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According to a late-breaking report from investment consultancy firm Mercer, oil and gas stocks could lose up to 95% of their value by 2050.
While we're skeptical Mercer's doomsday scenario could play out, it reveals a serious opportunity in energy stocks right now.
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Oil prices are set to rise in the United States as the summer driving season commences.
U.S. sanctions on Venezuela and Iran are having a profound impact on refiners' ability to procure crude required for diesel fuel.
Russia and OPEC (which includes Saudi Arabia) will continue to cut crude production to bolster support.
And optimism continues to rise about a trade deal between the United States and China.
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Rising oil prices have a positive impact on the price of energy stocks. This is especially true for producers and transport companies that bring supply downstream to the refineries. The higher the price of oil, the more the reserves are worth on an exploration and production firm's balance sheet. And the higher the price of crude, the more fees midstream companies can collect for the transportation and storage of crude oil.
Right now, investors are searching for the best energy stocks to buy right now. To find these companies, we tapped into the Money Morning Stock VQScore™ system. This proprietary system tracks only the world's most profitable companies and assigns them a score based on the probability that their share price will shoot into the stratosphere. A score of 4 or better puts the stock in our "Buy Zone," signaling this is the time for investors to acquire shares.
Today, we'll look at the two best energy stocks to buy in April...
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The price of crude oil is renewing an upward march.
I've said it before, and I'll say it again. It's quite the breath of fresh air after the collapse we experienced at the end of last year.
As of trading close yesterday (2:30 PM for oil in New York), West Texas Intermediate (WTI), the benchmark crude rate written in New York, was up another 1.6% for the day, 5.3% for the week, and 10.6% for the month.
Year to date (YTD), WTI is up a hefty 37.8%.
Meanwhile, Brent, the more widely used global benchmark set daily in London, is better by .5%, 2,4%, and 5.4%, respectively, with a YTD gain of 28.9%.
Of interest now is the Brent-WTI spread, the difference between the two benchmark figures...
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With the oil industry's big comeback, it's time to jump in on this MLP.
Since this company stores and transports oil, it's not vulnerable to the volatility of the market.
This means as long as oil is needed, the company will continue to grow and be profitable.
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WTI crude oil prices continue higher in 2019 and are now up almost 40% from their December lows.
While consumers are feeling the effects of near $60-per-barrel oil prices at the gas pump, the rally has created a huge opportunity for investors.
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Over the last month, oil prices have remained relatively steady after their 31% run up from late December to mid-February. This is largely attributable to the United States adding more supply to the market.
But every day, it seems like there are new concerns about global economies. No Brexit plan is in place despite this month's fast-approaching deadline. China has slashed its 2019 economic growth outlook. The ECB reduced its growth expectations last Thursday. And on Friday, the U.S. Labor Department released a chilling jobs report that fell well short of economists' expectations.
All these factors could weigh negatively on the price of oil. But despite these challenges, oil prices are poised to move higher in 2019 and 2020. Today, we're going to explain why oil prices will move higher in 2019 and 2020 – and give you the three best energy dividend stocks that are poised to break out according to the Money Morning Stock VQScore™ system.
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Oil prices may never reach their spectacular highs in 2008 again, and the reason is less obvious than you might think.
And this subtle new trend could make OPEC completely irrelevant.
Once you see the chart below, you'll never want to own a share of Exxon Mobil stock again...
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The track record of the Money Morning Stock VQScore™ System is unrivaled on Wall Street.
The VQScore system gives investors an inside edge and tells them exactly when stocks have entered the "strong buy" zone. When it hits this level, the stock is poised to break out – and most of the stocks we recommend have an upside of 100% in the next year.
Today, the stars are aligning for a cheap energy stock that just entered the Money Morning VQScore system with a perfect 4.75.
With oil prices reaching a near-term bottom, a small oil and gas producer in Texas is an amazing buy. This stock is set to double or even triple over the next six months.
Here's what you need to know...
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Several factors are fueling a rise in crude oil prices right now. And we're just getting started on an extended crude price rally that will take us through the third quarter of 2019.
The price of WTI crude oil is sitting just below a 2019 high, near $56 per barrel. The same goes for Brent crude, which pushed to the brink of $67 per barrel.
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