Tags: best | energy | stocks | buy

US News: 10 Best Energy Stocks to Buy Right Now

US News: 10 Best Energy Stocks to Buy Right Now
(Zimmytws/Dreamstime)

By    |   Friday, 07 August 2020 09:23 AM

Savvy investors looking to turbocharge their investment portfolio might want to consider energy stocks.

Several energy stocks are good additions since they remain undervalued but have low debt levels and a higher amount of free cash flow, U.S. News and World report recently reported.

As the economy reopened, consumption of gasoline and other crude oil products rose and crude oil prices followed suit. Lower crude oil prices are likely to stay for the rest of 2020, but volatility has diminished. The market has returned to something resembling "normal," but the market remains in oversupply that is exacerbated by a sluggish economy, says Charles Sizemore, chief investment officer of Sizemore Capital Management in Dallas.

Energy stocks as a group are cheap and priced to outperform in an otherwise expensive market. "But this is still a sector in decline with a murky future," said Sizemore, also a Newsmax Finance Insider. "It looks a little like Big Tobacco 20 or 30 years ago."

US News suggested what they called “the best energy stocks to buy for 2020”:

  1. Chevron Corp. (CVX)
  2. Exxon Mobil Corp. (XOM)
  3. Kinder Morgan (KMI)
  4. Williams Cos. (WMB)
  5. Cheniere Energy (LNG)
  6. Magellan Midstream Partners (MMP)
  7. Enterprise Products Partners (EPD)
  8. Phillips 66 (PSX)
  9. NuStar Energy (NS)
  10. EOG Resources (EOG)

However, Newsmax Finance Insider Jack Belcher warns investors to be careful when venturing into energy investing.

"Markets have been turned upside down by the global COVID-19 pandemic, with demand destruction and collapsing global crude oil prices having hammered the U.S. oil and gas industry for months," he recently wrote for Newsmax Finance.

"The ensuing restructuring and consolidations in the form of recent mergers, acquisitions, and bankruptcies, coupled with the upcoming U.S. elections have added to the unpredictable nature of the industry’s future," he said.

© 2021 Newsmax Finance. All rights reserved.


StreetTalk
Savvy investors looking to turbocharge their investment portfolio might want to consider energy stocks.
best, energy, stocks, buy
291
2020-23-07
Friday, 07 August 2020 09:23 AM
Newsmax Media, Inc.
 
Newsmax TV Live
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved