Exxon Mobil Corp. posted its best quarterly earnings since 2015 last week.
This has many investors thinking Exxon stock has room to run higher in 2017.
Here's why we don't recommend XOM - or any other big oil stock for that matter...
Investing in oil can sometimes seem like a daunting task.
There's plenty of money to be made to be sure, but between futures contracts, upstream, downstream, shale, and tight oil, the options are seemingly endless.
Crude oil prices have rallied 11% since OPEC agreed to slash oil output in November.
And with prices heading even higher in 2017, people are looking for the best way to invest in oil.
Investing in oil is going to be hugely profitable in 2017, but don't get tricked into buying some of the most popular stocks on the market.
While they might be the most recognizable names in the oil industry, Big Oil stocks are some of the worst stocks you can own.
"Permania" is a new term describing the oil boom in the Permian Basin, which spans parts of Texas and New Mexico.
A new discovery of 20 billion barrels of recoverable oil there, combined with a resurgence of American shale oil production, has oil companies flooding the region.
WTI crude oil futures fell nearly 2% on the day to hit a 2017 low of $47.34, but that's no cause for panic.
The OPEC oil price deal is working, and it's injecting life back into the American oil industry.
The best oil company stocks of 2017 have explosive profit potential, and the recent dip in crude prices makes them a bargain to buy right now…
And by investing in the right oil company stocks, you can make double-digit profits this year.
Big Oil companies like Exxon Mobil, BP, and Chevron are some of the most recognizable oil company stocks you can buy.
But it turns out they can be some of the worst oil investments you can make.
Oil futures hit a 10-year low of $26.55 a barrel in January 2016. Current oil futures contracts are now up over 100% since then to $54.22. But oil prices are still climbing.
That means there's plenty of opportunity for investors to profit from surging oil prices.
And to help you make money on oil, we're giving you our best oil company stocks to buy this year...
Today, we're giving you the three top oil stocks to buy so you can take advantage of rising oil prices. Crude oil prices have already jumped 48% from their 2016 low, and Money Morning Global Energy Strategist Dr. Kent Moors predicts oil prices could rise another 20% in the first half of 2017. And the best way […]
