One of the best oil stocks to buy right now is currently priced as a steal, and it could make you a bundle of money as oil prices climb over the summer.
Phillips 66 Partners LP
Phillips 66 Partners (NYSE: PSXP) just entered the Money Morning VQ Score™ "Buy Zone," making it one of the best stocks to buy right now.
And the timing couldn't be better…
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.
Big Oil stocks are the seven "oil supermajors." These massive public oil companies do everything from oil drilling to refining to retail sales.
Despite being huge global oil companies, shares of Big Oil stocks are all in the red this year, even as the Dow is smashing record highs.
Oil prices have climbed 52% since hitting a 10-year low in January last year, and prices are going to continue to rise in 2017.
To help investors profit as oil prices rise, we've got the best oil stocks to buy this year.
Oil prices have ballooned 15% since OPEC agreed to cut oil production in November, and that makes our best 2017 oil stocks profitable plays.
Dr. Kent Moors, Money Morning's Global Energy Strategist, believes oil prices will climb even higher this year.
Oil prices have surged 51% since hitting a low in January 2016, and to help investors profit from that rise, we've made a list of the best oil stocks to buy in 2017.
Our top oil stocks to buy in 2017 include two oil stocks gaining 11% and 37% over the last year. And we've added a bonus energy stock with gains of 118% since last year.