their Monster Moves This Week

Shares of SandRidge Energy (NYSE: SD) and EP Energy (NYSE: EPE) made headlines this week for very different reasons. SandRidge was up more than 13% after two leading shareholders spoke out against its deal to buy rival Bonanza Creek Energy (NYSE: BCEI). Meanwhile, EP Energy slumped more than 23% after offering to exchange some of its existing debt with new borrowings to push out the maturity date.

While those dramatic moves certainly make investors stop and take notice, the news fueling them didn't alter their prospects. That's why investors should continue to avoid these oil stocks in favor of better alternatives.

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Source: Fool.com