My Top Oil Stock to Buy Right Now

The oil industry has an awful track record of creating shareholder value over the past decade. While oil-price volatility is one culprit, capital allocation has been another major factor contributing to the sector's poor performance. Oil companies have a history of chasing growth by investing in drilling as many wells as possible. On top of that, they typically repurchase shares during boom times (when stock prices are higher) and pull back during downturns (when prices are lower).

That's leading some oil companies to shift their capital allocation strategies. One of the producers at the forefront of this change is Pioneer Natural Resources (NYSE: PXD). That's one of the reasons that it tops my list of oil stocks worthy of an investor's consideration right now.

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Source Fool.com