Think It Is Too Late to Buy Oil Stocks? These 3 Stocks Still Look Great
Oil is a commodity prone to large, and often rapid, price swings. The painful drop during the early days of the coronavirus pandemic, for example, has been rapidly replaced by a massive price spike. The trend isn't unusual, though each swing does have its own story. And yet, even though oil is at a peak today, there are still some great long-term opportunities here for investors to consider, including TotalEnergies (NYSE: TTE), Shell (NYSE: SHEL), and Enterprise Products Partners (NYSE: EPD).
When the pandemic hit, TotalEnergies stated very clearly that it would support its dividend so long as oil remained above $40 a barrel. It was the only integrated oil major to make such a bold statement. In fact, some of its peers chose to cut their dividends.
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Source Fool.com
