Think It Is Too Late To Buy Oil Stocks? These 5 Stocks Still Look Appealing
With crude oil prices zooming past $125 per barrel, most oil and gas stocks have also risen substantially. The S&P Energy Select Sector Index is up nearly 39% so far this year. But that doesn't mean that there are no bargain opportunities left in the segment. Here are five stocks that still look attractive buys.
Canadian energy giant Enbridge's (NYSE: ENB) stock has risen about 12% so far this year. The stock's relative underperformance compared to the S&P Energy Select Sector Index doesn't, however, indicate any fundamental issues with the company. Instead, it is indicative of the resilience of the company's cash flows toward oil price volatility. That means if oil prices fall from here, Enbridge stock won't fall as steeply as stocks of companies directly involved in exploration and production.
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Source Fool.com
