This Oil Stock Has Big-Time Upside if Oil Keeps Rebounding in the Second Half
The second quarter was one of the most challenging periods in the oil market's history. Demand collapsed as the global economy shut down to help slow the spread of COVID-19, which caused oil prices to crater. That forced oil companies to take a variety of actions to navigate through this turbulent period.
One of the many oil companies that had to shift gears quickly was Hess (NYSE: HES). However, thanks to its solid balance sheet, its oil hedging program, and the low-cost nature of its operations, Hess' moves were more about preserving value than ensuring its survival. That's put it in an excellent position to cash in on higher oil prices during the second half of the year.
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Source Fool.com
