Today, we're going to show you one of the best oil pipeline stocks to buy. Because right now, the crude oil market (and energy in general) is in an extremely bullish trend.
Domestic oil production has reached historic levels, at more than 11 million barrels per day.
And as production rises, demand is increasing for oil pipelines every single day...
Today, we're going to show you one of the best oil pipeline stocks to buy. Because right now, the crude oil market (and energy in general) is in an extremely bullish trend.
Domestic oil production has reached historic levels, at more than 11 million barrels per day.
And as production rises, demand is increasing for oil pipelines every single day...
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On June 28, U.S. benchmark crude closed at its highest price since 2014 as domestic oil supplies fell to their lowest levels of the year. The drop, caused by rising international demand for American crude, has left American oil producers scrambling to catch up - and created a great profit play in oil stocks.
Oil's aggressive jump pushed oil stocks to fresh highs over the last week. This SPDR S&P Oil & Gas Exploration & Production ETF rose a full 3% in just 48 hours on news that crude supplies had declined by 9.9 million barrels.
This was 7.6 million barrels more than the U.S. Energy Information Administration expected...
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.
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As oil markets continue to recover from the 2014 oil supply glut, we've identified the best oil stock to buy in order to profit from rising oil prices.
Since hitting a low in February 2016, West Texas Intermediate crude oil (WTI) has risen 133%, recently closing above $70 for the first time since 2014.
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On Tuesday (May 22), West Texas Intermediate crude futures hit $72.72 a barrel, their highest level since 2014.
This is just the latest benchmark in a nine-month rally that has seen oil prices soar over 50% since August 2017.
Oil's aggressive rally has pushed oil stocks up as well.
SPDR S&P Oil & Gas Exploration & Production ETF, an ETF comprised of oil stocks, has gone up 48% since last August.
For comparison, the S&P 500 has only gained 13% over the same period.
With stocks riding increasing oil prices to new market highs, we've identified the best oil stock to buy as the rally continues.
It's a mid-cap oil company that facilitate oil transportation - and it's on track for strong gains.
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On May 9, oil surged 3% to break $71 a barrel, its highest price level since 2014.
A range of geopolitical developments were responsible for the jump - America's exit from the Iran nuclear deal and OPEC's announcement that it would attempt to rein in member output were just a few.
However, these short-term gains are just the beginning.
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Phillips 66 Partners (NYSE: PSXP) just entered the Money Morning VQScore™ "Buy Zone," making it one of the best stocks to buy right now.
And the timing couldn't be better...
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Oil prices have been on a tear over the last year, rallying to nearly $70 a barrel this month.
That may tempt you into buying Chevron stock - or one of the other Big Oil behemoths - but that's a mistake...
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Right now is the perfect time to buy TransCanada stock, and we'll show you exactly why...
TransCanada Corp. is a Canadian pipeline company transporting oil and natural gas across North America that is also expanding into Central and South America.
Earlier this year, the United States began producing over 10 million barrels of oil a day - the greatest level of production since 1970.
Meanwhile, Canadian oil companies are on track to finish in the black for the first time in three years thanks to growing international demand.
The Energy Department projects U.S. oil production will surpass 10.3 million barrels a day in 2018, smashing the record for oil production set in 1970.
That's more than 1 million barrels a day higher than U.S. production in 2017.
A shocking new proposal by the U.S. Department of Energy has lit the fuse and could launch a tiny, $2 million startup into the stratosphere - minting millionaires in the process.
Make no mistake: You could be one of them.
Read more about this historic energy play...
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Low oil prices and cheap gasoline are a shot in the arm for American consumers. But will they spend the money they save?
Also, what's next for Uber after Travis Kalanick has resigned as CEO? Keith Fitz-Gerald weighs in.
Federal Judge James Boasberg ruled in favor of the Standing Rock Sioux Tribe yesterday (June 14), handing the tribe its first legal victory in its battle against the Dakota Access pipeline.
Well, sort of...
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Energy investors wrote off Canada's tar sands after oil prices plummeted 50% since 2014.
But that's a mistake, because this oil sands company has found a way to make a profit from the 300 billion barrels of oil there thanks to this tech breakthrough.
Here's the Canadian oil sands stock set for 70% gains this year...
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