Energy Stocks: 2 to Buy and 1 to Avoid in July
Crude oil prices have largely been above $100 per barrel for around four months now. Compare that to the low prices of two years ago, when they temporarily fell into actual negative territory. This is just one case that highlights the highly volatile nature of oil prices.
Yet if you have a long-term investment horizon and select your stocks judiciously, you could do very well with your energy investments. Let's look at two energy stocks to buy and one to avoid this month.
The performance of oil and gas companies (and, in turn, their stock prices) is largely tied to oil prices. As such, prices of energy stocks tend to be volatile. Consider the wild swings in the shares of two natural gas providers, Williams Companies (NYSE: WMB) and ONEOK (NYSE: OKE).
Source Fool.com